Minimally-Invasive Cosmetic Procedures Market 2022
The global minimally invasive cosmetic procedures market is expected to register a CAGR of 8.68% during the forecast period and is expected to hit USD 8,400.33 million by 2027.
Minimally invasive procedures including neurotoxins, dermal fillers, deoxycholic acid, lasers, peels, and microneedling offer powerful, less permanent adjuncts to surgery that are highly effective in select patients.
The global minimally invasive cosmetic procedures market is mainly driven by the increasing number of minimally invasive cosmetic procedures and growing government andprivate funds andassistance for research and development. The increasing number of product launches and approvals is also driving the growth of the market. However, factors such as unfavorable reimbursement scenarios and lack of regulation in cosmetic procedures are restraining the growth of the market.
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Major Key Players:
MRFR recognizes the following companies as the key players in the global minimally invasive cosmetic procedures market—AbbVie Inc (US), The Procter & Gamble Company (US), Koninklijke Philips NV (Netherlands), Altair Instruments (US), Silhouet-Tone Corporation (Canada), Advanced Microderm Inc. (US), Dermaglow (US), New Shining Image LLC (US), Lasertec Medical Services (Ireland), and Cutera (US).
The global top non surgical cosmetic procedures market has been divided based on products, procedures, application, and end user.
Based on products, the minimally invasive cosmetic surgery market has been segregated into hair removal lasers, botulinum toxins, micro dermabrasion products, and others. The hair removal lasers segment is further segregated into Neodymium-doped Yttrium Aluminum Garnet (Nd: YAG) laser, diode lasers,and others. The botulinum toxin segment is further divided into Onabotulinumtoxin A, Incobotulinumtoxin A, Rimabotulinumtoxin B, and others. The microdermabrasion products segment is further divided into microdermabrasion tip, microdermabrasion crystals, microdermabrasion creams and scrub, and others.
Based on procedures,the markethas been divided into botulinum toxins, soft tissue fillers, chemical peel, laser hair removal, microdermabrasion, and others. On the basis of application, the market is divided into acne, trauma scars, hyper pigmentation, adipose tissue regeneration, and others.On the basis of end user, the market is segmented into hospitals, dermatology clinics, and others.
The global minimally invasive cosmetic procedures market, based on region, has been divided into North America, Europe, Asia-Pacificand the Rest of the World. North America is expected to dominate during the forecast period, with the largest market share due to a well-developed healthcare sector, rising prevalence and incidence rate of trauma scars, and the presence of leading players.The high popularity of cosmetic procedures and the presence of many cosmetic surgeons in North America are expected to propelthe growth of the minimally invasive cosmetic procedures marketin this region. As per the International Society of Aesthetic Plastic Surgery (ISAPS), there were more than 6,900 practicing plastic surgeons in the US in 2019.
Europe held a significant share in the global minimally invasive cosmetic procedures market. This can be attributed to a higher number of patients, the increasing popularity of minimally invasive cosmetic procedures, and key companies in the region. According to ISAPS, Italy, Germany, and France accounted for about 774,272, 647,188, and 423,084 non-surgical procedures.
Asia-Pacific is estimated to be the fastest-growing region for the global minimally invasive cosmetic procedures market, mainly due to the increasing cosmetic expenditures and growing demand for aesthetic procedures within the region. According to the ISAPS’s global survey 2019, out of the top tencountries for medical cosmetic procedures, two countries belonged to this region: Japan and India were placed third and ninthrespectively in 2018.
The minimally invasive cosmetic procedures market in the Rest of the World is segmented into major regions, namely the Middle East, Africa, and Latin America.Countries such as Brazil are driving the market in the Latin American region.According to the ISAPS, in 2019,Brazil was placed in the second spot after the US out of the top tencountries in the surveyfor a higher percentage of cosmetic surgeries.
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