Skin Treatment - Mexico | Statista Market Forecast

In Mexico, the revenue generated in the Skin Treatment market market is projected to reach US$327.10m in 2024.
It is anticipated that the market will experience an annual growth rate of 4.67% (CAGR 2024-2029).
When compared to other countries worldwide, the United States leads with a revenue of US$4.18bn in 2024.
In terms of per person revenues, in Mexico is expected to generate US$2.53 in 2024.
Mexico's skin treatment market is witnessing a surge in demand for natural and organic products, driven by increasing consumer preference for clean and sustainable beauty solutions.

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 Mexico is experiencing significant growth and development. Customer preferences are shifting towards natural and organic skincare products, driving the demand for innovative and sustainable solutions. Additionally, the market is witnessing an increase in the adoption of advanced skincare treatments and procedures. These trends are influenced by local special circumstances, such as the growing awareness of the importance of skincare and the increasing disposable income of the population. Customer preferences in the Skin Treatment market in Mexico are evolving towards natural and organic skincare products. Consumers are becoming more conscious about the ingredients used in skincare products and are seeking products that are free from harmful chemicals and additives. This preference is driven by the growing awareness of the potential health risks associated with synthetic ingredients and the desire for more sustainable and environmentally friendly options. As a result, there is a growing demand for natural and organic skincare products that offer effective and safe solutions.Another trend in the market is the increasing adoption of advanced skincare treatments and procedures. Consumers are seeking more targeted and specialized solutions to address specific skincare concerns. This includes treatments such as facial peels, laser therapy, and microdermabrasion, which offer enhanced results compared to traditional skincare products. The popularity of these treatments is driven by the desire for quick and visible results, as well as the influence of social media and celebrity endorsements. As a result, the market for advanced skincare treatments is experiencing significant growth.Local special circumstances in Mexico contribute to the development of the Skin Treatment market. The country has a rich cultural heritage and a long tradition of natural remedies and beauty rituals. This cultural influence has shaped consumer preferences and led to a strong demand for natural and traditional skincare products. Additionally, Mexico has a large and growing middle class with increasing disposable income. This has created a larger consumer base with the ability to afford premium skincare products and treatments. The combination of cultural influences and economic factors has created a favorable environment for the growth of the Skin Treatment market in Mexico.Underlying macroeconomic factors also play a role in the development of the Skin Treatment market in Mexico. The country has a stable economy with a growing GDP and a favorable business environment. This provides opportunities for both local and international skincare brands to enter and expand in the market. Additionally, Mexico has a young and growing population, which represents a large consumer base for skincare products and treatments. The increasing urbanization and changing lifestyles of the population also contribute to the demand for skincare solutions. These macroeconomic factors create a positive outlook for the Skin Treatment market in Mexico, driving its growth and development.

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.