Skin Treatment - Belgium | Statista Market Forecast

Belgium's Skin Treatment market market in 2024 generated revenue of US$98.15m.
Looking ahead, the market is projected to experience an annual growth rate of 4.58% (CAGR 2024-2029).
When compared globally, the United States leads in revenue generation with an impressive figure of US$4.18bn in 2024.
In terms of per person revenues, Belgium's figure stands at US$8.38 in 2024.
Belgium's skin treatment market is witnessing a surge in demand for natural and organic products, driven by increasing consumer preference for sustainable and eco-friendly options.

Definition: Skin Treatment Market
The Skin Treatment market comprises over-the-counter natural and synthetic medical skin treatment products like antibacterial preparations, acne treatment agents, antifungals. Preparations for skin treatment include medicines in the form of ointments, creams, gels, pills, capsules, washing lotions, peelings, pastes, solutions, fluids, suppositories and sprays for external and internal application. Not included are prescription medicines, preparations that are against the state law, are not explicit skin treatment drugs (e.g. painkillers) or primarily have cosmetic purposes. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Additional Information:
The Skin Treatment market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Natural and synthetic agents
Agents for internal and external application
Preparations to treat skin diseases (e.g. acne treatment)

Prescription medicines
Homeopathic remedies
Painkillers
Cosmetic products
Adhesive patches

The Skin Treatment market in Belgium is experiencing significant growth, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Belgium are increasingly seeking out skin treatment products and services to address a variety of concerns, including aging, acne, and hyperpigmentation. This growing demand is fueled by a desire for healthier, more youthful-looking skin, as well as a greater awareness of the importance of skincare in overall wellness. Additionally, there is a growing interest in natural and organic skincare products, as consumers become more conscious of the ingredients they put on their skin.

Trends in the market: One of the key trends in the Belgian skin treatment market is the rise of personalized skincare. Customers are looking for tailored solutions that address their specific skin concerns and needs. This has led to an increase in the availability of personalized skincare products and services, such as customized skincare routines and treatments. Another trend is the growing popularity of non-invasive and minimally invasive skin treatments, such as laser therapy, chemical peels, and microneedling. These treatments offer effective results with minimal downtime, appealing to busy individuals who want to improve their skin without undergoing surgery.

Local special circumstances: Belgium is known for its high standards of healthcare and beauty industry regulations. This has created a sense of trust and confidence among consumers, who are more willing to invest in professional skin treatment services. The country also has a well-developed network of dermatologists, estheticians, and skincare professionals, providing easy access to expert advice and treatments. Additionally, Belgium's central location in Europe makes it a popular destination for medical tourism, attracting international customers seeking high-quality skin treatment services.

Underlying macroeconomic factors: The growth of the skin treatment market in Belgium is supported by several macroeconomic factors. Firstly, the country has a relatively high disposable income, allowing consumers to allocate a portion of their budget towards skincare products and services. Furthermore, Belgium has a well-established beauty and wellness culture, with a strong emphasis on self-care and personal grooming. This cultural mindset contributes to the demand for skin treatment solutions. Lastly, the aging population in Belgium is driving the need for anti-aging skincare products and services, as individuals seek to maintain a youthful appearance and combat signs of aging.Overall, the Skin Treatment market in Belgium is thriving due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumers continue to prioritize skincare and invest in professional treatments, the market is expected to experience sustained growth in the coming years.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.