Skin Tightening Market
According to International Society of Aesthetic Plastic Surgery (ISAPS), in 2016, estimated the total procedure for skin tightening performed worldwide are 511,481 out of which Japan held the highest number of procedures followed by the US. The factors that propel the growth of the market are growing geriatric population, increasing advancement in medical technology and the emerging medical aesthetic market.
The Skin Tightening Market Share is projected to reach USD 1.13 Billion in 2023 to USD 3.3 billion by 2032, at a CAGR of 18.2% during the forecast.
However, the radiation emitted from skin tightening equipment involve high health-related risk and the stringent government regulations for aesthetic in healthcare is hampering the growth of the skin tightening market.
In the current scenario, several players are dominating the global skin tightening market. The market leaders in skin tightening treatment are involved in merger and acquisition, product development and innovation to increase the foothold in the skin tightening market. For instance, in January 2017, Lynton Lasers launched a stand-alone platform, LUMINA laser & IPL platform, which can perform 24 different aesthetic concern including skin tightening.
Skin Tightening Market Outlook and Analysis by Type (Radio Frequency Skin Tightening, Laser Skin Tightening, Ultrasound Skin Tightening and others), by Portability (Portable and Stand-Alone), by Application (Reduce Wrinkles, Face Lifting, Anti-Aging and others), by End User (Hospitals & Clinics, Specialty Center and others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2032.
Major Key Players:
Some of Key Market Players are ALLERGAN (US), Solta Medical (US), Venus Concept (Canada), SmarterSkin Dermatology (US), INMODE (US), Fotona d.o.o. (Slovenia), BTL (US), Lynton Lasers (UK), EINS MED Co., Ltd (South Korea), ENDYMED MEDICAL (US), and Alma Lasers (Israel).
Segment Analysis
The global skin tightening market report is segmented on the basis of type, portability, application, end user, and region.
By type, the global skin tightening market is segmented into radiofrequency skin tightening, laser skin tightening, ultrasound skin tightening, and others. RF skin tightening holds the largest share in the global skin tightening market.
By portability, the global skin tightening market is segmented into portable and standalone, with the portable segment dominating the global market.
By application, the global skin tightening market is segmented into anti-aging, reducing wrinkles, facelift, and others. The anti-aging segment holds the largest share in the global skin tightening market.
By end user, the global skin tightening market is segmented into specialty centers, hospitals and clinics, and others. The specialty centers segment is likely to remain the majority revenue generator in the global skin tightening market over the forecast period.
Regional Analysis
By region, the skin tightening market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), Europe, the Americas, and the Middle East and Africa (MEA). Of these, the Americas will spearhead the market during the forecast period. Various factors propelling the growth of the skin tightening market in the region include the region’s high-income level, growing demand for aesthetical solutions to issues caused by aging, the launch of new products, rising R&D activities, a growing number of skin tightening procedures, and increasing geriatric population.
The skin tightening market in Europe is predicted to have the second-largest share in the market during the forecast period for the growing demand for minimally invasive treatments and increasing adoption of cosmetic procedures. Germany is a major contributor in this region.
The skin tightening market in the APAC region will grow at the fastest pace during the forecast period for the increasing R&D funding, especially by developing countries such as India and China.
The skin tightening market in the MEA will have steady growth during the forecast period for extremely low-income and less economic developments.
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