Press Release

Jan, 29 2024

Exploring Physician-Dispensed Cosmeceuticals: The Fusion of Medical Expertise and Advanced Skincare Innovations for Results

Physician-dispensed cosmeceuticals constitute a niche market where skincare products with medical-grade formulations are distributed exclusively through healthcare professionals. These advanced formulations often blend pharmaceutical and cosmetic ingredients to address specific skin concerns. By leveraging the expertise of physicians, this market ensures tailored skincare solutions, emphasizing efficacy and safety. The exclusivity of distribution through healthcare channels distinguishes physician-dispensed cosmeceuticals from over-the-counter products, fostering a personalized approach to skincare.

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Data Bridge Market Research analyses that the North America Physician-Dispensed Cosmeceuticals Market, which was USD 3.98 billion in 2022, is expected to reach USD 6.6 billion by 2030 and is expected to undergo a CAGR of 6.50% during the forecast period from 2023-2030. The surge in demand for non-invasive skincare procedures synergizes with physician-dispensed cosmeceuticals, fostering market expansion. Consumers seek effective yet gentle solutions, propelling the growth of this niche.

Key Findings of the Study

North America Physician Dispensed Cosmeceuticals Market

Aging population is expected to drive the market's growth rate

The aging demographic in North America propels the demand for anti-aging solutions, fueling interest in physician-dispensed cosmeceuticals. This market caters to the unique skincare needs of mature skin through specialized formulations. As the desire for effective and targeted products grows among the aging population, physician-endorsed cosmeceuticals become integral in addressing concerns associated with aging, further establishing their position as sought-after solutions in the skincare routines of older individuals.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Skin Care Products, Injectables, Hair Care Products, Oral Care and Tooth Whitening, Lip Care, Eye Care Products, Other Products), Material Type (Multifunctional/Synthetic, Natural), Positioning (Mass, Super Premium, Premium, Luxury), Gender (Female, Male), Ingredient (Antioxidants, Peptides And Proteins, Hyaluronic Acid, Enzymes, Retinoids, Charcoal, Others), End User (Skin Clinics, Hospitals, Homecare, Others), Distribution Channel (Direct Selling, Retail Stores, Online Retailing, Beauty Salons, Others)

Countries Covered

U.S., Canada and Mexico in North America

Market Players Covered

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)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The North America physician dispensed cosmeceuticals market is segmented on the basis of product type, material type, positioning, form, gender, ingredient, end user and distribution channel.

  • On the basis of product type, the North America 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 North America physician dispensed cosmeceuticals market is segmented into multifunctional/synthetic, and natural
  • On the basis of positioning, the North America physician dispensed cosmeceuticals market is segmented into mass, super premium, premium, and luxury
  • On the basis of form, the North America physician dispensed cosmeceuticals market is segmented into liquid and dry
  • On the basis of gender, the North America physician dispensed cosmeceuticals market is segmented into female, and male
  • On the basis of ingredient, the North America 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 North America physician dispensed cosmeceuticals market is segmented into skin clinics, hospitals, homecare, and others
  • On the basis of distribution channel, the North America physician dispensed cosmeceuticals market is segmented into direct selling, retail stores, online retailing, beauty salons, and others

Major Players

Data Bridge Market Research recognizes the following companies as the major North America physician dispensed cosmeceuticals market in North America physician dispensed cosmeceuticals market are 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)

North America Physician-Dispensed Cosmeceuticals Market

Market Developments

  • In May 2022, Unilever finalized an agreement to acquire a majority stake in Nutrafol, a prominent provider of hair wellness products. This acquisition, encompassing the existing 13.2% share, integrates Nutrafol into Unilever's health and well-being portfolio alongside brands such as OLLY, Liquid I.V., and Onnit. The strategic move aligns with Unilever's commitment to diversifying and expanding its offerings in the health and wellness sector
  • In April 2022, Topix Skin Health launched its latest offering, the Phyto Multi-Correction Serum designed for sensitized skin. This launch marked a significant milestone as it coincided with introducing the brand's new business name. The serum showcases Topix Skin Health's commitment to providing innovative solutions catering to diverse skincare needs, particularly for individuals with sensitive skin concerns.
  • In March 2022, Young Pharmaceuticals, a leading global provider of physician-dispensed skincare products, secured an exclusive distribution agreement with Lactobio, based in Copenhagen and renowned for BAK Probiotic Skincare. This strategic partnership enables Young Pharmaceuticals to exclusively distribute and promote the innovative probiotic skincare line, enhancing their product portfolio and expanding market reach through collaborative efforts with Lactobio
  • In October 2021, Huons Biopharma secured a 97.2 billion won contract with German firm Haemato Pharm, exclusively distributing its botulinum toxin product in Europe. This strategic move exemplifies the growing demand for physician-dispensed cosmeceuticals, reflecting a surge in market expansion. Relationships and exclusive distribution agreements underscore the increasing significance of physician-endorsed skincare solutions, contributing to the sector's overall growth trajectory

Regional Analysis

Geographically, the countries covered in the North America physician dispensed cosmeceuticals market report are U.S., Canada and Mexico in North America.

As per Data Bridge Market Research analysis:

Canada is the dominant country in North America physician dispensed cosmeceuticals market during the forecast period 2023-2030

Canada dominates the North America physician-dispensed cosmeceuticals market with sustained positive growth. The high-volume sale of skincare cosmeceutical products and increased spending on cosmeceuticals contribute to this trend. The market thrives due to the rising incidence of skin diseases and heightened awareness of beauty products. Additionally, the widespread adoption of anti-aging cosmetics emerges as a prevailing trend in the cosmetic market during the forecasted period, further propelling Canada's market prominence. 

For more detailed information about the North America physician dispensed cosmeceuticals market report, click here – https://www.databridgemarketresearch.com/reports/north-america-physician-dispensed-cosmeceuticals-market


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