Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in Australia & Oceania is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in Australia & Oceania are increasingly seeking skin treatments from pharmacies due to the convenience and accessibility they offer. Pharmacies are often located in residential areas and are easily accessible to customers, making them a preferred choice for skin treatment products and services. Additionally, customers appreciate the professional advice and guidance provided by pharmacists, who are trained to offer personalized recommendations based on individual skin concerns.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in Australia & Oceania is the growing demand for natural and organic products. Customers are becoming more conscious about the ingredients used in skincare products and are opting for natural alternatives. This trend is driven by the increasing awareness of the potential harmful effects of certain chemicals and synthetic ingredients found in traditional skincare products. As a result, pharmacies are expanding their range of natural and organic skincare products to cater to this growing demand. Another trend in the market is the rise of multi-functional skincare products. Customers are looking for products that offer multiple benefits, such as moisturizing, anti-aging, and sun protection, in a single formulation. This trend is driven by the desire for simplicity and efficiency in skincare routines. Pharmacies are responding to this trend by stocking a wide range of multi-functional skincare products to meet customer needs.
Local special circumstances: Australia & Oceania has a unique climate, with a mix of tropical, subtropical, and temperate regions. This diversity in climate creates specific skincare needs for customers in the region. For example, customers in tropical regions may require products that offer high sun protection and oil control, while customers in temperate regions may require products that provide hydration and protection against harsh weather conditions. Pharmacies in Australia & Oceania need to consider these local special circumstances and stock a diverse range of skincare products to cater to the varying needs of customers across the region.
Underlying macroeconomic factors: The growing middle class in Australia & Oceania is driving the demand for skin treatment products and services. As disposable incomes increase, customers have more purchasing power to invest in skincare products and treatments. Additionally, the aging population in the region is also contributing to the growth of the market, as older individuals are more likely to seek skincare products and treatments to address signs of aging. These underlying macroeconomic factors are expected to continue driving the growth of the Skin Treatment (Pharmacies) market in Australia & Oceania in the coming years.
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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