Carboxy Therapy Market SWOT and PEST Analysis 2021-2031
The carboxy therapy market size is projected to reach US$ 0.28 billion by 2031 from US$ 0.11 billion in 2023. The market is expected to register a CAGR of 17.6% during 2023–2031. An increase in application areas will likely remain a key trend in the market.
Carboxy therapy Market Analysis
The market drivers include the growing adoption of non-invasive aesthetic procedures, increasing demand for antiaging treatments, and the surge in the geriatric population. Furthermore, the untapped potential of emerging economies is a crucial opportunity for the carboxy therapy market players.
Carboxyt herapy Market Overview
The World Health Organization (WHO) recognizes waste reduction in healthcare delivery as an essential aspect of strengthening healthcare systems. Technological advancements have led to the development of surgical approaches that minimize waste and achieve better results with available resources. Minimally invasive surgeries (MIS) and non-invasive procedures are among the approaches that result in low waste generation and reduced medical expenses. Moreover, these procedures ensure low absenteeism at the workplace, which has a net positive effect on the productivity of an economy. According to the International Society of Aesthetic Plastic Surgery, 14,400,347 million minimally invasive cosmetic procedures were performed globally in 2020. The use of these procedures rose by 22.7% during 2016-2020 on a global level, and they now account for ~59% of aesthetic interventions in the country.
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Carboxy therapy Market: Strategic Insights
Market Size Value in US$ 85.24 million in 2021 Market Size Value by US$ 190.99 million by 2028 Growth rate CAGR of 12.4% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2021
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Carboxy therapy Market: Strategic Insights
| Market Size Value in | US$ 85.24 million in 2021 |
| Market Size Value by | US$ 190.99 million by 2028 |
| Growth rate | CAGR of 12.4% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Carboxy therapy Market Drivers and Opportunities
Increasing Demand for Antiaging Treatments Along With Surge in Geriatric Population
The elderly population in the world is anticipated to reach 1.4 billion in 2030, 2.1 billion in 2050, and more than 3.1 billion in 2100. The Global Ageing 2019 survey deduced that the world's population of people aged 65 and above totaled 703 million in 2019. The elderly population is expected to double to 1.5 billion by 2050. The frequency of people aged 65 or above is likely to increase from 1 in 11 to 1 in 6 from 2019 to 2025. According to the WHO, the percentage of people aged 60 and above is estimated to reach 22% by 2050 from 12% in 2015. The number of Americans aged 65 and above is estimated to increase from 46 million in 2016 to more than 98 million by 2060, and this demographic group will account for ~24% of the global population by 2060, up from 15% in 2016, states the US Census Bureau.
Untapped Potential of Emerging Economies
Carboxy therapy involves the use of carbon dioxide gas as injectables, and increasing application areas made it one of the most used treatment modalities in dermatology, aesthetic medicine, and anti-aging medicine. As the therapy started gaining traction in the past few years, significant developments have occurred in the devices used for the treatments. Conventional devices are in the form of pens, which are small in size but heavy in nature, which makes them difficult to hold during long sessions. This led to the development of devices that are sophisticated and easy to use. Additionally, increased innovations and technological advancements allow multiple puncture techniques for a distance of 1 cm for boluses.
Carboxy therapy Market Report Segmentation Analysis
Key segments that contributed to the derivation of the carboxy therapy market analysis are offerings, usage, and end users.
- Based on type, the carboxy therapy market is segmented into tabletop, portable, and others. The tabletop segment held the most significant market share in 2023.
- Based on application, the carboxy therapy market is bifurcated into aesthetic medicine cellulite, stretch marks, alopecia, and dark under-eye circles. The aesthetic medicine segment held the most significant market share in 2023.
- Based on end users, the carboxy therapy market is segmented by hospitals, aesthetic clinics, and wellness centers. The hospital's segment held the largest market share in 2023.
Carboxy therapy Market Share Analysis by Geography
The geographic scope of the carboxy therapy market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In North America, the US carboxy therapy market holds the largest share of the region. The growth of the market in the country is defined by various factors, such as the rise in the development of non-invasive and minimally invasive procedures, which has exponentially increased the aesthetics procedures such as fat reduction and antiaging treatments. A study by the American Society of Plastic Surgeons 2020 states that 15.6 million cosmetic treatments were done in 2020, with 13.2 million cosmetic minimally invasive procedures and about 2.3 million cosmetic surgical operations. Additionally, the increasing application areas of carboxytherapy in medical fields such as neurology, gynecology, and urology are also expected to contribute significantly to the growth of the carboxy therapy market.
Carboxy therapy Market Report Scope
Carboxy therapy Market News and Recent Developments
The Carboxy therapy Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the carboxy therapy market are listed below:
- Cosmo Pro Ltd. launched the DIOX carboxy therapy system. The DIOX system features a touch-screen interface in both automatic and manual modes. (Source: Cosmo Pro Ltd, Inc., Company Website, January 2020)
Carboxy therapy Market Report Coverage and Deliverables
The “Carboxy therapy Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Carboxy therapy market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Carboxy therapy market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Carboxy therapy market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the carboxy therapy market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Arentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the carboxy therapy market in 2023
The market drivers include the growing adoption of non-invasive aesthetic procedures, increasing demand for antiaging treatments, and the surge in the geriatric population. However, regulatory policies and safety concerns associated with carbon therapy are key restraining factors for the market growth.
An increase in application areas will likely remain a key trend in the market.
DTA Medical; Cosmo Pro Ltd; Beijing Jontelaser Technologies Co., Ltd.; Kastner-Praxisbedarf; Mezopharma; Carbossiterapia Italiana, MBE Medical Division; Nick Fanavaran Plasma Company.
The market is expected to register a CAGR of 17.6% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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