Non-Surgical Skin Tightening
Market – Regional Insights
On the basis of region, the
global Non-Surgical
Skin Tightening Market is segmented into North America, Europe, Latin
America, Asia Pacific, Middle East, and Africa. North America holds the
dominant position in market, owing to increasing awareness of people in the
region about one’s aesthetic appeal. Moreover, presence of major market players
like Sciton, Inc. and Cynosure Inc. in this region especially in the U.S., is
also a major factor accelerating growth of non-surgical skin tightening market
size in this region. Furthermore, increasing number of players are launching
advanced products in the region for skin tightening. For instance, in 2018,
NuFace launched first-ever, FDA-cleared, microcurrent skin toning device,
NuBODY, for smoothing of dimpled and uneven skin on the body.
The recent past has witnessed
increasing use of non-invasive skin tightening procedures instead of
conventional plastic surgeries. This is owing to increasing awareness regarding
non-invasive procedures. Increasing number of people are focusing on one’s
aesthetic appeal and this has led to increasing demand for such non-surgical
procedures for skin tightening. These procedures aid in reducing wrinkles and
improve the texture of the skin, which is used by individuals. For instance,
according to the American Society for Aesthetic Plastic Surgery (ASAPS) 2016
report, it was estimated that 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. Several types of products
are available in the market such as ultrasound devices, laser-based devices,
and RF devices for conducting various non-surgical skin tightening procedures
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Non-Surgical Skin Tightening
Market – Dynamics
Skin tightening procedures are
increasing gaining popularity, especially non-invasive procedures that aid in
improving skin laxity. In order to improve one’s aesthetics, people for opting
for these procedures. This is a major factor for growth of the market.
Moreover, dermatologists are also recommending non-surgical treatment for skin
tightening than of invasive procedures. Furthermore, lower cost of these procedures
in comparison to invasion surgeries, is another factor for high adoption of
these procedures and this is expected to support growth of the 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. Another factor aiding in growth of the market is increasing approvals
for advanced products such as laser products for skin tightening. For instance,
in 2015, aesthetic laser systems manufacturer, DEKA Medical, received FDA
clearance for its Synchro laser systems.
However, stringent regulations
for aesthetic procedures, and high health risk sue to exposure to radiations
are expected to hamper growth of the market. For instance, according to a
published report in 2011 International Agency for Research on Cancer (IARC)
showed the cancer risks involved with use of RF devices. Moreover, repeated
treatment is required to maintain the skin and its texture. Therefore, patients
have to invest high capital for these repetitive treatments. This could also
reduce adoption of such non-surgical procedures thereby, restraining the market
growth.
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Moreover, Asia Pacific is
expected to witness significant growth in the market over the forecast period,
owing rising number of improvements in healthcare infrastructure and rising
acceptance of aesthetic procedures within population. Moreover lower cost of
cosmetic procedures within the region are gaining attraction of customers from
various parts of the world as well. 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.
Non-Surgical Skin Tightening
Market – Competitive Landscape
Key players operating in the
global non-surgical skin tightening market include Fotona d.d., Solta Medical Inc., Alma Lasers Ltd.,
Cynosure Inc., Lynton Lasers Ltd., Strata Skin Sciences Inc., Cutera Inc.,
Sciton, Inc., Lutronic Corporation, Venus Concept Canada Corp., and EL.En.
S.p.A., Lumenis Ltd. Major players are engaged in developing advanced
technologies for skin tightening and are focusing on collaborations, in order
to retain dominant position in the market. For instance, in 2017, Silk'n
launched, FDA cleared skin tightening device, Titan that works with harmonized
energy technology to reduce wrinkles and lift facial contours.
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