According to the MRFR reports, the global minimally invasive cosmetic procedures market is projected to attain a valuation of USD 8,400.33 million by 2027 while registering a healthy CAGR of over 8.68% during the review timeframe.
Minimally invasive surgeries refer to making small incisions on the body. The global market for these procedures has been witnessing massive growth over the years owing to the factors such as effective marketing strategies by key players, rising healthcare expenditures, the growing medical tourism industry, increasing demand for minimally invasive cosmetic surgery, and a rising number of product launches and approvals. However, the market growth is anticipated to be hampered by the complications related to cosmetic procedures and unfavorable reimbursement scenarios.
Segment Analysis
The global minimally invasive cosmetic procedures market is divided into several segments based on products, procedures, application, end-user, and region.
Based on product, the global market is divided into microdermabrasion products, botulinum toxins, hair removal lasers, and others.
Based on procedures, the minimally invasive cosmetic procedures market is split into microdermabrasion, laser hair removal, chemical peel, soft tissue fillers, botulinum toxins, and others.
The minimally invasive cosmetic procedures market is divided into applications such as adipose tissue regeneration, hyperpigmentation, trauma scars, acne, etc.
The global market is bifurcated into dermatology clinics, hospitals, and others based on end-users.
Competitive Analysis
The global Minimally Invasive Cosmetic Procedures Market offers both existing and new players lucrative. The market has an intensely competitive landscape with many players spread worldwide. The players worldwide adopt the latest strategies such as product development, research, partnerships, mergers, and several others to strengthen their market position. The list of prominent players across the global market includes Cutera, Inc. (U.S.), New Shining Image L.L.C. (U.S.), Advanced Microderm Inc. (U.S.), Altair Instruments (U.S.), The Procter & Gamble Company (U.S.), Lasertec Medical Services (Ireland), Dermaglow (U.S.), Silhouet-Tone Corporation (Canada), Koninklijke Philips N.V. (Netherlands), AbbVie Inc. (U.S.), and several others.
Recent Developments
- December 2021 – a medical device company specializing in highly effective, cost-effective, minimally-invasive, and non-invasive treatments for oncological and non-oncological conditions, Sensus Healthcare, Inc. announced an exclusive distribution agreement for the U.S. region with Mattioli Eng. Italia S.P.A. for Sensus's TransDermal Infusion System non-invasive drug delivery system. The company strategizes to start marketing this System to dermatologists across the country starting right away.
- June 2021- P&G has announced the latest sensitive skin care brand launch, suitably named GoodSkin MD. The brand soft-launched on the company's D2C site and has now debuted on CVS.com to boot and is ready to hit the market in July. The brand is developed to be gender-inclusive and aimed at the millennial market. The product range includes six cleansers, rescue cream, a night cream, serums, and sunscreen.
Regional Analysis
The Minimally Invasive Cosmetic Surgery market is studied across four major regions, including Asia-Pacific, Europe, North America, and the Rest of the World.
The North American regional market has dominated the field globally in 2020 with a contribution of over 34% and is projected to exhibit a CAGR of over 9.18% during the review timeframe. The market's growth is attributed to a high number of cosmetic surgeons and the high popularity of cosmetic procedures.
The European region is anticipated to grow significantly over the review timeframe and display a CAGR of 7.90%. The regional market's growth is given the presence of key companies in the region, growing popularity of minimally invasive cosmetic procedures, and higher number of patients.
The Asia-Pacific region is likely to be the highest growing region globally over the coming years. The region's growth is attributed to factors such as the high percentage of the old-age population, growing demand for aesthetic procedures, and growing cosmetic expenditures.
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