Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Iran

Iran

Revenue in the Skin Treatment market is projected to reach US$76.43m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.50%, resulting in a market volume of US$95.24m by 2029.
In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
In relation to total population figures, per person revenues of US$0.85 are generated in 2024.

Key regions: Germany, Europe, South Korea, France, China

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Analyst Opinion

The Skin Treatment (Pharmacies) market in Iran has been experiencing significant growth in recent years. Customer preferences for skincare products have shifted towards more natural and organic options, leading to an increased demand for these types of products in pharmacies. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in the Skin Treatment (Pharmacies) market in Iran have been influenced by a growing awareness of the potential harmful effects of synthetic ingredients in skincare products. Consumers are becoming more conscious of the ingredients they are putting on their skin and are opting for products that are free from harsh chemicals. This has led to a rise in demand for natural and organic skincare products, which are often available in pharmacies. Another trend in the market is the increasing popularity of skincare routines and regimens. Consumers are becoming more educated about the importance of proper skincare and are willing to invest in products that can help address their specific skin concerns. This has led to a greater demand for specialized skincare products, such as anti-aging creams, acne treatments, and moisturizers. Local special circumstances in Iran, such as the availability of traditional herbal remedies, have also influenced the development of the Skin Treatment (Pharmacies) market. Iranian culture has a long history of using natural ingredients for skincare, and this tradition is still prevalent today. Many pharmacies in Iran offer a wide range of herbal and traditional skincare products, which cater to the preferences of local consumers. Underlying macroeconomic factors have also played a role in the growth of the Skin Treatment (Pharmacies) market in Iran. The country has experienced economic growth in recent years, leading to an increase in disposable income among consumers. This has allowed consumers to spend more on skincare products and has contributed to the overall growth of the market. In conclusion, the Skin Treatment (Pharmacies) market in Iran has been developing due to customer preferences for natural and organic skincare products, the popularity of skincare routines, local special circumstances such as the availability of traditional herbal remedies, and underlying macroeconomic factors such as increased disposable income. These factors have created a favorable environment for the growth of the market and are likely to continue driving its development in the future.

Methodology

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.