NEW YORK, United States, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Physician Dispensed Cosmeceuticals Market - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. According to the latest research study, the demand of global physician dispensed cosmeceuticals market size was valued at around USD 8.72 billion in 2022. The market is expected to grow above a CAGR of 8.96% and is anticipated to reach over USD 15.90 billion by 2030.
The report analyses the physician dispensed cosmeceuticals market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global market.
Physician Dispensed Cosmeceuticals Market Overview:
Physically dispensed cosmeceuticals are only available through medically supervised businesses. These items contain medicinal qualities. However, these products do not require legal verification. In addition, they are geared towards the development of a genuine biological action on the skin beneath the stratum corneum. This product contains active ingredients that clinically target the visible symptoms of infection, ageing, or any other physical flaw.
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- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
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Key Insights from Primary Research
- As per the analysis, the physician dispensed cosmeceuticals market share is likely to grow above a CAGR of around 8.96% between 2023 and 2030.
- The Physician Dispensed Cosmeceuticals market size was worth around US$ 8.72 billion in 2022 and is estimated to hit approximately US$ 15.90 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The rapid expansion of hair and skin care clinics will boost the global physician-dispensed cosmeceuticals market during the forecast period.
- By product, the skincare segment holds the highest share of the market on a global scale.
- On the basis of region, the Asia Pacific dominates the global physician-dispensed cosmeceuticals market due to rising demand for procedures to maintain beauty and youth.
Competitive Players:
The report contains qualitative and quantitative research on the global physician dispensed cosmeceuticals market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global physician dispensed cosmeceuticals market include;
- Johnson & Johnson Services, Inc
- Jan Marini Skin Research
- The Estée Lauder Companies Inc
- Biopelle, Inc.
- Athena Cosmetics Inc.
- Allergan
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Global Physician Dispensed Cosmeceuticals Market: Growth Factors
The rapid mushrooming of hair and skin care centers and clinics is one of the major factors that will drive the growth of the global physician-dispensed cosmeceuticals market significantly during the forecast period. Moreover, the growing number of trichologists, dermatologists, and skin care specialists who are turning into entrepreneurs and effectively running startups where branded cosmetic products are prescribed and used is another reason that is propelling the growth of the global physician-dispensed cosmeceuticals market. The growing importance of appearance and beauty among consumers is boosting the demand for physician-dispensed cosmeceuticals in the market.
Moreover, the high efficacy of physician-dispensed cosmeceuticals is also inducing people to adopt such products. These products are made to penetrate deeper into the skin when compared to various other available over-the-counter products.
Global Physician Dispensed Cosmeceuticals Market: Segmentation
The global physician-dispensed cosmeceuticals market can be segmented into products and regions.
By product, the market can be segmented into eye care, hair care, skin care, and others. The skincare segment accounts for the largest share in the global market. The skincare segment can further be bifurcated into sunscreens, anti-aging, and other skincare products. The anti-aging segment holds the largest share of the global market due to the rapidly growing aging population all across the globe. Moreover, the growing awareness among people regarding anti-aging treatments to improve and maintain their appearance is further boosting the growth of the segment. Also, due to the growing level of stress all across the globe, people are witnessing anxiety and signs of aging and thus there is a significant spike in the demand for physician-dispensed cosmeceuticals products in the global physician-dispensed cosmeceuticals market.
Browse Complete Report Here | Physician Dispensed Cosmeceuticals Market By Product (Eye Care, Hair Care, Skin Care, And Others) and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030
Regional Dominance:
Asia Pacific accounts for the largest share in the global physician dispensed cosmeceuticals market due to the growing preference of people to adopt various procedures to hold long-lasting beauty and youthful appearance. Moreover, the presence of a strong consumer base is another major reason driving the growth of the regional market.
North America also accounts for a considerable share in the global physician-dispensed cosmeceuticals market due to the presence of prominent market players in the region. Also, the growing demand for physician-dispensed cosmeceutical products to maintain beauty and youthfulness is also boosting the growth of the regional market.
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 8.72 Billion |
| Market Forecast in 2030 | USD 15.90 Billion |
| Growth Rate | CAGR of 8.96% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Johnson & Johnson Services, Inc, Jan Marini Skin Research, The Estée Lauder Companies Inc, Biopelle, Inc., Athena Cosmetics Inc., and Allergan. |
| Segments Covered | By product, And By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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The global physician dispensed cosmeceuticals market is segmented as follows:
By Product
- Eye Care
- Hair Care
- Skin Care
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Physician Dispensed Cosmeceuticals industry?
- What are the main driving factors propelling the Physician Dispensed Cosmeceuticals Market forward?
- What are the leading companies in the Physician Dispensed Cosmeceuticals Industry?
- What segments does the Physician Dispensed Cosmeceuticals Market cover?
- How can I receive a free copy of the Physician Dispensed Cosmeceuticals Market sample report and company profiles?
What Report Offers:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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