Skin Treatment - Portugal | Statista Market Forecast

In Portugal, the revenue in the Skin Treatment market market reaches US$66.65m in 2024.
It is projected to experience an annual growth rate of 4.96% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in this market, amounting to US$4.18bn in 2024.
On a per person basis, the revenue generated in Portugal amounts to US$6.52 in 2024.
Portugal has seen a surge in demand for natural and organic skin treatments, reflecting a growing consumer preference for sustainable and eco-friendly products.

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 Portugal has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Skin Treatment market in Portugal have shifted towards natural and organic products, as consumers become more conscious of the ingredients they use on their skin. This preference for natural products is a global trend, driven by increasing awareness of the potential harmful effects of synthetic ingredients. Customers in Portugal are also seeking products that address specific skin concerns, such as aging, acne, and hyperpigmentation. This has led to a rise in demand for targeted skincare solutions, including serums, masks, and treatments.Trends in the market indicate a growing interest in personalized skincare solutions. Customers are looking for products that are tailored to their specific skin type and concerns. This has led to the rise of brands offering customizable skincare regimens, where customers can choose the products that best suit their needs. Additionally, the use of technology in skincare has gained popularity, with devices such as facial cleansing brushes and light therapy devices becoming more common. These trends reflect a desire for more personalized and effective skincare solutions.Local special circumstances in Portugal, such as the country's sunny climate and high tourism rate, have contributed to the growth of the Skin Treatment market. The sun exposure in Portugal has led to an increased awareness of the importance of sun protection and the need for products that can repair and protect the skin from damage. The country's tourism industry has also played a role in the market's development, as tourists from around the world bring their skincare preferences and demand for specific products to Portugal. This has created a diverse market with a wide range of skincare options available.Underlying macroeconomic factors, such as increasing disposable income and a growing middle class, have also contributed to the growth of the Skin Treatment market in Portugal. As consumers have more money to spend on discretionary items, they are willing to invest in high-quality skincare products. The growing middle class is also driving demand for premium and luxury skincare brands, as consumers seek products that offer superior quality and efficacy.In conclusion, the Skin Treatment market in Portugal is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards natural and organic products, the demand for personalized skincare solutions, and the country's sunny climate and high tourism rate are all contributing to the market's development. With increasing disposable income and a growing middle class, the demand for skincare products is expected to continue to rise in Portugal.

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 pharmaceutical industry is responsible for the research, development, production, and distribution of medications. The market has experienced significant growth during the past two decades, and pharma revenues worldwide totaled 1.48 trillion U.S. dollars in 2022.