Global Skin Tightening Device Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Skin tightening treatment is a minimally invasive procedure that uses various methods to tighten skin such as radiofrequency, laser, ultrasound, and other methods to encourage the production of new collagen and elastin, the two proteins which help the skin to stay firm, smooth, and tight. Thereby giving skin a more youthful appearance. The Global Skin Tightening Market is expected to register a CAGR of 6.5 % during the forecast period of 2019 to 2028, with a market value of USD 6,340.998 million by 2028.

Top Driver: Due to people are more conscious about their skin

The growing medical aesthetics market along with the increasing awareness programs dedicated to the importance of skin health are anticipated to fuel the market growth. For instance, according to the Allergan Global Beauty Survey, esthetic treatments have become more socially acceptable in recent years. Around 71% of the people in the survey have admitted to being worried about wrinkles, while 41% are considering undergoing various medical esthetic treatments. On the other hand, exposure to radiation during the skin tightening procedures involve high health risks, and strict regulations policies for aesthetics in healthcare are projected to hamper the growth of the market during the assessment period. Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and product innovations to sustain their position in the market. For instance, in April 2019, Alma Lasers launched a third-generation liposuction solution, which is a complete all-in-one solution covering all stages of liposuction, skin tightening, and fat grafting procedures with maximum safety and clinically proven results.

Radio Frequency Skin Tightening Make Crucial Contribution for Growth of Global Skin tightening Device

Based on type, has been bifurcated into radiofrequency skin tightening, laser skin tightening, ultrasound skin tightening, and others. The radiofrequency skin tightening segment is expected to hold a major share in the market due to the wider preferability and long-lasting effective results in skin tightening. The laser skin tightening segment is anticipated to be the second-largest market due to the growing expenditure on cosmetic surgeries.

Based on application, the skincare devices market is segmented into hair removal, cellulite reduction, body contouring & skin tightening, disease diagnosis & treatment, damage repair, and skin rejuvenation. Skin tightening and body contouring are estimated to tread along a healthy growth track due to rising demand for no downtime, non-surgical, and non-invasive treatments. The cellulite reduction segment is also expected to witness significant growth owing to the introduction of new products such as ayurvedic anticellulite cream, fat-melting oil, slimming oil, anti-cellulite oil, and others.

North America dominated to witness the fastest growth in Global Skin tightening Device

The market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. North America was at the forefront of the market in 2015 owing to the introduction of the latest technologies such as U-P-5, and the presence of high-income consumers; while Europe is projected to be a somewhat mature market.

The Asia Pacific is poised to witness the fastest growth over the forecast period due to the presence of local manufacturers offering cost-effective products and services and the rising disposable income of the rapidly expanding consumer base.

Players to Focus on Skin tightening Device Market

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.
• CuteraPalomar Medical Technologies
• BISON MEDICAL
• Pollogen
• BRERA MEDICAL TECHNOLOGIES S.R.L.
• Cutera,
• Venus Concept
• Alma Lasers,
• Beijing Winkonlaser Technology Ltd.

Hologic, Inc; 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.

Cutera, Inc: In January 2018, Cutera, Inc. launched two new products Juliet and Secret RF. Both the products are used in medical aesthetics 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.

Scope of the Report

By ProductType

• Laser Skin Tightening
• Radio Frequency Skin Tightening
• Ultrasound Skin Tightening

By Treatment

• Non-Invasive
• Minimally Invasive

By Application

• Face Lifting
• Body Lifting
• Anti-Aging

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.