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The non-surgical skin tightening market size is expected to reach $2,059.7 million by 2030 from $1,140.6 million in 2021, at a 6.8% CAGR. In recent years, the increasing acceptance of aesthetic procedures among people has been pushing the market size. Therefore, companies offering these solutions have been vastly involved in product launches and in achieving regulatory approvals. Major companies in the market include Merz Pharma GmbH & Co KGaA, Cutera Inc., Bausch Health Companies Inc., Sisram Medical Ltd., Lumenis Be Ltd., and Cynosure.
As noticeable, more women prefer this technique than men, with men also considering it for appearance enhancement. For instance, in 2020, 10.4 million non-surgical procedures, which were 92% of the total, were performed on females, as per the Plastic Surgery Statistics Report. In addition, the highly developed healthcare facilities and advanced technology are lifting the market size.
Moreover, the below 35 years category is expected to grow at a 7% non-surgical skin tightening market CAGR in the near future. People in their 20s experience sun damage, dullness, and fatigued appearance, which, combined with the rising influence of social media, has made them more conscious of their appearance. Additionally, they have a vibrant social, which is making them take measures to maintain their looks.
Hence, skin tightening techniques accounted for 1.4% of the total cosmetic minimally invasive procedures, according to the Plastic Surgery Statistics Report 2020. The expenditure on non-invasive procedures for skin tightening in the U.S. alone in 2020 was around $462,988,577. Additionally, the anticipation of better outcomes of the procedures from professional dermatologists stimulates the demand.
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
