Skin Tightening Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Skin Tightening Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Skin Tightening Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Increasing awareness regarding numerous skin-related conditions is a key factor expected to boost the skin tightening market growth over the forecast period. In recent years, people across the world have started spending heavily on numerous skin-related treatments in a bid to improve their aesthetic appearance.

The skin tightening procedure consists of numerous sessions which increase the overall cost of treatment. However, increasing disposable income has prompted people to spend heavily on skin-related treatment, predominantly accelerating the skin tightening industry expansion. Besides, promotions of skin makeover through celebrities and growing social media trends have further fueled the market trends.

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As per GMI Inc., the skin tightening market size is expected to exceed USD 990 million by 2026.

Top three trends accelerating accelerate skin tightening market

The advent of easy-to-use skin tighten devices

In recent years, people across the world have started using numerous skin tighten devices at home. Innovative methods such as ultrasound skin tightening devices have gained significant prominence in homecare settings. These devices do not need a permit to work or any skilled professionals. Moreover, no particular training is needed for operating these devices and can be conveniently used in homecare settings, thereby boosting the overall market share. On this note, studies suggest that the homecare settings segment is expected to record a 12% CAGR over the ensuing years.

Increasing demand across APAC

On the regional front, APAC is expected to offer lucrative growth opportunities to the skin tightening market. The regional market held around 19% of the total market share in 2019 on account of the increasing demand for affordable skincare services. Extensive patient pool in APAC along and growing preference to maintain youthful appearance are key factors accelerating APAC skin tightening market growth over the forecast period.

Besides, increasing medical tourism in developing nations such as Thailand and India along with growing popularity towards the aesthetic appearance in nations like South Korea will play a key role in market expansion. Besides, growing investment in healthcare infrastructure by leading market players may further accelerate the regional market outlook over the forecast period.

 

The strong presence of industry participants

Based on the competition landscape, it is important to mention that the skin lighting market has a robust presence of industry participants. These firms are implementing numerous organic as well as inorganic growth strategies such as new product launches, joint partnerships, acquisitions, and mergers to tap major market share.

Citing an instance to highlight the same, Oct. 2018, U.S. FDA had announced the approval of Allerga Inc.’s CoolSculpting fat-freezing system. This new approval helped the company to strengthen its complete product portfolio.

Notably, companies such as Cutera, Project E Beauty, Alma Lasers (Sisram), Lynton Lasers Ltd, Venus Concept, Allergan (Abbvie), Solta Medical (BAUSCH HEALTH COMPANIES), SharpLight Technologies, and Beijing HONKON Technologies are currently at the forefront of skin tightening market. 

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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

3.4.2    By portability

3.4.3    By end-use

3.5    COVID-19 impact analysis

3.6    Porter’s analysis

3.7    Competitive landscape, 2019

3.8    PESTEL Analysis