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Skin Tightening Market Size By Product Type (Ultrasound Skin Tightening, Radio Frequency Skin Tightening, Laser Skin Tightening), By Portability (Portable, Standalone), By End-use (Dermatology Centers, Hospitals, Homecare Settings), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4880
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Skin Tightening Market size was worth more than USD 660 million in 2022 and is expected to record a 12.4% CAGR from 2023-2032. Technological advancements in skin tightening procedures are expected to complement the market expansion.
 

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Increasing geriatric population across the globe will offer lucrative business prospects for skin tightening industry players. Expanding geriatric population represents a substantial need for cosmetic procedures to address the sagging of skin and other aging relating skin concerns. Individuals above 65 years of age experience loosening of the skin caused by the loss of proteins such as elastin and collagen, exposure to pollution, and weight loss. For instance, according to the United Nations Population Fund (UNFPA), nearly 1 in 4 people in Asia Pacific will belong to the 60 years and above age group by 2050. The elderly population in APAC is estimated to reach 1.3 billion, tripling between 2010 and 2050.
 

Potential side effects of skin tightening treatment to hinder skin tightening market statistics

Skin tightening products and treatments are considered to have a wide range of side effects based on the skin types they are used on. Some of the common side effects include rashes, bruising, swelling, and blistering. While most of the side effects can be easily subsided, some of them may impart a long-lasting impact on the skin necessitating fillers to fix the damage, potentially driving customer inclination toward alternative treatment. For instance, in March 2022, the U.S. FDA issued a safety warning against the use of Apyx Medica’s Renuvion/J-Plasma device and other aesthetic procedures due to its adverse effects. Similar incidences are expected to affect customer preference and impede product demand.

 

Rising investments in medical aesthetic procedures to foster innovations in laser skin tightening technologies

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Based on product, the skin tightening market form laser segment was valued at more than USD 220 million in 2022. Laser skin technology offers a broad spectrum of benefits including minimal downtime, and precise medical aesthetic procedures. This technology has a high customer preference owing to the variety of advantages and has attracted significant investments along with R&D activities. For instance, in May 2022, American private equity firm, Clayton, Dubilier & Rice infused USD 60 million in Cynosure, a leading manufacturer of medical aesthetic systems and treatments for plastic surgeons, and dermatologists. The investment is intended to boost innovation in the field of cosmetic procedures.
 

Technological advancements in portable skin tightening devices to favor industry dynamics

Skin tightening market size from portable devices is anticipated to witness over 13% CAGR from 2023-2032. Portable devices for skin tightening treatment are gaining significant momentum due to their cost-effectiveness, and ease of use. The majority of these devices feature advanced radio frequency technology that helps reduce sagging in patients and tightens collagen. These devices are also picking pace due to growing customer inclination toward at-home cosmetic procedures and spa services. Favorable initiatives from industry players focusing on the development of portable skin tightening devices with the same power and efficacy as that of stationery counterparts will complement the industry outlook.
 

Extensive clinical studies to proliferate skin tightening adoption in homecare settings

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Homecare settings end-use segment is projected to expand at over 13.5% CAGR over the forecast years from 2023-2032. At-home skincare trends and the development of technologically advanced portable devices for skin tightening procedures will foster segment growth. Growing customer preference for skin tightening technologies that are easy to use and minimally complex is further driving the adoption of these systems across homecare settings. In recent years, several clinical trials have been conducted to demonstrate the efficacy of at-home solutions. For instance, according to a new study published in the journal Dermatology and Therapy in May 2022, a home-based radiofrequency beauty device is more effective than most of the commercially available cosmetic alternatives.
 

Growing medical tourism to augment APAC skin tightening market demand

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Asia Pacific skin tightening market size is estimated to surpass USD 500 million by 2032. The region is expected to emerge as a potential hub for skin tightening with significant advancements in aesthetic treatments. Cosmetology and skin science experts are increasingly focusing on overcoming the side effects associated with skin tightening while the regional players are working toward reducing procedural costs. Rising disposable income and growing preference for facial appearance among teenagers and the aging population will proliferate the demand for skin tightening services and devices in APAC. Furthermore, considerable growth in medical tourism will enable the expansion of the skin tightening industry across the region.
 

Product developments to foster the competitive landscape of skin tightening market

Some of the leading companies in the global skin tightening industry include Beijing HONKON Technologies Co, Ltd., SharpLight Technologies Inc., Project E Beauty, Solta Medical, Venus Concept, Lynton Lasers Limited., Cynosure Inc., Cutera, Merz Pharma, Alma Lasers (Sisram), Allergan. These entities are focusing on new product development to strengthen their market positioning. For instance, in March 2021, Solta Medical revealed Clear+Brilliant Touch laser to provide personalized treatment to patients across multiple age groups with different skin types.
 

Impact of COVID-19 pandemic on the skin tightening industry development

The COVID-19 pandemic negatively influenced the global market trends due to growing concerns associated with the transmission of infection during procedures. The number of cosmetic procedures such as laser skin tightening, ultrasound skin tightening, and radio frequency skin tightening reduced dramatically due to the high hospitalization rate and a solid rise in COVID-19 cases. Additionally, several pharmaceutical companies producing aesthetic medicines experienced new trade restrictions, which disrupted the supply chain. Moreover, hospitals and healthcare facilities delayed elective procedures to address the burgeoning hospitalization rate associated with the pandemic.
 

The skin tightening market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

By Product Type

  • Ultrasound skin tightening
  • Radiofrequency skin tightening
  • Laser skin tightening

By Portability

  • Portable
  • Standalone

By End-use

  • Dermatology centers
  • Hospitals
  • Homecare settings
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Others
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Others

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for skin tightening was worth more than USD 660 million in 2022 and is expected to record a 12.4% CAGR from 2023-2032.
Laser skin tightening segment was valued at more than USD 220 million in 2022 owing to advantages such as accurate medical aesthetic procedures and minimal downtime.
Asia Pacific market for skin tightening is estimated to surpass USD 500 million by 2032 due to increasing medical tourism.
SharpLight Technologies Inc., Project E Beauty, Solta Medical, Venus Concept, Cynosure Inc., Cutera, Merz Pharma, Allergan are some of the leading companies in the global market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 198
  • Countries covered: 19
  • Pages: 130
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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