Physician dispensed cosmeceuticals, combining cosmetic and pharmaceutical properties, are prescribed by dermatologists and aestheticians for consumer use. Many physicians specializing in skin health choose to dispense these products. The market for physician dispensed cosmeceuticals in eye care, skincare, and hair care has grown due to increasing consumer awareness and personalized treatment approaches. Notable trends include advanced formulations, customization, and the integration of technology.
According to Data Bridge Market Research the North America Physician Dispensed Cosmeceuticals Market accounted for USD 3.98 billion in 2022, and it would grow up to USD 6.6 billion by 2030.
“Increasing demand for cosmeceuticals”
According to data from the National Library of Medicine, cosmetics have a dominant presence in the market, with a significant percentage of dermatologists' prescriptions containing cosmeceuticals. Despite the lack of a clear definition and scope for cosmeceuticals, companies in the market focus on continuous product launches and strategic activities to enhance their market presence. Notable instances, such as the exclusive distribution contract between Huons Biopharma and Haemato Pharm, indicate an increasing demand for physician-dispensed cosmeceuticals, contributing to market growth.
What restraints the growth of the North America physician dispensed cosmeceuticals market?
“Increasing consumer awareness”
The physician dispensed cosmeceuticals market faces a restraint due to the rising consumer awareness regarding the potential risks associated with chemicals in cosmetic products. This awareness has resulted in an increased demand for natural and organic alternatives. Consumers are seeking safer and healthier options, which has compelled manufacturers to incorporate natural ingredients into their cosmeceutical formulations to meet the evolving preferences of the market and maintain competitiveness in this changing landscape, further impacting the market growth.
Segmentation: North America Physician Dispensed Cosmeceuticals Market
The physician dispensed cosmeceuticals market is segmented on the basis of product type, material type, positioning, gender, ingredient, end user and distribution channel
- On the basis of product type, the physician dispensed cosmeceuticals market is segmented into skin care products, injectables, hair care products, oral care and tooth whitening, lip care, eye care products, and other products.
- On the basis of material type, the physician dispensed cosmeceuticals market is segmented into multifunctional/synthetic, and natural.
- On the basis of positioning, the physician dispensed cosmeceuticals market is segmented into mass, super premium, premium, and luxury.
- On the basis of gender, the physician dispensed cosmeceuticals market is segmented into female, and male.
- On the basis of ingredient, the physician dispensed cosmeceuticals market is segmented into antioxidants, peptides and proteins, hyaluronic acid, enzymes, retinoids, charcoal, and others.
- On the basis of end user, the physician dispensed cosmeceuticals market is segmented into skin clinics, hospitals, homecare, and others.
- On the basis of distribution channel, the physician dispensed cosmeceuticals market is segmented into direct selling, retail stores, online retailing, beauty salons, and others.
Regional Insights: Canada is expected to dominate the North America Physician Dispensed Cosmeceuticals Market
Canada's physician dispensed cosmeceuticals market is experiencing steady growth due to high sales volume of skin care cosmeceutical products and increased consumer spending in this sector. Factors contributing to this growth include the rise in skin diseases, growing awareness of beauty products, and the widespread adoption of anti-aging cosmetics as a prominent trend in the cosmetic market during the forecast period.
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Recent Developments in North America Physician Dispensed Cosmeceuticals Market
- In 2019, Allergan expanded its product line with the launch of REFRESH RELIEVA, REFRESH RELIEVA PF multidose, and REFRESH RELIEVA for CONTACTS. These lubricant eye drop products were introduced to provide treatment options for dry and irritated eyes.
- Similarly, in 2019, Merz Pharma introduced Belotero Revive, a dermal filler that combines glycerol and hyaluronic acid. This innovative product is designed to enhance skin firmness and address signs of aging, offering a solution for individuals seeking skin rejuvenation and improvement in skin texture..
The Prominent Key Players Operating in the North America Physician Dispensed Cosmeceuticals Market Include:
- AbbVie Inc. (U.S.)
- Merz Pharmaceuticals, LLC. (U.S.)
- El.En. S.p.A. (Italy)
- Shiseido Company, Limited (Japan)
- Johnson & Johnson Services, Inc (U.S.)
- GALDERMA LABORATORIES, L.P (U.S.)
- AVON PRODUCTS (U.S.)
- Procter & Gamble (U.S.)
- BEIERSDORF GLOBAL (Germany)
- Coty Inc. (U.S.)
- The Estée Lauder Companies (U.S.)
- Colgate-Palmolive Company (U.S.)
- Sesderma (India)
- Bayer AG (Germany)Bausch Health Companies Inc. (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of North America physician dispensed cosmeceuticals market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global North America Physician Dispensed Cosmeceuticals Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
