Global Skin Tightening Devices Market - 2022-2029

Market Overview

The global skin tightening devices market size was valued US$ 1,601.80 million in 2021 and is growing at a CAGR of 8.50% during the forecast period (2022-2029).

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.

Market Dynamics

The global skin tightening devices market is due to growing adoption of non-invasive aesthetic procedures, technological advancement in skin tightening devices.

Rising adoption of non-invasive aesthetic procedures drives the growth of the market

The growing demand for non-invasive skin treatment procedures is also driving the growth of the market. The rising awareness amongst people about non-invasive surgeries with lesser side effects has increased the adoption of non-invasive aesthetic lasers and energy devices. Non-invasive skin rejuvenation treatment with lasers based, Intense Pulsed Light-based, and LED equipment is designed to provide quick and faster recovery, hence, reduced hospital stays. For instance, 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.

Moreover, the rapidly aging population in this region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive the market. For instance, according to the American Society of Plastic Surgeons, in 2020, 2.3 million cosmetic surgical procedures, 13.2 million cosmetic minimally invasive procedures, and 6.8 million reconstructive procedures were performed in the United States, with a 3% increase in the number of procedures over 2019. Thus, the growing popularity of aesthetic treatment for facial enhancement is the key market driver.

Side effects of skin tightening devices is expected to hamper the market growth

The two most common serious side effects are acne and skin discoloration. Absorption of excess laser light can result in skin discoloration and blistering for a darker skin tone than lighter ones. Such post-treatment side effects create a block in opting for these treatments.

Some common side effects that may occur after laser hair removal treatments, includes itching, pink skin, redness, and swelling around the treatment area or swelling of the follicles (follicular edema). These side effects rarely last more than two or three days. Others unwanted side effects such as hypo- or hyper-pigmentation or, in extreme cases, burning of the skin call for an adjustment in laser selection or settings.

Risks include the chance of burning the skin or discoloration of the skin, hypopigmentation (white spots), flare of acne, swelling around the hair follicle, scab formation, purpura, and infection. These risks can be reduced by treatment with an appropriate laser type used at appropriate settings for the individual's skin type and treatment area. Hence, such treatment side effects can dissuade people from opting for these treatments, and negatively impact the growth of aesthetic lasers and energy devices market.

COVID-19 Impact Analysis

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.

Industry Analysis

The global skin tightening devices market provides in-depth analysis of the market based on various industry factors such as porter's five forces, regulatory analysis, supply chain analysis and pricing analysis, technological advancements, Unmet Needs.

Segment Analysis

The radiofrequency skin tightening segment is expected to hold the largest market share in global skin tightening devices market

Radiofrequency technology has become a standard treatment in aesthetic medicine with many indications due to its versatility, efficacy, and safety. It is used worldwide for cellulite reduction, acne scar revision, hypertrophic scars and keloids, rosacea, inflammatory acne and in all skin types. Also, radiofrequency therapy helps fight sun damage owing to its ability to promote the production of collagen. Increasing baby boomers population and increasing adoption of cosmetic procedures by various age groups is expected to increase the revenue share of the skin tightening segment in the forecast period. In 22 July, 2020, Solta Medical (a division of Bausch Health) launched Thermage FLX system, a radiofrequency device for non-invasively reducing the appearance of fine lines and wrinkles. With this product approval, the company enhanced its product portfolio. Laser skin tightening is an FDA-approved method for reducing wrinkles, skin laxity and fine lines. It is the safe and effective aesthetic treatment used for providing a youthful-looking appearance to the skin all over the body. Skin tightening treatment increases the growth of new collagen in the laser-treated area and increases the absorption of collagen from untreated areas. After the laser treatment, natural collagen regeneration makes the skin smoother, soft and youthful in appearance. The increasing focus of several companies in launching portable skin tightening devices for better skincare at home will positively impact the market size. For instance, in May 2020, Aivee Clinic launched a portable skin tightening and skin-lifting device at home. Also, portable skin tightening devices are small and can be used anywhere, which helps maintain skin tightening and skin toning routines.

Geographical Analysis

North America region holds the largest market share in the global skin tightening devices market

North America dominates the market for skin tightening devices and is expected to show a similar trend over the forecast period, owing to the rising advancement in technology, advanced healthcare systems, and the growing adoption of minimally invasive aesthetic surgeries. In the United States, according to the American Society of Plastic Surgeons, in 2020, 13,281,235 cosmetic minimally invasive procedures were performed. Moreover, rise in the importance of aesthetic appearance, increase in advanced health care infrastructure facilities, and availability of many experienced dermatologists and cosmetic surgeons to perform the facial aesthetics is driving the growth in the region. For instance, in April 2019, Hologic, Inc. has launched Trident HD Specimen Radiography System in the U.S., Canada and Europe. The Trident HD system helps deliver superior image quality, thereby helping to reduce the recalls and streamline workflows during decreasing procedure times. It would help the company enhance its product portfolio and strengthen its position in the U.S., Canada and Europe.

Competitive Landscape

The skin tightening devices market is highly competitive, owing to big market players in the industry. The key players of skin tightening devices which are contributing to the growth of the global market include 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.

Key Companies to Watch

Allergan Plc:

Overview: Allergan Aesthetics, an AbbVie company, develop, manufacture, and market a portfolio of leading aesthetics brands and products. The aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. With their own research and development team focused on driving innovation in aesthetics, the company is committed to providing the most comprehensive science-based product offerings available.

Product Portfolio: CoolSculpting treatment- It 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 aesthetic.

The global skin tightening devices market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.