As per the analysis by Market Research Future (MRFR), the global skin tightening market is estimated to acquire market value of USD 6,340.99 million, expanding at a CAGR of 6.2% during the review period from 2019 to 2025. The skin tightening market 2020 is predicted to expand owing to the advancement in the field of cosmetics and aesthetics surgeries. The increased adoption of invasive and non-invasive aesthetic procedures are expected to strengthen the market during the forecast period. In addition, the availability of technologically developed & user-friendly products are other significant factors developing the market. On the other hand, the health risk involved owing to the radiation emitted from skin tightening equipment is likely to restrict the market growth. Nonetheless, increasing geriatric population and public awareness about cosmetic procedures are projected to combat inhibiting causes, which can boost the market during the evaluation period.
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The segment analysis of the global skin tightening market is done by the application, end-user, type, and portability. The application-based segments of the global skin tightening market are face lifting, reduce wrinkles, anti-aging, and others. The anti-aging segment is estimated to dominate the market due to the increasing inclination towards the youthful appearance.
The end-user based segments of the global skin tightening market are speciality center, hospitals & clinics, and others.The specialty center segment is likely to dominate and procure a significant market share.
The type-based segments of the global skin tightening market are radiofrequency skin tightening, ultrasound skin tightening, laser skin tightening, and others. The radiofrequency segment is estimated to acquire the largest market share owing to efficient results.
The portability-based segments of the global skin tightening market are portable and stand-alone. The stand-alone market is estimated to acquire the largest market share due to its growing application in the medical devices industry.
Based on the region, the global skin tightening market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East & Africa. As per the analysis, the Americas is predicted to acquire the largest market share due to the increasing per capita healthcare expenditure. Further, the adoption of latest technologies is estimated to be other significant factor driving the regional market. The US is projected to dominate the regional market during the review period owing to the fast adoption of latest technologies.
Europe is anticipated to show a considerable amount of growth during the evaluation period owing to the presence of a strong aesthetic healthcare system. Further, the involvement of key companies and the growing awareness of skincare is expected to drive the regional market. Germany is expected to acquire the largest market share, followed by Italy.
The APAC region is predicted to show steady growth with a healthy CAGR during the review period owing to the increased consumer population and growing initiatives taken by the government for strengthening the aesthetics of healthcare reforms. China and India are likely to make the most significant contribution during the review period.
The MEA region is likely to procure the least market share due to the presence of poor economies and low per capita income. However, the region is anticipated to witness better opportunities in the forthcoming period, which can propel the regional market.
Some of the renowned organizations in the global skin tightening market are Solta Medical (US), ALLERGAN (US), Venus Concept (Canada), INMODE (US), SmarterSkin Dermatology (US), Fotona d.o.o. (Slovenia), Lynton Lasers (UK), EINS MED Co., Ltd (South Korea), BTL (US), ENDYMED MEDICAL (US), and Alma Lasers (Israel).
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