Market Insights Health OTC Pharmaceuticals

Skin Treatment - Ireland

Ireland

In Ireland, the Skin Treatment market market recorded a revenue of US$23.41m in 2024.
It is projected to experience an annual growth rate of 5.16% (CAGR 2024-2029).
When compared globally, the in the United States leads the market with a revenue of US$4,184.00m in 2024.
On a per capita basis, the revenue generated in Ireland amounts to US$4.60 per person in 2024.
In Ireland, the demand for organic and natural skin treatment products in the OTC Pharmaceuticals market is on the rise.

Key regions: Europe, United Kingdom, United States, Canada, China

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Analyst Opinion

The Skin Treatment market in Ireland is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Ireland are increasingly prioritizing their skincare routines and investing in skin treatment products and services. This shift in preference can be attributed to the growing awareness about the importance of skincare and the desire to maintain a youthful appearance. Additionally, the influence of social media and beauty influencers has played a significant role in shaping customer preferences, as people strive to achieve the flawless skin showcased by their favorite celebrities and influencers.

Trends in the market: One of the prominent trends in the Skin Treatment market in Ireland is the increasing demand for natural and organic skincare products. Customers are becoming more conscious about the ingredients used in their skincare products and are opting for products that are free from harmful chemicals and synthetic additives. This trend is driven by the desire for healthier and more sustainable skincare options.Another trend observed in the market is the rising popularity of non-invasive skin treatments. Customers are seeking non-surgical alternatives to traditional cosmetic procedures, such as Botox or facelifts. Non-invasive treatments like laser therapy, microdermabrasion, and chemical peels are gaining traction as they offer effective results with minimal downtime and reduced risks.

Local special circumstances: Ireland's skincare market is influenced by the country's unique climate and environmental factors. The cool and damp weather conditions prevalent in Ireland can have a significant impact on the skin, leading to issues such as dryness, sensitivity, and acne. As a result, customers in Ireland are more inclined towards skincare products that provide hydration, protection, and solutions to these specific concerns.

Underlying macroeconomic factors: The growing Skin Treatment market in Ireland can also be attributed to the country's strong economic performance and increasing disposable income. As the economy continues to recover from the global financial crisis, consumers have more purchasing power and are willing to spend on skincare products and services. Additionally, the rise in tourism in Ireland has contributed to the growth of the market, as visitors often seek out local skincare products and treatments during their stay.In conclusion, the Skin Treatment market in Ireland is experiencing growth due to changing customer preferences, emerging trends, and local special circumstances. Customers are prioritizing skincare and seeking natural and non-invasive solutions. The country's unique climate and economic factors also play a significant role in shaping the market.

Methodology

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.