Skin Treatment (Pharmacies) - Mexico

Revenue in the Skin Treatment market is projected to reach US$199.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.05%, resulting in a market volume of US$243.80m 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$1.54 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 Mexico has been experiencing steady growth in recent years. Customer preferences for skincare products have shifted towards natural and organic ingredients, driving the demand for skin treatment products in pharmacies. Additionally, the market is influenced by local special circumstances and underlying macroeconomic factors. Customer preferences in the Skin Treatment (Pharmacies) market in Mexico have evolved to prioritize products with natural and organic ingredients. Consumers are becoming more conscious of the potential harmful effects of synthetic chemicals in skincare products, leading them to seek out alternatives that are perceived as safer and more sustainable. This shift in preferences has created a demand for skin treatment products that are formulated with natural ingredients such as aloe vera, tea tree oil, and shea butter. Pharmacies have responded to this trend by expanding their offerings of natural and organic skincare products, catering to the growing consumer demand. Trends in the market also indicate a preference for skincare products that address specific skin concerns. Consumers are increasingly looking for targeted treatments that can address issues such as acne, dryness, and aging. This has led to the development of specialized skin treatment products that are formulated to address specific concerns. Pharmacies have capitalized on this trend by stocking a wide range of products that cater to different skin types and concerns, providing consumers with a variety of options to choose from. Local special circumstances in Mexico have also contributed to the development of the Skin Treatment (Pharmacies) market. Mexico is known for its rich cultural heritage and traditional remedies for skincare. Many consumers in Mexico still rely on traditional herbal remedies for their skincare needs, and pharmacies have recognized this demand by incorporating traditional ingredients and remedies into their product offerings. This localization strategy allows pharmacies to cater to the unique needs and preferences of the Mexican market, providing consumers with products that align with their cultural traditions. Underlying macroeconomic factors have also played a role in the development of the Skin Treatment (Pharmacies) market in Mexico. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending power. As a result, consumers have more purchasing power to invest in skincare products, driving the demand for skin treatment products in pharmacies. Additionally, the rise of e-commerce and online shopping has made it easier for consumers to access a wide range of skincare products, further fueling the growth of the market. In conclusion, the Skin Treatment (Pharmacies) market in Mexico is developing due to shifting customer preferences towards natural and organic ingredients, a demand for targeted skincare products, local special circumstances that cater to traditional remedies, and underlying macroeconomic factors such as economic growth and increased consumer spending power. Pharmacies in Mexico have recognized these trends and are adapting their product offerings to meet the evolving needs and preferences of consumers.

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.