Skin Tightening Market Size By Product Type (Ultrasound Skin Tightening, Radio Frequency Skin Tightening, Laser Skin Tightening), By Portability (Portable, Standalone), By End-use (Dermatology Centers, Hospitals, Homecare Settings), Industry Analysis Repo

Skin Tightening Market Size By Product Type (Ultrasound Skin Tightening, Radio Frequency Skin Tightening, Laser Skin Tightening), By Portability (Portable, Standalone), By End-use (Dermatology Centers, Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

The global skin tightening market is gaining traction and it is poised to record substantial gains over the next few years. The market trends are being driven by the increasing consciousness towards skin health and facial appearance among consumers. With a notable uptick in people’s disposable income levels, consumers today are spending excessively on facial aesthetic procedures to have a better and younger looking skin.

Based on the product, the industry is segmented into laser skin tightening, radiofrequency skin tightening, and ultrasound skin tightening. The radiofrequency skin tightening industry size is projected to record a CAGR of more than 12.5% through 2026. The technology offers numerous advantages along with effective results, which is why it is being increasingly preferred by people.

Radiofrequency therapy is a nonsurgical skin tightening technology which heats the deep layer of the skin called the dermis using energy waves. The heat stimulates collagen production, which is the one of the most common protein in the body. This in turn creates the framework of the skin and gives it additional firmness. Numerous research studies have highlighted that the technology is completely safe and effective in the treatment of mild to moderate signs of skin ageing.

The primary benefits of radiofrequency skin tightening include elimination of wrinkles and fine lines. The technology can also be used to fight sun damage on account of its ability to stimulate collagen production. It can also be used in other applications such as face contouring, face slimming, and body contouring.

With the growing adoption of skincare devices in homecare settings, a large number of companies are offering radiofrequency skin tightening devices for home use. The availability of a wide range of low-cost products for home use in the market will positively impact the industry outlook in the near future.

Considering the portability, skin tightening devices can be bifurcated into portable and standalone. The portable segment had captured over 30% revenue share of the skin tightening industry in 2019 and it is slated to grow substantially in the forthcoming years. This growth can be largely attributed to the ongoing advances in portable skin tightening technologies.

Today, skin tightening devices are widely hospitals, dermatology centers, and homecare settings. The skin tightening market size from hospitals was estimated to be worth more than US$150 million in 2019 and will witness notable growth in the future. With the growing popularity of aesthetic procedures, hospitals worldwide are increasingly investing in latest technologies and equipment.

The skin tightening industry in Latin America is expected to grow at a CAGR of over 12.2% up to 2026. The regional trends can be associated with the awareness among consumers regarding their physical appearance. Increased consumer spending on aesthetic procedures will certainly boost the regional demand for skin tightening devices and services.