Skin Tightening Market Was Valued at USD 2,463.8 Million in 2021, Rising Demand for Radio Frequency Skin Tightening

According to Precision Business Insights, the global skin tightening market is segmented by Product Type (Radio Frequency, Laser, and Ultrasound), By Portability (Portable and Standalone), By Treatment Type (Non-invasive and Minimally Invasive), By Application (Wrinkle Reduction, Face Lifting, Body Lifting, Anti-aging, and Others), and Geography, 2017-2028. The global skin tightening market is anticipated to grow with a significant CAGR over the forecast period to reach USD 3,628.9 Mn by 2028 owing to the rising awareness of skin tightening among the younger generation coupled with the high adoption of non-invasive procedures globally coupled with the growing demand of skincare among the women due to their occupations like modeling, acting, advertisements and some other fields, the beauty concern going to increase. According to a United Nation report, the old age population grew more than twice in number from 1980 to 2017, in 1980 the old age population was around 382 million which is increased to 962 million in 2017 and the number of older persons is expected to double again by 2050

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Radiofrequency Skin Tightening Dominates the Skin Tightening Market
The radiofrequency skin tightening segment accounted for 39.5% of the market and is expected to grow at a significant CAGR over the forecast years (2022 - 2028). The large share of the scanners segment can be attributed to the fact that treatment is painless, quick, and replaces damaged skin providing a youthful appearance. Moreover, with the growing educated population in developing countries, people are more aware of the skincare by nonsurgical as well as surgical methods and increasing disposable income in most of the population, which allows them to undergo advanced skin tightening processes that ensure maximum efficacy. However, the availability of alternative products in the market is the major factor restraining the growth of the market.

North America Leads Skin Tightening Market:
North America holds a market share of 43.7% in the skin tightening market in the historic period, and it is projected to grow at a significant CAGR during the forecast period owing to the increasing focus on innovation and development of new devices and technologies for the betterment of skin treatment. (For instance, In April 2019, Hologic, Inc. (U.S.) launched Trident HD Specimen Radiography System in the U.S., Canada, and Europe.). Moreover, advanced healthcare systems and the increasing adoption of minimally and non-invasive aesthetic surgeries will drive regional market demand and increasing research and development and launch of new products create a huge opportunity for North America. However, the high cost of the aesthetic devices and the high treatment cost also limit the people taking treatment.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The global Skin Tightening market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2021, Cutera has announced the launch of the new Secret radiofrequency (RF) micro-needling device, a secret PRO into its portfolio that offers a "multi-layered" approach to skin rejuvenation, using CO2 skin resurfacing application 'Ultra-Light' to target the epidermis. In February 2020, Cynosure announced the US Food and Drug Administration (FDA) approval of the Potenz Radiofrequency (RF) micro-needling device, which became the first and only FDA-certified four-mode RF micro-needling device that offers clinicians unrivaled versatility and personalized patient treatment.

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Key players' profiles in the report are MerzPharma, Cutera Inc., Alma Lasers, BRERA MEDICAL TECHNOLOGIES S.R.L., Pollogen, BISON MEDICAL, Cynosure, Bausch Health Companies Inc., AbbVie Inc., and BTL Group of Companies.

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