Global Non-surgical Skin Tightening Market – Insights
Increasing awareness regarding non-invasive procedures and focus on enhancing aesthetic appeal has led to high adoption of non-invasive skin tightening procedures compared to conventional plastic surgeries. Non-surgical skin tightening procedures aid in reducing wrinkles and in improving skin texture.
Global Non-surgical Skin Tightening Market: Drivers
Increasing focus on enhancing aesthetic appeal among the populace is expected to boost growth of the global non-surgical skin tightening market over the forecast period. For instance, according to the American Society for Aesthetic Plastic Surgery (ASAPS)’s 2016 report, over 11 million aesthetic procedures were performed by board-certified specialists, of which 16.5% were surgical procedures and 83.5% were non-surgical procedures. Ultrasound devices, laser-based devices, and RF devices are used to conduct various non-surgical skin tightening procedures.
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Moreover, increasing recommendation of non-surgical skin tightening procedures from dermatologists and low cost of these procedures is also expected to boost growth of the global non-surgical skin tightening market. For instance, according to 2016 American Society of Plastic Surgeons (ASPS) report, a normal invasive cosmetic surgery procedure costs about US$ 3,000 to US$ 5,000 each, whereas minimally invasive cosmetic procedures cost around US$ 300 to US$ 650 each.
Increasing product approvals are also contributing to growth of the market. For instance, in 2015, the U.S. Food and Drug Administration (FDA) approved DEKA Medical’s Synchro laser system.
Global Non-surgical Skin Tightening Market: Restraints
Major factors hindering growth of the global non-surgical skin tightening market include, stringent regulations regarding aesthetic procedures and high risk of exposure to radiations during treatment. For instance, according to a report by International Agency for Research on Cancer (IARC) that was published in in 2011, use of RF devices may increase the risk of cancer. Moreover, high healthcare expanse due to need for repeated treatments is also expected to hinder growth of the market.
Global Non-surgical Skin Tightening Market: Regional Analysis
North America is expected to account for the largest market share in the global non-surgical skin tightening market over the forecast period. This is attributed to increasing focus on enhancing aesthetic appeal among the people in the region. Moreover, presence of major market players such as Sciton, Inc. and Cynosure Inc. is also expected to boost growth of the market in the region. Key players in North America market are focused on launching advanced products to expand their product portfolio. For instance, in 2018, NuFace launched first-ever, U.S. FDA-cleared, microcurrent skin toning device, NuBODY, for smoothing of dimpled and uneven skin on the body.
Developing healthcare sector and increasing adoption of aesthetic procedures is expected to boost growth of the market in Asia Pacific. Moreover, lower cost of cosmetic procedures compared to those in developed markets is also expected to aids in growth of the market in the region. For instance, according to Korea Health Industry Development Institute 2015 survey, 41,263 international patients went through cosmetic and plastic surgery procedures in South Korea.
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Global Non-surgical Skin Tightening Market: Competitive Landscape
Major players operating in the global non-surgical skin tightening market include, Alma Lasers Ltd., Cynosure Inc., Fotona d.d., Solta Medical Inc., Strata Skin Sciences Inc., Lynton Lasers Ltd., Cutera Inc., Sciton, Inc., Lutronic Corporation, Venus Concept Canada Corp., and EL.En. S.p.A., Lumenis Ltd.
Key players in the market are focused on product launch to expand their product portfolio. For instance, in 2017, Silk’n launched the U.S. FDA-cleared skin tightening device, Titan that works with harmonized energy technology to reduce wrinkles and lift facial contours.
Global Non-surgical Skin Tightening Market: Taxonomy
On the basis of product type, the global non-surgical skin tightening market is segmented into:
- Laser-based Devices
- Ultrasound Devices
- RF Devices
- Others
On the basis of end users, the global non-surgical skin tightening market is segmented into:
- Dermatology Clinics
- Beauty Clinics
On the basis of geography, the global non-surgical skin tightening market is segmented into:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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