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Skin barrier products play a vital role in maintaining healthy skin and reducing infections and allergies. Creams and lotions containing moisturizing agents, antioxidants and UV protectors repair and restore the skin’s natural barrier. The rising prevalence of skin diseases due to unhealthy lifestyles and environmental pollution has boosted the demand for such protective products.
The global Skin Barrier Products Market is estimated to be valued at US$ 1063.94 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing cases of skin problems have spurred the demand for skin barrier products. As per recent studies, nearly 900 million people suffer from some form of skin disease globally. Issues such as eczema, psoriasis, and acne have doubled in the last few decades. With growing awareness, people are increasingly using moisturizers, creams and lotions to protect their skin from external aggressors and maintain its integrity. This high prevalence of skin diseases is a major factor driving the growth of the global skin barrier products market during the forecast period.
SWOT Analysis
Strength: Skin barrier products offer protection from external damaging factors such as pollution, dirt, and chemicals. They help maintain the skin’s natural protective abilities.
Weakness: Some skin barrier products contain harsh chemicals that can further damage sensitive skin if not applied properly. Lack of skin protection awareness in certain regions.
Opportunity: Growing concerns over skin health issues and rising pollution levels present an opportunity to educate people about the importance of skin barrier protection and care.
Threats: Stringent regulations on product ingredients and testing. Intense competition from emerging local players.
Key Takeaways
Global Skin Barrier Products Market Size is expected to witness high growth over the forecast period. The global Skin Barrier Products Market is estimated to be valued at US$ 1063.94 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
North America currently dominates the market due to high consumer awareness about skin health as well as a strong presence of leading manufacturers. However, the Asia Pacific region is projected to grow at the fastest pace with increasing urbanization and rising living standards in countries like China, India and South Korea propelling demand.
Key players operating in the skin barrier products market include Thermo Fisher Scientific Inc., Merck KGaA, Danaher and Becton, Dickinson and Company among others. Thermo Fisher Scientific provides skin barrier repair products such as human skin substitutes and tissue care solutions tailored for wound and burn management under its brand Life Sciences. Merck KGaA markets skin protectants and moisture barriers through its healthcare division. Meanwhile, Danaher offers a range of skin testing and imaging instruments and solutions to evaluate the efficacy of skin barrier products through its Dermatologic Subsidiary.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
