Non-Surgical Skin TighteningMarket – Regional Insights
On the basis of region, theglobal Non-SurgicalSkin Tightening Market is segmented into North America, Europe, LatinAmerica, Asia Pacific, Middle East, and Africa. North America holds thedominant position in market, owing to increasing awareness of people in theregion about one’s aesthetic appeal. Moreover, presence of major market playerslike Sciton, Inc. and Cynosure Inc. in this region especially in the U.S., isalso a major factor accelerating growth of non-surgical skin tightening marketsize in this region. Furthermore, increasing number of players are launchingadvanced 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 witnessedincreasing use of non-invasive skin tightening procedures instead ofconventional plastic surgeries. This is owing to increasing awareness regardingnon-invasive procedures. Increasing number of people are focusing on one’saesthetic appeal and this has led to increasing demand for such non-surgicalprocedures for skin tightening. These procedures aid in reducing wrinkles andimprove the texture of the skin, which is used by individuals. For instance,according to the American Society for Aesthetic Plastic Surgery (ASAPS) 2016report, it was estimated that over 11 million aesthetic procedures wereperformed by board?certified specialists, of which 16.5% were surgicalprocedures and 83.5% were non?surgical procedures. Several types of productsare 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 TighteningMarket – Dynamics
Skin tightening procedures areincreasing gaining popularity, especially non-invasive procedures that aid inimproving skin laxity. In order to improve one’s aesthetics, people for optingfor these procedures. This is a major factor for growth of the market.Moreover, dermatologists are also recommending non-surgical treatment for skintightening than of invasive procedures. Furthermore, lower cost of these proceduresin comparison to invasion surgeries, is another factor for high adoption ofthese procedures and this is expected to support growth of the market. Forinstance, according to 2016 American Society of Plastic Surgeons (ASPS) reporta normal invasive cosmetic surgery procedure costs about US$ 3,000 to US$ 5,000each, whereas minimally invasive cosmetic procedures cost around US$ 300 to US$650 each. Another factor aiding in growth of the market is increasing approvalsfor advanced products such as laser products for skin tightening. For instance,in 2015, aesthetic laser systems manufacturer, DEKA Medical, received FDAclearance for its Synchro laser systems.
However, stringent regulationsfor aesthetic procedures, and high health risk sue to exposure to radiationsare expected to hamper growth of the market. For instance, according to apublished report in 2011 International Agency for Research on Cancer (IARC)showed the cancer risks involved with use of RF devices. Moreover, repeatedtreatment is required to maintain the skin and its texture. Therefore, patientshave to invest high capital for these repetitive treatments. This could alsoreduce adoption of such non-surgical procedures thereby, restraining the marketgrowth.
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Moreover, Asia Pacific isexpected to witness significant growth in the market over the forecast period,owing rising number of improvements in healthcare infrastructure and risingacceptance of aesthetic procedures within population. Moreover lower cost ofcosmetic procedures within the region are gaining attraction of customers fromvarious parts of the world as well. For instance, according to Korea HealthIndustry Development Institute 2015 survey, 41,263 international patients wentthrough cosmetic and plastic surgery procedures in South Korea.
Non-Surgical Skin TighteningMarket – Competitive Landscape
Key players operating in theglobal 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 advancedtechnologies for skin tightening and are focusing on collaborations, in orderto retain dominant position in the market. For instance, in 2017, Silk'nlaunched, FDA cleared skin tightening device, Titan that works with harmonizedenergy technology to reduce wrinkles and lift facial contours.
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