Skin Treatment (Pharmacies) - Israel

Revenue in the Skin Treatment market is projected to reach US$55.65m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.79%, resulting in a market volume of US$70.31m 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$5.98 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.
For more information on the data displayed, use the info button next to the boxes.

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 Israel is experiencing steady growth due to increasing customer preferences for natural and organic skincare products, as well as the rising awareness of the importance of skincare.

Customer preferences: Customers in Israel are increasingly seeking out skincare products that are made with natural and organic ingredients. This preference for natural products is driven by the desire for healthier and more sustainable options, as well as the belief that natural ingredients are more effective in treating skin issues. Additionally, customers are becoming more conscious of the ingredients used in skincare products and are actively avoiding products that contain harsh chemicals or artificial additives.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Israel 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 overall skin health. This trend is also influenced by the increasing focus on self-care and the desire to maintain a youthful appearance. Another trend in the market is the rise of personalized skincare. Customers are now looking for products that are tailored to their specific skin concerns and needs. This trend is driven by the growing awareness that different individuals have different skin types and require different skincare solutions. Pharmacies are responding to this trend by offering a wider range of products that cater to specific skin concerns, such as acne, dryness, or sensitivity.

Local special circumstances: Israel has a unique climate, with hot and dry summers and mild winters. This climate can have a significant impact on the health and condition of the skin, leading to specific skincare needs. For example, the hot and dry weather can cause dehydration and increased oil production, which may require the use of lightweight and oil-free skincare products. Additionally, the strong sun in Israel necessitates the use of sunscreen and other sun protection products. Pharmacies in Israel often stock a wide range of skincare products that are specifically formulated to address these local climate-related skincare concerns.

Underlying macroeconomic factors: The growing Skin Treatment (Pharmacies) market in Israel can also be attributed to several underlying macroeconomic factors. Israel has a strong healthcare system and a well-developed pharmaceutical industry, which allows for the availability of a wide range of skincare products in pharmacies. Additionally, the increasing disposable income of the population enables consumers to spend more on skincare products. The government of Israel also supports the growth of the skincare industry through various initiatives and policies, which further contributes to the 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.

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.