Key regions: Canada, United States, France, Europe, United Kingdom
The Skin Treatment (Pharmacies) market in Bahrain has been experiencing steady growth in recent years. Customer preferences have shifted towards natural and organic skincare products, driving the demand for these products in the market. Additionally, the increasing awareness about the importance of skincare and the rising disposable income of consumers have also contributed to the growth of the market.
Customer preferences: Customers in Bahrain are increasingly seeking natural and organic skincare products. This trend can be attributed to the growing awareness about the harmful effects of chemicals and synthetic ingredients on the skin. Consumers are becoming more conscious about the ingredients used in skincare products and are opting for products that are free from harmful chemicals. As a result, there has been a rise in the demand for natural and organic skincare products in the market.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Bahrain is the growing popularity of anti-aging skincare products. As the population ages, there is a higher demand for products that can help reduce the signs of aging and improve the overall appearance of the skin. This trend is driven by the desire to maintain a youthful and healthy appearance, and has led to the introduction of a wide range of anti-aging skincare products in the market. Another trend in the market is the increasing focus on skincare routines and regimens. Consumers are becoming more educated about the importance of a regular skincare routine and are willing to invest in a variety of products to achieve their desired results. This trend has led to the introduction of multi-step skincare routines, with products such as cleansers, toners, serums, moisturizers, and masks being used in combination to achieve optimal skincare results.
Local special circumstances: Bahrain is a small country with a relatively small population, which means that the market for skincare products is relatively limited compared to larger countries. However, the country has a high GDP per capita and a strong economy, which has contributed to the growth of the skincare market. Additionally, Bahrain has a large expatriate population, many of whom have a higher disposable income and are willing to spend on skincare products.
Underlying macroeconomic factors: The growth of the Skin Treatment (Pharmacies) market in Bahrain is also influenced by underlying macroeconomic factors. The country has a stable political environment and a well-developed healthcare system, which has contributed to the overall growth of the market. Additionally, the government has implemented various initiatives to promote the healthcare sector, including the development of healthcare infrastructure and the provision of subsidies for healthcare services. These factors have created a favorable environment for the growth of the skincare market in Bahrain.
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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