North America Physician Dispensed Cosmeceuticals Market – Industry Trends and Forecast to 2030

North America Physician Dispensed Cosmeceuticals Market, By Product Type (Skin Care Products, Injectables, Hair Care Products, Oral Care & 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) – Industry Trends and Forecast to 2030.

North America Physician Dispensed Cosmeceuticals Market Analysis and Size

Skin diseases are the most prevalent issues of all human health illnesses. As per the American Academy of Dermatology Association, in U.S. each year 50 million people are affected with acne. In the U.S., acne is the most common skin disease. The surge of the essence on the beauty and outlook, and the growing consciousness about anti-aging, will increase the growth of the market. Increasing importance associated with beauty and appearance and rising awareness about anti-aging are the primary factors anticipated to increase the market's growth.  

Data Bridge Market Research analyses a growth rate in the physician dispensed cosmeceuticals market in the forecast period 2023-2030. The expected CAGR of physician dispensed cosmeceuticals market is tend to be around 6.50% in the mentioned forecast period. The market is valued at USD 3.98 billion in 2022, and it would grow upto USD 6.6 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

North America Physician Dispensed Cosmeceuticals Market Scope and Segmentation

Market Definition

Physician dispensed cosmeceuticals can be thought of as products which consist of properties of both cosmetics and pharmaceutical that are prescribed by the physicians especially dermatologists or aestheticians for its wide usage among consumer. There are several physicians who choose to dispense these cosmeceuticals whose practices or specialties involve skin health. The physician dispensed cosmeceuticals involving products such as eye care, skincare, and hair care products.

North America Physician Dispensed Cosmeceuticals Market Dynamics

Drivers

• Increasing Demand of Cosmeceuticals

As per the National Library of Medicine data updated for “cosmeceuticals” in June 2022, cosmetics have dominated the market undoubtedly. More than 30% to 40% of all dermatologists' prescriptions in this region contain cosmeceuticals, despite the widespread uncertainty associated with their definition and scope. In addition, there is a huge product base in the studied market, and the companies primarily focus on continuous product launches and other strategic activities to surge their market presence. For instance, Huons Biopharma signed a contract worth 97.2 billion won with German-based pharmaceutical company Haemato Pharm in October 2021 to distribute its botulinum toxin product exclusively to the European market. Therefore, such instances witness an increase in demand for physician-dispensed cosmeceuticals, driving market growth.

Opportunities

• Rising Awareness of the Safety of Physician-Dispensed Cosmeceuticals

The growing awareness associated with the safety and efficacy of physician-dispensed cosmeceuticals and new product launches is the major factors leading to the growth of the global market. For instance, Skinceuticals announced the launch of cosmeceutical cleaners in September 2017, which have two new products named Replenishing Cleanser and Soothing Cleanser. Additionally, Khiron Life Sciences announced the launch of Kuida, its CBD Cosmeceutical brand in September 2018, which consists of body and skincare products for women.  

• Increasing Adoption of Anti-aging Products for Elderly Population

Consumers, particularly the elderly population, are increasingly searching for methods and products to maintain and improve their appearance to look youthful and beautiful, more so with the increasing awareness of anti-aging products. Moreover, middle-aged people are increasingly experiencing aging anxiety because of the high incidence of extrinsic signs of aging. Anti-aging skin products are termed as cosmeceuticals, since they overlap the distinction between cosmetics and pharmaceuticals. In addition to this, wrinkles, fine lines, excessive dryness, and loss of skin elasticity and firmness are the vital signs of aging. In March 2022, as per an article published by “Adiveda Natural”, anti-aging products such as anti-aging serums provide numerous benefits to the skin, such as skin tightening and hydration; gaining skin glow and radiance; preventing the incidence of age-related dark spots and uneven skin tone. Thus, this factor helps to create much opportunities for the growth of the market.

Restraints/Challenges

• Difficulty in Cosmeceuticals

There are various side effects associated with cosmeceuticals that hamper market growth. Cosmetics products contain many chemicals which may be harmful to the some population that may lead to contact dermatitis photoallergic reactions and long term use of the cosmetics may also cause carcinogenicity and some systemic disease. Thus, this factor hamper the market growth.

This physician dispensed cosmeceuticals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the physician dispensed cosmeceuticals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2019, Allergan launched products such as REFRESH RELIEVA, REFRESH RELIEVA PF multidose and REFRESH RELIEVA for CONTACTS used for the treatment of lubricant eye drop product line.
• In 2019, Merz Pharma introduced Belotero Revive, a dermal filler with amalgamation of glycerol and hyaluronic acid that improves firmness of the skin.

North America Physician Dispensed Cosmeceuticals Market Scope

The physician dispensed cosmeceuticals market is segmented on the basis of product type, material type, positioning, gender, ingredient, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Skin Care Products
• Injectables
• Hair Care Products
• Oral Care & Tooth Whitening
• Lip Care
• Eye Care Products
• Other Products

Material Type

• Multifunctional/Synthetic
• Natural

Forms

• Liquid
• Dry

Positioning

• Mass
• Super Premium
• Premium
• Luxury

Gender

• Female
• Male

Ingredient

• Antioxidants
• Peptides And Proteins
• Hyaluronic Acids
• Enzymes
• Retinoids
• Charcoal
• Others

End User

• Skin Clinics
• Hospitals
• Homecare
• Others

Distribution Channel

• Direct Selling
• Retail Stores
• Online Retailing
• Beauty Salons
• Others

Physician Dispensed Cosmeceuticals Market Regional Analysis/Insights

The physician dispensed cosmeceuticals market is analyzed and market size insights and trends are provided by product type, material type, positioning, gender, ingredient, end user and distribution channel as referenced above.

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

Canada has been witnessing a positive growth for physician dispensed cosmeceuticals market throughout the forecasted period because of the high volume sale of skin care cosmeceutical product and increased spending on the cosmeceutical. The growth is rising with the factors such as growing skin diseases and increasing in awareness of beauty products. In addition to this, the wide adoption of anti-aging cosmetics has become a new trend in the cosmetic market during the forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Physician Dispensed Cosmeceuticals Market Share Analysis

The physician dispensed cosmeceuticals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to physician dispensed cosmeceuticals market.

Key players operating in the 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)