Skin Treatment (Pharmacies) - Tanzania

Revenue in the Skin Treatment market is projected to reach US$17.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.73%, resulting in a market volume of US$27.19m 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$0.25 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.
For more information on the data displayed, use the info button next to the boxes.

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 Tanzania is experiencing significant growth due to several factors.

Customer preferences: Customers in Tanzania have shown a growing interest in skin treatment products available at pharmacies. This can be attributed to the increasing awareness about skincare and the desire to maintain a healthy and youthful appearance. With the rise of social media and beauty influencers, there is a growing emphasis on skincare routines and the use of specific products to address various skin concerns. Customers are seeking out products that are effective, affordable, and easily accessible, which makes pharmacies an ideal destination for their skincare needs.

Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Tanzania is the demand for natural and organic products. Customers are becoming more conscious of the ingredients used in skincare products and are opting for those that are free from harmful chemicals. This trend is driven by the global movement towards clean beauty and the desire for sustainable and eco-friendly options. Pharmacies in Tanzania are responding to this trend by stocking a wide range of natural and organic skincare products to cater to the growing demand. Another trend in the market is the increasing popularity of multi-step skincare routines. Customers are adopting the Korean skincare approach, which involves using multiple products in a specific order to achieve optimal results. This trend has led to an increased demand for a variety of skincare products such as cleansers, toners, serums, moisturizers, and masks. Pharmacies in Tanzania are expanding their skincare product offerings to meet this demand and are providing customers with a wide range of options to choose from.

Local special circumstances: Tanzania is a country with a diverse population, and different ethnicities have unique skincare needs. This has led to a demand for products that cater to specific skin types and concerns. Pharmacies in Tanzania are recognizing this need and are stocking a variety of products that address different skin concerns such as acne, hyperpigmentation, and dryness. Additionally, the country's hot and humid climate necessitates the use of products that provide protection from the sun and hydration for the skin.

Underlying macroeconomic factors: The growing middle class in Tanzania is contributing to the growth of the Skin Treatment (Pharmacies) market. As disposable incomes rise, more people are able to afford skincare products and are willing to invest in their personal grooming and appearance. Additionally, the increasing urbanization in the country has led to a higher demand for skincare products, as urban dwellers are more exposed to pollution and environmental factors that can affect the skin. In conclusion, the Skin Treatment (Pharmacies) market in Tanzania is experiencing growth due to the increasing customer preferences for natural and organic products, the adoption of multi-step skincare routines, and the demand for products that cater to specific skin types and concerns. The underlying macroeconomic factors, such as the growing middle class and urbanization, are also contributing to the market's development. Pharmacies in Tanzania are adapting to these trends and special circumstances by expanding their product offerings and providing customers with a wide range of skincare options.

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.