Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Sweden

Sweden

Revenue in the Skin Treatment market is projected to reach US$62.92m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.95%, resulting in a market volume of US$76.35m by 2029.
In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
In relation to total population figures, per person revenues of US$5.90 are generated in 2024.

Key regions: Germany, Europe, South Korea, France, China

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Analyst Opinion

The Skin Treatment (Pharmacies) market in Sweden has been experiencing steady growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Skin Treatment (Pharmacies) market in Sweden have been shifting towards natural and organic products. Consumers are becoming increasingly conscious of the ingredients used in skincare products and are seeking out options that are free from harmful chemicals. This preference for natural and organic products is in line with global trends, as consumers worldwide are becoming more health-conscious and environmentally aware. Trends in the market also indicate a growing demand for skincare products that target specific skin concerns. Swedish consumers are looking for solutions to address issues such as acne, dryness, and aging. This trend can be attributed to the increasing awareness and knowledge about skincare routines and the availability of a wide range of products that cater to different skin types and concerns. Local special circumstances in Sweden have played a role in the development of the Skin Treatment (Pharmacies) market. The country has a high standard of living and a well-established healthcare system. This has resulted in a population that is well-informed about skincare and willing to invest in high-quality products. Additionally, Sweden has a strong emphasis on sustainability and eco-friendly practices, which has influenced consumer preferences in the skincare market. Underlying macroeconomic factors have also contributed to the growth of the Skin Treatment (Pharmacies) market in Sweden. The country has a stable economy with a high level of disposable income. This allows consumers to allocate a significant portion of their budget towards skincare products. Furthermore, the aging population in Sweden has created a demand for anti-aging skincare products, driving market growth. In conclusion, the Skin Treatment (Pharmacies) market in Sweden is developing due to customer preferences for natural and organic products, the trend towards targeted skincare solutions, local special circumstances such as a well-informed population and emphasis on sustainability, and underlying macroeconomic factors including a stable economy and aging population. These factors have contributed to the steady growth of the market in recent years.

Methodology

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.