Skin Treatment - Niger | Statista Market Forecast

In Niger, the revenue generated in the Skin Treatment market market in 2024 amounts to US$10.44m.
It is projected that the market will experience an annual growth rate of 7.55% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in the market, amounting to US$4.18bn in 2024.
In terms of per person revenues, in Niger generates US$0.37 in 2024.
Niger is experiencing an increasing demand for natural and organic skin treatment products in the OTC Pharmaceuticals market.

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 Niger is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Skin Treatment market in Niger have shifted towards natural and organic products. Customers are increasingly concerned about the ingredients used in skincare products and are seeking products that are free from harmful chemicals and artificial additives. This preference for natural products is driven by a growing awareness of the potential health risks associated with synthetic ingredients. As a result, there has been a rise in demand for natural and organic skincare products in Niger.Trends in the market indicate a growing interest in anti-aging skincare products. With an aging population, there is a greater demand for products that can help reduce the signs of aging and maintain youthful-looking skin. This trend is driven by a desire to maintain a youthful appearance and a growing awareness of the benefits of using skincare products that target specific aging concerns.Another trend in the Skin Treatment market in Niger is the increasing popularity of multi-step skincare routines. Influenced by Korean beauty trends, customers are adopting elaborate skincare routines that involve multiple products and steps. This trend is driven by a desire for comprehensive skincare and a belief that using a combination of products can lead to better results. As a result, there has been a surge in demand for cleansers, toners, serums, moisturizers, and other skincare products.Local special circumstances in Niger also contribute to the development of the Skin Treatment market. The country's hot and dry climate necessitates the use of hydrating and moisturizing skincare products. Customers in Niger are looking for products that can help combat dryness and protect their skin from the harsh environmental conditions. This has led to an increased demand for moisturizers, hydrating masks, and other products that provide intense hydration.Underlying macroeconomic factors also play a role in the growth of the Skin Treatment market in Niger. The country's improving economy has resulted in an increase in disposable income, allowing customers to spend more on skincare products. Additionally, the rising middle class in Niger has led to a larger consumer base for skincare products. As a result, there is a growing market for affordable and high-quality skincare products in the country.In conclusion, the Skin Treatment market in Niger is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards natural and organic products, the demand for anti-aging skincare, the popularity of multi-step skincare routines, the need for hydrating products in the hot and dry climate, and the country's improving economy all contribute to the market's 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.