In 2021, the non-surgical skin tightening market stood at $1,140.6 million, and it will advance at a rate of 6.8% from 2021 to 2030, and reach $2,059.7 million by 2030, ascribed to the increased focus on the skin appearance among people of age group 25 to 65 years, increased acceptance of aesthetic procedures and rising adoption of the non-invasive procedures. Moreover, the increasing approvals provided to technologically advanced skin tightening products lead to a market surge. For example, Alma Lasers launched the new Alma PrimeX, designed for skin tightening of the waist, thighs, buttocks, and abdomen, in April 2021.
The demand for non-invasive procedures is increasing to reduce fat and tighten the skin, causing non-surgical skin tightening market boom. During lockdown period, people gained immense wight due to no work out and inactivity. Post-COVID, non-surgical skin tightening procedure has experienced high demand for non-surgical cosmetic procedures and dermatology drugs. According to a study, the healthcare industry in the U.S. has witnessed a 64% rise in virtual consultations on cosmetic procedures post-COVID.
Radiofrequency skin tightening devices have captured a significant share, of 35%, and this category is expected to retain the same position in the coming years. Radiofrequency-based skin tightening therapy helps in reducing wrinkles and fine lines, getting a slim face, contouring body and face, and fighting sun damage, ascribed to its capability of increasing collagen production. Furthermore, it is painless, fast, and replaces the damaged skin resulting in a youthful appearance.
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The age group of 35–65 years has generated non-surgical skin tightening market revenue, amounting to $900 million, ascribed to the massive demand for facial tight procedures among the people belonging to the mentioned age group for enhanced appearance. The total non-surgical cosmetic procedures accounted for 5.4 million in the age group of 40–54 years, as per the Plastic Surgery Statistics Report 2020.
Dermatology clinics capture a significant share, and it is expected to grow at a rate of 8% in the near future, attributed to the presence of various non-surgical skin tightening treatments in these places. Patients are more likely to reach out and enquire about skin problems at specialized dermatology centers instead of hospitals. Therefore, one of the major factors behind the increase in dermatology and cosmetology centers is the variety of skin care services offered by them.
North America captures an extensive non-surgical skin tightening market share, and it is predicted to follow the same trend in the near future. It is attributed to increased adoption of non-surgical cosmetic procedures, rising prevalence of skin disorders, advanced healthcare infrastructure, and presence of skilled and certified cosmetic surgeons in the region, resulting in a market boost.
The major players in the non-surgical skin tightening market are Sisaram Medical Ltd., Cutera Inc., Cynosure LLC, Lumenis Be Ltd., and Merz Pharma GmbH & Co. KGaA. The top manufacturing companies in the market are focusing on product launches to stand out in the competition. For example; the launch of the Clear and Brilliant Touch laser in the U.S. was announced by the Bausch Health Companies Inc. combined with its Solta Medical business in March 2021.
Therefore, the painless and non-invasive treatment facilitated by the non-surgical skin tightening procedures expands the market.