The global physician dispensed cosmeceuticals market was USD 560 million in 2011 and this market is projected to reach USD1.8 billion by 2018. The market will grow with the compound annual growth rate of 18.15% from 2011 – 2918. Physician dispensed cosmeceuticals market is categorised into product segments such as skin care and eyelash products. The demand for this market will spur due to factors such as product innovations, rise in surgical procedures, increase in consumer spending and growing number of dispensing physicians.
In the current scenario, the market demand for dispensing physician’s cosmeceuticals is on a surge. The reason behind the growth is that many non prescription products have failed in fulfilling skincare needs. New options are available in the market for beauty and skin care, which provide a broad portfolio of product segments from over the counter creams to plastic surgery.
People have become conscious related to their skin and health care and there is a mindset between branded and physician dispensed products. This market has since recovered after the economic slowdown of 2008 – 2009.
For the future growth of this market, marketing channels like internet and the e-commerce platform will play a vital role in growth. Moreover, in spite of core customers like aesthetic practitioners, plastic surgeons and dermatologists, physician dispensed cosmeceuticals manufacturing companies are looking at newer options for enhancing and improving the outcomes.
The major companies prominent in this market are., Athena Cosmetics, Inc., Inc., Biopelle, Inc., Candem Pharma, Inc., Clinique Laboratories, LLC, exCel Manufacturing Co., Inc., Histogen, Inc., La Roche-Posay Laboratoire Pharmaceutique, Allergen, Inc, Neutrogena Corporation, Jan Marini Skin Research, Obagi Medical Products, Inc., Pacific Bioscience Laboratories, Inc., SkinCeuticals, SkinMedica, Inc., Solta Medical, Inc., and Stiefel Laboratories, Inc.
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