Skin Tightening Devices Market
Added: (Fri Dec 31 2021)
Pressbox (Press Release) -
Market Overview
The Global Skin Tightening Devices Market is expected to grow at a CAGR of 8.4% during the forecasting period (2021 - 2028).
Skin tightening is an aesthetic treatment in which several techniques such as laser, invasive, non-invasive, radiofrequency, and others are used.
Laser skin tightening is minimally invasive, a non-surgical process that uses an infrared light source to tighten the skin through heating collagen under the skin surface which makes the skin tight.
Laser-based skin tightening is an FDA approved method for the reduction of wrinkles, skin laxity, and fine lines. It is a safe and effective aesthetic treatment used for providing a young-looking appearance to the skin all over the body.
Skin tightening treatment leads to the growth of new collagen in the laser-treated area as well as increases the absorption of collagen from untreated areas.
After the laser treatment, the natural collagen regeneration makes the skin smoother, soft, and youthful in appearance.
There is a growing advancement in technology for skin tightening devices. Various skin disorders can be treated due to the improvised technology in skin tightening devices. There are several pain-less skin tightening devices launched, which have increased the market growth in the past few years.
There is also an increase in medical spa treatment which has generated awareness among the people towards skin rejuvenation. Also, people are more conscious about their skin and thus using various skin tightening devices so that the skin should get revive.
However, skin tightening devices are very costly. The laser skin tightening equipment and its maintenance is very expensive.
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The COVID-19 outbreak has impacted the skin tightening devices market significantly. The medical aesthetic sector is facing several challenges in its manufacturing and supply chain, including delivering products to end-users. The market has observed a negative growth with a decline in the product demand from end-users, temporary closure of several end-user facilities (including beauty centers and spas), limited operations in most of the industries disrupted the supply chain and several other challenges faced in essential services due to the lockdown.
North America is dominating the skin tightening devices market with the largest market share in 2019, owing to the rising advancement in technology, advanced healthcare systems, and the growing adoption of minimally invasive aesthetic surgeries. On the other
hand, the Asia-Pacific skin tightening market is growing and will have a great demand over the forecast period, due to the increase in obesity because of which skin can become loose.
In February 2018, Venus Concept Ltd. acquired NeoGraft Solutions, Inc. (U.S.). This acquisition helped in broadening the company’s (Venus Concept Ltd) current customer base and product portfolio.
Segmentation Analysis
– By Product Type
Laser Skin Tightening*
Radio Frequency Skin Tightening
Ultrasound Skin Tightening
– By Treatment Type
Non-Invasive*
Minimally Invasive
Competitive Landscape
The global skin tightening devices market is fragmented with the presence of a large number of market players. Some of the major players contributing to the growth of the skin tightening devices market are Allergan Plc., Bausch Health Companies Inc., Cutera Palomar Medical Technologies, BISON MEDICAL, Pollogen, BRERA MEDICAL TECHNOLOGIES S.R.L., Cutera, Venus Concept, Alma Lasers, Beijing Winkonlaser Technology Ltd., among others.
The key players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the skin tightening devices market globally. For instance,
In April 2019, Hologic, Inc. launched the Trident HD Specimen Radiography System in the U.S., Canada, and Europe. The Trident HD system helps in delivering superior image quality to reduce the recalls and streamline workflows during decreasing procedure times. This helps the company to enhance its product portfolio and expand its presence in the U.S., Canada, and Europe.
In January 2018, Cutera, Inc. launched two new products Juliet and Secret RF. Both the products are used in the medical aesthetic in which Juliet laser offers a best-in-class alternative to patients to improve sexual function and overall vaginal health. The Secret RF improves mild wrinkles and diminishes scars.
In August 2018, Venus Concept Ltd. launched a new Advanced Connectivity Module (ACM) Revenue Share Program, which was powered by Venus Connect smart technology. This program was launched in the U.S. and Canada, which provided guidance to customers related to aesthetics.
In December 2017, Allergan received the approval of CoolSculpting treatment from the FDA, which is a non-invasive fat reduction technology, used to enhance the skin texture and reduction of submental fat and double chin treatments. The product ensures the treatment of the customers needing non-invasive treatments for medical aesthetics.
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