Spanish economic indicators are not expected to be positive over the early part of the forecast period. This fact, along with Spanish consumers’ changing priorities since the pandemic – many of them are more willing to stay at home to save money - are set to influence demand for dermatologicals heading into 2024.
Spain’s birth rate is not expected to grow strongly over the forecast period, driven by economic uncertainty and lack of national policies to help reverse this trend. The unfavourable socioeconomic situation in the country has discouraged young people from starting families, thereby placing significant pressure on demand for dermatologicals that target babies and young children as the end consumer base, including nappy (diaper) rash treatments.
In an extension of a trend that was evident in Spain throughout the review period, the forecast period is expected to see sales of dermatologicals face strong competition from skin care and other products categorised under beauty and personal care, specifically high-priced products with a dermatological or cosmeceutical positioning. While many of these premium products are considered to be quite high-priced in comparison with other beauty and personal care items, they are often a cheaper option than dermatologicals, which are subject to and thus entail higher operating costs for the players and brands behind them.
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Understand the latest market trends and future growth opportunities for the Medicated Skin Care industry in Spain 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 Medicated Skin Care industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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