Key regions: Canada, United States, France, Europe, United Kingdom
The Skin Treatment (Pharmacies) market in Eastern Asia is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Eastern Asia are shifting towards a greater focus on skincare and overall wellness. Consumers are becoming more aware of the importance of maintaining healthy skin and are seeking products that can address specific concerns such as acne, aging, and pigmentation. This has led to an increased demand for skin treatment products in pharmacies, as customers trust these outlets for their expertise and product selection. Trends in the market indicate a growing interest in natural and organic skincare products. Consumers are becoming more conscious of the ingredients used in skincare products and are opting for those that are free from harmful chemicals. This has prompted pharmacies in Eastern Asia to expand their range of natural and organic skincare brands to cater to this demand. Another trend in the market is the rise of online shopping for skincare products. With the increasing popularity of e-commerce platforms, customers are now able to conveniently purchase their favorite skin treatment products online. This has led to a shift in the distribution channels of skincare products, with pharmacies in Eastern Asia adapting to this trend by establishing their online presence and offering home delivery services. Local special circumstances in Eastern Asia also contribute to the development of the skin treatment market. For example, countries like South Korea and Japan are known for their advanced skincare routines and innovative products. This has influenced consumer preferences in the region, with customers seeking out skincare products that are endorsed by these countries. Underlying macroeconomic factors such as rising disposable incomes and urbanization also play a role in the growth of the skin treatment market in Eastern Asia. As more individuals become financially capable, they are willing to invest in high-quality skincare products to improve their appearance and overall well-being. Additionally, the increasing urban population in the region has led to a higher demand for skincare products, as individuals are exposed to environmental pollutants and stressors that can negatively impact their skin. In conclusion, the Skin Treatment (Pharmacies) market in Eastern Asia is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. With a focus on skincare and overall wellness, customers are seeking out skin treatment products that address specific concerns and are made from natural and organic ingredients. The rise of online shopping and the influence of countries known for their advanced skincare routines also contribute to the growth of the market. Additionally, factors such as rising disposable incomes and urbanization play a role in driving the demand for skin treatment products in Eastern Asia.
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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