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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Generative AI InfrastructureFive Ways AI Is Being Used in Apparel and Footwear RetailAmazon Prime Day 2023: Small Businesses and Livestreaming Underpin the ~$10 Billion Shopping FestivalUS Back to School 2023: Channels and Retailers—Who Is Set To Capture Share?
