The Skin Tightening Market is projected to reach USD 625.28 Million by 2030 at 10.90% CAGR during the forecast period 2022-2030.
Skin tightening treatment is a minimally invasive procedure that uses various methods to tighten skin such as radiofrequency, laser, ultrasound, and other methods encourage the production of new collagen and elastin, the two proteins which helps the skin to stay firm, smooth and tight. Thereby giving skin a more youthful appearance.
Additionally, the growing medical aesthetics market along with the increasing awareness programs dedicated to the importance of skin health are anticipated to fuel the market growth. For instance, according to the Allergan Global Beauty Survey, esthetic treatments have become more socially acceptable in recent years. Around 71% of the people in the survey have admitted to being worried about wrinkles, while 41% are considering undergoing various medical esthetic treatments. On the other hand, exposure to radiations during the skin tightening procedures involve high health risks and strict regulations policies for aesthetics in healthcare are projected to hamper the growth of the market during the assessment period. Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and product innovations to sustain their position in the market. For instance, in April 2019, Alma Lasers launched a third-generation liposuction solution, which is a complete all-in-one solution covering all stages of liposuction, skin tightening, and fat grafting procedures with maximum safety and clinically proven results.
The skin tightening market has been segmented based on type, portability, application, end user, and region.
The market, based on type, has been bifurcated into radiofrequency skin tightening, laser skin tightening, ultrasound skin tightening, and others. The radiofrequency skin tightening segment is expected to hold a major share in the market due to the wider preferability and long-lasting effective results in skin tightening. The laser skin tightening segment is anticipated to be the second-largest market due to the growing expenditure on cosmetic surgeries.
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The skin tightening market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European skin tightening market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The skin tightening market in Asia-Pacific has been segregated into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The skin tightening market in the Middle East & Africa has been divided into the Middle East & Africa.
Regional Market Summary
The market in the Americas is expected to dominate the skin tightening market due to the increasing per capita healthcare expenditure and the high adoption of new technology in the region. Higher cases of people becoming more conscious of their appearance are expected to drive market growth. Furthermore, according to the Annual Plastic Surgery Procedural Statistics, in 2017, there were 17.5 million surgical and minimally invasive cosmetic procedures performed in the US alone.
The market in Europe showed a considerable amount of growth. This can be attributed to the presence of a well-established aesthetics healthcare system, an increasing awareness of skin health, and the involvement of key companies. For instance, in September 2018, Allergan agreed to acquire Bonti to add rapid-acting short-duration botulinum neurotoxin serotype E toxin programs to the research & development pipeline and increasing the consumer base by providing on-demand treatment. Therefore, the market is expected to grow during the forecast period. The market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the increasing pool of consumer population and increasing government initiatives for aesthetics healthcare reforms. The market in the Middle East & Africa is projected to account for the least share of the global market due to low per capita disposable incomes in the region.
Skin Tightening Market, by Type
Skin Tightening Market, by Portability
Skin Tightening Market, by Application
Skin Tightening Market, by End User
Skin Tightening Market, by Region
Skin Tightening Market is predicted to touch USD 625.28 Million by 2030.
Skin Tightening Market is projected to grow at a 10.90% CAGR between 2022-2030.
Americas is projected to have the lions share in the Skin Tightening Market.
Expanding medical aesthetics market, rising awareness programs, and constant product innovations are boosting market growth.
Strict regulation policies and exposure to radiations may hamper market growth.