July 24, 2024

Aesthetic Thread Market Is Estimated To Witness High Growth Owing To Increasing Demand for Minimally Invasive Procedures and Rising Beauty Consciousness

The Aesthetic Thread market is estimated to be valued at US$121.4 Mn in 2022 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The Aesthetic Thread market encompasses various aesthetic threads, which are used in minimally invasive procedures for facial rejuvenation and tightening. These threads are inserted under the skin to lift and support sagging facial tissue, resulting in smoother and more youthful-looking skin. Aesthetic threads provide a non-surgical alternative to facelifts, attracting individuals seeking quick and effective rejuvenation treatments. The increasing demand for minimally invasive procedures and rising beauty consciousness among both men and women are driving the growth of the Aesthetic Thread market.

Market Dynamics:

The Aesthetic Thread market is driven by two key factors. Firstly, the growing demand for minimally invasive procedures is fueling the adoption of aesthetic threads as they offer a less invasive alternative to surgical facelifts. The rising preference for non-surgical procedures, reduced downtime, and immediate results contribute to the increasing popularity of aesthetic threads among consumers. Secondly, the increasing beauty consciousness and desire for youthful appearance among individuals are driving the demand for aesthetic thread procedures. The ability of aesthetic threads to address common signs of aging, such as sagging skin and wrinkles, further propels their market growth. The market is expected to witness significant opportunities for expansion in the forecast period, with advancements in thread technology and increasing awareness about aesthetic thread procedures among consumers.

Segment Analysis:

The aesthetic thread market can be segmented based on product type, material type, application, and end-user. Among these segments, the product type segment is dominating the market. Aesthetic threads are available in various types such as monofilament threads, barbed threads, and twisted threads. Barbed threads are the dominating sub-segment in the product type category. Barbed threads are preferred by customers due to their ability to provide a higher lift and support compared to other thread types. These threads have tiny barbs or cogs along their length, which helps in anchoring the thread and providing a better lifting effect. The barbed threads segment is expected to dominate the market due to the growing demand for non-surgical facelift procedures and the increasing preference for minimally invasive treatments.

PEST Analysis:

  • Political: The political factors influencing the aesthetic thread market include regulatory policies, government initiatives, and healthcare reforms. Government regulations regarding the safety and effectiveness of aesthetic thread products are expected to impact market growth.
  • Economic: Economic factors such as disposable income, healthcare expenditure, and overall economic growth play a significant role in the market. Increasing disposable income and a rise in healthcare spending are expected to drive market growth.
  • Social: Changing consumer preferences towards aesthetic procedures and the desire for a youthful appearance are the key social factors influencing the market. The increasing acceptance of non-surgical procedures and the growing demand for aesthetic treatments contribute to market growth.
  • Technological: Technological advancements in aesthetic thread products, such as the development of biodegradable threads and novel manufacturing techniques, are driving market growth. The use of advanced materials and innovative thread designs are also contributing to the market expansion.

Key Takeaways:

The Global Aesthetic Thread Market Size is expected to witness high growth, exhibiting a CAGR of 6.6% over the forecast period. This growth can be attributed to factors such as the increasing demand for non-surgical facelift procedures, advancements in thread technology, and the growing preference for minimally invasive treatments.

In terms of regional analysis, North America is the fastest-growing and dominating region in the aesthetic thread market. The presence of a well-established healthcare infrastructure, increasing consumer awareness about aesthetic procedures, and higher disposable incomes contribute to the market growth in this region.

Key players operating in the aesthetic thread market include 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. These key players focus on product development, strategic collaborations, mergers and acquisitions, and geographical expansion to strengthen their market position.

*Note:
1.  Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it