Skin Tightening Market Study by Business Opportunities, Top manufacturers Records, Production, Revenue, Growth Rate, Price and Gross Margin, Showing Impressive Growth by 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Skin Tightening Market  which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Skin Tightening Market  is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Skin Tightening Market  products.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the Skin Tightening Market during the forecast period.

Market Scenario

The Global Skin Tightening Market is expected to register a CAGR of 6.2% during the forecast period of 2019 to 2025, with a market value of USD 6,340.99 million by 2025.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.

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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.

Segmentation

The global 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.

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Key Players

Solta Medical

Alma Lasers

Fotona d.o.o.

Lynton Lasers

ALLERGAN

BTL

EINS MED Co.

ENDYMED MEDICAL

SMARTERSKIN DERMATOLOGY

INMODE

Venus Concept

Regional Market Summary

Source: World Health Organization (WHO)

The market in the Americas is expected to dominate the global 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.

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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.

Global Skin Tightening Market, by Type

Radio Frequency Skin Tightening

Laser Skin Tightening

Ultrasound Skin Tightening

Others

Global Skin Tightening Market, by Portability

Portable

Stand-Alone

Global Skin Tightening Market, by Application

Reduce Wrinkles

Face Lifting

Anti-Aging

Others

Global Skin Tightening Market, by End User

Hospitals & Clinics

Specialty center

Others

Global Skin Tightening Market, by Region

Americas

North America

US

Canada

Latin America

Europe

Western Europe

Germany

France

Italy

Spain

UK

Rest of Western Europe

Eastern Europe

Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East

Africa

Intended Audience

Research and development (R&D) companies

Medical device companies

Government research institutes

Academic institutes and universities

Specialty center

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