South Korea Anti-acne Dermal Patch Market Forecast 2023-2030
KEY FINDINGS
The South Korea anti-acne dermal patch market is set to project a CAGR of 7.42% during the forecast period, 2023-2030. South Korea is accredited with introducing acne patches to other regions. Also, K-beauty products are increasingly preferred globally due to the use of traditional ingredients. Such aspects are estimated to benefit market growth in South Korea.
MARKET INSIGHTS
In South Korea, the acne variety with acne chemicals is the most prevalent. Accordingly, the growing prevalence of skin conditions like severe acne and pimples is set to propel the anti-acne dermal patch market in South Korea. Another major growth driver is the surging demand for instant acne treatment and medication. In addition, the rising anti-acne dermal patch demands among teenagers and young adults have boosted their adoption. Moreover, product launches by prominent brands contribute to the increased market prospects of South Korea. For instance, Hero Cosmetics, a popular Korean brand, launched the Mighty Patch for chin breakouts. In addition, in September 2021, COSRX launched the upgraded COSRX master patch intensive. It is an upgraded version of the hydrocolloid patches that form an air-tight, healing, and protective seal around the blemishes.
COMPETITIVE INSIGHTS
Some of the prominent companies operating in the market are COSRX, Hero Cosmetics, Sephora, Peach & Lily, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Key Drivers
- 2.5. Key Challenges
- 3. Key Analytics
- 3.1. Impact Of Covid-19 On Anti-acne Dermal Patch Market
- 3.2. Key Market Trends
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Buyers Power
- 3.3.2. Suppliers Power
- 3.3.3. Substitution
- 3.3.4. New Entrants
- 3.3.5. Industry Rivalry
- 3.4. Growth Prospect Mapping
- 3.5. Market Maturity Analysis
- 3.6. Market Concentration Analysis
- 3.7. Value Chain Analysis
- 3.7.1. Raw Materials
- 3.7.2. Manufacturers
- 3.7.3. Distributors
- 3.7.4. End-user
- 3.8. Key Buying Criteria
- 3.8.1. Size And Cost
- 3.8.2. Skin Tone
- 3.8.3. Ingredients
- 3.8.4. Product Features
- 4. Market By Ingredient Type
- 4.1. Chemical-based
- 4.2. Herbal-based
- 5. Market By Age Group
- 5.1. 10 To 17
- 5.2. 18 To 44
- 5.3. 45 To 64
- 5.4. Above 65
- 6. Market By Distribution Channel
- 6.1. Pharmacies & Drug Store
- 6.2. E-commerce Platforms
- 6.3. Retail Stores
- 7. Competitive Landscape
- 7.1. Key Strategic Developments
- 7.1.1. Acquisitions
- 7.1.2. Product Launches & Developments
- 7.1.3. Business Expansions
- 7.2. Company Profiles
- 7.2.1. 3m
- 7.2.1.1. Company Overview
- 7.2.1.2. Products
- 7.2.1.3. Strengths & Challenges
- 7.2.2. Cosrx
- 7.2.2.1. Company Overview
- 7.2.2.2. Products / Services List
- 7.2.2.3. Strengths & Challenges
- 7.2.3. Hero Cosmetics
- 7.2.3.1. Company Overview
- 7.2.3.2. Products / Services List
- 7.2.3.3. Strengths & Challenges
- 7.2.4. Peach & Lily
- 7.2.4.1. Company Overview
- 7.2.4.2. Products / Services List
- 7.2.4.3. Strengths & Challenges
- 7.2.5. Sephora
- 7.2.5.1. Company Overview
- 7.2.5.2. Products / Services List
- 7.2.5.3. Strengths & Challenges
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