Skin Treatment (Pharmacies) - Lebanon

Revenue in the Skin Treatment market is projected to reach US$13.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.39%, resulting in a market volume of US$16.27m 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$2.52 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 Lebanon has been experiencing steady growth in recent years.

Customer preferences: Lebanese consumers have shown a growing interest in skincare and beauty products, leading to an increased demand for skin treatment products in pharmacies. This can be attributed to several factors, including the rising awareness of the importance of skincare and the influence of social media in promoting beauty trends. Lebanese consumers are becoming more conscious of their appearance and are willing to invest in high-quality skincare products to achieve healthy and radiant skin.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Lebanon is the growing popularity of natural and organic skincare products. Consumers are increasingly seeking products that are free from harmful chemicals and artificial ingredients. This trend is driven by the desire for a more sustainable and eco-friendly lifestyle, as well as concerns about potential side effects of synthetic ingredients. As a result, pharmacies in Lebanon are stocking a wider range of natural and organic skincare brands to cater to this growing demand. Another trend in the market is the increasing focus on anti-aging skincare products. Lebanon has a relatively mature population, with a significant proportion of the population aged 40 and above. This demographic group is particularly interested in skincare products that can help reduce the signs of aging and maintain youthful-looking skin. Pharmacies are responding to this demand by offering a variety of anti-aging skincare products, including serums, creams, and masks that target specific skin concerns such as wrinkles and fine lines.

Local special circumstances: Lebanon is known for its vibrant beauty industry, with a wide range of local and international skincare brands available in the market. This creates a competitive environment for pharmacies, as they need to differentiate themselves by offering unique products and personalized services. Many pharmacies in Lebanon have established partnerships with dermatologists and skincare experts to provide professional advice and recommendations to customers. This personalized approach helps build customer trust and loyalty, leading to repeat purchases and word-of-mouth referrals.

Underlying macroeconomic factors: The growth of the Skin Treatment (Pharmacies) market in Lebanon is also influenced by macroeconomic factors. Despite the challenging economic situation in the country, skincare products are considered essential by many consumers and are not easily substituted. Additionally, the Lebanese population has a relatively high disposable income compared to other countries in the region, allowing them to spend more on skincare products. However, the recent economic crisis has led to some price sensitivity among consumers, prompting pharmacies to offer more affordable options and promotional discounts to attract customers. In conclusion, the Skin Treatment (Pharmacies) market in Lebanon is developing due to increasing customer preferences for natural and organic skincare products, as well as a growing demand for anti-aging solutions. Pharmacies in Lebanon are adapting to these trends by offering a wide range of products and personalized services. Despite the challenging economic situation, the skincare market in Lebanon remains resilient due to the essential nature of these products and the relatively high disposable income of the population.

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.