Why Is Dermacosmetics Market Booming?

By Author: Pramod Kumar
Total Articles: 97
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Furthermore, the market will exhibit a CAGR of 7.3% from 2020 to 2030 (forecast period), as per the estimates of the market research firm, P&S Intelligence. The market is being driven by the increasing purchasing power of people, growing focus of people on their looks and appearance, rising incidence of skin diseases, and soaring number of dermacosmetic conferences around the world.

The high incidence of these skin diseases is fueling the demand for dermacosmetics. Apart from this factor, the growing propensity of people for spending in order to improve their looks and appearance is also propelling the expansion of the dermacosmetics market. Moreover, with the rising public awareness about skincare, people of various age groups are increasingly focusing on reducing acne, brightening their skin, reducing the signs of ageing, and improving their appearance, which is subsequently pushing up the requirement for dermacosmetics.

Between these, the skincare category contributed higher revenue to the market in 2020 and this trend is predicted to continue in the coming years as well. This will be because of the availability ...
... of various skincare products for skin whitening, acne treatment, spot removal, anti-ageing, and several other applications. The market is also categorized, based on treatment, into hair and skin. Of these, the skin category generated higher revenue in 2020.

This is attributed to the higher incidence of skin ailments such as dullness, ageing, fine lines, dual skin tone, and acne and the surging availability of various treatment options for them. Across the globe, Europe dominated the dermacosmetics market in 2020, and it is predicted to exhibit huge expansion in the upcoming years as well. This is ascribed to the growing incidence of skin diseases and soaring requirement for dermacosmetics in the region.

Thus, it can be safely said that the market will grow sharply in the coming years, primarily because of the rising incidence of skin diseases and the increasing purchasing power of people all over the world.

Browse In-depth Dermacosmetics Market Growth Forecast Report@ https://www.psmarketresearch.com/market-analysis/dermacosmetics-market

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.