Huge Growth Expected in Dermacosmetics Market in Future

 The cosmetic industry, while mostly misunderstood as dealing with just the aesthetic appearance, has been undergoing technological advancements and moved beyond face creams and face powders since a long time now. Other than this, the prevalence of skin diseases is also rising across the globe and it has been shown by the Global Burden of Disease project that skin diseases are the 4th leading cause of nonfatal disease burden globally. Moreover, understanding the impact of skin diseases is important as in some cases skin conditions often represent a more severe systemic illness, such as human immunodeficiency virus and neglected tropical diseases. 

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Attributed to these reasons, the development of dermacosmetics has been made possible. These products are crucial now in the branch of dermatology as they combine cosmetics and scientific techniques for the management of a variety of diseases. Dermacosmetics are applied topically to different regions of the body for enhancing the patient’s quality of life, self-esteem, and mitigating the harmful effects of some treatments, which is why their demand is increasing rapidly. As per a P&S Intelligence report, in 2018, the global dermacosmetics market reached a value of $52.5 billion and is predicted to generate a revenue of $76.3 billion in 2024, progressing at a 6.5% CAGR during the forecast period (2019–2024). 

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The Asia-Pacific region is projected to emerge as the fastest growing dermacosmetics market in the coming years due to the changing lifestyle patterns, rising awareness regarding dermacosmetics, enhancing economic condition, and presence of key companies in the region. Apart from this, the prevalence of skin disorders in the region is also growing rapidly and people are spending more skin treatment. As per the Organisation for Economic Cooperation and Development, Japan’s personal increased from $2,833 billion in 2016 to $2,874 billion in 2017. 


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