Market Insights Consumer OTC Pharmaceuticals

Skin Treatment - Worldwide

Worldwide

Revenue in the Skin Treatment market amounts to US$20.58bn in 2024. The market is expected to grow annually by 5.58% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$4,184m in 2024).
In relation to total population figures, per person revenues of US$2.66 are generated in 2024.

Key regions: India, Canada, United States, United Kingdom, Philippines

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Analyst Opinion

In the Skin Treatment market, the prevalence of skin diseases is a significant driving factor affecting the market growth. This is especially the case in emerging countries, where vehicle pollution, unhealthy lifestyles, and a lack of awareness of healthcare and skin diseases lead to a higher demand for skin treatment products.

Furthermore, the launch of effective medicine products also has a crucial impact on the market growth. However, the side effects of skin treatment products could cause life-threatening situations, which leads to a restriction of the development of the Skin Treatment market.

In 2022, the global Skin Treatment market reached US$17.94 billion and recovered from a slight decline in 2020 brought about by the COVID-19 pandemic. In the forecast period, the market is expected to reach a CAGR of around 3%.

Methodology

The Skin Treatment market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Skin Treatment industry.