The credit crunch in the economy over the years has restricted the consumer spending capacity however urbanization supported dermaceuticals demand
Japan’s economy underwent drastic changes due to several catastrophic events such as tsunami, earthquakes and nuclear disasters which adversely affected the industry outputs and dampened consumer confidence in the economy which is expected to stabilize in near future. Varying demographics and rising lifestyle are expected to grow the healthcare expenditure in Japan. Over the review period 2007-2012, the per capita expenditure on health has grown at a year on year average growth rate of 3.4%. This has stimulated the demand for medicated skin care and hair care cosmetics in the country.
Dermaceuticals in the country has been largely confined to skin care sector, and within this anti-aging market dominated the industry over the past five years from 2007-2012. In production value terms, Japanese medicated cosmetics market has showcased various ups and downs in its growth over the review period 2007-2012.