Aesthetic Thread is fastest growing segment fueling the growth of Aesthetic Thread Market
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| Aesthetic Thread Market |
Market Overview:
The Aesthetic Thread Market is
estimated to be valued at US$ 129.5 Mn in 2023 and is expected to exhibit a
CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new
report published by Coherent Market Insights.
Aesthetic threads are gaining
popularity due to their efficacy and minimal downtime compared to conventional
invasive procedures like surgical facelifts that require considerable recovery
time.
Aesthetic threads are used for
lifting and rejuvenating facial structures like eyebrows, cheeks and lips
through minimally invasive procedures like barbed sutures and smooth threads
insertion. They offer a natural lifting effect and reduce signs of facial aging
like wrinkles, folds and sagging skin. The minimally invasive procedures
associated with aesthetic threads help achieve youthful look without extensive
surgical cuts or complicated recovery processes.
Market key trends:
One of the major trends driving
the aesthetic thread market is growing social media influence and rising demand
for aesthetic procedures among millennials and generation Z consumers. The
growing popularity of beauty influencers and focus on appearance on social
media platforms is creating greater awareness and demand for minimally invasive
aesthetic treatments like thread lifting. Additionally, easier availability of
these threads through dermatology and cosmetic clinics is also supporting the
market growth.
Porter’s Analysis
Threat of new entrants: Low
capital required to enter the aesthetic thread market may encourage new players
to enter the market. However, the threat is moderate as established companies
have strong brand images and supply chain networks.
Bargaining power of buyers:
Buyers have moderate bargaining power due to availability of substitutes.
However, customized aesthetic procedures attract buyers to known brands.
Bargaining power of suppliers:
Suppliers have low to moderate bargaining power as raw materials required are
commodity chemicals available from multiple suppliers.
Threat of new substitutes:
Fillers, neurotoxins are alternative non-surgical options. However, threads
offer semi-permanent, natural looking results attracting users.
Competitive rivalry: Intense as
key players compete based on technological advancements, quality, and branding.
SWOT Analysis
Strengths: Customizable,
semi-permanent, and minimally invasive procedures. Strong brand portfolio and
supply chain of major players.
Weaknesses: High dependency on
skilled professionals. Post procedure side effects and allergic reactions in
some cases.
Opportunities: Untapped demand
from medical aesthetic clinics and hospitals in developing regions. New product
launches catering specialty applications.
Threats: Stringent regulations.
Preference for non-surgical procedures by certain consumers.
Key Takeaways
The Global
Aesthetic Thread Market Size is expected to surpass US$ 200 Mn by 2030,
expanding at a CAGR of 6.6% over the forecast period. The growth is attributed
to rising consumer spending on cosmetic procedures and growing medical tourism
industry.
The Asia Pacific region dominates
the global market and is anticipated to witness the fastest growth during the
forecast period. Presence of leading medical aesthetic device manufacturers and
availability of skilled professionals at affordable costs drives the APAC
aesthetic thread market.
Key players operating in the
aesthetic thread market are Menarini Group, N-Finders Co. Ltd., 1st
SurgiConcept, River Aesthetics, Aesthetic Experts Lab, Metro Korea Co. Ltd.,
Healux Corporation, Croma Pharma GmbH, Aptos International Ltd., and Sinclair
Pharma (Huadong Medicine CO., LTD.), among others. Major players are focusing
on new product launches, regional expansions and partnerships with medical
clinics to strengthen their market position.
Get More Insights Here
https://www.newswirestats.com/aesthetic-thread-market-size-share-growth-outlook-2023/
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