PROSPECTS AND OPPORTUNITIES
Tropical climatic conditions and resurgence of travel and tourism will drive growth in dermatologicals
The market for dermatologists in the Philippines is poised to see healthy growth in current value terms over the forecast period. The country is well known for its often intense and unrelenting sunshine, which can cause serious cases of sunburn in the case of those who fail to take adequate steps to protect their skin from harmful UV rays.
Consumer preferences evolve from product types to ingredients, while hair loss becomes a key focus
Compared to other OTC consumer health categories, many local consumers have a limited awareness of the role played by active ingredients in dermatological products. Historically, consumers have traditionally sought broad product types such as "antifungals," "medicated shampoos," and "lice treatments" without much focus on specific ingredients.
E-commerce will help to boost sales of “stigmatised” products
Over the forecast period, the steady rise of e-commerce will offer increased opportunities for OTC consumer health products in the Philippines. This is particularly beneficial for categories associated with social stigma, such as vaginal antifungals and haemorrhoid treatments.
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Overview:
Understand the latest market trends and future growth opportunities for the Dermatologicals industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Dermatologicals industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Dermatologicals in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Dermatologicals in Philippines?
- Which are the leading brands in Dermatologicals in Philippines?
- How are products distributed in Dermatologicals in Philippines?
- How has the regulatory and operating environment for Dermatologicals changed in Philippines?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Dermatologicals
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Dermatologicals in the Philippines - Category analysis
KEY DATA FINDINGS
High temperatures in the Philippines lead to increasing incidence of fungal skin conditions
“Taboo” products benefit from rise of e-commerce
Rise of experiential marketing, including as free trials and live streaming
Tropical climatic conditions and resurgence of travel and tourism will drive growth in dermatologicals
Consumer preferences evolve from product types to ingredients, while hair loss becomes a key focus
E-commerce will help to boost sales of “stigmatised” products
Consumer Health in the Philippines - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Dermatologicals
- Medicated Shampoos
- Topical Antifungals
- Vaginal Antifungals
- Hair Loss Treatments
- Nappy (Diaper) Rash Treatments
- Antiparasitics/Lice (Head and Body) Treatments
- Antipruritics
- Cold Sore Treatments
- Haemorrhoid Treatments
- Paediatric Dermatologicals
- Topical Allergy Remedies/Antihistamines
- Topical Germicidals/Antiseptics
Dermatologicals
Includes topical standard and herbal/traditional medicated products used to alleviate symptoms or treat skin or hair ailments. Exclude any systemic (oral) options to treat skin conditions or diseases.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Dermatologicals research and analysis database.
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