Skin Tightening Market to exceed US$ 2,350.22 million in 2027 Says, The Insight Partners

According to The Insight Partners new market research study on "Skin Tightening Market to 2027 - COVID-19 Impact and Global Analysis - by Product Type, Treatment Type, Portability, Application, and End User," the market is expected to reach US$ 2,350.22 million in 2027 from US$ 1,350.40 million in 2019. The market is estimated to grow with a CAGR of 7.3% from 2020 to 2027.

The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. The growth of the market is attributed to some of the key driving factors such as increasing cosmetic procedures, and growing aging population. However, high cost of cosmetic procedures is expected to obstruct the growth of the market to a certain extent during the forecast years.

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Based on application, the skin tightening market is segmented into wrinkle reduction, face lifting, body lifting, anti-ageing, and others. The anti-ageing segment held the largest share of the market in 2019; whereas, the wrinkle reduction segment is estimated to register the highest CAGR in the market during the forecast period.

Many players operating in the skin tightening market are developing and launching new products. The strategy helps them expand their geographic reach and capacity to cater to a large number of customers. Cutera Inc., US, is a global leader of laser and other energy-based esthetic devices. In January 2018, it introduced Secret RF, a new fractional radio frequency (RF) micro-needling device, which effectively remodels collagen, improves mild wrinkles, and removes scars.

Merz Pharma, Cutera Inc., Alma Lasers, BRERA MEDICAL TECHNOLOGIES S.R.L., Pollogen, BISON MEDICAL, Cynosure, and Bausch Health Companies Inc. are among the leading companies in the skin tightening market.

Silk'n and its parent company, Home Skinovations Ltd, are globally leading providers of at-home beauty devices. In October 2017, Silk'n launched Titan, an anti-aging device designed for home use. The device works from the inside out to activate the body's natural restoration process, and provides younger looking skin on the face and neck. The innovative technology provides the most advanced, noninvasive method to tighten skin, and works by harmonizing three forms of energy-infrared, LED light, and RF-to reduce wrinkles and repair collagen and elastin fibers. This is the first at-home use device combining these three energy forms.

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The COVID-19 pandemic was first reported in December 2019 in Wuhan (China) and is causing massive disruptions in global supply chains, consumer markets, and the economy as a whole. As the healthcare sector is focusing on saving life of patients suffering from COVID-19, the demand for skin tightening is reducing worldwide.

In October 2017, Solta Medical, a division of Valeant Pharmaceuticals International, Inc., received clearance from USFDA for its Thermage FLX System, which is a noninvasive device that softens the skin on the face, eyes, and body by reducing the appearance of fine lines and wrinkles. Thus, the consistent advancements in skin tightening through new product launches is likely to be a prevalent trend in the market during the coming years.

In June, 2019 - Allergan plc announced that CoolTone device received FDA clearance to improve abdominal tone, strengthen abdominal muscles, and develop firmer abdomen. CoolTone is also designed to strengthen, tonne, and firm buttocks and thighs.

In November, 2019 - Merz Aesthetics, an independent multinational aesthetics and neurotoxin company that is part of the global Merz Pharma Group, has announced the launch of Ultherapy in India. Ultherapy is the only non-invasive procedure that has been cleared by the US Food and Drug Administration (FDA) for raising skin to the throat, chin, and forehead, and for strengthening décolletage lines and wrinkles.

In May, 2020 - AbbVie, a research-based global biopharmaceutical company, announced that it has completed its acquisition of Allergan plc after receiving regulatory approval from all government authorities required by the Irish High Court's Transaction Agreement.

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This release was published on openPR.