Growing awareness for the latest skincare technologies and the willingness to spend more on skincare has fueled the skin tightening markets’ growth. Both men and women are turning to treatments to correct skin problems, as well as to perfect their countenance, no matter the cost, according to a recent report by Global Market Insights, Inc. For a part, this is driven by social media trends, promotion of skin makeovers by celebrities, and the new culture of online work and socialising because of the pandemic. Here is a look at the star devices responsible for this growth:
Laser skin tightening devices
The laser skin tightening market will witness a 10 per cent growth by 2026; this is one of the FDA approved methods for the reduction of fine lines, wrinkles, and skin laxity. It is safe, effective, requires only three to five sessions and is conducted by cosmetic dermatologist or highly trained skincare experts, making it a popular and sought-after treatment.
Standalone portability devices
Standalone portability devices facilitate treatments with greater accuracy as well as provide better results for patients, within the hour or less. Additionally, integrated functionalities and a lesser need of maintenance increases the preference, and hence demand for these devices at clinics and hospitals. The skin tightening market for the standalone portability segment was valued at US$ 350 million in 2019.
Homecare settings devices
A type of skin tightening device that is often used at home is the Ultrasound skin tightening device; they do not need a permit to operate or require a skilled professional to carry out the treatment, making it easily usable in homecare situations. This segment of the skin tightening market is estimated to achieve a CAGR of 12 per cent by 2026.
Asia-Pacific’s skin tightening market held over a 19 per cent revenue share in 2019; this was due to the price-sensitive industry, especially seen in India due to its large population base wanting affordable skincare (devices). In the APAC region, a large patient group, an increasing wish to maintain a youthful look, and, increasing less financial constraints will be responsible for the growth in the forecast period. Additional to these factors, growing medical tourism in developing economies such as India and Thailand, will enhance regional value. Finally, rising investment in healthcare infrastructure by leading market players will generate several potential growth opportunities in the Asia-Pacific region.