Industry Background:
Pharma & cosmetics include the pharmaceutical and cosmetics industry and the range of products included in it. The pharma deals with the drug research, production, and commercial of pharmaceutical products. The cosmetics consist of products developed for cleaning, curing, and managing skincare, haircare, and oral care, it also includes beauty preparations and grooming aids. The pharma & cosmetics involves personal care and healthcare products ranges.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Merck & Co., Inc. (United States), Pfizer Inc. (United States), Sanofi S.A. (France), Johnson & Johnson (United States), F. Hoffmann-La Roche AG (Switzerland), Novartis International AG (Switzerland), L'Oréal S.A. (France), Estée Lauder Companies Inc. (United States), Shiseido Company (Japan), Eli Lilly and Company (United States), GlaxoSmithKline plc (United Kingdom), AbbVie (United States) and Beiersdorf AG (Germany) |
This growth is primarily driven by Rising Prevalence of the Skin Related Issues in People, Need for Curing the Various Type of Diseases and Health-related Problems and Demand for Cosmetics in Haircare and Skincare.
Globally, a noticeable market trend is evident Consumption of Cosmetics Among Women is High
Major Players, such as Merck & Co., Inc. (United States), Pfizer Inc. (United States), Sanofi S.A. (France), Johnson & Johnson (United States), F. Hoffmann-La Roche AG (Switzerland), Novartis International AG (Switzerland), L'Oréal S.A. (France), Estée Lauder Companies Inc. (United States), Shiseido Company (Japan), Eli Lilly and Company (United States), GlaxoSmithKline plc (United Kingdom), AbbVie (United States) and Beiersdorf AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
27th June 2019, AbbVie to acquire Allergan in a multibillion-dollar merger. The new company will retain AbbVie’s US headquarters, bringing Allergan back to its home country; there are now no tax advantages in being headquartered in Ireland. The acquisition of Allergan represents a rare and unique opportunity for AbbVie to accelerate the progress of the growth platform by adding highly valuable assets with leadership positions across the growth segments
Regulatory Insights:
"Under the FD&C Act, cosmetic products and ingredients, with the exception of color additives, do not require FDA approval before they go on the market. Drugs, however, must generally either receive premarket approval by FDA through the New Drug Application (NDA) process or conform to a "monograph" for a particular drug category, as established by FDA's Over-the-Counter (OTC) Drug Review. These monographs specify conditions whereby OTC drug ingredients are generally recognized as safe and effective, and not misbranded."
Influencing Trend:
Consumption of Cosmetics Among Women is High and Advancement in the Packaging of Pharma & Cosmetics
Market Growth Drivers:
Rising Prevalence of the Skin Related Issues in People, Need for Curing the Various Type of Diseases and Health-related Problems and Demand for Cosmetics in Haircare and Skincare
Challenges:
Stringent Regulatory Guidelines and Standards on the Packaging Labeling of Pharma & Cosmetics
Restraints:
Side Affects and Allergy-Related Risks Involved in Pharma & Cosmetics and High Cost Involved in Cosmetics Products
Opportunities:
Surging Investment in the Research and Development in Pharma & Cosmetics and Rising Spendings of People on Pharma & Cosmetics
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Pharma & Cosmetics Market
- Analysis about New Entrants in Pharma & Cosmetics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Pharma & Cosmetics Study Sheds Light on
The Pharma & Cosmetics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Pharma & Cosmetics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pharma & Cosmetics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.