Surge in Sales of Physician Dispensed Cosmeceuticals Expected as Demand for Skincare Products Among Aged People Rises, Reports TMR - Seite 2
Among the products currently available in the market, the skincare products segment accounted for the leading market share in 2015. The increasing demand for cosmeceuticals across emerging economies and due to the rising geriatric population for treating various skin conditions will boost demand from this segment.
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North America Exhibits Most Lucrative Opportunities for Cosmeceuticals Sale
Regionally, North America has been exhibiting the most lucrative prospects for the sales of cosmeceuticals. As per TMR, the regional market stood at US$4.7 bn in 2015 and is expected to reach US$10.52 by the end of 2024. If these valuations hold true, the physician dispensed cosmeceuticals market in North America will exhibit a CAGR of 9.6% between 2016 and 2024. However, TMR forecasts opportunities for the market in Asia Pacific to increase at the fastest CAGR. The Asia Pacific physician dispensed cosmeceuticals market is therefore expected to surge at a CAGR of 12.3% during the forecast period.
According to TMR, the global physician dispensed cosmeceuticals market stood at US$11.2 bn in 2015. Rising at a CAGR of 10.6% between 2016 and 2024, the market is expected to reach US$27.6 bn by 2024.
This review is based on a report published by Transparency Market Research. The report is titled "Physician Dispensed Cosmeceuticals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."
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The global physician dispensed cosmeceuticals market has been segmented as follows:
Physician Dispensed Cosmeceuticals Market, by Product Type
- Skincare Products
- Anti-aging
- Acne treatment
- Skin Whitening & Hyperpigmentation
- Dermal fillers
- Hair care Products
- Hair Repair
- Anti-dandruff
- Anti-hair Fall
- Scalp Repair
- Eye care Products
- Prescription Drops
- Artificial Tears
- Other Eye Care Products
- Injectable Botox
- Others