Skin Tightening Market Size By Product Type (Ultrasound Skin Tightening, Radio Frequency Skin Tightening, Laser Skin Tightening), By Portability (Portable, Standalone), By End-use (Dermatology Centers, Hospitals, Homecare Settings), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032
Global Skin Tightening Market is expected to undergo significant transformation through 2032 owing to the increasing consumer healthcare spending on skin care, cosmetic enhancements, and and other procedures.
Minimally invasive skin-tightening procedures have gained significant popularity across several developed economies across the Asia Pacific region, attributed to the rising beauty consciousness and medical aesthetics for uplifting appearance. In addition, the flourishing medical tourism and a noticeable rise in cosmetic surgeries will favorably affect the expansion of the skin-tightening market.
Leading companies operating in the market are investing heavily to introduce novel product and technologies to improve their product portfolio. For instance, in October 2020, Cynosure introduced the FlexSure device, a wrappable radiofrequency applicator intended for therapy on all clients and skin types. This approach helped the corporation grow its business by developing its product line. Thus, creating a favorable growth outlook for the skin tightening industry.
The market has been divided in terms of product, portability, end-use, and region.
Based on the product, the radio frequency skin tightening segment recorded over 28% market share in 2022. Radio frequency skin tightening devices have contributed to the development of numerous technological breakthroughs, which may propel segment gains over the next ten years. Besides, several benefits associated with these products, including minimally invasive treatment for a range of age groups, numerous skin types, and natural-looking skin, will drive ample growth prospects for the skin tightening industry.
With respect to end-use, the dermatology centers segment is speculated to attain strong growth during 2023-2032. The availability of highly skilled specialists and reasonably priced medical aesthetics procedures is a key factor that will fuel the segment expansion. Additionally, the use of technologically improved gadgets in dermatology facilities, in association with a significant rise in cosmetic procedures performed globally will add to the segment growth.
Meanwhile, the others segment is projected to expand at more than 11.5% CAGR from 2023 to 2032. The market will expand as a result of the rising demand for skin tightening due to growing awareness about physical appearance and the growing prevalence of medical aesthetics.
From the regional perspective, the North America skin tightening market is estimated to grow steadily through 2032. The regional growth potential will be boosted by factors such as increasing people inclination toward minimally invasive procedures, the accessibility of cutting-edge products for enhancing aesthetic appeal, as well as the high affordability of treatments. Additionally, rising healthcare costs, accelerating obesity rates backed by the adoption of a sedentary lifestyle, and the rising awareness about body aesthetics awareness will all contribute to the expansion of the regional market over the review timeline.
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