Skin Tightening Market: Future Demand, Analysis & Outlook to 2027

Skin Tightening Market: Future Demand, Analysis & Outlook to 2027

With growing awareness regarding skin care coupled with increased expenditure on respective products and treatment methods, skin tightening market is set to witness tremendous growth over the coming years.

According to a recent report by Global Market Insights, Inc., skin tightening market size is projected to surpass USD 990 million by 2026. Skin care treatments are popular among both men and women as they seek aesthetic appeal and individuals with skin problems adopt these treatments despite the high cost involved. The increasing trend of skin tightening cosmetic procedures is mainly driven by social media promotion of skin makeover through influencers and celebrities.

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Laser skin tightening procedures are performed by either cosmetic dermatologist or other highly trained skincare professionals for enhanced patient care and skin care result. Moreover, this method has been approved by FDA for the reduction of wrinkles, lines and skin laxity which has spurred the demand for laser technique. Other important factors favoring the adoption of this technique include higher safety and better efficiency of laser during tightening of loose skin which requires 3 to 5 sessions depending on size and affected area to be treated. Taking these growth factors into consideration, laser skin tightening segment is expected to observe a notable CAGR of 10% through 2026.

As standalone skin tightening devices help in providing treatments with higher precision and offer better results within an hour or less, they are being increasingly adopted by the consumers. In addition, integrated functionalities and lower maintenance has spurred the demand for standalone skin tightening devices across clinics and hospitals. According to the report, standalone devices segment has recorded a significant valuation of USD 350 million in 2019 and is expected to grow considerably in coming years.

Skin tightening solutions such as ultrasound skin tightening devices are gaining immense popularity across homecare setting as these do not need a permit for operation or any skilled professional.  In addition, no specific training is needed for operating these devices which support their adoption further. Considering the burgeoning product adoption, homecare settings segment is estimated to record an appreciable CAGR of 12% through 2026.

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With availability of large patient pool and increasing consumer inclination towards skin care products to maintain a youthful appearance, Asia Pacific skin tightening market is witnessing massive product adoption from the past few years. Moreover, increasing medical tourism across developing countries such as Thailand and India along with rising need for youthful and wrinkle free skin in countries such as South Korea will is likely to complement the business growth. Besides, increasing investment in healthcare infrastructure by prominent manufacturers is expected to provide positive growth prospects for the market. For the records, in 2019, Asia Pacific skin tightening market had secured a significant market share of around 19%.

Prominent players in skin tightening industry such as SharpLight Technologies, Beijing HONKON Technologies, Cynosure (Hologic), Allergan (Abbvie), Solta Medical (BAUSCH HEALTH COMPANIES), Venus Concept, etc. are focusing on developing advanced products to effectively serve the growing consumer demand. For instance, in 2018, SharpLight Technologies Ltd. launched two advanced product lines namely OmniMax series and Rapid series. According to the company, OmniMax devices offer 'all-in-one' solutions that comprise of multiple technologies and enable aesthetic practitioners to treat various conditions, while Rapid series is consists of singular or dual technology devices specially designed to treat specific aesthetic indication.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Skin tightening industry 3600 synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Product type trends

2.1.3    Portability trends

2.1.4    End-use trends

2.1.5    Regional trends

Chapter 3   Skin Tightening Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 - 2026

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing aging population globally

3.3.1.2    Rising healthcare spending in developed regions

3.3.1.3    Increasing consciousness regarding physical appearance

3.3.1.4    Rising preference towards non-invasive surgical procedures in Asia Pacific

3.3.2    Industry pitfalls and challenges

3.3.2.1    High cost of devices

3.3.2.2    Side effects associated with skin tightening treatments

3.4    Growth potential analysis

3.4.1    By product type

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