Over the forecast period, dermatologicals is expected to witness steadily increasing retail current value growth rates, as the harsh and worsening climate leads to skin irritation and other skin conditions amongst a growing proportion of the population. With climate change becoming more extreme, the summers will become hotter and the winters colder, causing more severe problems and the need for effective and efficient remedies.
The Saudi government aims to diversify its economy, provide employment opportunities, and attract foreign investment through Vision 2030 to localise manufacturing in Saudi Arabia. This was already seen in the review period, with Julphar Gulf Pharmaceuticals offering products manufactured locally at its factory in King Abdullah Economic City (KAEC).
The pandemic led to a significant increase in the share of sales via e-commerce in Saudi Arabia, as the various curfews and quarantines that were imposed made in-person shopping difficult. Despite the return to normal lives in the Kingdom, the share of e-commerce has continued to rise, due to the convenience and wide product range available online.
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Understand the latest market trends and future growth opportunities for the Dermatologicals industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Dermatologicals industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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