Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in GCC is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the GCC region have shifted towards a greater focus on skincare and overall wellness. Consumers are becoming more aware of the importance of maintaining healthy skin and are seeking out products that can address their specific concerns. This has led to an increased demand for skin treatment products in pharmacies, as they offer a convenient and accessible way to purchase these items. Trends in the market reflect this growing demand for skin treatment products. Pharmacies in the GCC region are expanding their offerings to include a wider range of skincare brands and products. This includes not only traditional skincare products such as moisturizers and cleansers, but also more specialized treatments like anti-aging creams and acne solutions. Pharmacies are also investing in knowledgeable staff who can provide personalized recommendations and advice to customers, further enhancing the shopping experience. Local special circumstances in the GCC region also contribute to the development of the skin treatment market. The hot and dry climate in many parts of the region can be harsh on the skin, leading to increased concerns such as dryness, sun damage, and premature aging. This creates a greater need for effective skin treatment products that can address these specific issues. Additionally, the cultural emphasis on beauty and grooming in the GCC region further drives the demand for skincare products. Underlying macroeconomic factors also play a role in the growth of the skin treatment market in the GCC. The region has experienced steady economic growth in recent years, resulting in an increase in disposable income. This allows consumers to allocate more of their budget towards skincare and wellness products. Furthermore, the GCC region has a young and growing population, which contributes to the overall demand for skincare products. In conclusion, the Skin Treatment (Pharmacies) market in GCC is developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing focus on skincare and wellness, expansion of product offerings in pharmacies, the harsh climate in the region, cultural emphasis on beauty, and favorable macroeconomic conditions all contribute to the growth and development of the market.
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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