Dermatologicals is already a saturated category in South Korea and has lost its growth momentum, with only stagnant value sales (at constant 2022 prices) predicted over the forecast period. A lack of new product development is likely to be one factor hampering growth, whilst another is expected to be more consumers going to see a doctor to obtain Rx products, especially for antifungals, as the prices of such products are cheaper with a prescription.
The largest value category within dermatologicals, topical germicidals/antiseptics, is expected to experience stable demand over the forecast period. These products are considered to be effective for a number of issues including for basic wound care and combating pimples.
According to Kyunghyang Daily News, as of May 2022, the number of people suffering from atopic dermatitis (eczema) had reached close to one million. Among these patients, approximately 40% were considered to be suffering from moderate to severe symptoms, which require stronger treatment than that offered by OTC remedies.
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Medicated Skin Care
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 Definitions
This report originates from Passport, our Medicated Skin Care research and analysis database.
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