Navigation Links
US Market For Physician-Dispensed Cosmeceuticals Will See Strong Growth Through 2022
Date:10/31/2013

TORONTO, Oct. 31, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the US market for physician-dispensed cosmeceuticals will see strong growth, driven by high patient aesthetic consciousness. These products hold lucrative revenue potential and are paid for out-of-pocket by patients, making them attractive to physicians. As a result, more physicians are carrying these products in their practices, which will improve accessibility and awareness among the patient population.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

Most revenue growth in this space will stem from sales of physician-dispensed sunscreens and antiaging cosmeceuticals. Clinical data increasingly supports the use of products that protect the skin from the harmful effects of the sun, which can result in dark spots and wrinkles. Antiaging products currently represent the largest segment of the physician-dispensed cosmeceutical market, and therefore competitors will need a strong portfolio of these products if they are to compete successfully in the cosmeceutical space.

Acquisitions are common in the cosmeceutical market, and top companies have each been acquired by larger global aesthetics competitors. SkinCeuticals has been a subsidiary brand of L'Oreal since 2005, and through 2012 and early 2013, Obagi Medical Products was acquired by Valeant Pharmaceuticals while SkinMedica was acquired by Allergan. The acquisitions have granted the subsidiary companies access to greater resources, including networks of sales representatives and extensive funds for marketing and endorsements.

Acquisitions also offer significant opportunity for cross-selling, given that the parent companies offer additional cosmetic or antiaging treatments such as chemical peels, facial injectables and breast implants. Opportunities for cross-selling are further explored in MRG's Physician Forum: From Cosmeceuticals to Invasive Aesthetic Treatments survey report.

Smaller companies will need to differentiate themselves by developing distinctive and effective products; for example, Neocutis' portfolio is unique for the inclusion of human growth factors in its products. Small companies can also target certain niche markets. Topix has successfully implemented this strategy by offering private labeling for physicians.

Millennium Research Group's US Markets for Physician-Dispensed Cosmeceuticals 2014 report includes unit, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for cosmeceutical antiaging products, acne treatments, sun protection products, hydrating moisturizers, chemical peels and preparation cosmeceuticals in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Rapid Fire Marketing Funds Development of Second Generation Vapor Inhaler
2. ulrich medical USA™ Releases New Expandable Spinal Implant for US Market
3. Nektar to Announce Financial Results for the First Quarter of 2012 on Wednesday, May 2, 2012, After Close of U.S.-Based Financial Markets
4. Almost 50 Percent of the Glaucoma Patient Population Remains Untreated, Signifying a Vast Market for Glaucoma Pharmaceuticals, Finds Frost & Sullivan
5. International Drug & Explosives Detection Company IDenta Corp. Releases Information to OTC markets.
6. Althea Technologies Appoints Dr. Kristin DeFife, Director, Biologics Manufacturing And Jack Wright, VP, Sales and Marketing
7. Ophthalmic Drugs: World Market Prospects 2012-2022
8. OTC Pharmaceuticals: Global Industry Almanac, MarketLine
9. ResearchMoz: The World Anesthesia Drug Market (General, Local, Adjunctive) - Market Research Report
10. Endocrinology Market to 2018 - Advanced Injection Devices for Growth Hormone and Somatostatin will Improve Ease of Use for Patients
11. Cara Therapeutics Licenses Novel Kappa Opioid Agonist, CR845, to Chong Kun Dang Pharmaceutical Corporation For South Korean Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2016)... In March, 2016, Rx-360 ... free workshops across Africa ... Good Distribution Practices (GDP). Good Distribution Practice is ... are consistently stored, transported and handled under suitable conditions as ... Only a few years ago, there were few ...
(Date:5/4/2016)... DUBLIN , May 4, 2016 /PRNewswire/ ... the addition of the  "Global Actinic Keratosis ...  report to their offering.       ... Actinic Keratosis Market and Competitive Landscape Highlights ... pipeline products, Actinic Keratosis epidemiology, Actinic Keratosis ...
(Date:5/3/2016)... Fund to further expand product development, strengthen its disease modeling capabilities and increase market presence. Photo ... ... ... ... Sino-German High-Tech Fund (SGHF) is ...
Breaking Medicine Technology:
(Date:5/5/2016)... Texas (PRWEB) , ... May 05, 2016 , ... ... the Responsible Wool Standard (RWS) for public stakeholder review. The stakeholder review is an ... that it meets its goals and delivers value to the wool industry., The RWS ...
(Date:5/5/2016)... ... May 05, 2016 , ... Einstein Medical ... feed to cover the latest news and commentary at the 2016 ASCRS/ASOA Symposium and ... of the American Society of Cataract and Refractive Surgery and the American Society of ...
(Date:5/5/2016)... ... May 05, 2016 , ... TLC Laser Eye Centers announced today that ... eye center will now be called “Gordon Schanzlin New Vision Institute, a TLC Laser ... the full-service facility to ensure that patients continue to receive the highest quality of ...
(Date:5/5/2016)... ... May 05, 2016 , ... Spring Fertility , ... IVF and with egg freezing, today announced the grand opening of its first ... fertility care, Spring Fertility offers both fertility preservation (egg, sperm, embryo, and testicular ...
(Date:5/5/2016)... (PRWEB) , ... May 05, ... ... and hands-on exercises, the Wharton Seminars for Business Journalists , led ... understanding of key business and economic issues.  This one-day program at the ...
Breaking Medicine News(10 mins):