Skin Treatment (Pharmacies) - Gambia

Revenue in the Skin Treatment market is projected to reach US$747.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.27%, resulting in a market volume of US$1.16m 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$0.26 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 Gambia has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in the Skin Treatment (Pharmacies) market in Gambia have shifted towards products that offer natural and organic ingredients, as consumers become more conscious about the potential side effects of synthetic chemicals. This trend is in line with the global market, where there is a growing demand for clean and sustainable beauty products. As a result, pharmacies in Gambia are stocking a wider range of natural and organic skin treatment products to cater to this changing customer preference. In addition to natural and organic products, there is also a growing demand for skin treatments that target specific skin concerns such as acne, aging, and hyperpigmentation. Customers are increasingly seeking out products that are tailored to their individual needs, and pharmacies in Gambia are responding by offering a variety of specialized skin treatment solutions. This trend is driven by the increasing awareness and education about skincare, as well as the influence of social media and beauty influencers. Another trend in the Skin Treatment (Pharmacies) market in Gambia is the rising popularity of multi-step skincare routines. Inspired by the Korean beauty trend, customers are adopting more elaborate skincare regimens that involve multiple products and steps. This trend has led to an increased demand for products such as cleansers, toners, serums, moisturizers, and masks, as customers seek to achieve a healthy and radiant complexion. Pharmacies in Gambia are capitalizing on this trend by offering a wide range of skincare products that cater to different steps in the skincare routine. Local special circumstances in Gambia also contribute to the development of the Skin Treatment (Pharmacies) market. The country's tropical climate and high humidity levels create specific skincare needs, such as the need for lightweight and non-greasy products that provide hydration without clogging the pores. Pharmacies in Gambia are aware of these local conditions and stock products that are suitable for the climate, including oil-free moisturizers, sunscreens, and mattifying primers. Underlying macroeconomic factors, such as the growing middle class and increasing disposable income, also play a role in the development of the Skin Treatment (Pharmacies) market in Gambia. As more people are able to afford skincare products, the demand for skin treatments in pharmacies is expected to continue growing. Additionally, the expanding tourism industry in Gambia attracts visitors who are interested in purchasing skincare products during their stay, further boosting the market. Overall, the Skin Treatment (Pharmacies) market in Gambia is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Pharmacies are adapting to these trends by offering a wider range of natural and specialized products, as well as catering to the specific skincare needs of the local climate. As the market continues to evolve, it presents opportunities for both local and international skincare brands to capitalize on the growing demand for skin treatments in Gambia.

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.