Insight Report 15 minutes PremiumThe Convergence of Science, Medicine and Beauty 2016 Coresight Research July 15, 2016 Executive Summary The boundaries between cosmetics and pharmaceuticals are blurring. Cosmeceuticals are the manifestation of a convergence of science, medicine and beauty. There are huge markets at stake for the combination of health, science and beauty. The global healthcare market is approximately $7.6 trillion, the global medicine market more than $1 trillion, and the global beauty market is nearly $300 billion, which add together to a combined $9 trillion market. The global market for cosmetic products offering drug-like benefits is estimated at $43 billion this year and is projected to grow at a CAGR of about 9% during 2014–2020, reaching $61 billion in 2020. Industry research will likely focus on the application of biomimetics, 3D bioprinting, and genetic and stem cell technologies for the development of beauty products in the future. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Dresswear Retailing: Sales To Dwindle in 2023 as Pent-Up Demand FadesThree Data Points We’re Watching This WeekCoresight Bites: Dollar Stores’ Growing Momentum in GroceryRethinking Last-Mile Delivery: Building Customer-Centric Retail Experiences