Skin Treatment (Pharmacies) - Niger

Revenue in the Skin Treatment market is projected to reach US$6.54m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.34%, resulting in a market volume of US$8.48m 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$0.23 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 Niger has been experiencing significant growth in recent years.

Customer preferences: Customers in Niger have shown a growing interest in skin treatment products available in pharmacies. This can be attributed to a number of factors, including increasing awareness about skincare and the desire to maintain a healthy and youthful appearance. Additionally, the availability of a wide range of skin treatment products in pharmacies has made it convenient for customers to access these products.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Niger is the increasing demand for natural and organic skincare products. Customers are becoming more conscious about the ingredients used in skincare products and are opting for products that are free from harmful chemicals. This trend is in line with the global shift towards natural and organic skincare products. Another trend in the market is the rising popularity of anti-aging skincare products. As the population in Niger ages, there is an increasing demand for products that can help reduce the signs of aging and promote youthful skin. This trend is also driven by the influence of social media and the desire to achieve a flawless complexion.

Local special circumstances: Niger is a country with a predominantly young population. This demographic factor plays a significant role in the growth of the Skin Treatment (Pharmacies) market. Younger customers are more likely to invest in skincare products to maintain their skin's health and appearance. Additionally, the hot climate in Niger also contributes to the demand for skincare products, as customers seek products that can protect their skin from the harsh sun and dry weather.

Underlying macroeconomic factors: The growing economy of Niger has resulted in an increase in disposable income among its population. This has allowed customers to spend more on skincare products, including those available in pharmacies. Additionally, the expansion of the retail sector in Niger has made it easier for customers to access a wide range of skincare products, further fueling the growth of the Skin Treatment (Pharmacies) market. In conclusion, the Skin Treatment (Pharmacies) market in Niger is experiencing growth due to customer preferences for natural and anti-aging skincare products, as well as the country's young population and growing economy. The market is expected to continue to expand as customers become more conscious about skincare and have the means to invest in these products.

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.