According to the research report by Transparency Market Research, the global physician dispensed cosmeceuticals market was evaluated at US$ 13,146.80 million in the base year i.e. 2017. The research authors at Transparency Market Research predict that the global physician dispensed cosmeceuticals market will grow to hit the evaluation of US$ 31,322.14 million by the end of the forecast period in 2026. They also project that the global physician dispensed cosmeceuticals market will display a significant CAGR of 10.3 % over the forecast period i.e. 2018 to 2026. Products in the global physician dispensed cosmeceuticals market include cosmetics that consist of active ingredients that target and handle the clinically recognized signs of infection, aging or other deficiencies related to the individual’s personal appearance.

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The global physician dispensed cosmeceuticals market has been witnessing high growth as well as increasing fragmentation on account of various dermatologists, skin and hair care specialists, and trichologists turning their operations around by researching and developing new products and converting their operations as medical practitioners to entrepreneurs. Furthermore, high growth of small and medium scale hair and skin clinics across the globe has created numerous expansion opportunities for the players in the global physician dispensed cosmeceuticals market in recent years.

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Skin Care Products Segment Dominates the Physician Dispensed Cosmeceuticals Market

Segments in the global physician dispensed cosmeceuticals market by type of the product include skin care products (including anti-aging products, skin whitening products, dermal fillers, acne treatment products, and hyperpigmentation products), hair care products (including hair repair products, anti-hair fall products, anti-dandruff products, and scalp repair products), Injectable Botox, and eye care products (including prescription drops, artificial tears, and other eye care products), among others. Skin care products segment dominated the global physician dispensed cosmeceuticals market in 2017 owing to high demand from consumers wanting to treat dermatological conditions. Rising awareness regarding personal maintenance along with shifting attitudes of geriatric as well as middle aged population from developed and developing economies related to outwardly signs of aging are anticipated to boost the demand in the global physician dispensed cosmeceuticals market in coming years. This trend is anticipated to boost the sales of anti-aging products in the global physician dispensed cosmeceuticals market in near future.

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Asia Pacific to Record High Growth in Physician Dispensed Cosmeceuticals Market in Coming Years

Key regions assessed in the professional intelligence report on the global physician dispensed cosmeceuticals market include Europe (including the United Kingdom, Spain, Germany, France, Italy, and rest of the Europe), North America (including the United States and Canada), Middle East and Africa (including Gulf Cooperation Council countries, South Africa, and rest of the Middle East and Africa), Asia Pacific (including India, Japan, New Zealand, China, Australia, and rest of the Asia Pacific), and Latin America (including Brazil, Mexico, and rest of the Latin America).

The global physician dispensed cosmeceuticals market in Asia Pacific to set to expand at a stellar rate over the forecast period of 2018 to 2026. Key factors motivating high growth in the Asia Pacific physician dispensed cosmeceuticals market include rising preference amongst regional population regarding retaining youthful and beautiful appearance and rising demand for effective and modern cosmeceutical products. On the other hand, North America region dominated the global physician dispensed cosmeceuticals market in 2017.

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Major international players operating within the global physician dispensed cosmeceuticals market are Unilever PLC, Bausch Health Companies, Inc., L’Oréal S.A., ZO Skin Health Inc., Allergan PLC, Gamble Co., Jan Marini Skin Research Inc., Procter, and Johnson & Johnson, among others. Players and manufacturers in the global physician dispensed cosmeceuticals market offer diverse set of products through their extensive distribution channels that reach all over the world. The global physician dispensed cosmeceuticals market has been experiencing entry of various small and medium sized players, especially from Asia Pacific.

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