Skin Treatment (Pharmacies) - Ukraine

Revenue in the Skin Treatment market is projected to reach US$172.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.64%, resulting in a market volume of US$238.20m 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$4.55 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 Ukraine has been experiencing significant growth in recent years. Customer preferences have shifted towards more natural and organic products, driving the demand for skincare treatments available in pharmacies. Additionally, the market has been influenced by local special circumstances and underlying macroeconomic factors. Customer preferences in the Skin Treatment (Pharmacies) market in Ukraine have been shaped by a growing awareness of the importance of skincare and a desire for products that are safe and effective. Many consumers are seeking natural and organic options, as they believe these products are better for their skin and overall health. This trend is driven by a desire for more sustainable and environmentally friendly products, as well as a preference for ingredients that are free from harmful chemicals. As a result, pharmacies in Ukraine have seen an increase in demand for skincare treatments that are made from natural and organic ingredients. In addition to customer preferences, the Skin Treatment (Pharmacies) market in Ukraine is also influenced by local special circumstances. The country has a rich tradition of herbal medicine, and many consumers have a preference for traditional remedies and treatments. This has led to a demand for skincare products that incorporate traditional ingredients and methods. Pharmacies in Ukraine have responded to this demand by offering a wide range of skincare treatments that are based on traditional remedies. Underlying macroeconomic factors have also contributed to the growth of the Skin Treatment (Pharmacies) market in Ukraine. The country has experienced a period of economic stability and growth, which has increased disposable incomes and consumer spending power. As a result, consumers are more willing to invest in skincare treatments and are seeking out high-quality products that deliver results. Pharmacies in Ukraine have capitalized on this trend by expanding their skincare offerings and providing a range of premium products to meet the demands of the growing market. In conclusion, the Skin Treatment (Pharmacies) market in Ukraine is developing in response to customer preferences for natural and organic products, local special circumstances that favor traditional remedies, and underlying macroeconomic factors that have increased consumer spending power. Pharmacies in Ukraine have adapted to these trends by offering a wide range of skincare treatments that cater to the specific needs and preferences of the market. As the market continues to grow, it is likely that pharmacies will continue to innovate and expand their skincare offerings to meet the evolving demands of Ukrainian 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.