The global dermacosmetics market is expected to grow at a CAGR of 6.2% during the forecast period with its market size valued at USD 56.0 billion in 2020. Globally, dermacosmetics industry players are undertaking mergers and acquisitions and collaborations in order to expand their product portfolio and gaining competitive advantage. The key player in this market comprises of both large as well and small service provides making it a fragmented market structure.

Dermacosmetics are medically inspired and are considered to be very effective, offer products catering to various other skin needs and are considered to efficient and skin tolerant in nature. These wide ranges of benefits are thereby strengthening the growth of global dermacosmetics market.

On the basis of distribution channel, the global dermacosmetics market is categorised into online, and pharmacy & retail store. Amongst these segments, it is anticipated that pharmacy & retail store are estimated to generate larger revenue due to high range of over the counter dermacosmetics products that are available in the retail and pharmacy store.

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Based on end user, the global dermacosmetics market is categorised into hospitals, clinics, medical spas, and salons, and at-home. Amongst these segments clinics, medical spas, and salons segment is estimated to contribute largest market revenue due to extensive number of skin treatment process undertaken in this segment.

Dermacosmetics market in Asia-Pacific is expected to witness highest CAGR during the forecast period owing to evolving lifestyle patterns, improved economic condition, excessive awareness about dermacosmetics, increasing personal disposable income of population and presence of key players in the region are factors driving the growth of dermacosmetics market.

Some of the players having prominent presence in the global dermacosmetics market include Johnson & Johnson, Bausch Health Companies Inc., Galderma S.A., Unilever Group, Procter & Gamble (P&G), L’Oréal S.A., Beiersdorf AG, The Este Lauder Companies Inc., ZO Skin Health Inc., Amorepacific Corporation, Sebapharma GmbH & Co. KG, Dermtek Pharma Inc., Phyto Botanical Power, Zorah Biocosmetiques, Shiseido Co. Ltd., BCG Badan-Badan Cosmetics Group Gmbh, Dr. med. Christine Schrammek Kosmetik GmbH & Co. KG, Uriage Dermatological Laboratories, Youth Lab Dermacosmetics, Physicians Care Alliance LLC, Nuxe Laboratory, Pierre Fabre S.A., Kanebo Cosmetics Inc., and Allergan plc.

Source: VynZ Research