by Carboxy therapy, also known as carbon dioxide therapy, involves injecting carbon dioxide gas into the skin to improve skin conditions and reduce appearance of cellulite. The gas is used to smoothen skin texture, diminish signs of aging such as wrinkles and fine lines. It works by promoting generation of new collagen in skin and stimulating blood circulation in treated areas. The non-invasive technique is gaining popularity in beauty and aesthetics industry for its effectiveness in minimally painful manner.
The Global Carboxy Therapy Market is estimated to be valued at US$ 228.7 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Growing awareness about various aesthetic procedures and self-care practices in developing countries is fueling demand for anti-aging treatments like carboxy therapy. Rising cases of obesity triggering cellulite formation also contributes to market growth.
Key Takeaways
Key players operating in the Carboxy Therapy Market Demand are BodyHt, UNITRONIC, DermoEquipos, Alvi Prague, Oxxot, Faireal Medical Laser, DTA Medical, Wavemed, NHC Medical & Beauty, Cosmo Pro, Nick Fanavaran Plasma Company, Beijing Jontelaser Technologies Co., Ltd., MBE Medical Division, and Mezopharma.
Growing demand for non-invasive aesthetic procedures to look younger and get rid of cellulite among individuals is fueling consumption of carboxy therapy products and services. Social media influence and rising health concerns among millennials and generation Z are major factors propelling the demand growth.
The increasing acceptability of aesthetic treatments in developing countries of Asia Pacific and Latin America provide huge opportunities for international players to expand their geographical footprint. Major companies are focusing on strategic collaborations with local vendors to tap into untapped latent demand.
Market key trends
One of the key trends gaining traction in the carboxy therapy market is the introduction of innovative devices integrating advanced technologies. Manufacturers are investing in R&D to develop portable handheld devices integrated with feedback controls, LED light therapy, and other features to enhance treatment effectiveness. Another notable trend witnessed in the market includes cosmetic clinics and gyms offering carboxy therapy as add-on services to attract more clientele and boost revenue generation.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the carboxy therapy market requires specialized equipment and expertise to enter the market. However, there are low economies of scale in production and the cost of switching for customers is low.
Bargaining power of buyers: The bargaining power of buyers is moderate. Buyers have low switching costs but lack of product differentiation limits their influence on pricing.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate. While specialized equipment and consumables are needed, there are many suppliers for such products with no supplier holding a dominating market share.
Threat of new substitutes: The threat of new substitutes is moderate. Other non-invasive aesthetic treatments serve as substitutes but do not provide the exact results as carboxy therapy.
Competitive rivalry: Competition is intense with the presence of many global and regional players offering similar, competitively priced carboxy therapy systems and consumables.
Geographical regions:
North America has the largest share of the global carboxy therapy market currently in terms of value. Availability of advanced medical technologies and higher aesthetic consciousness among the population drive the regional market.
The Asia Pacific region is poised to emerge as the fastest growing regional market for carboxy therapy during the forecast period. Improving accessibility to aesthetic procedures and rapid economic development in major countries are supporting market expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
