Minimally Invasive Cosmetic Procedures Market Size Is Estimated To Grow at a CAGR of 6.1% Till 2023 | Industry Trends, Size, Share and Insights
The global Minimally Invasive Cosmetic Procedures Market size is estimated to grow at a CAGR of 6.1% from 2017 to 2023. This growth graph is mainly owing to the augmenting demand for procedures such as microdermabrasion, laser hair removal, and many others. The minimally invasive cosmetic procedures market is escalating by the uptake of these procedures and along with increasing expenditure on overall cosmetic procedures such as botulinum toxins, soft tissue fillers, and adipose tissue regeneration are positively escalating the market.
Every year, millions of consumers go for research medical aesthetic treatments. Since some years, consumers are inclined towards minimally invasive treatments that have also created interest in surgical treatment options. With this, the demand for surgical procedures remained to be high. As per the research by MRFR, some popular treatments like Botox and breast augmentation continue to rank high in most researched overall, which supported the global Minimally Invasive Cosmetic Procedures Market to expand in an exponential rate.
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Global Minimally Invasive Cosmetic Procedures Market: Drivers & Trends
In recent time, cosmetic surgery has undergone significant technological changes. Such changes have altered the approaches to the use of lasers for facial cosmetic surgery, and minimally invasive techniques for the face, breast, and body-contouring surgery. Also, in the past few years, the demand for minimally invasive cosmetic procedures such as laser hair removal, microdermabrasion, and others have increased significantly, which can be attributed to the short method and ease of the process. Thus, the global minimally invasive cosmetic procedures market is estimated to inflate owing to the increasing reception of minimally invasive cosmetic procedures and escalating expenditure on cosmetics.
Furthermore, the plastic surgeons also provide options for correcting certain signs of aging such as crow’s feet, frown lines, and forehead wrinkles all in small steps, without surgery. As these procedures are done over a period of one or more visits, these minimally invasive treatments are sometimes beneficial for having procedures including Botulinum toxins, soft tissue fillers, chemical peel, laser hair removal, and microdermabrasion. Therefore, in 2015, the American Society of Plastic Surgeons stated that approximately 15.9 million surgical and minimally invasive cosmetic procedures were performed within the U.S. Whereas, as per the International Trade Administration in 2014, the per capita-cosmetic expenditure in Japan was about USD 174. These figures reflected the importance of minimally invasive cosmetic procedures, which took the global minimally invasive cosmetic procedures market to the next level of popularity with higher CAGR.
On the other hand, the escalating adoptions of cosmetic surgeries among individuals who suffer from obesity to remove unwanted body fat, alter, and improve body shape. People with having unwanted fat, diet-resistant fat, and exercise-resistant fat are opting for cosmetic surgeries, which is giving support to global minimally invasive cosmetic procedures market to expand more in the forecast period.
Minimally Invasive Cosmetic Procedures Market Segmentation:
The global minimally invasive cosmetic procedures market in MRFR’s reports has been segmented based on
• Procedures
• products
• application
• end-user
By the mode of procedures, the market is segmented into
• botulinum toxins
• soft tissue fillers
• chemical peel
• laser hair removal
• microdermabrasion
By the mode of products, the market is categorized into
• microdermabrasion products
• hair removal laser
• botulinum toxins
• others
Wherein, the microdermabrasion products segment is further sub-segmented into
• microdermabrasion tips
• microdermabrasion crystals
• microdermabrasion creams
• scrubs
The microdermabrasion crystals segment is also sub-segmented into
• aluminum oxide crystals
• sodium bicarbonate crystals
• others
The hair-removal laser segment is then again sub-segmented into
• Nd: YAG laser
• diode laser
• others
The botulinum toxins segment is sub-segmented into o
• nabotulinumtoxinA
• rimabotulinumtoxinB
• incobotulinumtoxinA
• others.
By the mode of application, the market is segmented into
• acne
• trauma scars
• hyperpigmentation
• adipose tissue regeneration
By the mode of end-users, the market is segmented into
• hospitals
• dermatology clinics
• home care
Minimally Invasive Cosmetic Procedures Market Regional Outlook:
On a geographical note, the Americas are leading the global minimally invasive cosmetic procedures market. This growth of the market here owes to the enormous demand for minimally invasive cosmetic procedures by the increasing prevalence of skin diseases such as acne, actinic keratosis, and others. Moreover, the changing lifestyle and incidence of market players such as Johnson & Johnson Services Inc., Procter & Gamble, Cutera, and others are in the line to boost the minimally invasive cosmetic procedures market growth in significant ways.
Europe is the second leading region in the global minimally invasive cosmetic procedures market owing to the growing demand for minimally invasive cosmetic procedures and increasing prevalence of acne within the region. Regionally, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market due to the presence of developed economies such as Italy, the U.K., France, and others.
The Asia Pacific is estimated to be the fastest growing for the global minimally invasive cosmetic procedures market. The growth is attributed due to the surging cosmetic expenditures and increasing demand for aesthetic procedures within the region. On the other hand, the Middle East and Africa have the least share in the global minimally invasive cosmetic procedures market owing to weak economies and low per capita income, especially within the African region. A majority of the minimally invasive cosmetic procedures market within this region is estimated to be held by the Middle East due to the presence of developed economies such as Kuwait, Qatar, Dubai, and others.
Minimally Invasive Cosmetic Procedures Market Key Players
Some of the key players in the global minimally invasive cosmetic procedures market are
• Johnson & Johnson Services Inc. (U.S.)
• Procter & Gamble (U.S.)
• Koninklijke Philips N.V. (The Netherlands)
• Altair Instruments (U.S.)
• Silhouet-Tone (Canada)
• Advanced Microderm, Inc. (U.S.)
• Dermaglow (U.S.)
• New Shining Image LLC. (U.S.)
• Lasertec Medical Service (U.K)
• Delasco (U.S.), Cutera (U.S.)
• Allergan Plc (Republic of Ireland)
• Ipsen Group (France)
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Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
To Be Continued………….
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