Dispensing skin care has become a vital part of aesthetic physicians’ businesses in 2020. The reason: It offers an additional source of revenue to their core business, which in most cases, has suffered tremendously due to COVID-19. Our soon-to-be published report, Physician-Dispensed Skin Care: Perception and Satisfaction Survey, will focus on the pandemic’s impact on aesthetic physicians’ businesses and what the “new normal” will look like from now and through 2021. Continue reading
Tag Archives: physician-dispensed skin care
Professional Skin Care: Facing the Future with Facts
As professional skin care outlets re-open across the country, we’re looking at what the future holds for them. Lockdown restrictions are now being eased, but the question remains: How will the market’s three pillars—salons and spas, physicians, and retail (namely, e-commerce)—re-emerge? Continue reading
Professional Skin Care: Surviving the New Reality
Most professional skin care outlets in the United States have been closed since mid-March due to the coronavirus pandemic, with no clear indication of when reopenings will occur. In fact, COVID-19 may mark a permanent closure for many of these outlets, particularly in the spa channel. For aesthetic physicians, tele–dermatology and taking out a small business loan to stay afloat will hopefully preserve businesses.
Cha-Ching: China’s Professional Skin Care Sales Are on the Rise
The Chinese professional skin care market grows by nearly 7% in 2018, higher than the global market growth of 6%, according to Kline’s just-published China volume of our annual Professional Skin Care Global Series report. China continues to be the largest market for professional skin care products, accounting for approximately 40% of global sales in 2018. Significant growth of the medical care providers and retail channels primarily drives overall sales of the Chinese market.Continue reading
The Growing Business of Medical Care Providers
Globally, medical care providers tend to be the channel of choice among consumers seeking help with their skin care problems, ranging from fine lines and wrinkles, to brown spots, acne, and sagging skin. The channel includes dermatologists and plastic surgeons that offer an array of both surgical and non-surgical procedures and skin care treatments that attracts consumers. In 2016, Americans spend $6.4 billion on non-surgical procedures, up 18.5% from $5.4 billion in 2015, according to the American Society for Plastic Surgery.
Medical care providers is the key channel driving growth in the skin care sector across several markets, including China, Europe, and the United States, according to Kline’s upcoming Professional Skin Care Global Series report. The channel records strong growth of 28% in China, 10% in Europe, and continues to record mid single-digit growth in South Korea and the United States.Continue reading
Professional Skin Care: Eye on Europe
The professional skin care market in Europe enjoys another year of dynamic growth, according to Kline’s soon-to-be-published Professional Skin Care Global Series report. Key countries for the region, such as France, the United Kingdom, and Germany, account for over 50% of the total European sales in 2017. The region is dominated by local companies, such as Clarins, Babor, and Dermalogica, respectively.
Beauty institutes and spas continue to be the largest channel, accounting for the majority of the market share. However, growth through this channel is slowing down due to the growing popularity of the retail channel, especially the Internet, as more consumers are making replenishment purchases through the Internet to refill their product supply rather than visiting aestheticians. Some large brands, such as Dermalogica, have also increased their focus on the retail channel in 2016 and 2017. Continue reading