Market Insights Health Pharmacies OTC Products

Skin Treatment (Pharmacies) - Denmark

Denmark

Revenue in the Skin Treatment market is projected to reach US$9.85m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.56%, resulting in a market volume of US$12.23m by 2028.
In global comparison, most revenue will be generated in the United States (US$3,319.00m in 2024).
In relation to total population figures, per person revenues of US$1.66 are generated in 2024.

Key regions: Canada, United States, France, Europe, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

The Skin Treatment (Pharmacies) market in Denmark has been experiencing steady growth in recent years.

Customer preferences: Danish consumers have shown a growing interest in skincare and are increasingly seeking out effective skin treatment products. This can be attributed to several factors, including a greater awareness of the importance of skincare and the desire to maintain a youthful appearance. Additionally, the Danish population is aging, which has led to an increased demand for anti-aging products and treatments.

Trends in the market: One of the key trends in the Danish Skin Treatment (Pharmacies) market is the growing popularity of natural and organic skincare products. Danish consumers are becoming more conscious of the ingredients used in their skincare products and are actively seeking out products that are free from harmful chemicals. This trend is in line with the global shift towards natural and organic skincare, as consumers become more aware of the potential health risks associated with synthetic ingredients. Another trend in the market is the rise of online sales. Danish consumers are increasingly turning to online platforms to purchase their skincare products, due to the convenience and wide range of options available. This has led to an increase in competition among online retailers, as they strive to offer competitive prices and a seamless shopping experience.

Local special circumstances: Denmark has a well-developed healthcare system, which includes a strong network of pharmacies. This has made it easy for Danish consumers to access skin treatment products, as pharmacies are readily available throughout the country. Additionally, Danish pharmacies are known for their knowledgeable staff, who can provide expert advice and recommendations to customers. This has helped to build trust and loyalty among Danish consumers.

Underlying macroeconomic factors: Denmark has a stable economy with a high standard of living, which has contributed to the growth of the Skin Treatment (Pharmacies) market. Danish consumers have a relatively high disposable income, which allows them to spend more on skincare products. Additionally, Denmark has a strong culture of self-care and wellness, which has further fueled the demand for skin treatment products. In conclusion, the Skin Treatment (Pharmacies) market in Denmark is growing due to increasing customer preferences for skincare products, including natural and organic options. The market is also being driven by the rise of online sales and the availability of skin treatment products in pharmacies. The stable economy and high standard of living in Denmark have contributed to the growth of the market, as Danish consumers have the means to invest in skincare.

Methodology

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.