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In recent times, several developing nations have made significant strides in establishing state-of-the-art medical facilities and offering healthcare services at a fraction of the cost compared to developed nations. A prominent sector gaining traction in the realm of medical tourism is cosmetic surgery. This surge in popularity is largely driven by the fact that the majority of cosmetic surgeries are funded by individuals themselves. Consequently, the global medical tourism market is witnessing an increasing focus on cosmetic surgery as a key driver.
Medical tourism destinations are equipped with a substantial number of cosmetic surgery facilities, creating an environment conducive to attracting individuals seeking these procedures. Notably, countries such as India, Thailand, and the Philippines have emerged as popular tourist destinations with a noteworthy presence of highly qualified English-speaking doctors. This characteristic becomes a significant draw for international patients, further catalyzing the growth of medical tourism in the cosmetic surgery sector.
Moreover, several governments actively endorse and facilitate medical tourism in their respective nations. Thailand and Malaysia, for instance, have proactively supported and promoted medical tourism, contributing to the industry's expansion. Official websites in these countries serve as comprehensive platforms providing detailed information about medical care options and service providers, serving as valuable resources for prospective medical tourists planning visits. This proactive approach from governments not only instills confidence but also streamlines the process for individuals seeking medical treatments abroad.
Looking ahead, the growth trajectory of the medical tourism industry is expected to receive a substantial boost during the forecast period. The expanding landscape of medical tourism, driven by the popularity of cosmetic surgery, positions this sector as a key player in the global market. As individuals increasingly explore cost-effective and high-quality healthcare options abroad, the demand for cosmetic surgery procedures in medical tourism destinations is set to continue its upward trajectory.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Application, End User, and Region |
Mesotherapy Market Highlights:
Global Mesotherapy Market Overview
Mesotherapy Market size was valued at USD 0.22 billion in 2022. The Mesotherapy Market is projected to grow from USD 0.24 billion in 2023 to USD 0.56 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.48% during the forecast period (2023 - 2030).
The factors contributing to the growth of the market are the increasing prevalence of skin problems & hair loss and growing adoption of medical tourism.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mesotherapy Market Trends
- Increasing prevalence of skin problem and hair loss
Mesotherapy is a procedure that uses injections of hormones, vitamins, enzymes, and plant extracts to reduce excess fat and rejuvenate the skin. Skin disorders such as acne are becoming more common as a result of heredity, medications, smoking, and nicotine. Moreover, depression and stress are also the major causes of acne among adolescents, which further supports the market. For instance, in November 2021, the World Health Organization (WHO) reported that 1 in 7 people experience between 10 to 19 years old depression and anxiety.
Additionally, 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. Hence, rising incidences of hair loss and skin problems and growing adoption of medical tourism is propelling the market growth.
Mesotherapy Market Segment Insights
Mesotherapy Product Insights
Based on product, the Mesotherapy Market has been segmented into mesotherapy solutions, mesotherapy masks, mesotherapy creams, mesotherapy devices, and others. The mesotherapy solutions segment held the largest market share in 2022, and the mesotherapy devices are anticipated to register the highest CAGR from 2022 to 2030. Mesotherapy solutions are the most important ingredients required in the majority of mesotherapy procedures. Moreover, anti-aging creams and lotions play an important role in an individual's life by helping in the preservation of a youthful glow and hydration of skin.
Mesotherapy Application Insights
Based on application, the Mesotherapy Market has been segmented into anti-aging, facial rejuvenation, stretch marks, acne & scar treatment, fat loss, hair loss and others. Anti-ageing held the largest market share in 2022, and facial rejuvenation is anticipated to register the highest CAGR from 2022 to 2030. The rising awareness about age-related skin problems such as wrinkles, dullness of skin, and fine lines is expected to drive the demand for anti-aging products. Furthermore, new product launches and innovations are expected to drive the market demand for anti-aging creams and solutions. For instance, in May 2022, the Apyx Medical (US), announced the approval of Renuvion Dermal Handpiece for the treatment of moderate to severe wrinkles and rhytides, by US Food and Drug Administration (FDA), which is limited to patients with Fitzpatrick skin types I, II or III.
FIGURE 2: MESOTHERAPY MARKET, BY APPLICATION, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mesotherapy End User Insights
Based on end user, the Mesotherapy Market has been classified as hospitals, dermatology clinics, and others. Dermatology clinics held the largest market share in 2022 and is anticipated to register the highest CAGR from 2022 to 2030. The increased awareness and use of mesotherapy is increasing the number of professionals and practices that provide mesotherapy services. Furthermore, rising affordability and shorter outpatient procedures have resulted in greater use of solo practices, resulting in an increase in the number of dermatology clinics. Additionally, many hospitals in some countries still do not offer mesotherapy because the procedure has not been approved by the FDA.
Mesotherapy Regional Insights
By region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America accounted for the largest market share of 36.31% in 2022 owing to the high popularity of cosmetic procedures such as mesotherapy and the presence of a high number of cosmetic surgeons in the region. As per the International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, there were about more than 7,000 practicing plastic surgeons in the US.
Further, the major countries studied are: The US, Canada, Brazil, Germany, France, the UK, Italy, Spain, China, India, Japan, South Korea, Australia.
FIGURE 3: MESOTHERAPY MARKET, BY REGION, 2022 & 2030 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe is anticipated to witness significant growth during the forecast period due to a higher number of patients, the increasing concern regarding aesthetic appearance, and the presence of key companies in the region. As per the International Society of Aesthetic Plastic Surgery (ISAPS), Germany, and Italy accounted for the highest non-surgical procedures in the region in 2020. Furthermore, the Germany mesotherapy market held the largest market share in 2022 and is the fastest growing market in the Europe region.
Asia-Pacific is anticipated to register the highest growth rate over the forecast period. This is due to factors such as improving healthcare infrastructure, growing investment by major players with local manufacturers, increasing cosmetic expenditures, and growing demand for aesthetic procedures within the region. Moreover, China mesotherapy market held the largest market share in 2022 and India is the fastest growing market in the Asia-Pacific region.
Mesotherapy Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product, which will help the mesotherapy market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the mesotherapy industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Galderma Laboratories, L.P. (Switzerland) develops products in the field of aesthetics, prescription medicines, and consumer care. It offers a wide portfolio of products used to treat different dermatological conditions. The company is present in more than 100 countries, with six manufacturing units across the world. It has a strong presence in North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa. Moreover, in May 2020, the company received the Food and Drug Administration (FDA) approval for its Restylane Contour for cheek augmentation and correction of midface contour deficiencies in adults over the age of 21. The FDA's acceptance of Restylane Contour expanded the portfolio of Restylane products.
Key Companies in the Mesotherapy Market includes.
- 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)
- Others
Mesotherapy Industry Developments
May 2020:Galderma Laboratories, L.P. (Switzerland) received the Food and Drug Administration (FDA) approval for its Restylane Contour for cheek augmentation and correction of midface contour deficiencies in adults over the age of 21. The FDA's acceptance of Restylane Contour expanded the portfolio of Restylane products.
Mesotherapy Market Segmentation
Mesotherapy Product Outlook
- Mesotherapy Solutions
- Mesotherapy Masks
- Mesotherapy Creams
- Mesotherapy Devices
- Others
Mesotherapy Application Outlook
- Anti-aging
- Facial Rejuvenation
- Stretch Marks
- Acne & Scar Treatment
- Fat Loss
- Hair Loss
- Others
Mesotherapy End User Outlook
- Hospitals
- Dermatology Clinics
- Others
Mesotherapy Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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