Skin Barrier Products Market Will Grow At Highest Pace Owing To Rising Skin Diseases Prevalence
Skin Barrier Products Market Will Grow At Highest Pace Owing To Rising Skin Diseases Prevalence
The increasing prevalence of skin diseases is a major market driver. Changing lifestyles, rising pollution levels, and excessive sun exposure has lead to significant increase in skin conditions like dry skin, dermatitis, and psoriasis globally.

The skin barrier products market comprises skin barrier creams, ointments, and lotions that are used to treat various skin conditions. Skin barrier products form a protective layer on the skin surface to prevent water loss and protect the skin against environmental irritants. They are used to treat common skin conditions like dry skin, eczema, dermatitis, and psoriasis. The increasing prevalence of skin diseases globally due to changing lifestyles and environmental factors is a key driver for the demand of skin barrier products. The Global skin barrier products market is estimated to be valued at US$ 1225.66 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the skin barrier products market are Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Danaher (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), PerkinElmer (US), Agilent Technologies (US), Promega Corporation (US), Cell Biolabs (US), Miltenyi Biotec (Germany), STEMCELL Technologies (Canada), Bio-Techne Corporation (US), FUJIFILM Holdings Corporation (Japan), Charles River Laboratories (US), HemoGenix Inc. (US), Lonza Group (Switzerland), Takara Bio Inc. (Japan), Creative Bioarray (US), AAT Bioquest, Inc. (US), BPS Bioscience, Inc. (US), Enzo Biochem (US), PromoCell GmbH (Germany), Biotium (US), Geno Technology (US), Abcam plc (UK), and ReachBio Research Labs (US).

The key opportunities in the skin barrier products market include innovation of novel products for severe skin conditions, expanding into developing markets, and inclination towards natural and herbal skin barrier products. The leading players are focusing on global expansion by strengthening their distribution networks across Asia Pacific, Latin America, and Middle East & Africa.

Market drivers and Restrain

The increasing prevalence of skin diseases is a major market driver. Changing lifestyles, rising pollution levels, and excessive sun exposure has lead to significant increase in skin conditions like dry skin, dermatitis, and psoriasis globally. Additionally, growing awareness about skincare and availability of innovative products is also fueling the demand.

However, high costs of branded skin barrier products is a key restrain for the market. Patients often opt for cheaper generic alternatives available, which may not be as effective. Strict regulations governing skincare products also increases the compliance burden, thereby hindering innovation. Additionally, social stigmas associated with certain skin conditions discourage patients from seeking medical treatment.

Segment Analysis

The Skin Barrier Products market is dominated by the emollients sub segment. Emollients are moisture replenishing products that help restore the skin's protective barrier function, soothing dry skin and relieving itching and flaking. Emollients are widely used to relieve dry skin issues and contain ingredients like glycerin, mineral oil, lanolin, and petroleum which help retain moisture. This sub segment holds the largest market share as emollients see broad application in the treatment of various dermatological and cosmetic skin conditions.

Regional Analysis

North America region dominates the global skin barrier products market and holds the largest market share. This is attributed to factors such as increased health awareness regarding skin care, rising geriatric population, growing demand for professional skin care products, and presence of major manufacturers in the region. Asia Pacific region is expected to see the fastest growth during the forecast period owing to rising income levels, growing middle class population, increasing beauty consciousness, and expansion of healthcare and cosmetic industries in emerging economies of the region.

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https://www.ukwebwire.com/skin-barrier-products-market-size-share-growth-outlook-2023/

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