Skin Treatment - Saudi Arabia | Statista Market Forecast

In Saudi Arabia, the revenue in the Skin Treatment market market is projected to reach US$68.24m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.97% (CAGR 2024-2029).
When compared to other countries, the United States generates the highest revenue in this market, amounting to US$4.18bn in 2024.
Considering the total population, per person revenues of US$1.82 are generated in Saudi Arabia in 2024.
Saudi Arabia is experiencing a surge in 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 Saudi Arabia has been experiencing significant growth in recent years.

Customer preferences: Saudi Arabian consumers have become increasingly concerned about their skin health and appearance, leading to a growing demand for skin treatment products and services. The desire for youthful and flawless skin has driven consumers to seek out various skin treatments, such as facials, chemical peels, and laser therapies. Additionally, there is a growing interest in natural and organic skincare products, as consumers become more conscious of the ingredients used in their skincare routines.

Trends in the market: One of the key trends in the Saudi Arabian skin treatment market is the rising popularity of non-invasive procedures. Consumers are gravitating towards treatments that do not require surgery or extensive downtime, such as microdermabrasion and dermal fillers. These procedures offer quick results with minimal discomfort, appealing to the busy lifestyles of Saudi Arabian consumers.Another trend in the market is the increasing demand for personalized skincare solutions. Consumers are seeking customized treatments and products that cater to their specific skin concerns. This trend has led to the rise of skincare clinics and salons that offer personalized consultations and tailor-made skincare regimens.

Local special circumstances: Saudi Arabia has a hot and arid climate, which can have a significant impact on the skin. The harsh environmental conditions, coupled with cultural factors that often require women to cover their skin, create a unique set of challenges for skincare. As a result, there is a strong demand for moisturizing and hydrating products that can combat dryness and maintain healthy skin.

Underlying macroeconomic factors: The growing economy of Saudi Arabia has played a crucial role in the development of the skin treatment market. As disposable incomes increase, consumers have more purchasing power to invest in skincare products and services. Additionally, the government's initiatives to promote tourism and attract foreign investment have contributed to the growth of the market, as tourists and expatriates often seek out skin treatment services during their stay in the country.In conclusion, the Skin Treatment market in Saudi Arabia is experiencing significant growth due to the increasing consumer demand for skincare products and services. The trends of non-invasive procedures and personalized skincare solutions are driving the market forward. The unique climate and cultural factors in Saudi Arabia also contribute to the demand for specific skincare products. The country's growing economy and government initiatives further support the expansion of the market.

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.