Minimal Invasive Cosmetic Market 2025 | Industry Outlook, Growth, Trends and Forecast
According to a new report published by Reports Monitor titled, “THE GLOBAL MINIMAL INVASIVE COSMETIC PROCEDURE MARKET, GROWTH OPPORTUNITIES AND FORECAST TILL 2025” the global minimal invasive cosmetic procedure market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025
There are varieties of cosmetic procedures which are widely used by individuals to improve aesthetic beauty. Cosmetic procedures can be of two types surgical or minimally invasive. During the past few years, the demand for minimally invasive cosmetic procedures such as laser hair removal, microdermabrasion, and others have increased. This can be attributed to the short procedure time and ease of process. Minimally invasive surgery is surgery done with the aid of a viewing scope and specially designed surgical instruments. The scope allows the surgeon to perform major surgery through several tiny openings without the need for a large incision. Thus, the market is estimated to grow due to the increasing acceptance of minimally invasive cosmetic procedures and increasing expenditure on cosmetics. As per the American Society of Plastic Surgeons, in 2015 approximately 15.9 million surgical and minimally-invasive cosmetic procedures were performed within the U.S.
The growing demand for cost effective and safer cosmetic procedures is the major driver of the market. Apart from this the growing beauty-conscious population is also a major driver of the market. Also, the growing acceptance of minimal invasive cosmetics and prevalence of skin diseases such as acne are also fueling the growth of the market. Additionally, increasing affordability of cosmetic surgeries in developing countries is a major boost for the market. However, lack of professionals and non-availability of minimal invasive cosmetic products are the major restraints in the growth of market. The nonsurgical cosmetic procedure segment is likely to witness the fastest growth in coming years due to higher awareness and lower risk in comparison to surgical procedures. Moreover, the increasing expenditure on cosmetics and growing funding in research & development in minimal invasive technology will keep the growth of the market swift.
The minimal invasive cosmetic surgery is segmented on the basis of product, procedure, application, end user and region.
Based on product the market is segmented into microdermabrasion products, hair removal lasers, botulinum toxins, and others. The microdermabrasion products segment is sub-segmented into microdermabrasion tips, microdermabrasion crystals, microdermabrasion creams and scrubs, and others.
On the basis of procedure the market is categorized as botulinum toxins, soft tissue fillers, chemical peel, laser hair removal, microdermabrasion, and others.
Based on application the market is segmented into acne and trauma scars, hyperpigmentation, adipose tissue regeneration, and others.
On the basis of end user the market is segmented on the basis of hospitals, dermatology clinics, home care, and others.
Regionally the market is segmented into North America, Europe, Asia pacific and Latin America, Middle East & Africa.
North America dominates the global market owing to their advancement in technology and huge demand for cosmetics product. The growing prevalence of skin diseases such as acne, actinic keratosis & others and increasing disposable income of the region are driving force of the region.
Europe is the second most dominated market owing to advancement in technology and growing demand for minimal invasive cosmetic surgery. Western European countries such as France, Italy and U.K are bigger economies and occupies majority of the market as some of the key players belong to the region.
Asia pacific region is expected to show the fastest growth in the forecast period. Countries of this region are making advancements in cosmetic surgeries and overall beauty concern is increasing in the region.
Middle East and Africa holds the least share in the global minimally-invasive cosmetic procedures market due to the presence of poor economies and low per capita income, especially within the African region.
Key players: 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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