Aesthetic Thread is fastest growing segment fueling the growth of Aesthetic Thread Market

 

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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