APAC Skin Tightening Market size is predicted to cross USD 280 million by 2027, according to a latest forecast report by Graphical Research.
It is observed that healthcare expenditure is increasing across the region with the rising population of people with skin diseases. The growing per capita healthcare spending is one of the major macroeconomic factors that enable the target population to opt for cosmetic procedures. Furthermore, growing concern about aesthetic appearance has surged the number of government initiatives in the field of skin diseases. Besides this, emerging countries such as India and China are striving to improve healthcare infrastructure. The central government in China announced a series of healthcare reforms to establish a universal healthcare system that can provide convenient, effective, low cost and safe healthcare services to the people in China.
The hospitals segment held around 35% APAC skin tightening market share in 2020. There has been a rise in the number of hospitals that strive to provide comprehensive treatment options for various skin disorders generating a huge demand for aesthetic devices. In order to cater to the increasing demand for non-invasive procedures a large number of hospitals are entering the market. Moreover, an advanced and developed public healthcare system further ensures accessibility towards superior quality skin tightening devices.
The radiofrequency skin tightening segment accounted for around USD 27 million revenue in 2020, as radiofrequency skin tightening treatment aids in getting tighter skin and removes wrinkles. This procedure changes the damaged skin by providing a youthful appearance and is harmless and quick. Similarly, the radiofrequency procedures fight against sun impairment due to their capability to stimulate the production of collagen.
Browse detailed statistical insights from the report, “Asia Pacific Skin Tightening Market Size By End-use (Dermatology Centers, Hospitals, Homecare Settings), By Product Type (Ultrasound Skin Tightening, Radio Frequency Skin Tightening, Laser Skin Tightening), By Portability (Portable, Standalone), Research Report, Country Outlook (Japan, China, India, Australia, South Korea, Thailand, Malaysia, Taiwan, Indonesia), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @
The standalone segment is estimated to expand at over 14% CAGR between 2021 and 2027. Presently, most of the aesthetic devices available in the market are standalone devices. Standalone devices are designed to treat a different range of skin conditions, with a single wavelength that surges its adoption rate. Moreover, integrated functionalities, as well as low downtime in these devices, accelerates the segmental progression. Various standalone equipment has a feature to check the temperature of the skin during usage that surges its preference and adoption among people.
India skin tightening market is anticipated to experience around 16% CAGR through 2027. Availability of refined and better healthcare facilities in hospitals and dermatology centers has amended accurate diagnosis as well as treatment of skin diseases that will prove advantageous for market expansion. Furthermore, increasing healthcare expenditure and growing awareness coupled with government initiatives are expected to drive the industry growth.
Some of the renowned industry players are Alma Lasers (Sisram), Lynton Lasers, Allergan, Cutera, Project E Beauty, Beijing HONKON Technologies, Venus Concept, Cynosure (Hologic), Solta Medical, and others. These market participants have commenced numerous developmental strategies for maintaining a robust foothold in the market. For instance, Venus Concept Ltd introduced Advanced Connectivity Module revenue share program in August 2018. This platform was powered by Venus concept technology that offers different aesthetic consultants to gain access to the newest technology.
The APAC skin tightening market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Product Type, 2016-2027
- Ultrasound skin tightening
- Radiofrequency skin tightening
- Laser skin tightening
Asia Pacific Market, By Portability
Asia Pacific Market, By End-use
- Dermatology centers
- Homecare settings
The above information has been provided for the following countries:
- Asia Pacific
- South Korea