Home Healthcare IT Physician Dispensed Cosmeceuticals Market Size & Share Analysis | 2032

Physician Dispensed Cosmeceuticals Market Size, Share & Trends Analysis Report By Products (Skin Care, Hair Care, Eye Care), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRHI56379DR
Last Updated : Oct 23, 2024
Author : Straits Research
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Market Overview

The global physician dispensed cosmeceuticals market size was valued at USD 10.70 Billion in 2023. It is estimated to reach USD 23.83 Billion by 2032, growing at a CAGR of 8.3% during the forecast period (2024–2032).

A niche in the beauty market has been created by the physician dispensing cosmeceuticals. These are in direct competition with conventional cosmetics, requiring physician supervision and aiming at the low layers of skin for what seems to be biologically active effects. This translates to medically-validated solutions for addressing concerns like aging, acne, or other issues managed by dermatologists and allied healthcare professionals. Physicians' cosmeceuticals are a unique category within the wider beauty sector, distinguishing them from over-the-counter products, because of their focus on deeper skin health and measurable results.

The growth of the market for physician dispensed cosmetics will be driven by the growing importance of beauty and outlook, as well as the increasing awareness of antiaging. Factors such as the growing knowledge about the security and effectiveness of Physician Dispensed Cosmeceuticals and escalating disposition of users towards a certain solution to diverse skin problems about age spot or acne spot reduction are anticipated to further propel the physician dispensed cosmeceuticals market growth.

Physician Dispensed Cosmeceuticals Market

Market Dynamics

Global Physician Dispensed Cosmeceuticals Market Drivers:

Increasing Physician-Dispensed Cosmeceutical’s advantages booming the demand

More and more, with the growing awareness of antiaging products, consumers are looking for methods and products that keep them young and attractive, in particular among the elderly population.  In addition, because of the high incidence of intrinsic signs of ageing, older people are becoming increasingly anxious. The term cosmeceuticals is used to describe antiaging skin products, as they are in common with cosmetics and pharmaceuticals.  Moreover, the signs of aging include wrinkles, dark circles, excessively dry skin and loss of elasticity or firmness. But there are a number of benefits to using cosmeceuticals for the prevention of aging.  According to an article published by 'Adiveda Natural' in March 2022, anti-aging products such as anti-aging serums provide several benefits to the skin, such as skin tightening and hydration; gaining skin glow and radiance; preventing the occurrence of age-related dark spots and uneven skin tone; and using these serums, target populations become less prone to encountering dermal issues.

Enhanced Consumer Focus on Appearance & Spending Propels Market

One of the main factors driving growth in this market is the availability of advanced products, increasing awareness about enhancing appearance and rising disposable income levels as well as spending on personal care.  At present, people are increasingly interested in their appearance and spending on personal care products is also increasing due to an increase of the world's income levels per person.  For instance, surging demand for cosmetic procedures was seen worldwide in 2021. A survey conducted in 2021 by the Menarini Group, an Italian pharmaceutical company, among 100 dermatologists and plastic surgeons across India revealed that 65% of the respondents agree that facelift is the most sought-after facial aesthetic procedure in India and 37% of the respondents have observed an increased demand for aesthetic procedures since the onset of the global COVID-19 pandemic, with the desire to look good on social media.  This shows, therefore, that there has been an increase in awareness about the aesthetic appeal of people and this is leading to more opportunities for physician prescribe of cosmeceuticals such as hair colour, eye colour, eyes or other cosmetic products.

Global Physician Dispensed Cosmeceuticals Market Restraint:

Higher costs of products

Physician-dispensed cosmeceuticals offer a double-edged sword. The main obstacle to their superior results is their cost, although their science backed formulations and targeted ingredients deliver superior results. Unlike drugstores, pricing is based on the use of more potent ingredients and may include increased R&D costs, doctor involvement, consultations, prescriptions or possibly enhanced formulations.   This will lead to better results, but it may create obstacles for some consumers. However, the perceived value of a doctor's advice, the potential for faster or more dramatic results, as well as the promise of stronger formulations, may still make them attractive to those who are willing to invest in their skin's health and appearance.

Global Physician Dispensed Cosmeceuticals Market Opportunities:

Evolving Retail Landscape

Retail revolution is taking place on the physician prescription market for cosmeceutical products. A trio of benefits: increased accessibility for remote consumers, improved convenience through online browsing and consultation, as well as potential competitive pricing due to lower overheads are offered by the development of Internet platforms specifically targeted at these products. Although regulatory and consumer preference for in person consultation remain obstacles, online platforms have the potential to redefine how consumers interact with such specialised products.

Shifting Consumer Preferences

The evolving consumer is a major driver of the physician dispensed medicinal product market. Today's beauty consumers are increasingly sophisticated and demanding data driven solutions for their specific needs. There is often a lack of scientific support for traditional cosmetics for consumers.  Physician-dispensed cosmeceuticals fill this gap by offering clinically-tested ingredients and research-backed formulations. This is evidenced by the fact that physician prescribed cosmeceuticals are positioned as premium categories of cosmetic products in the beauty industry, thereby providing demonstrably effective solutions to skin concerns.

Study Period 2020-2032 CAGR 8.3%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD 10.70 Billion
Forecast Year 2032 Forecast Year Market Size USD 23.83 Billion
Largest Market North America Fastest Growing Market Asia Pacific
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Regional Analysis

Based on region, the global physician dispensed cosmeceuticals market share is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

North America Dominates the Global Market

North America is the most significant global market shareholder and is expected to expand substantially during the forecast period. The physician dispensed cosmeceutical market in North America is flourishing, thanks to major players, high levels of spending and the antiaging mania. Skin care rules, with online and retail options challenging hospital dominance for these doctor-backed beauty solutions. As awareness and preventive health care focus increase, look for further growth.  

The United States physician dispensed cosmeceuticals market. The US regulatory regulations ensure of the consumers in the country, are creating opportunities for the availability of better and safer cosmeceuticals, which the physicians can trust and dispense to the target population. Therefore, market growth in the country is expected to rise over the period under consideration.

The Canadian market for physician dispensed cosmeceuticals. Canada's market is growing due to, rising disposable income, increasing focus on anti-ageing solutions, and increasing demand for dermatologist-recommended skincare products.

These factors are estimated to drive the North American market growth.

Asia-Pacific region is a pivotal market for the physician dispensed cosmeceuticals industry. The market in Asia Pacific will also be stimulated by the increasing focus of key players on expanding into new Asian markets, a large customer base and rising awareness about medical prescription cosmeceuticals.

China physician dispensed cosmeceuticals market. Due to its large population, rising disposable income, and increasing awareness of these products, the Asia Pacific region is the largest market in the world.

South Korea physician dispensed cosmeceuticals industry. A well-established market with a focus on beauty and innovativeness. This growth is driven by strong consumer demand for antiaging solutions and a culture of preventive healthcare.

Thus, the factors above are estimated to boost the Asia-Pacific physician dispensed cosmeceuticals market growth.

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Segmental Analysis

The global market is bifurcated into product type and distribution channel.

Based on product type, the market is segmented into skin care products, hair care products, eye care products, and others.

Skin Care Products dominates the application segment. Greater consumer demand for antiaging and other skin solutions, coupled with higher profit margins for manufacturers, cements skin care products as the dominant segment of the market for physician dispensed skin care products.

Based on distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy.

Hospital pharmacy dominates the distribution channel segment. Hospital pharmacy’s dominance is reinforced by established trust, attention to specialised treatments and close contacts with doctors. But in the future, retail pharmacies and online platforms could pose a threat to their low reach and convenience factor.

Market Size By Products

Market Size By Products
  • Skin Care
  • Hair Care
  • Eye Care


  • List of key players in Physician Dispensed Cosmeceuticals Market

    1. Allergan
    2. ZO Skin Health, Inc.
    3. Obagi Medical Products, Inc.
    4. L’Oréal
    5. Jan Marini Skin Research, Inc.
    6. Alastin Skincare, Inc.
    7. IS Clinical
    8. Epionce
    9. PCA Skin
    10. EltaMD
    11. Neocutis
    12. Glytone
    13. Revision Skincare
    14. Biopelle, Inc.
    15. DefenAge Skincare
    Physician Dispensed Cosmeceuticals Market Share of Key Players

    Recent Developments

    • In March 2024, ELEVAI LABS, INC., a medical aesthetic company specializing in physician-dispensed skin care, announced the launch of its online E-commerce portal. The new E-commerce portal serves as a business-to-business (B2B) extension of the Company’s existing B2B relationship with physician dispensed providers offers ELEVAI products in the USD 19.7 billion global industry.
    • In October 2023, Galderma laboratories, L.P., announced the launch of Alastin Skincare in the UK and direct distribution and expansion in Canada. It is one of Galderma’s premium brands, is a pioneer in products specifically formulated to meet the demand for pre- and post- aesthetic procedure skincare.
    • In September 2022, L’Oréal signed an agreement to acquire Skinbetter Science, a physician-dispensed American skincare brand backed by cutting-edge, dermatological science, combining patented efficacious ingredients with luxurious sensorial textures.

    Analyst’s Perspective:

    A focus on strategic partnerships between key players and online platforms to exploit the growing demand for convenience and wider product availability is suggested in the analyst's view of the physician dispensed cosmetics market. In addition, it will be essential for market expansion to address the legal situation in different regions, especially those that are developing markets. The key drivers of continued growth and market leadership in the physician dispensed cosmetics market will be this dual focus on e commerce adoption and navigating regulatory obstacles.


    Physician Dispensed Cosmeceuticals Market Segmentations

    By Products (2020-2032)

    • Skin Care
      • Anti-Ageing
      • Sunscreens
      • Others
    • Hair Care
      • Anti-Dandruff
      • Hair Repair
      • Others
    • Eye Care
      • Eye Drops
      • Artificial Tears
      • Others

    By Distribution Channel (2020-2032)

    • Hospital Pharmacy
    • Retail Pharmacy
    • Online Pharmacy

    Frequently Asked Questions (FAQs)

    How Big is Physician Dispensed Cosmeceuticals Market?
    The physician dispensed cosmeceuticals market size was valued at USD 10.70 Billion in 2023. It is estimated to reach USD 23.83 Billion by 2032, growing at a CAGR of 8.3% during the forecast period (2024–2032).
    The key players in the global physician dispensed cosmeceuticals market are Allergan, Merz Pharma, Obagi Cosmeceuticals LLC, ELEVAI LABS, INC., L'Oreal S.A., Athena Cosmetics, Inc., Galderma laboratories, L.P., ZO Skin Health, Inc., Procter & gamble Co., Neutrogena and others.
    North America has been dominating Physician Dispensed Cosmeceuticals Market, accounting for the largest share of the market.
    The global market has seen the most substantial growth rate in Asia-Pacific.
    The global Physician Dispensed Cosmeceuticals Market report is segmented as follows: By Product Type,By Distribution Channel and By Region


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