Skin Treatment - Norway | Statista Market Forecast

In Norway, the revenue generated in the Skin Treatment market market in 2024 amounts to US$12.65m.
It is projected that the market will experience an annual growth rate of 2.85% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in this market, with US$4.18bn in 2024.
Taking into account the total population figures, the per person revenue in Norway is US$2.29 in 2024.
In Norway, the demand for natural and organic skincare products in the OTC Pharmaceuticals market is steadily increasing.

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

Norway is known for its stunning natural landscapes and high standard of living. As a result, the demand for skin treatment products and services in Norway has been steadily increasing in recent years. Customer preferences in the skin treatment market in Norway are heavily influenced by the global trend of prioritizing self-care and wellness. Norwegian consumers are increasingly seeking out products and services that promote healthy and glowing skin. They are particularly interested in natural and organic skincare products that are free from harsh chemicals and artificial ingredients. In addition, there is a growing demand for personalized skincare solutions that cater to individual needs and concerns.One of the major trends in the skin treatment market in Norway is the rise of clean beauty. Norwegian consumers are becoming more conscious of the ingredients used in their skincare products and are actively seeking out brands that are transparent about their sourcing and manufacturing processes. This trend is driven by a desire for products that are not only effective but also environmentally friendly and sustainable.Another trend in the market is the increasing popularity of non-invasive skin treatments. Norwegian consumers are embracing technologies such as laser treatments, microdermabrasion, and chemical peels as alternatives to more invasive procedures. These treatments offer quick and noticeable results without the need for surgery or extensive downtime.Local special circumstances in Norway also play a role in shaping the skin treatment market. The country's harsh climate, with long winters and low humidity, can have a negative impact on the skin, leading to dryness and sensitivity. This has created a demand for skincare products that provide deep hydration and protection against the elements. Additionally, the high level of disposable income in Norway allows consumers to invest in high-quality skincare products and professional treatments.Underlying macroeconomic factors, such as a strong economy and a high standard of living, contribute to the growth of the skin treatment market in Norway. The country's stable economy and high average income levels allow consumers to prioritize self-care and invest in their skincare routines. Furthermore, the increasing awareness of the importance of skincare and overall well-being is driving the demand for skin treatment products and services.In conclusion, the skin treatment market in Norway is experiencing growth due to customer preferences for natural and personalized skincare solutions, the rise of clean beauty, the popularity of non-invasive treatments, local climate conditions, and strong macroeconomic factors. As Norwegian consumers continue to prioritize self-care and wellness, the demand for skin treatment products and services is expected to continue to rise 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.