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Ultrasound Skin Tightening Devices Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2033
Ultrasound Skin Tightening Devices Market Share
According to The Business Research Company's, the wrapping machine market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to e-commerce boom, manufacturing efficiency, retail industry demand, cost reduction and labor efficiency, globalization of supply chains.
The wrapping machine market size is expected to see strong growth in the next few years. It will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rise of sustainable packaging, customization and personalization, evolving retail trends, pharmaceutical and healthcare sector growth, food industry regulations. Major trends in the forecast period include integration of industry 4.0 technologies, technological advancements in packaging, sustainable packaging solutions, rise in e-commerce and last-mile delivery needs, flexibility and customization.
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Market Drivers and Trends:
Increasing demand for facial plastic surgery is expected to propel the growth of the ultrasound skin-tightening device market. Facial plastic surgery involves reshaping structures in the head and neck, such as the nose, ears, chin, cheekbones, and neckline. Ultrasound skin tightening provides a secure and efficient method to improve facial skin tightness in facial plastic surgery for individuals with skin laxity and sagging. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), a US-based medical organization dedicated to facial plastic and reconstructive surgeries, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 grew by 40% as compared to 2020. Furthermore, in 2021, roughly 1.4 million surgical and nonsurgical procedures were performed. Therefore, the increasing demand for facial plastic surgery will drive the growth of the ultrasound skin-tightening device market.
Major companies operating in the ultrasound skin tightening device market are developing innovative products such as Alma PrimeX non-invasive body contouring to gain a competitive advantage. Alma PrimeX Non-invasive Body Contouring is a non-surgical machine that reduces fat and improves the body's appearance. For instance, in April 2021, Alma Lasers Ltd., an Israel-based provider of aesthetic medical technologies, launched the Alma PrimeX Non-invasive body contouring machine that combines radiofrequency (RF) and ultrasound to tighten and shape the abdomen, waist, thighs, and buttocks. With Alma PrimeX, fat cells can be carefully targeted for unheard-of, long-lasting body sculpting outcomes. It is made with UniPolar RF energy to heat the skin at the dermal level, targeting collagen and elastin fibers while encouraging the formation of new collagen, and guided transverse wave ultrasound to selectively influence adipose tissue to reduce the thickness of fat in the body.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Bausch Health Companies Inc., Cynosure LLC, Hologic Inc., Lynton Lasers Ltd., El.En Group, Merz Pharma GmbH & Co. KGaA, Lumenis Inc., InMode Ltd., Syneron Medical Ltd., Cutera Inc., Lutronic Corporation, Fotona LLC, Venus Concept Inc., Solta Medical Inc., Sciton Inc., Bison Medical Co Ltd., Strata Skin Sciences Inc., Ulthera Inc., EINS MED Co, EndyMed Medical Ltd., Thermigen LLC, Beijing ADSS Development Co Ltd., Alma Lasers Ltd., Guangzhou Beautylife Electronic Technology Co Ltd., Dimyth Beauty Equipment Manufacturer, Lumasail Industrial Inc., Daeyang Medical Co Ltd., SmarterSkin Dermatology
Ultrasound Skin Tightening Devices Market 2024 Key Insights:
• The ultrasound skin tightening devices market is expected to grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
• Rising Demand For Facial Plastic Surgery Fuels Ultrasound Skin-Tightening Devices Market Growth
• Innovative Ultrasound Skin Tightening Devices Redefining Non-Invasive Body Contouring
• North America was the largest region in the ultrasound skin tightening devices market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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