Skin Tightening Market Size and Share: 2021-2031 Key Findings
The skin tightening market size was estimated to be US$ 1.62 billion in 2021 and US$ XX billion in 2023 and is expected to reach US$ 4.32 billion by 2031; it is estimated to record a CAGR of 11.9% in 2023–2031. The strategic initiatives in skin tightening technology, the increase in the prevalence of skin disorders, consumer awareness about skincare treatments, and the rising demand for skincare treatments are driving factors. Technological advancements in medical aesthetic devices will likely remain key to skin-tightening market trends.
Skin Tightening Market Analysis
Skin tightening procedures can be invasive, non-invasive, or minimally invasive to reshape a body part and tighten the saggy skin. Skin tightening can be done surgically via liposuction or using less invasive methods such as cryolipolysis, injection lipolysis, radiofrequency lipolysis, and laser lipolysis. The main goal of skin tightening procedures is to eliminate unwanted and achieve firmness in the treatment area. Liposuction or lipolysis, an invasive body contouring procedure, has been one of the most popular and in-demand plastic surgery treatments and is especially effective in removing fat from the legs, back, arms, abdomen, neck, and face.
Skin Tightening Market Overview
Asia Pacific is the fastest-growing market for skin tightening. The growth is mainly urged by the growing developments in the medical device industry, the rising number of medical aesthetic procedures, and various aesthetic clinics offering laser treatment. According to ISAPS, Australia ranks in the top 10 countries spending the most money on aesthetics. Most of the people spent on anti-wrinkle injections and other dermal fillers. Most common skin-tightening devices use radiofrequency technology and ultrasound energy to target the skin’s deeper dermis and subcutaneous layers, tightening the underlying tissue structure without harming the skin outer layers.
From July 1, 2023, the Australian Health Practitioner Regulation Agency (AHPRA) implemented new Guidelines for registered medical practitioners who perform cosmetic procedures and surgery.
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Skin Tightening Market: Strategic Insights
Market Size Value in US$ 1,350.40 Million in 2019 Market Size Value by US$ 2,350.22 Million by 2027 Growth rate CAGR of 7.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Skin Tightening Market: Strategic Insights
Market Size Value in | US$ 1,350.40 Million in 2019 |
Market Size Value by | US$ 2,350.22 Million by 2027 |
Growth rate | CAGR of 7.3% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystSkin Tightening Market Drivers and Opportunities
Increase in Prevalence of Skin Disorders and Consumer Awareness About Skincare Treatments
According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million Americans annually. The increasing geriatric population inclined to wrinkles , therefore it is boosting the demand for antiaging, toning, and skin rejuvenation treatments to hide the signs of aging. There is a global demand for laser treatments, body contouring, and skin tightening. As per The Aesthetic Society, 41,301 skin rejuvenation processes were executed in the US, generating a revenue of US$ 31,567,167 in 2021. Also, consumer awareness about skincare treatments is increasing the number of medspas and skin clinics that provide reasonable skin treatments for various skin conditions.
Rising Demand For Skincare Treatments– An Opportunity
There is a global demand for laser treatments, body contouring, and skin tightening. The key players ' organic and inorganic growth initiatives are expected to offer profitable growth opportunities for market growth in the country. For instance, in October 2020, Endolift, a skin-tightening laser treatment, was launched in the UK. When inserted under the skin, the device uses optical fiber to deliver laser energy directly into the subcutaneous layer. The energy initiates the remodeling of collagen, which results in visible skin tightening. In February 2024, Cutera commercially released AviClear, the first energy-based FDA-cleared device for treating mild, moderate, and severe acne. AviClear is available in the UK and Australia.
Adoption of skin tightening devices has increased significantly across various North American, European, and Asian countries.
Skin Tightening Market Report Segmentation Analysis
Key segments that contributed to the derivation of the skin tightening market analysis are product type, portability, treatment type, application, and end user.
- Based on product type, the skin tightening market is divided into radiofrequency skin tightening, laser skin tightening, and ultrasound skin tightening. The radio frequency skin tightening segment held the largest share of the market in 2023. Moreover, the laser skin tightening segment is estimated to register the highest CAGR in the market during the forecast period.
- Based on portability, the skin tightening market is divided into portable and standalone. The standalone segment held the largest share of the market in 2023. Moreover, the portable segment is estimated to register the highest CAGR in the market during the forecast period.
- Based on treatment type, the skin tightening market is divided into non-invasive and minimally invasive. The non-invasive segment held the largest share of the market in 2023. Moreover, the same segment is estimated to register the highest CAGR in the market during the forecast period.
- Based on application, the skin tightening market is divided into wrinkle reduction, face lifting, body lifting, anti-aging, and others. The anti-aging segment held the largest share of the market in 2023. Moreover, the wrinkle reduction segment is estimated to register the highest CAGR in the market during the forecast period.
- Based on the end user, the skin tightening market is segmented into dermatology clinics, hospitals, beauty salons and cosmetic centers, and home care. The dermatology clinics segment held the largest share of the market in 2023. However, the beauty salons and cosmetic centers segment is projected to register the highest CAGR in the market during the forecast period.
Skin Tightening Market Share Analysis by Geography
The geographic scope of the skin tightening market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the skin tightening market. The market's growth is attributed to a crease in the prevalence of skin disorders, consumer awareness about skincare treatments, and a surge in the acceptance of non-invasive and minimally invasive aesthetic medical procedures. In addition, new product launches & approvals for performing skin tightening are significantly growing in the country. Asia Pacific is predictable to grow with the highest CAGR in the coming years.
Skin Tightening Market Report Scope
Skin Tightening Market News and Recent Developments
The skin tightening market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for skin tightening:
- RIVER AESTHETICS launched a new and innovative treatment for our vast range of non-surgical face, body, and skin procedures: PROFHILO body. Profhilo is the only injectable solution available that specifically treats body laxity. Injected at various points around the treated area, it slowly releases the highest concentration of ultrapure hyaluronic acid on the market, filling wrinkles and deeply hydrating the skin for visible tightening. (Source: RIVER AESTHETICS/Press Release, February 2024)
- Reveal Lasers, announced the launch of its device, Denza, featuring monopolar + bipolar radiofrequency with sequential pulsing technology. This device not only delivers amazing skin tightening results, but it does so with an elegance that matches its efficiency. (Source: Reveal Lasers, Press Release, October 2023)
Skin Tightening Market Report Coverage and Deliverables
The “Skin Tightening Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Portability ; Treatment Type ; Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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