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SOURCE: Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on the Medicated Skin Care Products markets. The global market for Medicated Skin Care Products is forecast to reach US$6.2 billion by the year 2017. The market offers ample opportunity for growth primarily driven by the world’s aging population and the insistent pursuit of achieving youthful looks and flawless skin. In future, functional skin care products for specific pharmaceutical and cosmetic benefits will be the primary growth drivers.
San Jose, California (PRWEB) May 07, 2012
Follow us on LinkedIn – Medicated skin care products connote a very high-perceived value in consumer mindsets, owing to their abilities of enhancing visual appeal of skin that suits the consumers’ varied lifestyle requirements. Consumers are increasingly wooed by the functionality of these products in effectively managing their beauty and skin care needs without adversely impacting their skin health in different work and leisure milieus. The products are riding high on this note, with consumers becoming unmindful of their higher prices, and manufacturers making every effort to delight consumers with enhanced value for their money. Thus, product premiumization is set to be the platform for the market’s future growth. Globally, within the broader spectrum of general skin care products, the market for medicated skin care products has attracted significant interest in recent years. With focus pitched on maintaining the healthy and youthful appearance of skin, the rising impetus for preventive skin care is driving the personal grooming market, leading to soaring discretionary spends of youngsters. Further, innovation, product expansion, and celebrity endorsement are set to pep up the ever young appeal of the market, together with a host of new product launches.
While acne bogs down the teen beauty, pre-mature aging bothers the twenty-some things. Four-fifths of the world’s teen populace is victim to acne and is relying heavily on medicated creams that cleanse the skin blemish-free from acne and prevent recurrence, spelling untold opportunity for medicated skin care products. On the other hand, new rollouts claiming to offer effective skin care, prevent onset of ageing, renew cells through improved cell physiology and quick replenishment of vitamins, and delay cell senescence and formation of wrinkles will be the ultimate winners. Increasingly therefore, the focus of the market is witnessing a shift from traditional anti-aging products that fix aging symptoms after they have appeared, towards effective skin care products, with youngsters betting high on these products to accomplish holistic skin care from an early age. The trend spells bountiful prospects for the newer ingredient actives incorporated in such products.
Of late, skincare has emerged into an undeniable lifestyle requirement and workplace competence quotient, thus, burgeoning the overall spend on personal grooming, especially in the mature economies, where service industry is thriving. The arena of beautification that once remained the sole terrain of pretty women is now set to change with equal numbers of men sporting a penchant for cool and beautiful look, thanks to the ultra modern lifestyles and urban attitudes. Further, rising accessibility through expanded sales channels and increasing affordability owing to mass marketing are propping the sales of male skincare products. With increasing number of men pampering their skin with a major share of their big bucks, male-oriented skincare products, especially, easy-to-use combo products that offer cleansing, moisturizing, exfoliation, and after-shave in one single formulation, are witnessing rapid spurt in sales.
With concerns for effective skincare mounting, the US remains the most active market for skincare products, irrespective of the category United States represents the largest regional market for medicated skin care products worldwide, as stated by the new market research report on Medicated Skin Care Products. Anti-aging skincare products lead the pack, both by volumes and growth impetus, powered by the spending arsenal of baby boomers, quickly ageing now. Their beauty penchant is set to drive sales of everyday skincare products such as body lotions, cleansers, hand lotions, as well as combo-functional products, cosmeceuticals, and organic or all-natural products. Asia-Pacific with its huge population base, rising disposable incomes and evolving markets of India, China, Australia, Malaysia and Thailand among others, offers tremendous untapped potential. The Asian market is set to forge ahead at the strongest CAGR of about 6% over the analysis period.
Major players profiled in the report include Allergan Inc., avVaa World Health Care Products, Blistex Inc., Chattem Inc., ConvaTec, Galderma Pharma SA, Johnson & Johnson, Merck & Co., Neutrogena Corp., Novartis AG, Obagi Medical Products Inc., Procter & Gamble Company, Reckitt Benckiser Plc., Rohto Pharmaceutical Co., Ltd., Shiseido Co., Ltd., Stiefel Laboratories Inc., Unilever NV, and Wyeth Corp.
The research report titled “Medicated Skin Care Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the medicated skin care products markets, recession trends, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Medicated Skin Care Products market for the years 2009 through 2017 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, and Latin America. Also, a historic analysis (2003-2008) is provided for additional perspective.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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