Market Research Future (MRFR) has published a cooked research report on the “global mesotherapy market” that contains the information from 2019 to 2030. The mesotherapy market is projected to register a CAGR of 12.48% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global mesotherapy market— FILORGA (France), Mesoskinline (Denmark), Koru Pharmaceuticals Co., LTD. (South Korea), Fusion Meso (Spain), Toskani Cosmetics (Spain), AbbVie Inc. (US), Dermoaroma (Italy), Galderma Laboratories, L.P. (Switzerland), Messoessence (Spain), Institute BCN (Spain), and others.
Mesotherapy Market Highlights
The global mesotherapy market is accounted to register a CAGR of 12.48% during the forecast period and is estimated to reach USD 0.56 billion by 2030.
The key factors attributing to drive the market growth are the increasing prevalence of skin problems & hair loss and growing adoption of medical tourism. Many developing nations have recently built cutting-edge medical facilities and provided healthcare services at a fraction of the price of developed nations. One of the most popular procedures in the medical tourism sector is cosmetic surgery. The majority of cosmetic surgeries are self-funded, so this sector of the global medical tourism market has become increasingly driven by cosmetic surgery. Medical tourism locations have a sizable number of cosmetic surgery facilities. Additionally, a number of popular tourist destinations, like India, Thailand, and the Philippines, have highly qualified English-speaking doctors who draw in patients from abroad, further promoting medical tourism.
However, side effects associated with the therapy are a threat to the growth of the market. In contrast, changing lifestyle and increasing urbanization is likely to create market opportunity for the global market leaders.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Mesotherapy Market
Segment Analysis
The global mesotherapy market has been segmented based on product, application, and end user.
On the basis of product, the mesotherapy market is segmented into mesotherapy solutions, mesotherapy masks, mesotherapy creams, mesotherapy devices, and others. The mesotherapy solutions segment accounted for the largest market share of over 30% in 2022, and the mesotherapy devices segment is anticipated to be the fastest-growing for the forecast period of 2023–2030. The wide range of applications, such helping in the preservation of a youthful glow, and hydration of the skin, are burgeoning the segment's growth.
Based on application, the mesotherapy market is segmented into anti-ageing, facial rejuvenation, stretch marks, acne & scar treatment, fat loss, hair loss, and others. The anti-ageing segment accounted for the largest share in 2022, and facial rejuvenation is the fastest-growing segment during the forecast period. The strong presence of pipeline products, as well as the increasing approval for laser-based therapy to treat hair loss conditions, are expected to drive growth. For instance, according to the International Society of Hair Restoration Surgery (ISHRS), Europe experienced the highest growth in surgical hair restoration procedures in 2019, with nearly 106,949 procedures performed, a 35% increase from 2016.
The mesotherapy market, based on end user, is segmented into hospitals, dermatology clinics, and others. The dermatology clinics segment accounted for the largest market with a market share of 66.48% in 2022. The increased awareness and use of mesotherapy are increasing the number of professionals and practices that offer mesotherapy services. Rising affordability and shorter outpatient procedures have resulted in increased use of solo practices, resulting in an increase in the number of dermatology clinics.
Regional Analysis
The global mesotherapy market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The North America further includes US and Canada. The Europe includes countries namely Germany, France, UK, Italy, Spain, and Rest of Europe. The mesotherapy market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific. Moreover, the Rest of the World comprises of Middle East, Africa, and Latin America.
The growing elderly population and rising per capita expenditure is also helping to grow the mesotherapy market in North America. For instance, according to the American Society of Plastic Surgeons (ASPS), the geriatric population accounts for the largest share of the age group that undergoes cosmetic surgeries. Thus, the growing geriatric population drives the demand for mesotherapy in the North America region.
Europe has the second-largest market share due to rising healthcare expenditure, increased company activities, and government initiatives in developing effective mesotherapy products for cellulite, excess weight, body contouring, and face and neck rejuvenation. For instance, according to the Eurostat database, healthcare expenditure was USD 1,225,576.3 million, or 8.0% of GDP, in 2020.
Asia-Pacific is anticipated to register the highest growth rate over the forecast period due to the growing demand for aesthetic procedures. According to the International Society of Aesthetic Plastic Surgery (ISAPS)'s global survey 2020, out of the top 10 countries for medical cosmetic procedures, two of the countries belonged to this region, which were Japan and India in the fourth and tenth places, respectively. Moreover, the rising old-age population in this region is expected to boost mesotherapy over the period in the Asia-Pacific.
The rest of the world mesotherapy market is segmented into major regions, namely the Middle East, Africa, and Latin America. A majority of the market within this region is estimated to be held by Latin America and the Middle East. According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, Brazil accounted for about 622,396 nonsurgical cosmetic procedures.
Key Findings of the Study
- The global mesotherapy market is expected to reach USD 0.56 billion by 2030 at a CAGR of 12.48% during the forecast period.
- The Europe region held the second largest market share of the global market, owing to a rising healthcare expenditure, and a favorable government initiative.
- Based on application, the anti-ageing held the largest market in 2022, with a market share of 24.79%.
- FILORGA (France), Mesoskinline (Denmark), Koru Pharmaceuticals Co., LTD. (South Korea), Fusion Meso (Spain), Toskani Cosmetics (Spain), AbbVie Inc. (US), Dermoaroma (Italy), Galderma Laboratories, L.P. (Switzerland), Messoessence (Spain), Institute BCN (Spain), and others are the key players in the market.
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Companies Covered | 15 |
Pages | 128 |
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