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    Minimally-Invasive Cosmetic Procedures Market

    ID: MRFR/MED/4467-CR
    132 Pages
    Rahul Gotadki
    August 2021

    Minimally Invasive Cosmetic Procedures Market Research Report Information by Products (Hair Removal Lasers, Botulinum Toxins, Microdermabrasion Products), Procedures (Botulinum Toxins, Soft Tissue Fillers, Chemical Peel, Laser Hair Removal, Microdermabrasion), Application (Acne, Trauma Scars, Hyperpigmentation, Adipose Tissue Regeneration), End User (Hospitals, Dermatology Clinics) - Forecast till 2032

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    Minimally-Invasive Cosmetic Procedures Market Summary

    As per Market Research Future Analysis, the Minimally Invasive Cosmetic Procedures Market was valued at USD 5.80 Billion in 2023 and is projected to grow to USD 12.85 Billion by 2032, with a CAGR of 8.06% from 2024 to 2032. The market is driven by increasing demand for minimally invasive surgeries, growing medical tourism, rising healthcare expenditures, and effective marketing strategies. However, challenges such as unfavorable reimbursement scenarios and complications related to cosmetic procedures may hinder growth. The COVID-19 pandemic has also impacted the market, delaying procedures and increasing interest in cosmetic surgeries among women. The market is segmented by products, procedures, applications, and end users, with botulinum toxins and hair removal lasers being significant segments.

    Key Market Trends & Highlights

    The market is witnessing significant growth driven by various factors.

    • Market Size in 2023: USD 5.80 Billion
    • Projected Market Size by 2032: USD 12.85 Billion
    • CAGR from 2024 to 2032: 8.06%
    • COVID-19 led to a 15% decrease in cosmetic procedures in 2020

    Market Size & Forecast

    2023 Market Size USD 5.80 Billion
    2024 Market Size USD 6.39 Billion
    2032 Market Size USD 12.85 Billion

    Major Players

    AbbVie Inc. (US), The Procter & Gamble Company (US), Koninklijke Philips N.V. (Netherlands), Altair Instruments (US), Silhouet-Tone Corporation (Canada), Advanced Microderm Inc. (US), Dermaglow (US), New Shining Image LLC (US), Lasertec Medical Services (Ireland), Cutera, Inc. (US)

    Minimally-Invasive Cosmetic Procedures Market Drivers

    Aging Population

    The aging population is a critical driver of the Global Minimally-Invasive Cosmetic Procedures Market Industry. As individuals age, they often seek solutions to address signs of aging, such as wrinkles and sagging skin. Minimally-invasive procedures provide effective options for these concerns without the need for extensive surgical interventions. The demographic shift towards an older population is evident globally, with a significant portion of the population over 65 years old. This trend is likely to increase the demand for cosmetic procedures that cater to aging-related concerns, thereby propelling market growth in the coming years.

    Growing Medical Tourism

    Growing medical tourism contributes to the expansion of the Global Minimally-Invasive Cosmetic Procedures Market Industry. Patients increasingly travel abroad for cosmetic procedures due to lower costs and access to advanced technologies. Countries known for their cosmetic surgery expertise, such as Brazil and Thailand, attract international patients seeking high-quality care at competitive prices. This trend not only boosts local economies but also enhances the global market by increasing the number of procedures performed. As medical tourism continues to rise, it is expected to have a positive impact on the overall growth of the minimally-invasive cosmetic procedures market.

    Market Growth Projections

    The Global Minimally-Invasive Cosmetic Procedures Market Industry is poised for substantial growth, with projections indicating a market value of 6.39 USD Billion in 2024, escalating to 16.2 USD Billion by 2035. This trajectory suggests a compound annual growth rate of 8.83% from 2025 to 2035. Such growth is indicative of the increasing consumer interest in non-invasive cosmetic solutions and the expanding range of available procedures. The market's upward momentum reflects broader societal trends towards self-improvement and aesthetic enhancement, positioning it as a dynamic sector within the healthcare industry.

    Technological Advancements

    Technological advancements play a pivotal role in shaping the Global Minimally-Invasive Cosmetic Procedures Market Industry. Innovations in laser technology, injectables, and imaging techniques enhance the efficacy and safety of procedures. For instance, the introduction of advanced laser systems allows for more precise treatments with reduced downtime. Additionally, the development of new dermal fillers and botulinum toxin formulations improves patient outcomes and satisfaction. These advancements not only attract a broader clientele but also encourage repeat procedures, thereby contributing to market growth. The continuous evolution of technology suggests that the industry will likely maintain its upward trajectory in the coming years.

    Increased Awareness and Acceptance

    Increased awareness and acceptance of minimally-invasive cosmetic procedures significantly influence the Global Minimally-Invasive Cosmetic Procedures Market Industry. Educational campaigns and social media platforms have played a crucial role in demystifying these procedures, making them more accessible to the general public. As individuals become more informed about the benefits and risks, they are more likely to consider these options. This shift in perception is particularly pronounced among millennials and Generation Z, who are more open to cosmetic enhancements. Consequently, this growing acceptance is expected to drive market expansion, as more individuals seek to enhance their appearance through non-invasive means.

    Rising Demand for Aesthetic Procedures

    The Global Minimally-Invasive Cosmetic Procedures Market Industry experiences a notable increase in demand for aesthetic procedures, driven by a growing societal emphasis on physical appearance. Individuals are increasingly seeking non-surgical options that offer quicker recovery times and less invasive techniques. This trend is particularly evident among younger demographics who prioritize maintaining their appearance. As of 2024, the market is valued at 6.39 USD Billion, with projections indicating a rise to 16.2 USD Billion by 2035. This suggests a robust compound annual growth rate of 8.83% from 2025 to 2035, highlighting the industry's potential for sustained growth.

    Key Companies in the Minimally-Invasive Cosmetic Procedures Market market include

    Industry Developments

      • In June 2021, The Procter & Gamble Company (US) launched a new skincare line GoodSkin MD
      • In July 2020, Koninklijke Philips N.V.(Netherlands) acquired Montreal-based Reacts, a Canadian leader in developing telehealth solutions and augmented reality,to accelerate and expand its development in the context of the growing needs for remote collaboration in healthcare
      • In November 2019, Allergan, Inc.'s (US) wholly-owned subsidiary, Allergan Pharmaceuticals International Limited and Exicure, Inc. (Ireland), entered a global collaboration agreement to discover and develop novel treatments for hair loss disorders

    Future Outlook

    Minimally-Invasive Cosmetic Procedures Market Future Outlook

    The Global Minimally-Invasive Cosmetic Procedures Market is projected to grow at 8.83% CAGR from 2024 to 2035, driven by technological advancements, increasing consumer demand, and a growing focus on aesthetic appeal.

    New opportunities lie in:

    • Develop AI-driven consultation tools to enhance patient experience and streamline service delivery.
    • Expand product offerings to include personalized skincare solutions tailored to individual needs.
    • Leverage social media marketing strategies to engage younger demographics and boost brand visibility.

    By 2035, the market is expected to reach unprecedented levels, reflecting robust growth and innovation.

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 5.80 (USD Billion)
    Market Size 2024 6.39 (USD Billion)
    Market Size 2032 12.85 (USD Billion)
    Compound Annual Growth Rate (CAGR) 8.06 % (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Forecast Units Value (USD Billion)
    Segments Covered Type, Application, and End-User
    Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Key Vendors AbbVie Inc., The Procter & Gamble Company, Koninklijke Philips N.V., Altair Instruments, Silhouet-Tone Corporation, Advanced Microderm Inc., Dermaglow, New Shining Image LLC, Lasertec Medical Services, Cutera, Inc.
    Key Market Opportunities Growing adoption of minimally invasive cosmetic procedures in emerging economies, increased adoption due to rising disposable income, and the presence of top plastic surgeons in key regions
    Key Market Drivers Increasing demand for minimally invasive cosmetic procedures, rising healthcare expenditures, growing medical tourism industry, and effective marketing strategies by key players

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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