The carboxy therapy market is valued US$ 85.24 million in 2021; it is estimated to grow at a CAGR of 12.4% from 2022 to 2028.
Carboxy therapy employs injecting carbon dioxide into the treatment area to stimulate blood flow. It is a nonsurgical treatment and is widely used to treat cellulite, stretch marks, and dark under-eye circles.
The carboxy therapy market is segmented into type, application, end user, and geography. By geography, the carboxy therapy market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market with an emphasis on parameters such as market trends and dynamics and the competitive analysis of the globally leading market players.
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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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Lucrative Regions for Carboxy Therapy Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Growing Adoption of Noninvasive Aesthetic Procedures Boosts Carboxy Therapy Market
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 noninvasive procedures are among the approaches that result in low waste generation and reduced medical expenses. Further, 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 (ISAPS), ~14,400,347 million minimally invasive cosmetic procedures were performed globally in 2020. The implementation of these procedures grew by 22.7% from 2016 to 2020 globally.
Minimally invasive procedures result in faster recovery, lesser scarring, reduced stress, and better patient satisfaction. The modern concept of natural and harmonious rejuvenation is based on a comprehensive, three-dimensional, multi-layered approach that combines several active ingredients and techniques in procedures, such as skin relaxation, surface renewal, and skin tightening, depending on the specific patient’s needs. Since the appearance of the skin is considered an essential factor in wellbeing and health, the number of aesthetic procedures performed worldwide is increasing steadily.
Further, nonsurgical procedures include facial injections, which help correct facial lines and wrinkles and provide a reduction of cellulite and unwanted fat with minimal side effects. The ISAPS defines a nonsurgical cosmetic procedure as an effective and safe procedure for people opting for subtle enhancement and surgical result enhancement that requires less recovery time. These procedures often do not require extensive training, unlike surgical procedures that are associated with more risks.
As per ISAPS estimations, the number of nonsurgical cosmetic procedures increased by 44% in 2021 compared to 2020. In the past 20 years, minimally invasive procedures have undergone continuous innovations. In 2020, doctors performed 13.2 million minimally invasive procedures in the US. Thus, the surge in the uptake of minimally invasive and noninvasive aesthetic procedures is driving the carboxy therapy market.
The modern concept of natural and harmonious rejuvenation is based on a comprehensive, three-dimensional, multi-layered approach that combines several active ingredients and techniques in procedures such as skin relaxation, surface renewal, and skin tightening, depending on the specific patient’s needs. Since the appearance of the skin is considered an important factor in wellbeing and health, the number of aesthetic procedures performed worldwide is increasing steadily. Further, nonsurgical procedures include facial injections which help in the correction of facial lines, wrinkles, cellulite reduction, and unwanted fat reduction with minimal side effects. The International Society of Aesthetic Plastic Surgery (ISAPS) defines a nonsurgical cosmetic procedure as an effective and safe procedure for those who are willing to undergo subtle enhancement and surgical result enhancement with lower recovery periods; these procedures often do not require extensive training, unlike surgical procedures that are associated with greater risks. As per ISAPS estimations, the number of nonsurgical cosmetic procedures increased by 44% in 2021 compared to 2020. In the past 20 years, minimally invasive procedures have undergone continuous innovations. In 2020, doctors performed 13.2 million minimally invasive procedures in the US. Thus, the surge in the adoption of minimally invasive and noninvasive aesthetic procedures is driving the carboxy therapy market growth.
Type Insights
Based on the type, the carboxy therapy market is segmented into tabletop, portable, and others. The tabletop segment held the largest market share in 2021. However, the portable segment is anticipated to register the highest CAGR of 12.6% during the forecast period. The demand for tabletop carboxy therapy machine is rising as it is widely used for pain management and medical aesthetics.
Carboxy Therapy Market, by Type – 2021 and 2028
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Application Insights
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Based on application, the carboxy therapy market is segmented into aesthetic medicine, dermatology, gynecology, angiology, orthopedics and rheumatology, sports medicine, and others. The aesthetic medicine is subsegmented into cellulite, stretch marks, alopecia, and dark under-eye circles. In 2021, the aesthetic medicine segment held the largest share of the market. However, the dermatology segment is expected to grow at a significant CAGR of 12.9% during the forecast period. Increasing demand for various noninvasive or minimally invasive services such as laser resurfacing, aesthetic injectables, and other services is increasing with increased consumer interest in skin texture and tone improvement are driving the growth of the aesthetic medicine segment during the forecast period.
End User Insights
Based on the end user, the carboxy therapy market is segmented into hospitals, aesthetic clinics, and wellness center. The hospitals segment held the largest market share in 2021. However, the aesthetic clinics segment is expected to register the highest CAGR of 12.7% during the forecast period. The growth of the hospital segment is attributed to the increase in the number of carboxy therapy and the surge in demand for aesthetic medicine and dermatological procedures.
Organic developments such as product launches and approvals are highly adopted strategies by companies in the carboxy therapy market. A few of the recent key market developments are listed below:
- In March 2021, Air Liquide signed an agreement with the Gippsland Basin Joint Venture, a 50-50 joint venture between BHP Petroleum (Bass Strait) Pty Ltd and Esso Australia Resources Pty Ltd, for the construction of a new facility to distribute carbon dioxide to Australian industries. This facility will be built next to the Longford Gas Conditioning Plant, owned by Gippsland Basin Joint Venture and operated by Esso Australia, which will capture CO2 from its operations and deliver it to Air Liquide for purification and reuse.
- In March 2019, Air Products acquired ACP Europe SA, one of the largest independent carbon dioxide producing companies in Europe. The acquisition will help the company serve its customers efficiently and boost growth opportunities across additional European countries.
- In January 2020, Cosmo Pro Ltd. launched DIOX carboxytherapy system. The DIOX system features a touch-screen interface and both automatic and manual modes.
Company Profiles
- DTA Medical
- Cosmo Pro Ltd.
- Carbossiterapia Italiana
- Beijing Jontelaser Technologies Co., Ltd.
- Kastner-Praxisbedarf
- Mezopharma
- MBE Medical Division
- Nick Fanavaran Plasma Company
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
Carboxy therapy refers to the microinjection of carbon dioxide under the surface of the skin. It increases circulation, collagen production, and oxygenation which improves the appearance of the skin. Carboxy therapy is a non-surgical treatment and is widely used to treat cellulite, stretch marks, and dark under-eye circles.
Key factors that are driving the growth of this market are the growing uptake of non-invasive aesthetic procedures and increasing demand for anti-aging treatments along with a surge in geriatric population.
The CAGR value of the carboxy therapy market during the forecasted period of 2022-2028 is 12.4%.
The tabletop segment held the largest share of the market in the global carboxy therapy market and held the largest market share of 47.31% in 2021.
The aesthetic medicine segment dominated the global carboxy therapy market and accounted for the largest market share of 55.26% in 2021.
The hospitals segment dominated the global carboxy therapy market and held the largest market share of 49.27% in 2021.
The carboxy therapy market majorly consists of the players such as DTA Medical; Cosmo Pro Ltd.; Carbossiterapia Italiana; Beijing Jontelaser Technologies Co., Ltd.; Kastner-Praxisbedarf; Mezopharma; MBE Medical Division; Nick Fanavaran Plasma Company among others.
DTA Medical and Cosmo Pro Ltd. are the top two companies that hold huge market shares in the Carboxy Therapy market.
Global carboxy therapy market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The North America region is the held the largest market for the carboxy therapy market during the forecast period. The large share of North America in the global carboxy therapy market is attributed to factors such as the Rise in consumer demand for anti-aging remedies, increase in lifestyle standards and income among the population are anticipated to fuel the growth of the market in the region.
The COVID-19 pandemic has slumped the carboxy therapy market due to the canceled or denied elective surgeries to curb the transmission of the infection. Many aesthetic procedures like antiaging treatment, face rejuvenation treatment, and non-essential procedures have been delayed due to the Covid-19 crisis. Cosmetic and aesthetic device manufacturers have had to close production and delivery units worldwide due to the lockdown imposed at the beginning of the COVID-19 outbreak. Thus, the growing demand for carboxy therapy is contributing to the growth of the market. Additionally, the elderly take this therapy to a significant extent due to their younger-looking appearance. It is estimated that the growth of this market will increase due to key factors such as the high growth in aesthetic medical systems and increasing government initiatives related to aesthetic procedure.
The List of Companies - Carboxy Therapy Market
- DTA Medical
- Cosmo Pro Ltd.
- Carbossiterapia Italiana
- Beijing Jontelaser Technologies Co., Ltd.
- Kastner-Praxisbedarf
- Mezopharma
- MBE Medical Division
- Nick Fanavaran Plasma Company
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.
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The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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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.
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- 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.
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- Data Triangulation and Final Review:
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