Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in North Macedonia has experienced significant growth in recent years, driven by changing customer preferences and a number of local special circumstances. Customer preferences in the Skin Treatment (Pharmacies) market have shifted towards more natural and organic products, as consumers become more conscious of the ingredients in their skincare products. This trend is not unique to North Macedonia, but is part of a global movement towards cleaner and more sustainable beauty products. As a result, there has been an increased demand for skincare products that are free from harmful chemicals and artificial additives. In addition, consumers in North Macedonia are increasingly seeking out products that address specific skin concerns, such as acne, aging, and hyperpigmentation. This has led to a rise in the popularity of targeted skincare treatments, such as serums and masks, which are formulated to address specific skin issues. Another factor driving the growth of the Skin Treatment (Pharmacies) market in North Macedonia is the increasing consumer awareness and education about skincare. With the rise of social media and beauty influencers, consumers have access to a wealth of information about skincare products and routines. This has led to a more informed consumer base that is willing to invest in high-quality skincare products. Local special circumstances in North Macedonia have also contributed to the growth of the Skin Treatment (Pharmacies) market. The country has a well-established pharmaceutical industry, with a number of local and international companies operating in the market. This has led to a wide range of skincare products being available in pharmacies across the country, making it convenient for consumers to access and purchase these products. Additionally, the affordability of skincare products in North Macedonia has also played a role in the market's growth. Compared to other countries in the region, skincare products in North Macedonia are relatively affordable, making them accessible to a wider range of consumers. Underlying macroeconomic factors, such as a growing middle class and increasing disposable income, have also contributed to the growth of the Skin Treatment (Pharmacies) market in North Macedonia. As the economy continues to improve, consumers have more purchasing power and are willing to spend more on skincare products. Overall, the Skin Treatment (Pharmacies) market in North Macedonia is expected to continue growing in the coming years, driven by changing customer preferences, local special circumstances, and underlying macroeconomic factors. With the increasing demand for natural and targeted skincare products, as well as the availability and affordability of these products, the market is likely to see further expansion.
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.
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