CAGR: 12.5%Current Market Size: USD 660 MillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global Skin Tightening Market is expected to grow from USD 660 million in 2022 to USD 1693.4 million by 2030, at a CAGR of 12.5% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for non-invasive procedures to enhance beauty.
An aesthetic technique known as skin tightening employs a number of techniques, including laser, non-invasive, radio frequency and others. With laser skin tightening, collagen is heated under the skin surface through an infrared light source. In a skin tightening procedure, both sagging skin and wrinkles can be eliminated, and your skin's youthfulness can be restored by this procedure. A variety of devices, products, and procedures are used in this treatment to either stimulate collagen production or cause shrinkage and lifts in the treated area. There are so many skin-tightening procedures as per the consumer’s need and requirements such as ultrasound procedure it’s a non-invasive procedure. Skin-tightening with ultrasound energy uses ultrasound energy to heat the tissues and stimulate collagen production, making it an effective non-invasive cosmetic procedure. The process is non-invasive and can improve fine lines, wrinkles, and sagging skin as well as stimulate collagen production, resulting in firmer, smoother, and younger-looking skin. Also, the increase in knowledge regarding physical appearance is predicted to boost the Skin Tightening Market's growth further. However, the increase in device prices is predicted to further impede the market's growth over the Projection period. Furthermore, major key players are continuously working on the existing procedures to make them more efficient and acceptable among the consumers with the least risks.
Sample Request: - Global Skin Tightening Market
Market Dynamics:
Drivers:
When it comes to improving the quality of the skin by minimizing fine lines and wrinkles, skin tightening solutions are the most preferred technique among users. The growth of the skin tightening market is being influenced by a growing awareness of skin tightening techniques and technologically advanced skin tightening devices. The rising demand for skin tightening procedures is propelling the growth of the market.
Restraints:
The skin tightening market is experiencing tremendous growth but there are some health risks associated with such procedures. In some cases, it has been observed that people suffer from various skin-related issues which are not long-lasting but still affect the market growth symptoms like swelling, itching, and redness are very common in some cases after hair removal procedures. In extreme cases, hypopigmentation or hyperpigmentation of the skin as well as burning of the skin require adjustments in laser settings or selection.
Opportunities:
The skin tightening market is growing at a tremendous rate due to the increased technological advancements in skin tightening procedures. Consumers are becoming more attracted towards advanced procedures as they show fast results and are mostly non-invasive. Moreover, rising awareness about such procedures is creating more opportunities for the market to grow.
Challenges:
A strict set of regulations for aesthetic surgery and a high risk of cancer and other diseases with radiation exposure have been concluded by the international agency for cancer research. Furthermore, non-surgical skin tightening devices require repeated treatments to maintain their texture, limiting the market growth of skin tightening devices due to high capital expenditure, which is hampering the growth of the market.
Segmentation Analysis:
The global Skin Tightening Market has been segmented based on type, end-user, and regions.
By Type
The type segment includes ultrasound skin-tightening, radio frequency skin-tightening and laser skin-tightening. The laser skin-tightening segment led the largest share of the global Skin Tightening Market with a market share of around 41% in 2022 An aesthetic procedure called laser skin tightening involves the removal of the outer skin layer with concentrated light beams. It's an effective and safe way to remove loose, sagging, or excess skin from specific areas of the body such as the face, neck, arms, and legs. It uses an infrared light source as an infrared light source to tighten the skin without surgery. The treatment uses heat to tighten collagen under the skin to tighten it. After the treatments, one can notice an immediate change in the tightness of your skin, and there is no downtime.
By End-User
The end-user segment includes hospitals, cosmetic centres & homecare, beauty salon and others. The hospital’s segment led the largest share of the global skin tightening market with a market share of around 32% in 2022. A high CAGR is expected to be experienced by the Hospitals segment during the Projection period. As a result of the increasing number of inpatient treatments and surgeries performed in hospitals, as well as the introduction of innovative treatments, especially in developed countries, this market segment is projected to grow at an impressive rate.
Global Skin-Tightening - Sales Analysis.
The sale of skin-tightening expanded at a CAGR of 12.2% from 2015 to 2021
A growing number of people face skin problems and seek cosmetic treatments for cosmetic appeal, regardless of treatment costs. The main reason for the growing expenditure on skincare procedures is endorsements by public figures and social media trends.
Non-invasive skin treatment procedures are also fueling the growth of the market since more and more people are becoming aware of non-invasive surgeries that have fewer side effects. Several technologies, tools, and surgical procedures are used to tighten the skin by shrinking and raising sagging skin, which contributes to the market growth. In addition, major skin tightening companies are choosing painless methods of treatment throughout the world.
Thus, owing to the aforementioned factors, the global Skin Tightening Market is expected to grow at a CAGR of 12.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the skin tightening market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the Skin Tightening Market and held a 39.1% share of the market revenue in 2022.
Global Skin Tightening Market - Country Analysis:
Germany's Skin Tightening Market size was valued at USD 49.10 million in 2022 and is expected to reach USD 126.8 million by 2030, at a CAGR of 12.6% from 2023 to 2030.
As far as the Skin Tightening Market in Europe is concerned, Germany dominates it in terms of market share and revenue. This is due to the growing concern among users about maintaining good skin quality and the well-established healthcare infrastructure that is in place. The country-level market expansion is expected to be enhanced by increasing adoption of non-invasive aesthetic surgeries, advanced healthcare systems and technological advances. A large number of patients in the European region and the growing desire to maintain a youthful appearance are also expected to contribute to vigorous growth.
China’s Skin Tightening Market size was valued at USD 51.48 million in 2022 and is expected to reach USD 135.8 million by 2030, at a CAGR of 12.9% from 2023 to 2030.
In the cosmetic procedures industry, new technologies are being developed, including lasers, dynamic pulse control, radiofrequency, and infrared devices. In addition to these developments in the market, the high demand for skin tightening procedures in China is Projection to propel the market over the Projection period. Chinese cosmetic surgery is growing at an exponential rate, and the Skin Tightening Market is expected to grow by 2027. As a result, an increasing number of Chinese women are opting for skin tightening procedures to improve their skin's appearance. China's progress in the industry will be bolstered by advanced healthcare systems, increasing technological advancements, and increasing adoption of non-invasive cosmetic surgery procedures.
India's Skin Tightening Market size was valued at USD 39.6 million in 2022 and is expected to reach USD 103.7 million by 2030, at a CAGR of 12.8% from 2023 to 2030.
Skin tightening market growth in the coming years is expected to be enhanced by the increasing preference for non-invasive surgical therapies. Cosmetic procedures are on the rise, awareness of skin-tightening treatments is rising, and disposable incomes are on the rise, all of which contribute to the growth of the market in the country.
Key Industry Players Analysis:
To increase their market position in the global Skin Tightening Market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
12.5% |
Market Size |
660 million in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By End-User, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Venus Concept, Pollogen, Cutera, Opatra Ltd, Beijing Winkonlaser Technology Limited, Alma Lasers Ltd., BTL, Hologic, Inc, Fotona d.o.o. Fotona, ThermiGen, LLC, BISON MEDICAL, Bausch Health Companies Inc., Allergen plc, DEKA M.E.L.A. srl, Merz Pharma, and Bera Medixal. |
By Type |
|
By End-User |
|
Regional scope |
|
Scope of the Report
Global Skin Tightening Market by Type:
Global Skin Tightening Market by End-User:
Global Skin Tightening Market by Region:
Global Skin Tightening Market is expected to reach USD 1693.4 million by 2030.
The global Skin Tightening Market is projected to have a CAGR of 12.5%.
Leading market players active in the global skin-tightening are Venus Concept, Pollogen, Cutera, Opatra Ltd, Beijing Winkonlaser Technology Limited, Alma Lasers Ltd., BTL, Hologic, Inc, Fotona d.o.o. Fotona, ThermiGen, LLC, BISON MEDICAL, Bausch Health Companies Inc., Allergen plc, DEKA M.E.L.A. srl, Merz Pharma, Bera Medical Technologies S.R.L. among others
Based on the end-user, the global Skin Tightening Market has been segmented into the hospitals, cosmetic centres & homecare, beauty salons and others.
The segments covered in the global Skin Tightening Market are; type, end-user, and regions.
Political Factors- Business organisations need political stability because it affects investor and customer trust, which has a significant impact on the economy. High levels of political unrest have detrimental effects on consumer spending, company investment, and economic expansion. Currently, internal and external conflicts are causing some political instability in the region where the skin tightening market is involved actively. The corporation may only be able to meet its growth goals if management is able to comprehend and manage the current political upheaval, and they may be reluctant to spend additional funds.
Economic Factors- The workforce's abilities and skills have a significant impact on the skin tightening market's performance. To remain competitive, the skin tightening market needs talented personnel to be available when they are needed. To understand how people with the necessary skill set could be successfully hired, the skin tightening market should examine trends in labour demand and supply. For the skin tightening market, a restrictive labour market with strong worker unions can lead to a number of issues. For instance, it can put pressure on skin tightening market to grant an unjust salary increase or might halt production by issuing a strike call. As a result, it's crucial to assess the labour market dynamics, foresee major developments, and modify talent management methods as necessary.
Social Factors- Consumption patterns and economic issues are closely related. skin tightening market benefits from exciting growth opportunities when consumers have more disposable income and are willing to spend more on goods and services to improve their lifestyles. This is because it is simpler to introduce new products and services to these customers, and revenue growth chances are also higher. skin tightening market must carefully examine the consumption/spending trends and tastes of modern consumers, who are increasingly demanding, in order to modify its marketing mix methods. skin tightening market must also comprehend whether hedonic or utilitarian incentives are behind the consumption.
Technological Factors-The velocity and progress of technological innovation can have an impact on the market and industry as a whole. skin tightening market will be able to comprehend the rate of new product creation, the length of the product life cycle, and the unique features that consumers choose by researching the upcoming technological innovation trends. skin tightening market can determine whether switching to e-commerce will be more advantageous than establishing a physical location by conducting research into consumers' sentiments regarding cutting-edge, new digital technology. The skin-tightening market may be forced to switch from manual to automated processes if competitors engage in automation technology to cut costs, especially if the general populace of that society is tech-savvy.
Environmental Factors- Businesses are under pressure to lessen environmental harm due to strict environmental legislation in many different countries. skin tightening market should adopt ethical production methods in response, promote ethical consumption among its target market, work to enhance its brand's sustainability reputation, and ensure full compliance with local and international environmental laws because failure to do so may result in severe, reputation-damaging criticism from relevant stakeholders. The weather must also be considered because it can significantly affect operational costs, employee productivity, and efficiency.
Legal Factors- A broad category of laws protecting employees' rights, including those to a fair salary, equality, equity, inclusion, fairness, and their physical and mental safety, is known as employment law. While some nations lack efficient enforcement of employment laws, others have harsh penalties for violating any of the specified rights of employees. skin tightening market should safeguard the safety of the working environment while entering or operating in such nations. There must be appropriate systems in place to prevent both direct and indirect discrimination. In the continuous competition for talent, effective compliance with employment rules can aid skin tightening market in enhancing its employer brand reputation, which is critical for luring and keeping top personnel in the market.
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