THE WHAT? Beiersdorf CEO, Vincent Warnery warned investors that China’s luxury skin care market is declining strongly and that the company expects that the second quarter of the current financial year will be difficult for China’s prestige skin care sector after a tough first quarter.
THE DETAILS According to a report published by Reuters, Warnery revealed that the company’s La Prairie brand saw its market share grow in China.
THE WHY? China’s economy took a hit from its protracted lockdown conditions and while GDP is picking up, consumer spending remains subdued. At the same time, international brands have lost sales to local labels.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
