Key regions: Canada, United States, France, Europe, United Kingdom
The Skin Treatment (Pharmacies) market in EU-27 is experiencing significant growth and development due to various factors.
Customer preferences: Customers in the EU-27 region are increasingly seeking out skin treatment products from pharmacies. This can be attributed to the convenience and accessibility of pharmacies, as well as the trust that customers place in these establishments. Pharmacies are seen as reliable sources of healthcare products, and customers often turn to them for advice and recommendations. Additionally, customers in the EU-27 region are becoming more conscious about their skin health and are actively seeking out products that can address their specific concerns.
Trends in the market: One major trend in the Skin Treatment (Pharmacies) market in the EU-27 is the increasing demand for natural and organic products. Customers are becoming more aware of the potential harmful effects of certain chemicals and are opting for products that are made from natural and organic ingredients. This trend is driven by a growing preference for sustainable and eco-friendly products, as well as a desire for products that are gentle on the skin. Another trend in the market is the rise of anti-aging products. As the population in the EU-27 region ages, there is a growing demand for products that can help combat the signs of aging. Customers are looking for products that can reduce wrinkles, improve skin elasticity, and provide overall rejuvenation. This trend is driven by a desire to maintain a youthful appearance and to address the specific skin concerns that come with aging.
Local special circumstances: Each country in the EU-27 region has its own unique characteristics and preferences when it comes to skin treatment products. For example, countries in Northern Europe may have a higher demand for moisturizing products due to the colder climate, while countries in Southern Europe may have a higher demand for sun protection products due to the warmer climate. Additionally, cultural preferences and beauty standards can also influence customer preferences in each country.
Underlying macroeconomic factors: The growing Skin Treatment (Pharmacies) market in the EU-27 is also influenced by underlying macroeconomic factors. Factors such as increasing disposable income, urbanization, and changing lifestyles contribute to the growth of the market. As people have more disposable income, they are more willing to spend on skincare products. Urbanization also plays a role, as people in urban areas are more likely to have access to pharmacies and a wider range of products. Changing lifestyles, such as increased stress levels and exposure to pollution, can also drive the demand for skin treatment products. In conclusion, the Skin Treatment (Pharmacies) market in the EU-27 is developing due to customer preferences for accessible and reliable sources of skincare products, trends such as the demand for natural and anti-aging products, local special circumstances in each country, and underlying macroeconomic factors such as increasing disposable income and changing lifestyles. This market is expected to continue growing as customers prioritize their skin health and seek out products that can address their specific concerns.
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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