The global skin tightening market size is expected to grow from USD 486.6 million in 2020 to USD 1,002.5 million by 2026 at a CAGR of 10.3%.
The growing demand for medical visits for cosmetic procedures and the growing consumer demand for skin rejuvenation treatments will boost the market growth. The growing focus of industry leaders on adopting several strategies for making a novel skin-strengthening service will encourage market growth.
Increasing the desire to maintain or achieve a youthful appearance will increase the need for skin-strengthening machines. Awareness of the beauty and goodness of medicine is increasing worldwide, creating the need for skin rejuvenation treatment. Skin tightening is an effective and safe beauty treatment that helps in giving a youthful look to the skin all over the body. Skin rejuvenation treatment for people with skin tone and appearance can be improved by using various skin rejuvenation tools such as laser, radiofrequency, and ultrasound firming machines. The increasing focus on the image of youth due to the growth of styles on social media and the promotion of celebrities will increase the need for skin-strengthening treatments among many people. Similarly, growing awareness programs related to the importance of skin health will drive global market growth.
The recent outbreak of COVID-19 has had a negative impact on the skin tightening market due to the increased risk of catastrophic infections during skin rejuvenation procedures. As the coronavirus has grown in large numbers, the safety of these systems is in doubt. Coronavirus is dispersed as aerosols or disseminated by fomite formulations that increase the risk associated with skin rejuvenation procedures. Therefore, the number of procedures including ultrasound stabilization, radio frequency exposure, and laser skin stabilization was reduced during the COVID-19 explosion. However, in some hospitals and dermatology centers, skin rejuvenation procedures are performed with the help of personal protective equipment (PPE). During the closure, patients are confined to non-essential areas due to mobility problems. In addition, various pharmaceutical companies face trade restrictions, which affect the supply chain, which in turn affects the industry.
The radiofrequency skin-tightening market will witness more than 12.0% growth during the forecast period. Radiofrequency skin-tightening therapy helps to strengthen the skin and remove wrinkles. This treatment is painless, quick, and replaces damaged skin that gives a youthful appearance. Also, radiofrequency therapy helps fight sun damage due to its ability to stimulate collagen production.
The share of dermatology centers in the skin tightening market is expected to show an estimated growth rate of 10.5% by 2026. The use of skin rejuvenation equipment in dermatology centers is slowly increasing due to increased awareness about skin problems among people. Access to affordable skin rejuvenation procedures and the availability of skilled dermatologists will increase the need for skin rejuvenating equipment in dermatologists. In addition, dermatology centers provide easy access to quality care and regulate the use of health care through specialized treatment programs and packages.
The portable segment accounted for about 30% of the market share in 2020. Portable skin tightening devices work on facial skin, body skin and repair broken elastin. This device also improves skin collagen production and strengthens fine lines and wrinkles.
Increasing the focus of a few companies in launching a portable skin tightening device to get better skincare at home will have a positive impact on market size. For example, in May 2020, Aivee Clinic introduced a portable skin rejuvenating and lifting device that can be used at home. Also, portable skin tightening devices are small and can be used anywhere at any time to help maintain skin firmness and skin firming procedures.
The North American skin-tightening market is expected to dominate the market during the forecast period. Growing technological advances improved health care systems, and increased acceptance of small and noninvasive cosmetic surgery will enhance the regional market demand. Also, increasing the involvement of key market players in North America will increase market share. Increasing people's focus on skin rejuvenation treatment that makes the skin smoother and reduces the signs of aging will encourage market advancement.
Some of the major players operating in the skin tightening market are SharpLight Technologies, Project E Beauty, Beijing HONKON Technologies, SVenus Concept, Lynton Lasers, Alma Lasers (Sisram), Cynosure (Hologic), olta Medical (BAUSCH HEALTH COMPANIES), Cutera, and Allergan (Abbvie).