Carboxy Therapy Market Introduction
The cutaneous as well as subcutaneous administration of carbon dioxide gas for therapeutic purposes is referred to as carboxy therapy. Originally, this therapy was innovated at the Royal Spas of France in the year 1932 for treatment of patients affected by peripheral arterial occlusive disease. In regions such as South America and Europe, carbon dioxide therapy is being applied for the treatment of stretch marks, cellulite, and hypertrophic scars and the results have been reported to be impressive. Varied number of studies have confirmed that carboxy therapy helps to improve elasticity of skin, improves blood circulation, boosts collagen repair, mends the appearance of fine lines or wrinkles, and abolishes localized fatty deposits.
Carboxy Therapy Market Competitive Landscape
Merz Pharma GmbH & Co. KGaA
Merz Pharma engages in the development, research, and sale of innovative medical drugs and products for neurological and clinical dermatological purposes. The company operates in the market through its aesthetics and neurotoxins products, which are driving the company towards innovation and strategic acquisitions.
Identify the key factors that will drive your company’s growth, Request a brochure of this report here
Fosun Pharmaceutical Co., Ltd.
The company operates in the medical aesthetic devices business through its subsidiary Alma Lasers Ltd. Fosun Pharma is a business segment of Fosun International Ltd., and a leading health care company in China listed on the SSE and the Hong Kong Stock Exchange. Its subsidiary Alma Lasers is a global developer and provider of laser, light-based, radio-frequency, and ultrasound solutions for the aesthetic and surgical markets.
Allergan plc engages in the development, manufacture, and marketing of branded pharmaceuticals, devices, and biologic products. The company has presence in over 100 countries, holding top five positions in nearly 20 international markets
Carboxy Therapy Market Dynamics
Growth of Elderly population
The elderly population is one of the major growth drivers for the carboxy therapy market. According to the United Nations, the rate of population ageing in the 21st century is likely to exceed that of the previous century. Between 2015 and 2030, the number of people in the world aged 60 years or above is projected to rise from 901 million to 1.4 billion, an increase by 56%. By 2050, the global elderly population is estimated to more than double its size in 2015, reaching nearly 2.1 billion. This growth of geriatric population continues to lead to a shift toward developing new treatments to reverse the aging process.
Increasing Demand for Minimally Invasive Facial Rejuvenation Treatment
According to the International Society of Aesthetic Plastic Surgery (ISAPS), around 12.1 million non-surgical cosmetic procedures were performed in 2015 worldwide. The increasing demand for non-invasive treatments would propel the market of carboxy therapy during the forecast period.
For simple skin-related problems such as wrinkles, lines, and unwanted hair; patients prefer quicker solutions with minimal pains, which help them resume their duties at the earliest. Patients prefer carboxy therapy, as they involve no side-effects and shorter recovery time.
Expanding operations in future? To get the perfect launch ask for a custom report here
Decrease in Social Taboos Boosting Acceptance of Aesthetics Treatment
Reduction in cultural prohibitions and social taboos is a key factor for increase in the number of aesthetic procedures across the world. Rise in social consciousness about the importance of personal appearance and personality development is another major factor driving the global medical aesthetic devices market.
Carboxy Therapy Market Segmentation
Based on the type, the carboxy therapy market is segmented into
Based on the route of administration, the carboxy therapy market is segmented into
Based on the application, the carboxy therapy market is segmented into
- Orthopedics & rheumatology
Based on end-users, the carboxy therapy market is segmented into
- Beauty Centers
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.