Skin Treatment - Southeast Asia | Statista Market Forecast

In Southeast Asia, the revenue generated in the Skin Treatment market market is projected to reach US$845.70m in 2024.
It is anticipated that the market will experience an annual growth rate of 8.56% (CAGR 2024-2029).
When compared to other countries worldwide, the United States leads in terms of revenue generation, with an estimated amount of US$4.18bn in 2024.
Taking into account the total population figures, the per person revenues in Southeast Asia are estimated to be US$1.22 in 2024.
In Southeast Asia, the skin treatment market is growing rapidly, with a strong demand for natural and organic 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 Southeast Asia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory.Customer preferences in Southeast Asia are driving the growth of the Skin Treatment market. Consumers in this region are increasingly focused on skincare and are willing to invest in products and treatments that can help them achieve healthy and radiant skin. The desire for a youthful appearance and the influence of social media and beauty influencers are also shaping customer preferences in this market.Trends in the Skin Treatment market in Southeast Asia are also playing a role in its development. One notable trend is the rising popularity of natural and organic skincare products. Consumers are becoming more conscious of the ingredients they put on their skin and are seeking out products that are free from harmful chemicals. This trend is driving the demand for natural and organic skincare brands in the region.Another trend in the market is the growing popularity of non-invasive and minimally invasive skin treatments. Consumers are increasingly opting for treatments such as laser therapy, chemical peels, and microdermabrasion, which offer effective results without the need for surgery or extensive downtime. This trend is driven by the desire for quick and convenient solutions to skincare concerns.Local special circumstances in Southeast Asia are also contributing to the growth of the Skin Treatment market. The region has a large and growing middle class population with increasing disposable income. This allows consumers to allocate more of their budget to skincare products and treatments. Additionally, the warm and humid climate in Southeast Asia creates specific skincare concerns such as oiliness and sun damage, which drives the demand for specialized skincare products and treatments.Underlying macroeconomic factors are also supporting the development of the Skin Treatment market in Southeast Asia. The region has been experiencing steady economic growth, which has led to an increase in consumer spending power. Additionally, the rise of the middle class in Southeast Asia has created a larger customer base for skincare products and treatments. The region's growing tourism industry is also contributing to the market's growth, as tourists often seek out skincare treatments during their travels.In conclusion, the Skin Treatment market in Southeast Asia is thriving due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers in the region become more focused on skincare and invest in products and treatments, the market is expected to continue its positive trajectory.

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.