Skin barrier products such as creams,lotions and ointments are widely used for protecting and maintaining the natural barrier function of the epidermis. They help retain skin hydration, improve elasticity and skin texture. Growing focus towards personal health and hygiene during the pandemic has propelled the demand for skin barrier products.
The global Skin Barrier Products Market is estimated to be valued at US$ 1063.94 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing awareness about maintaining skin health and hygiene has been a key growth driver for the skin barrier products market over the past few years. The pandemic has further accelerated this trend as people have become more cautious regarding the use of skin protecting and nourishing products. According to recent studies, nearly 70% of consumers have started using medically recommended skin barrier products after Covid-19 to strengthen their skin's defense. The increased focus on personal care and wellness is expected to continue posing opportunities for skin protectants market in the coming years.
Segment Analysis
The global skin barrier products market is segmented by product, application and end-user. The wound care dressings segment dominates the market owing to rising cases of burn injuries and increasing number of surgical procedures. Adhesive skin barriers are widely used for wound care in hospitals and clinics for securing medical devices such as IVs and monitoring equipment to the patient's skin.
Key Takeaways
Global Skin Barrier Products Market Size is expected to witness high growth during the forecast period owing to rising geriatric population and increasing prevalence of chronic wounds and skin diseases. The global Skin Barrier Products Market is estimated to be valued at US$ 1063.94 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
Regional analysis
North America accounts for the largest share of the global skin barrier products market due to growing burn and trauma cases, increasing use of skin barrier products in wound care applications and presence of advanced healthcare facilities. Asia Pacific is expected to witness the highest growth over the forecast period owing to rising medical tourism, increasing healthcare spending and expanding patient pool of chronic wounds.
Key players
Key players operating in the skin barrier products market are Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Danaher (US), Becton,nson and Company (US), General Electric Company (US), PerkinElmer Inc. (US), Olympus Corporation (Japan), Takara Bio, Promega Corporation (US), Agilent Technologies, QIAGEN, Lonza, Bruker Corporation and Illumina among others.
The key players are focusing on new product innovations and geographic expansion into emerging markets to strengthen their market presence. For instance, in June 2019, Merck obtained CE approval for its alpha-amylase test kit, which is designed for rapid analysis of alpha-amylase activity in blood and urine.
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