|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The aesthetic threads market was valued at USD 107.82 million in 2020, and it is expected to grow with a CAGR of 7.8% over the forecast period.
COVID-19 has brought several adverse impacts to the industry, and there are several medical companies whose supply chains from other regions are on hold or at risk of being held up. The beauty and personal care (BPC) industry have witnessed a decline during the COVID-19 pandemic, but the impact is not as severe as seen in other industries. Despite the fact that consumer discretionary spending has decreased, the BPC market has seen a behavioral shift toward safe and reliable products. Plastic surgeons have received a surge in inquiries for cosmetic procedures since the coronavirus lockdown was lifted, with workers desire to look good on Zoom calls. Zoom-Face Envy has seen an increasing trend because many people are now confronting the reality of what they actually look like and compare themselves with others as they sit for business work through teleconference or virtual catch-up. Also, according to the research article published in Journal for Facial Plastic Surgery and Aesthetic Medicine, 2020, the facial plastic surgeons from the European Academy of Facial Plastic Surgery collaborated to provide recommendations for resuming a safe facial plastic surgery practice, which includes encouraging telemedicine, advice on surgical prioritization, and guidelines for pre and postoperative care, which would apply to facial plastic surgeons across the globe to aid in following safe practice.
The growth of the aesthetic threads market can be attributed to the increasing use of minimally invasive treatments for anti-aging, face lifting, and face rejuvenation. For instance, as per the International Society of Aesthetic Plastic Surgery 2020 report, 419,046 facelift procedures were performed globally.
Presently, many cosmetic practices are being advertised as having minimal recovery and maximal convenience for patients. The thread lift procedure has been popularized for brow-, midface, jowl, and neck-lifting, and it is credited with the above-mentioned advantages. Moreover, these procedures are less time-consuming and are called 'lunchtime facelifts' in certain countries, as they can be done in between lunchtime for busy office professionals. These factors make such procedures highly valuable, as they provide good effects in less time, attracting several consumers across the world, thus driving the market.
However, the increasing trend of populations between the age group of 45-65 years is also expected to drive the market as the aging phenomenon affects the human face by provoking an array of microscopic and macroscopic complex volumetric changes. According to the World Ageing Population report, 2020, around 727 million persons aged 65 years or over were there in 2020, and this is expected to increase from 9.3% in 2020 to approximately 16% in 2050.
Moreover, the presence of unregistered practitioners, the high cost of procedures, and uncertain and short-term results are restraining the growth of the market. Many health authorities have investigated the cases of people being injected with illegally imported cosmetic products by unqualified doctors in residential premises and hotel rooms.
Scope of the Report
As per the scope of the report, aesthetic threads are medical sutures that are injected using a needle underneath the skin to lift and rejuvenate the skin. Suspension threads are a variety of long cosmetic threads that have cones or barbs, which pull backward on sagging skin when injected with a needle into the target area on the face. Rejuvenation threads have less of a lifting mechanism, but they stimulate natural collagen production when injected underneath the skin. The aesthetic threads market is segmented by product type (suspension thread and rejuvenating thread), application (facelift/skin rejuvenation, and ptosis), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the market size and forecasts in value (USD million) for the above segments.
|By Product Type|
Key Market Trends
The Facelift/Skin Rejuvenation Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period
A thread facelift procedure involves the use of temporary sutures to result in a fine but significant lift in the skin. In this procedure, the cosmetic surgeon removes the loose skin by stitching up portions of it, which avoids the removal of the patient's loose facial skin surgically.
Unlike a traditional surgical facelift, the thread lift does not involve incisions or deep-tissue manipulation. It is a much easier process for the patient, which involves getting filler-like substances as opposed to getting a facelift surgery. The major benefit of opting for a thread lift rather than a facelift among most patients is that this procedure reduces the recovery time associated with facelifts.
This procedure is also gaining popularity as compared to surgical procedures due to the increasing demand for non-surgical procedures around the world. For instance, according to the National Plastic Surgery Statistics 2020 by the American Society of Plastic Surgeons, 2,314720 and 2,678,302 cosmetic surgical procedures were performed in the United States in 2020 and 2019, respectively. Additionally, the total number of reconstructive procedures performed in 2020 and 2019 were 6,878,486 and 6,652,591, respectively, in the United States.
Market players are launching several products which will drive the segmental growth. For instance, in June 2020, JÓLI360, a skin rejuvenation product was launched which can measure hydration, elasticity, and sebum while leveraging IoT technology. This trend is also expected to rise in the future, which may boost the thread facelift market.
Additionally, the COVID-19 pandemic has significantly affected aesthetic treatments such as the facelift procedures market as the cosmetics industry relies on close physical contact with its clients, negativelt affecting the market. However, post-lockdown and in the forthcoming years, it is expected that facelift procedures will experience a rapid surge as many planned and fixed appointments in early 2020 for facelift procedures were halted due to the untimely and sudden lockdown restrictions globally.
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North America Captured the Largest Market Share, and it is Expected to Retain its Dominance in the Future
North America dominated the overall aesthetic threads market, with the United States accounting for as the major contributor to the same. Only a few years old, thread lift is one of the fastest-growing cosmetic procedures in the United States, and it has received a lot of significance for the past many years, which may boost the aesthetic threads market in the coming years.
Moreover, the United States is one of the largest markets for minimally invasive aesthetic procedures in the world. According to the International Society of Aesthetic Plastic Surgery 2020 report, around 1,392,083 procedures of facial rejuvenation were performed in 2020 in the United States.
There is a wide variety of indications that can be targeted by cosmetic threads, and the potential patient pool for cosmetic threads is enormous. However, the aesthetic threads market is yet to reach its full potential in North America, and it is expected to grow at a robust growth rate during the forecast period.
Additionally, the Asia-Pacific region is found to be the fastest-growing region in the aesthetic threads market due to the increasing adoption of aesthetic procedures and an aging population. According to the International Society of Aesthetic Plastic Surgery 2020 report, around 70,416 procedures of facial rejuvenation and 3,936 facelift procedures were performed in 2019 in India.
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The market studied is highly fragmented, with the majority of manufacturing operations taking place in the North American countries. The key players in the market studied include Aptos International Ltd, Croma Pharma GmbH, Sinclair Pharma, River Aesthetics, Spring Thread, and 1stSURGICONCEPT. The industry is witnessing a series of acquisitions and mergers. For instance, In May 2019, the French manufacturer 1st SurgiConcept had launched Spring Thread in the United Kingdom for the treatment of face and body ptosis. In September 2018, Croma-Pharma GmbH, an Austrian family-owned company launched its HA filler and PDO thread products in the United States.
- In October 2020, the Italian pharmaceutical company, Menarini Group, launched Definisse threads, fillers, and peels by ReLife in the United Kingdom. Definisse Threads use a mixture of polylactic acid/caprolactone and have bidirectional and convergent barbs, aiming to stimulate the body’s fibroblasts to synthesize the extracellular matrix and collagen in the skin.
- In March 2020, Sinclair Pharma launched Silhouette InstaLift in Canada after receiving approval from Health Canada. By utilizing advanced micro-suspension technology, InstaLift provides an immediate lift while stimulating the body's natural collagen production to boost volume over time, with results lasting for up to two years.
Table of Contents
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Preference for Minimally-invasive Surgeries
4.2.2 Less Time-consuming Procedures
4.3 Market Restraints
4.3.1 High Cost of Treatments
4.3.2 Uncertain Results
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Product Type
5.1.1 Suspension Thread
5.1.2 Rejuvenating Thread
5.2 By Application
5.2.1 Facelift/Skin Rejuvenation
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
5.3.5 South America
184.108.40.206 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Aesthetic Experts Lab
6.1.2 Aptos International Ltd
6.1.3 Croma Pharma GmbH
6.1.4 Healux Corporation
6.1.5 Menarini Group
6.1.6 Metro Korea Co. Ltd
6.1.7 N-Finders Co. Ltd
6.1.8 Medical Aesthetic Group
6.1.9 Sinclair Pharma PLC
6.1.10 Spring Thread (1st SurgiConcept)
6.1.11 V Soft Lift AB
6.1.12 Modern Aesthetics
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Aesthetic Threads Market market is studied from 2019 - 2027.
What is the growth rate of Global Aesthetic Threads Market?
The Global Aesthetic Threads Market is growing at a CAGR of 7.8% over the next 5 years.
Which region has highest growth rate in Global Aesthetic Threads Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Aesthetic Threads Market?
North America holds highest share in 2021.
Who are the key players in Global Aesthetic Threads Market?
Aptos International Ltd, Metro Korea Co. Ltd, Croma-Pharma GmbH, Medical Aesthetic Group, Sinclair Pharma are the major companies operating in Global Aesthetic Threads Market.