Physician Dispensed Cosmeceuticals Market to Surpass 16.7 Billion by 2030 Drives Due to the Medical Expertise Synergy
SkyQuest projects that the physician-dispensed cosmeceuticals market will attain a USD 16.7 billion value by 2030, with a CAGR of 7.8% over the forecast period (2023-2030). The physician-dispensed cosmeceuticals market is experiencing a notable surge, spurred by evolving consumer preferences favoring healthful and nourishing dietary choices, particularly in response to the escalating concerns surrounding obesity and the ageing demographic. The heightened awareness of the importance of a balanced diet has increased demand for dried fruit, recognized for its inherent nutritional value.
Westford, USA, Aug. 17, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, Physician dispensed cosmeceuticals offer clinical-grade formulations that undergo rigorous testing and quality control. These products contain potent ingredients at higher concentrations, visibly improving skin health and appearance. Consumers are drawn to the promise of professional-grade solutions that address specific concerns.
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- Pages – 157
- Tables – 64
- Figures – 68
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Physicians provide credibility and accountability to the cosmeceutical market. Consumers trust medical professionals for skincare guidance, relying on their expertise to make informed decisions. Physician dispensed products inspire confidence through professional recommendation, ensuring clients receive genuine, beneficial products amidst the saturated skincare landscape.
Prominent Players in the Physician Dispensed Cosmeceuticals Market
- Allergan Plc
- SkinMedica, Inc.
- Biopelle, Inc.
- Clinique Laboratories, LLC
- Cutera, Inc.
- Emerson Ecologics, LLC
- iS CLINICAL
- Jan Marini Skin Research, Inc.
- La Roche-Posay Laboratoire Pharmaceutique
- Neutrogena Corp.
- Obagi Medical Products, Inc.
- SkinCeuticals
- Stiefel Laboratories, Inc.
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Eye Care Segment is Expected to Grow the Market Due to their Increasing Awareness of the Delicate and Unique Needs of the Eye Area
The eye care segment is rapidly growing in the physician-dispensed cosmeceuticals market. With increasing awareness of the delicate and unique needs of the eye area, consumers are turning to medical professionals for specialized solutions. Physician-dispensed eye care cosmeceuticals offer targeted formulations to address concerns like dark circles, puffiness, and fine lines.
North America emerges as a dominant region in the physician-dispensed cosmeceuticals market. The robust presence of advanced healthcare infrastructure, well-established dermatological practices, and a proactive consumer base drives the region’s prominence. High disposable incomes enable consumers to invest in premium skincare solutions medical professionals recommend.
Skin Care is Expected to Dominate the Market Due to its Wide Array of Products Addressing
The skincare segment is the dominant force in the physician-dispensed cosmeceuticals market. Focusing on targeted solutions, it encompasses various products addressing diverse skin concerns such as ageing, hyperpigmentation, and acne. The medical endorsement bolsters credibility, driving consumer trust in these clinically formulated products. Customized treatments tailored by physicians further accentuate the segment’s prominence, catering to individual skin needs.
Regional markets in the Asia-Pacific (APAC) region emerge as a swiftly expanding market for physician-dispensed cosmeceuticals. Driven by a confluence of factors such as a growing middle-class population, increasing disposable income, and a strong emphasis on skin care routines, APAC’s demand for advanced skincare solutions is on the rise. The region’s cultural emphasis on youthful appearance and flawless skin further propels the adoption of physician-endorsed products.
A comprehensive analysis of the major players in the physician dispensed cosmeceuticals market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in the Physician Dispensed Cosmeceuticals Market
- In May 2022, Xilica and Sennheiser expanded their collaboration with the introduction of two new pre-validated, plug-and-play “room kits” for medium and large collaboration spaces. The IT-compliant room kits combine premium PoE-powered Xilica and Sennheiser audio conferencing solutions in a single compact in-ceiling system, with all components connected via CatX network cable.
- In June 2022, Nureva announced the appointment of AV Supply Group as its Australian distributor. Nureva’s audio conferencing products were first introduced to the New Zealand market in 2017, and the group’s expansion into Australia recognizes the demand from the shift to hybrid working and learning models.
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Key Questions Answered in Physician Dispensed Cosmeceuticals Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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