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2021
Dermocosmetics Market

Dermocosmetics Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11130
Pages: NA
Dec 2021 | 579 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

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Dermocosmetics is a combination of two branches mainly, cosmetics and dermatology. Rise in knowledge regarding the use of these branches and greater demand from women for genuinely effective products have nurtured the development and ready availability of products formerly limited to the field of medicine. Furthermore, dermocosmetic products are imagined to be beauty products but are nevertheless, involved in improving beauty. These products have been specially formulated to restore skin health. They protect against the many stresses of contemporary life and also the natural skin ageing. This allows majority of the population to improve their appearance as they are generally used on a temporary basis.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, Distribution Channel and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include L’Oreal S.A., Procter & Gamble Co., Johnson & Johnson, Glo Skin Beauty Bioelements, Jan Marini Skin Research Inc., Unilever plc., ZO Skin Health Inc., BSN medical GmbH, La Prairie, Valeant Pharmaceuticals Inc., Revive, Shiseido Group, Amorepacific Corporation, Allergan plc., and PCA Skin


COVID-19 scenario analysis:

Coronavirus disease 2019 (COVID-19) outbreak has caused a global lockout causing economic crisis in every sector, especially in the healthcare industry. Furthermore, the downfall in revenue is due to reduction in demand for the products that can be used for the treatment of other diseases. The COVID-19 pandemic has drastically impacted the healthcare system, resulting in 50% to 70% drop in revenue from March. The shut-down of many smaller hospitals, nursing homes and other healthcare organizations has led to decrease in the number of surgical procedures.  In addition, visa cancellations have led to a reduction in medical tourism and can negatively impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The key factors which are affecting the market growth include, rise in adult population and increase in awareness regarding the benefits of these products among the adult population in the coming years. The surge in consumer interest in wellness, health and other benefit driven products are anticipated to boost the industry. The increase in the disposable income of the consumers would help the market witness growth in the coming years. However, the fluctuation in the consumer demands may hinder the market growth in the near future.

New product advancements and introduction of products in different market to flourish the industry

In October 2019, Merck had announced that it will launch cornflower extract, which can be used for reduction of skin inflammation and also support skin calming and skin defense as claimed in Europe.

In October 2019, Dr. Raymond Labs, a K-Beauty skincare company, announced the expansion of its top-selling dermocosmetic line into the U.S. For the last ten years, ZEROID has been the number one-selling dermocosmetic brand in Korea, mainly sold in hospitals under a doctor's recommendation. Now, however, ZEROID is being made available for online purchase in the U.S.

Surge in mergers and acquisitions to boost the market

In April 2016, New Jersey-based Johnson & Johnson Consumer had entered into a definitive agreement to purchase dermocosmetics company, NeoStrata. The acquisition will include NeoStrata’s affiliates and its privately-held parent company TriStrata.

In January 2017, L’Oréal strengthened its U.S. business in the dynamic active cosmetics segment and announced that it had signed a definitive agreement with Valeant Pharmaceuticals International Inc. to acquire the CeraVe, AcneFree and Ambi skin-care brands for $1.3 billion in cash. The trio of labels with their respective focuses on dry skin, acne, and dark spots and brightening generates yearly revenue of about $168 million combined and puts L’Oréal in line with Nestlé’s blockbuster Cetaphil brand.

Key segments covered:

Segments

Sub-segments

  Product

  • Hair Care Products
  • Anti-Dandruff
  • Anti-Hair Fall
  • Hair Repair
  • Others
  • Skin Care Products
  • Acne Treatment
  • Anti-Aging
  • Skin Whitening
  • Others

  Distribution Channel

  • Retail Pharmacy
  • Hospital Pharmacy
  • Online Sales

 

Key benefits of the report:

  • This study presents the analytical depiction of the global dermocosmetics industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dermocosmetics market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global dermocosmetics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global dermocosmetics market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the dermocosmetics market research report:

  • Which are the leading market players active in the dermocosmetics market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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