The Skin Barrier Products is Estimated to Witness High Growth Owing to Rising Skin Care Awareness

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The Skin
Barrier Products is Estimated to Witness High Growth Owing to Rising Skin Care
Awareness

Skin barrier products are used to protect and maintain the protective functions
of the skin barrier. They hydrate, nourish and strengthen the skin barrier by
providing essential lipids and ceramides. Some key skin barrier products
include barrier creams, barrier sprays/mists and barrier ointments. Barrier
creams form an occlusive layer on the skin surface to prevent moisture loss
while barrier sprays/mists work by depositing minerals and vitamins on skin's
surface. Barrier ointments are thick in consistency and effectively seal the
skin surface.

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 Dynamics:

Rising skin care awareness is one of the major drivers for the growth of global
skin barrier products market. Consumers are increasingly becoming aware about
the importance of maintaining skin barrier health and protecting the skin from
various environmental aggressors. As a result, demand for specialized skin
barrier protecting products designed to hydrate, calm and restore the skin
barrier is on the rise. Additionally, the growing personal care and cosmetics
industry has led to wider availability and enhanced marketing of skin barrier
products. Manufacturers are focusing on barrier strengthening formulations with
natural and soothing ingredients to cater to rising demand. Furthermore,
increasing Internet penetration is enabling consumers to access skin barrier
education resources online, thereby propelling the market growth.

SWOT Analysis

Strength: Skin barrier products have wide applications in healthcare, including
wound care and maintaining skin health. They form an effective protective layer
on the skin and help retain moisture. Growing awareness about skin care is
driving demand for these products.

Weakness: Development of new skin barrier products requires extensive research
and clinical trials, making them costly. Some patients also report side effects
such as skin irritation with continued usage.

Opportunity: The rising geriatric population prone to skin ailments and wounds
presents an opportunity. Technological advances are enabling development of
innovative barrier formulations for wound care and protection against external
agents.

Threats: Stringent regulatory norms delay product approvals and market entry.
Economic slowdowns can decrease discretionary spending on skincare. Substitutes
such as petroleum jelly also meet basic moisture barrier needs.

Key Takeaways

Global
Skin Barrier Products Market Size is expected to witness high growth
over the forecast period owing to the rising geriatric population susceptible
to skin issues. 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 comprises

North America represents the largest market for skin barrier products. This is
attributed to increased discretionary spending on skincare products and rising
incidence of diabetes causing chronic wounds. Several market players are based
in the US and Canada and invest heavily in R&D to develop innovative
solutions.

Key players related content comprises

Key players operating in the skin barrier products market are Thermo Fisher
Scientific Inc. (US), Merck KGaA (Germany), Danaher (US), Becton, Dickinson and
Company (US), 3M (US), Viatris Inc. (US), Cardinal Health (US), Molnlycke
Health Care AB (Sweden). These companies have a significant market share and
are focusing on product launches and geographical expansion to meet the growing
demand.