Skin Treatment - Jordan

  • Jordan
  • In 2024, the Skin Treatment market market in Jordan is projected to generate a revenue of US$12.58m.
  • It is anticipated that the market will experience an annual growth rate of 8.61% (CAGR 2024-2029).
  • When compared globally, the in the United States stands as the highest revenue generator in this market, with a staggering US$4,184.00m in 2024.
  • Considering the population figures, each person in Jordan is expected to contribute US$1.11 in revenue for the year 2024.
  • Jordan's growing middle class is driving demand for innovative and natural skin treatment products in the OTC pharmaceuticals market.

Key regions: Australia, Brazil, Canada, China, Germany

 
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Analyst Opinion

The Skin Treatment market in Jordan has been experiencing significant growth in recent years. Customer preferences have shifted towards natural and organic skincare products, leading to an increase in demand for these products. Additionally, the market has been influenced by local special circumstances and underlying macroeconomic factors.Customer preferences in the Skin Treatment market in Jordan have been focused on natural and organic skincare products. Consumers are becoming more conscious about the ingredients used in their skincare products and are opting for products that are free from harmful chemicals. This shift in preference can be attributed to a growing awareness of the potential health risks associated with synthetic ingredients. As a result, there has been an increase in the availability and variety of natural and organic skincare products in the market.Trends in the market indicate a growing demand for anti-aging skincare products. With an aging population, there is a higher demand for products that can help reduce the signs of aging and improve skin elasticity. This trend is driven by the desire to maintain a youthful appearance and the increasing availability of innovative anti-aging skincare solutions. Additionally, there has been a rise in the popularity of skincare treatments such as facials and chemical peels, as consumers seek professional solutions for their skincare needs.Local special circumstances in Jordan have also influenced the development of the Skin Treatment market. The country is known for its rich natural resources, including minerals and Dead Sea mud, which are renowned for their therapeutic properties. This has led to the development of a niche market for skincare products that incorporate these natural ingredients. Local brands have capitalized on this trend by offering a range of products that utilize these unique resources, attracting both local and international customers.Underlying macroeconomic factors have also played a role in the growth of the Skin Treatment market in Jordan. The country has witnessed steady economic growth in recent years, leading to an increase in disposable income among consumers. This has resulted in a higher purchasing power and an increased willingness to spend on skincare products. Additionally, the tourism industry in Jordan has been flourishing, attracting visitors from around the world. This has created a demand for skincare products from tourists, further contributing to the growth of the market.In conclusion, the Skin Treatment market in Jordan is developing in response to customer preferences for natural and organic skincare products, the growing demand for anti-aging solutions, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that these trends will shape the future of the skincare industry in Jordan.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Key Players
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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