- Report ID: BMRC 951 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Chemical And Materials | Delivery Timeline:
"Cosmetovigilance Market is valued at USD 2524.2 Million in 2018 and expected to reach USD 3876.5 Million by 2025 with the CAGR of 6.32% over the forecast period."
Global Cosmetovigilance Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025- The growing importance of aesthetic appearance, increasing purchasing power in developing countries and growing acceptance of consumer towards cosmetic products are some of the major factors driving the growth Global Cosmetovigilance Market.
Cosmetovigilance is the ongoing and organized monitoring of the safety of cosmetics in terms of human health. Its main objective is to detect adverse effects of cosmetic products, and to prevent adverse effects by taking appropriate measures. Laws for cosmetic products mainly address the safety of product that may be utilized by large populations of health consumers. The identification and analysis of adverse effects related to cosmetic products is a process that is currently still, to a large extent, industry driven. It was first used in literature by Vigan (1997) to refer to the monitoring of cosmetic products safety. Today, it is known globally as a concept of public health. Cosmetovigilance was introduced by the French health products safety agency as a part of pharmacovigilance system for cosmetics. The method of Cosmetovigilance has evolved over the years and is anticipated to boom as a strong regulatory science to protect beauty and public health.
Cosmetovigilance market report is segmented on the basis of service type, reported categories, service provider and by regional & country level. Based upon service type, cosmetovigilance market is classified into pre-marketing services and post-marketing services. Based upon reported categories, cosmetovigilance market is classified into skincare, makeup, hair care, perfumes and deodorants and hair colorant. Based upon service provider, cosmetovigilance market is classified into clinical research organization (CROs) and business process outsourcing (BPOs).
The regions covered in this cosmetovigilance market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of cosmetovigilance is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Cosmetovigilance market report covers prominent players like,
Cosmetovigilance Market Dynamics–
Increasing acceptance of cosmetic products in developed and developing countries will primarily drive the growth of market. Awareness among people regarding enhancements in aesthetic appearance is also expected to foster the demand for cosmetics during the forecast period. For example, according to Cosmetics Europe, Germany spent around USD 15.4 billion on cosmetics in 2017. Additionally, for the first time on record, Americans spent more than 13.5 billion dollars on combined (surgical and nonsurgical) aesthetic procedures in 2016, according to the American Society for Aesthetic Plastic Surgery (ASAPS). Growing awareness among consumers in developed countries regarding reporting of adverse effects caused due to cosmetic products will positively impact cosmetovigilance market growth. However, lack of awareness in developing and underdeveloped countries concerning to cosmetovigilance may hamper market growth over the forecast period.
Cosmetovigilance Market Regional Analysis–
Europe is expected to dominate the market for a cosmetovigilance during the forecast period. EU Commission applies specific guidelines for reporting cases against adverse events. So, the situation in Europe is favorable for new entrants ready to grab potential share in cosmetovigilance market as the laws and trade policies are favorable. Additionally, awareness regarding the availability of the technologically advanced cosmetovigilance system is considerably high that will also supplement the market growth in this region.
North America is growing with the potential rate in terms of revenue for Cosmetovigilance due to high consumer spending on cosmetics along with awareness regarding personal health. Moreover, government support in this region regarding reporting of undesirable effects of cosmetics will further favor business growth. Growing interest on the safety of ingredients used in cosmetic products will clearly influence the regional market growth.
Key Benefits for Cosmetovigilance Market Report–
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
By Service Type:
By Reported Categories:
By Service Providers:
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Cosmetovigilance Market 2020 By Service Type Pre-marketing Services, Post-marketing Services, By Reported Categories Skincare, Makeup, Haircare, Perfumes & Deodorants, Hair Colorants, By Service Providers Clinical Research Organizations (CROs), Business Process Outsourcings (BPOs)) Forecast to 2025