Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Western Asia is experiencing significant growth due to several key factors.
Customer preferences: Customers in Western Asia are increasingly seeking out skin treatment products from pharmacies due to the convenience and accessibility they offer. Pharmacies are often located in easily accessible locations, making it convenient for customers to purchase skin treatment products. Additionally, pharmacies often have knowledgeable staff who can provide advice and recommendations on the best products for specific skin concerns. This personalized service is highly valued by customers in Western Asia.
Trends in the market: One of the major trends in the Skin Treatment (Pharmacies) market in Western Asia is the increasing demand for natural and organic products. Customers are becoming more conscious about the ingredients used in their skincare products and are opting for products that are free from harsh chemicals and artificial additives. This trend is driven by a growing awareness of the potential harmful effects of certain ingredients on the skin and a desire for more sustainable and eco-friendly options. Another trend in the market is the rising popularity of anti-aging skincare products. As the population in Western Asia ages, there is a growing demand for products that can help combat the signs of aging such as wrinkles, fine lines, and age spots. Customers are increasingly looking for skincare products that can provide effective anti-aging benefits, such as collagen-boosting serums and hydrating creams.
Local special circumstances: One of the special circumstances in the Skin Treatment (Pharmacies) market in Western Asia is the cultural preference for lighter skin tones. In many countries in the region, fair skin is considered a beauty ideal and customers often seek out products that can help lighten their skin tone. This has led to a high demand for skin lightening creams and serums in the market.
Underlying macroeconomic factors: The growing economy in Western Asia is also contributing to the development of the Skin Treatment (Pharmacies) market. As disposable incomes rise, customers have more purchasing power to spend on skincare products. This has led to an increase in demand for higher-end and premium skincare brands. Additionally, the rise of e-commerce platforms has made it easier for customers to access a wide range of skincare products from both local and international brands. In conclusion, the Skin Treatment (Pharmacies) market in Western Asia is experiencing growth due to customer preferences for convenience and accessibility, the trend towards natural and organic products, the demand for anti-aging skincare, the cultural preference for lighter skin tones, and the growing economy in the region.
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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