Skin Treatment - Austria

Austria

Highlights

In Austria, the revenue in the Skin Treatment market market is projected to reach US$106.90m by 2024.
It is anticipated that the market will experience an annual growth rate of 4.74% (CAGR 2024-2029).
When compared to other countries worldwide, the United States generates the highest revenue in this market, reaching US$4.18bn in 2024.
In terms of per capita figures, in Austria generates revenues of US$11.90 per person in 2024.
Austria's skin treatment market is seeing a surge in demand for natural and organic products due to the country's strong commitment to sustainability and eco-friendly practices.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Skin Treatment market in Austria has been experiencing significant growth in recent years. Customer preferences for natural and organic skincare products have played a key role in driving this trend.

Customer preferences: Austrian consumers have become increasingly conscious about the ingredients used in skincare products. They are more likely to choose products that are free from harmful chemicals and are made from natural and organic ingredients. This preference for natural and organic skincare products can be attributed to the growing awareness about the potential negative effects of synthetic ingredients on the skin and the environment. Consumers are also seeking out products that are cruelty-free and sustainable.

Trends in the market: One of the key trends in the Austrian Skin Treatment market is the rise of clean beauty. Clean beauty refers to products that are made from non-toxic and ethically sourced ingredients. This trend is driven by the increasing demand for products that are safe, effective, and environmentally friendly. Clean beauty brands are gaining popularity in Austria, as they offer a wide range of skincare products that cater to the needs of conscious consumers. Another trend in the market is the growing popularity of anti-aging skincare products. As the population in Austria ages, there is a higher demand for products that help reduce the signs of aging and improve skin health. Anti-aging skincare products that contain ingredients such as retinol, hyaluronic acid, and peptides are particularly sought after by consumers.

Local special circumstances: Austria is known for its strict regulations on cosmetic products. The country has implemented the European Union's Cosmetics Regulation, which ensures that skincare products meet certain safety standards. This has created a sense of trust among consumers, as they know that the products they purchase are safe to use. Additionally, Austria has a strong tradition of natural remedies and herbal medicine, which has influenced the preference for natural and organic skincare products.

Underlying macroeconomic factors: The strong economy in Austria has contributed to the growth of the Skin Treatment market. With a high disposable income and a stable job market, consumers are more willing to spend on skincare products. The increasing awareness about the importance of self-care and personal grooming has also driven the demand for skincare products. Furthermore, the tourism industry in Austria plays a significant role in the skincare market, as tourists often purchase skincare products as souvenirs or to take advantage of the country's reputation for high-quality skincare products. In conclusion, the Skin Treatment market in Austria is experiencing growth due to customer preferences for natural and organic skincare products, the rise of clean beauty, and the increasing demand for anti-aging skincare products. The local special circumstances, such as strict regulations and the tradition of natural remedies, have also influenced the market. The strong economy and the tourism industry in Austria have further contributed to the growth of the market.

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.