The global skin treatment market size was valued at USD 15.70 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.7% from 2021 to 2028. The market growth can be credited to the rising awareness regarding acne-care OTC products across the globe. Increasing demand for soft gel pessary to treat skin diseases is anticipated to boost the market growth. Moreover, the excessive use of oral capsules and external cream is projected to drive the market. The rising prevalence of skin diseases is boosting the demand for skincare products. Moreover, a surge in the adoption of bacterial squeeze tubes is expected to propel the market growth. However, the high cost of skin treatment products is expected to restrict the market growth. At present, key players are focusing to provide thrush combi gel to gain relief from itching and burning. Hence, the market is expected to witness significant growth during the forecast period.
The growing investment from the Germany-based Bayer AG to procure Bacterial Vaginosis (BV) vaginal gel at a lower cost is refueling the market growth. Rapidly growing demand for benzoyl peroxide products, such as Clearasil acne creams, in the U.S. to reduce acne is further anticipated to boost the market growth. The growing demand for benzacare spotcontrol purifying cleansing foam products from European consumers is fueling the industry growth.
The Covid-19 pandemic had reduced the diagonal growth of the global trade. The coronavirus had strongly affected the supply chain of several industries. The supply chain of the market for skin treatment had reflected positive growth during the pandemic era. Local drug dealers, multi-specialty hospitals, and retail pharmacies are escalating revenue generation by adopting e-commerce trade terminology during the pandemic era. The rising demand for Mario Badescu Acne Facial Cleanser to recover skin issues, such as dehydration, excess sebum, and blemishes of the face, is expected to propel the market growth.
The growing demand for over-the-counter hydra compensating cream products from the consumers in the Middle East and Africa had propelled the market growth. Several healthcare companies had projected positive growth due to the rapid sales of over-the-counter skin treatment products. The key players of the market are procuring value-added facial products to fulfill the demand for skincare products. The growing sales of nappy care ointment will reflect positive growth during the forecast period.
The preparations to treat skin diseases (e.g. acne treatment) segment grabbed the largest share of over 60.0% in 2020. The growing adoption of acne cream in China owing to its antibacterial activity to relieve fungal infection is projected to boost the market growth. The rising demand for acnesol gel from consumers in the U.S. and the U.K. to recover from blackheads, dark circles, and scars is propelling the market growth. The rising demand for ointments, pills, capsules, and washing lotions in the U.S. for acne treatment will further enhance the segment growth during the forecast period.
The natural and synthetic agents segment will witness the highest growth over the forecast period. This can be credited to the growing demand for Adapalene ointments from the consumers in Asia Pacific to renew the old skin. Tablets and capsules are majorly used to reduce itching and swelling. The increasing demand for natural and herbal creams from elderly patients is anticipated to refuel the market growth.
The offline segment captured the largest share of more than 70.0% in 2020. This can be attributed to the growing demand for panoxyl acne creamy products from emerging countries, such as China and India. The offline segment consists of multi-specialty hospitals, domestic drug suppliers, and retail pharmacies. The trustworthy relationship of local traders with native consumers and low-cost services are the major factors expected to propel the market growth during the forecast period.
Local pharmacies are supplying a wide range of products such as skin treatment gels, capsules, tablets, and ointments. The immediate acne relieving products and the nonprescription purchasing functionality are the major factors expected to fascinate the local clients through the offline trading platform. Supportive measures taken by the skin treatment manufacturers to provide affordable acne-relief products to domestic consumers will help to refuel the market growth.
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The online segment is projected to register the fastest growth rate during the forecast timeline. This growth is credited to the increased focus of skin treatment retailers to adopt the e-commerce methodology in pharmacy. Online trading portals provide ease of transaction services with several payment gateway options to provide gels and medicines in a large quantity. Lucrative offers and a diversified product portfolio will build a long-term client relationship through the e-commerce terminology. Rapid speed to access multiple clients, door-step delivery, and the reliability of the product will contribute to the market growth.
Asia Pacific captured the largest share of over 30.0% in 2020. This can be attributed to the rising demand for bakson’s acne aid cream from developed countries, such as China and India. The anti-comedogenic action of acne aid cream is used to control skin disorders. The ease of accessibility of skin treatment OTC products at domestic pharmacies will contribute to the market growth. The growing trend in Japan to adopt differin gel for face clearance is anticipated to boost the market growth. The market in China is driven by the growing demand for natural acne cream solutions with strength spot treatment to relieve acne pain. Moreover, the rising demand for eco-friendly ointments in India is anticipated to boost the market growth.
Europe is projected to register the fastest CAGR of 4.0% from 2021 to 2028. This can be attributed to the growing demand for oil-free acne stress control power-cream from developed economies, such as the U.K. and Germany. The emerging trend in France to adopt acne facial cleansers for sebum production is propelling the market growth. The growing adoption of premium La Roche-Posay cream in Germany is estimated to fuel the market growth over the forecast period. La Roche-Posay cream is majorly used to remove the black spots and control the facial shine. Moreover, the funding is provided from the private firms of the U.K. to procure over-the-counter skin treatment at an affordable cost, thus refueling the market growth.
The main focus of the companies is to provide over-the-counter skin treatment at a lower cost. The key players are focusing to procure ring gel products, which are effectively used to get relief from ringworm and athlete's foot. Fast-acting activity to reduce fungal skin infection is propelling the market growth. Multiple companies are targeting to launch fluid lotion and relief gel. The major players are procuring external creams to reduce the soreness, swelling, and redness of the skin. Some prominent players in the global skin treatment market include:
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Report Attribute |
Details |
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Market size value in 2021 |
USD 16.07 billion |
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Revenue forecast in 2028 |
USD 19.35 billion |
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Growth Rate |
CAGR of 2.7% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, distribution channel, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & Central & South America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Argentina; Saudi Arabia; South Africa |
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Key companies profiled |
Bayer AG; Pfizer Inc.; GlaxoSmithKline PLC; Johnson & Johnson; Reckitt Benckiser (RB); Bristol-Myers Squibb; VIBCARE PHARMA; Cipla Limited; Alna biotech Pvt. Ltd.; Zota Healthcare |
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Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global skin treatment market report on the basis of type, distribution channel, and region:
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