Growth in total dermatologicals current value sales over the forecast period looks set to be modest, while all categories are expected to see volume sales increase at slower rates than during the review period or decline. Although various types of skin problems are becoming more common in Taiwan due to demographic, lifestyle and environmental trends, overall demand will be subdued by the fact that many consumers tend to be more reluctant to self-medicate for such conditions than they are for other types of ailments, and instead prefer to seek professional treatment, whether from doctors or practitioners of traditional Chinese medicine.
Population ageing should help to buoy overall demand for dermatologicals during the forecast period, as older adults are at greater risk of developing many skin problems and often suffer more frequent and severe symptoms. Among the categories best placed to profit from this trend are medicated shampoos, topical antifungals, hair loss treatments, antipruritics, topical germicidals/antiseptics and haemorrhoid treatments.
Taiwan experiences relatively high levels of UV radiation due to its geographical location, and local consumers are increasingly conscious that this is a major risk factor for skin cancer, premature skin ageing and related conditions. Accordingly, the forecast period is likely to see more dermatologicals manufacturers introduce products with higher SPF (sun protection factor) ratings and broad-spectrum UV protection.
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Understand the latest market trends and future growth opportunities for the Dermatologicals industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Dermatologicals
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 DefinitionsThis report originates from Passport, our Dermatologicals research and analysis database.
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