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Insight Reports

The Convergence of Science, Medicine and Beauty 2016

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Coresight Research

Key Points

  • 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.

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