Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Australia has been experiencing significant growth in recent years, driven by changing customer preferences and trends in the market.
Customer preferences: Customers in Australia are increasingly seeking out skin treatment products in pharmacies due to the convenience and accessibility they offer. Pharmacies are easily accessible to the general public and provide a wide range of skincare products, making them a popular choice for consumers. Additionally, customers value the expert advice and guidance they can receive from pharmacists, who are knowledgeable about different skin types and conditions. This personalized service sets pharmacies apart from other retail channels and appeals to customers who are looking for tailored skincare solutions.
Trends in the market: One of the key trends in the Australian skin treatment market is the growing demand for natural and organic products. Consumers are becoming more conscious of the ingredients used in skincare products and are seeking out products that are free from harmful chemicals and additives. This trend is driving the development of new natural and organic skincare brands, which are gaining popularity in pharmacies across the country. Another trend in the market is the increasing focus on anti-aging skincare products. As the population in Australia ages, there is a growing demand for products that can help reduce the signs of aging and improve overall skin health. Pharmacies are responding to this trend by expanding their range of anti-aging products and offering specialized skincare treatments.
Local special circumstances: Australia's harsh climate and high levels of sun exposure have a significant impact on the skin. This has led to a strong emphasis on sun protection and skincare in the country. Australians are well aware of the risks of sun damage and are proactive in protecting their skin. This has created a demand for skincare products that offer high levels of sun protection and are suitable for the Australian climate. Pharmacies are well-positioned to cater to this demand and offer a wide range of sun protection products to customers.
Underlying macroeconomic factors: The strong growth in the Australian skin treatment market can also be attributed to underlying macroeconomic factors. Australia has a strong economy and a high standard of living, which allows consumers to spend more on personal care products. Additionally, the country has a well-developed healthcare system, which includes a network of pharmacies that are easily accessible to the general public. This infrastructure supports the growth of the skin treatment market in Australia. In conclusion, the Skin Treatment (Pharmacies) market in Australia is experiencing growth due to changing customer preferences, including a preference for natural and organic products and a focus on anti-aging skincare. The local special circumstances, such as Australia's harsh climate and high levels of sun exposure, also contribute to the growth of the market. Finally, underlying macroeconomic factors, such as a strong economy and a well-developed healthcare system, support the expansion of the skin treatment market in Australia.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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