Dermocosmetics Market Report

Acne, rosacea, cancers, dermatitis and hyperpigmentation are the most common skin disorders which affect the patient causing distress and impact quality of life. Thus, dermocosmetic experts are working on developing new formulation which are efficacious and provide long-lasting results, leading to growth of dermocometics market. Addition of artificial intelligence (AI) and production of personalized products opens new avenues for both dermatologists and consumers to analyse skin conditions. Another factor accelerating dermocosmetic market is rising prevalence of skin conditions globally due to unhealthy lifestyles of an individual. Apart from this, due to the surge in cosmetic surgery among consumers, the demand for post-care dermocosmetics products is increasing for faster healing and improvement of appearance.

As cosmetics and aesthetic medicines are closely linked, biotechnology-derived ingredients, such as hyaluronic acid, kojic acid, resveratrol, peptides and some other enzymes are used to manufacture skin anti-ageing products. Ultra Violet Radicals (UVR) effects include DNA damage, sunburn, phototoxic, photoallergic reactions and suppression of immune system. To prevent UV-induced damage, cosmetic and dermatology experts recommend the use of sunscreen, such recommendations about product surges awareness among consumers and contributes to expansion of market. E-commerce includes support for selecting and delivering orders from a wide range of products. The description of product details acts as a key factor that pushes customers to purchase. Leading manufacturers must launch personalized skincare & hair care products to meet special consumer needs.

Educating consumers about the benefits of dermocosmetics can be challenging in order to reduce the diverse effects of dermocoasmetics. For specific skin types, prolonged usage of dermocosmetics may cause skin allergies and affect the immune system of an individual. Dermocosmetic products are used as cosmetics and pharmaceuticals, thus regulatory compliance is a challenge to ensure safety of consumer. Improper guidance for the use of these products may cause other health conditions such as hair-fall or hair loss, and allergies. Hence, lack of expert opinion and instructions may cause more harm to skin and hair. To develop efficacious and advanced dermocosmetic products, research and development processes may costs higher. Sometimes securing a stable supply chain for high-quality raw materials, particularly derived from natural or biotechnological ingredients can be a major challenge for companies to develop effective products. The expenses of clinical trials to formulation testing can be high which may create pressure of cost on small companies or start-ups entering the dermocosmetics market. Similarly, due to high cost in testing process at industrial level results in high cost of dermo cosmetic products which can hinder the adoption of products by consumers. As a result, manufacturers must balance product effectiveness and affordability to cater a broader market. Additionally, the presence of counterfeit and low-quality products can cause acne, skin damage, eczema and other health issues when absorbed by the skin.

Brands that provide scientific evidence supporting their product validation can gain trust and credibility in market. For instance, CeraVe skincare brand recommended by dermatologist had launched its four new innovative products including hydrating sheer sunscreen, ultra-light moisturizing gel, hydrating foaming oil cleanser and acne foaming cream wash; a collection of therapeutic skincare. These products are formulated with three essential ceramides-1,3 and 6-II to help restoring and maintaining a healthy skin barrier. Another key player in dermocosmetic market is Curology, it had launched Hair Formula Rx on 1 Feb 2023, which has a personalized prescription solution for hair loss and grows visibly thicker and stronger hair. The formula is combined of 3 clinically proven ingredients that regrow hair in as little as 3 months. Thus, constant innovations open new avenues to the growth and expansion of democosmetics market.

North America is dominating the dermocosmetic market due to the high consumer spending on premium skin care products. European market growth is driven by the rising consumer spending on personal care products. The U.K. and France have experienced significant growth in dermocosmetics market. Awareness about the harmful effects of UV rays, and skin conditions are rising the demand for dermocosmetics in region of China and India. Also, the increased number of new product launches and growing concerns about aging are positively influencing the Asia-Pacific region’s dermocosmetic market growth. Especially South East Asian countries, shows promising future to be the fastest growing dermocosmetic market. Surge in cosmetic surgeries among consumers, particularly in young generation, in countries such as China, South Korea and Japan with online consultations is increasing.