The relentless quest to remain beautiful by baby boomers in developed as well as developing countries is expected to fuel the growth of the mesotherapy market. Rapidly increasing aging as well as middle-age population across various countries is also driving the growth of the mesotherapy market. According to the United Nations, over 34% of the European population is estimated to be aged over 60 years by 2050. Similarly, in Latin America, Asia, and the Caribbean, the existing population over the age of 60 years is around 11-12%, which is expected to go over 25% by 2050.
Demand for Less / Non-invasive Therapies Boosting Market Growth
Mesotherapy is a minimal or non-invasive beauty treatment. Consumers prefer minimally-invasive procedures as an aesthetic option; those that are less time consuming, less painful, and have practically no or negligible recovery time. These factors play an important role in driving the growth of the mesotherapy market. Most mesotherapy products such as creams, masks, peels, etc., are non-invasive treatment options, whereas, mesotherapy using solution kits, mesotherapy guns, and needles & cannulas are minimally-invasive procedures. The minimally-invasive nature of mesotherapy results in much lesser or apparently no complications associated with the procedure.
Easier Availability & Cost Effectiveness Aiding Growth
Mesotherapy products are easily available, as most of the regions have local manufacturers. Europe and East Asia have the largest number of manufacturers. Most manufacturers also cater to consumers via online product selling platforms in order to enhance their regional reach as well as to increase their revenue generation in the mesotherapy market. The cost of most mesotherapy creams, peels, masks, etc., is under US$ 100. Considering the high efficacy and positive effects of mesotherapy, cost effectiveness remains one of the major market drivers.
Europe to Dominate Mesotherapy Market; COVID-19 Pandemic to Dampen Market Growth
Europe remains the most lucrative region, holding a share of around 30% in global mesotherapy market. Increasing middle-age group population, improving reimbursement scenario, growing awareness about products, and availability of high-end commercialised mesotherapy products are factors driving the mesotherapy market in the region.
Europe houses a majority of mesotherapy product manufacturers, who are undergoing extensive changes in order to enhance their regional reach across the world. Increase in R&D activities along with collaborative efforts and increasing demand for innovative products will boost the growth of the European market during the forecast period.
Mesotherapy is not FDA approved in the U.S., but as most dermatologists and cosmetic professionals are willing to adopt mesotherapy products, the U.S. represents a significant revenue generation opportunity during the forecast period.
On the flip side, the coronavirus (COVID-19) pandemic is spreading like wildfire across continents, taking a humanitarian toll as well as burdening the global economy. The virus originated from Wuhan, China, and is now spreading across North America and Europe. Alerted by the exponential rise in COVID-19 caseloads in countries – Italy, Spain, and France – governments have imposed nationwide lockdowns and self-quarantine regulations. Further, the survival period of the coronavirus varies with surfaces. As such, the general public is avoiding large gatherings at places such as dermatology centers in order to avoid getting infected from the virus. This would have an adverse effect on mesotherapy market in Europe and North America in the near term.
Competitive Landscape of Mesotherapy Market
The mesotherapy market is fairly consolidated with key players across the globe such as Laboratoires FILORGA SA, INSTITUTE BCN, Koru Pharmaceuticals Co., Ltd., mesoskinline, TOSKANI COSMETICS, DERMEDICS® International, Fusion Meso, MesoTreat, OstarBeauty, Armesso U.S.A. Corp., MESOCLINIC, DR. Korman, Dermaqual, Mesotech S.r.l., etc. Manufacturers are actively involved in geographic expansion and collaboration for product development to gain a larger market share in the mesotherapy market.
Increasing adoption of mesotherapy for beautification/ skin rejuvenation along with increasing product availability is anticipated to fuel the global mesotherapy market growth during the forecast period of 2019 to 2029. Moreover, the cost-effectiveness of mesotherapy products remains one of the major drivers for market growth. Stakeholders can look to Europe for increased profits, as the region is set to dominate the market through 2029.
Mesotherapy Market - Scope of the Report
Persistence Market Research (PMR) recently published a market study on the global mesotherapy market. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities restraints, and detailed information about the mesotherapy market structure. The market study presents exclusive information about how the mesotherapy market will grow during the forecast period (2019-2029).
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market and compound annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. Other information includes definition, drivers, and opportunity analysis by region and by product, which helps in deep understanding of the market segment details by researchers, suppliers, manufactures, and distributors. This information can help readers understand the quantitative growth prospects of the mesotherapy market during forecast period.
The study is relevant for manufacturers, physicians, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Business researcher, shareholders, and industry experts can leverage the information and data presented in PMR’s study.
The study also includes statistics as well as facts related to the macroeconomics factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the mesotherapy market. Furthermore, small businesses and new entrants in the mesotherapy market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
PMR’s study on the mesotherapy market offers information divided into four important segments—product, indication, distribution channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Key Segments of Mesotherapy Market
Questions Answered in PMR’s Mesotherapy Market Report
Mesotherapy Market: Research Methodology
In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the mesotherapy market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the mesotherapy market study include statistics from government healthcare organizations, medicines journals, research journals, press release, annual reports, white papers, directories, and databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary resources and secondary resources acts as a validation from market players, and makes PMR’s projection on the growth prospects of the mesotherapy market more accurate and reliable.