SkinMedica Named 2011 Fastest Growing Professional Skin Care Brand in U.S. for Sixth Consecutive Year
CARLSBAD, Calif., June 12, 2012
CARLSBAD, Calif., June 12, 2012 /PRNewswire/ -- SkinMedica announced today that it has been named the fastest growing professional skin care brand in the U.S. for 2011, marking the sixth consecutive year that SkinMedica has received this honor. This distinction has been published by Kline & Company in its annual comprehensive study, "Professional Skin Care: U.S. Market Analysis and Opportunities" on sales of skin care products through professional channels.
The Kline & Company study reported that SkinMedica recorded sales growth of over 26% in 2011, compared to 2010. This is all the more significant against a backdrop of only 6% growth in the overall U.S. professional skin care market in 2011. The report also highlighted that manufacturers experienced a higher growth rate in the medical care providers' channel as consumers returned to physicians' offices for skin care treatment.
"We are very proud to be ranked fastest growing again by Kline & Company, an authority in professional skin care market research," said Mary Fisher, CEO. "Our rapid growth is a testament to our outstanding science based product line, innovative approach to skincare and our dedicated expert team."
"With our recent acquisition of Colorescience earlier this year, success of the hero TNS line, and support from key industry opinion leaders, we expect sales to continue to grow at a rapid pace," added Steve Loomis, CFO.
SkinMedica, Inc. is focused on developing, acquiring and commercializing products that improve the appearance of skin. The Company markets and sells to physicians, with a focus on aesthetics, both prescription and non-prescription skin care products. The Company's full line of aesthetic skin care products includes the revolutionary TNS Essential Serum® and hallmark TNS Recovery Complex®. The formulations in the Company's clinical skin care collection enhance skin appearance, reduce signs of aging and provide other skin care benefits.
SkinMedica's primary prescription product is VANIQA® (eflornithine hydrochloride) Cream, 13.9%, the only FDA-approved prescription product for the reduction of unwanted facial hair in women. Its products also include Colorescience Pro's dermatologist recommended, high-performance cosmetics, which are formulated to remedy and camouflage specific skin concerns and protect skin from damaging effects of the sun and environment. Colorescience's luxury aesthetic makeup line is sold in the physician and medical spa channels.
SkinMedica is based in Carlsbad, California. For more information, visit: www.skinmedica.com.
TNS Recovery Complex®, VANIQA®, and SkinMedica®, are registered trademarks of SkinMedica, Inc and affiliates.
Kline is a worldwide consulting and research firm dedicated to providing the kind of insight and knowledge that helps companies find a clear path to success. The firm has served the management consulting and market research needs of organizations in the chemicals, materials, energy, life sciences, and consumer products industries for over 50 years. For more information, visit www.KlineGroup.com.