The Global “Minimally-Invasive Cosmetic Procedures Market” is growing pervasively mainly due to the augmenting demand for procedures such as microdermabrasion, laser hair removal, and others.
Minimally-Invasive Cosmetic Procedures Market
Acknowledging the ascending graph of the growth, the market is climbing steadily, Market Research Future (MRFR), in its recently published study report foretells that the global minimally-invasive cosmetic procedures market will register over 6.1% CAGR from 2017 to 2023, increasing by 2023. The market is booming and estimated to garner further prominence over the anticipated period.
The Minimally-Invasive Cosmetic Procedures Market is increasing the uptake of these procedures. Moreover, increasing expenditure on overall cosmetic procedures such as botulinum toxins, soft tissue fillers, and adipose tissue regeneration are escalating the market on the global heights.
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On the other hand, factors such as the high cost of these procedures and stringent regulatory approvals are acting as headwinds that are impeding the market growth. Besides, the high risks of adverse effects associated with these procedures obstruct the growth of global minimally-invasive cosmetic procedures.
Competitive Analysis by Major Key Players
The minimally-invasive cosmetic procedures market appears highly competitive and fragmented characterized by several large-scale players having a regional and international presence. Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage and to maintain their positions in this market. The high growth potential demonstrated by the market is likely to attract many high-profile new entrants to the market further resulting in intensifying the competition.
Substantial investments made in the development of innovative treatment options are expected to bring about many product/service extensions and technological innovations. In the wake of growing emphasis of the market players on the expansion of their network and product distribution mainly into developing economies, the market is expected to witness overall growth over the forecast period.
Some of the players leading the market include,
- Procter & Gamble (U.S.)
- Johnson & Johnson Services Inc. (U.S.)
- Koninklijke Philips N.V. (The Netherlands)
- Silhouet-Tone (Canada)
- Altair Instruments (U.S.)
- Advanced Microderm Inc. (U.S.)
- New Shining Image LLC. (U.S.)
- Dermaglow (U.S.)
- Delasco (U.S.)
- Lasertec Medical Service (U.K)
- Cutera (U.S.)
- Allergan Plc (Republic of Ireland)
- and Ipsen Group (France).
MRFR has segmented the analysis into five key dynamics for better understanding:
By Procedures: Botulinum Toxins, Soft Tissue Fillers, Chemical Peel, Laser Hair Removal, and Microdermabrasion among others.
By Products: Microdermabrasion Products (microdermabrasion tips, microdermabrasion crystals, microdermabrasion creams and scrubs, and others.), Hair Removal Laser, and Botulinum Toxins among others.
By Application: Acne & Trauma Scars, Hyperpigmentation, and Adipose Tissue Regeneration among others.
By End-users: Hospitals, Dermatology Clinics, and Home Care, among others.
By Regions: Europe, North America, APAC and the Rest-of-the-World.
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Comprehensive Regional Analysis
Geographically, North American region accounts for the leading market for minimally-invasive cosmetic procedures followed by the markets of Europe & Asia Pacific, respectively.
The European region accounts for the second-largest market for minimally-invasive cosmetic procedures, following the North American market closely.
The western European countries such as Italy, the U.K., and France, heading with the well-developed economy leads to the growth of the regional market. With the increasing investment in minimally-invasive cosmetic procedures and a rising number of enthusiasts of these procedures, the market is estimated to register a phenomenal CAGR during the review period.
The Asia Pacific region is emerging as a lucrative market for minimally-invasive cosmetic procedures. The burgeoning media and entertainment industry in India acts as a significant driving force substantiating the market growth in the region.
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- Pharmaceutical companies
- Biotechnological institutes
- Government and private laboratories
- Research and Development (R&D) companies
- Medical research laboratories
- Market research and consulting service providers
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