Skin Treatment (Pharmacies) - Bahrain

Revenue in the Skin Treatment market is projected to reach US$14.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.31%, resulting in a market volume of US$19.35m by 2029.
In global comparison, most revenue will be generated United States (US$3.32bn in 2024).
In relation to total population figures, per person revenues of US$9.51 are generated in 2024.

Definition: Skin Treatment Market
The Skin Treatment market encompasses a range of over-the-counter (OTC) natural and synthetic medical products designed for skin treatment. This category includes antibacterial preparations, agents for acne treatment, and antifungal solutions. These treatment preparations are available in various forms, such as ointments, creams, gels, pills, capsules, washing lotions, peelings, pastes, solutions, fluids, suppositories, and sprays. Both external and internal applications are covered in this market segment. It's important to note that prescription medications, products contravening state regulations, items that do not explicitly serve as skin treatment drugs (e.g., painkillers), or those primarily intended for cosmetic purposes are excluded from this definition. This market exclusively covers product sales through pharmacies.

Additional Information:
The Skin Treatment market comprises revenues, average revenue per capita and average revenue per pharmacy. 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 (Pharmacies) market in Bahrain has been experiencing steady growth in recent years. Customer preferences have shifted towards natural and organic skincare products, driving the demand for these products in the market. Additionally, the increasing awareness about the importance of skincare and the rising disposable income of consumers have also contributed to the growth of the market.

Customer preferences: Customers in Bahrain are increasingly seeking natural and organic skincare products. This trend can be attributed to the growing awareness about the harmful effects of chemicals and synthetic ingredients on the skin. Consumers are becoming more conscious about the ingredients used in skincare products and are opting for products that are free from harmful chemicals. As a result, there has been a rise in the demand for natural and organic skincare products in the market.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Bahrain is the growing popularity of anti-aging skincare products. As the population ages, there is a higher demand for products that can help reduce the signs of aging and improve the overall appearance of the skin. This trend is driven by the desire to maintain a youthful and healthy appearance, and has led to the introduction of a wide range of anti-aging skincare products in the market. Another trend in the market is the increasing focus on skincare routines and regimens. Consumers are becoming more educated about the importance of a regular skincare routine and are willing to invest in a variety of products to achieve their desired results. This trend has led to the introduction of multi-step skincare routines, with products such as cleansers, toners, serums, moisturizers, and masks being used in combination to achieve optimal skincare results.

Local special circumstances: Bahrain is a small country with a relatively small population, which means that the market for skincare products is relatively limited compared to larger countries. However, the country has a high GDP per capita and a strong economy, which has contributed to the growth of the skincare market. Additionally, Bahrain has a large expatriate population, many of whom have a higher disposable income and are willing to spend on skincare products.

Underlying macroeconomic factors: The growth of the Skin Treatment (Pharmacies) market in Bahrain is also influenced by underlying macroeconomic factors. The country has a stable political environment and a well-developed healthcare system, which has contributed to the overall growth of the market. Additionally, the government has implemented various initiatives to promote the healthcare sector, including the development of healthcare infrastructure and the provision of subsidies for healthcare services. These factors have created a favorable environment for the growth of the skincare market in Bahrain.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.