(MENAFN- P&S Intelligence) 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.
Key Findings of Non-Surgical Skin Tightening Market Report
• According to an article published by the Baylor College of Medicine, 11% of the women were more interested in non-surgical cosmetic procedures, and the volume of virtual consultations for cosmetic procedures rose by about 64% among surgeons during the COVID-19 pandemic in the U.S.
• The RF-based non-surgical skin tightening market accounted for the dominant share, of around 35%, in 2021. Moreover, this tendency is expected to persist in the near future as these procedures help treat wrinkles and fine lines, fight against sun damage, and achieve body and face contouring and face slimming.
• Home-use aesthetic devices’ demand is increasing rapidly as they leave no scars and are less painful. These devices are better than the surgical procedures opted for skin tightening, simple, and cost-effective, which is why they offer excellent growth opportunity to players.
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.
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