Key regions: Germany, Europe, South Korea, France, China
The Skin Treatment (Pharmacies) market in United Arab Emirates is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in the United Arab Emirates are increasingly prioritizing their skincare routine and investing in skin treatment products. This shift in preferences is driven by a growing awareness of the importance of maintaining healthy and radiant skin. Consumers are seeking effective and high-quality products that address their specific skin concerns, such as aging, acne, and hyperpigmentation. They are also willing to spend more on premium skincare brands that offer natural and organic ingredients.
Trends in the market: One of the key trends in the Skin Treatment (Pharmacies) market in United Arab Emirates is the rising demand for anti-aging products. The country has a large population of affluent individuals who are willing to invest in skincare products that help combat the signs of aging. This has led to an increase in the availability of anti-aging creams, serums, and treatments in pharmacies across the country. Another trend in the market is the growing popularity of skincare products with sun protection properties. The United Arab Emirates has a hot climate with intense sun exposure, which makes sun protection a crucial part of skincare. Customers are seeking products that not only provide effective sun protection but also offer additional skincare benefits, such as hydration and anti-aging properties.
Local special circumstances: The United Arab Emirates has a multicultural population, with residents from various countries and backgrounds. This diversity has influenced the skincare preferences of consumers in the country. Customers are looking for skincare products that cater to their specific skin types and concerns, taking into consideration factors such as ethnicity and climate. As a result, pharmacies in the United Arab Emirates are stocking a wide range of international skincare brands that cater to different skin types and offer specialized treatments.
Underlying macroeconomic factors: The United Arab Emirates has a strong economy with high disposable incomes, which allows consumers to spend more on skincare products. The country also has a well-developed healthcare system, which includes pharmacies that offer a wide range of skincare products. The government's focus on promoting healthcare and wellness has further contributed to the growth of the Skin Treatment (Pharmacies) market in the United Arab Emirates. In conclusion, the Skin Treatment (Pharmacies) market in the United Arab Emirates is experiencing growth due to changing customer preferences, emerging trends, and local special circumstances. Customers are increasingly prioritizing skincare and seeking effective products that address their specific concerns. The market is also influenced by trends such as the demand for anti-aging and sun protection products. The multicultural population and high disposable incomes contribute to the growth of the market, making the United Arab Emirates an attractive market for skincare brands.
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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