Market Overview:
The global 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 thread are thin surgical threads made of synthetic biodegradable materials like polydioxanone (PDO), polycaprolactone (PCL), and other absorbable materials. They are used for lifting, rejuvenating and contouring facial structures like cheeks, chin, mouth and eyebrows through minimally invasive techniques.
Market key trends:
The rising demand for minimally invasive facial aesthetic procedures globally is the major factor driving the growth of the aesthetic thread market. According to the American Society of Plastic Surgeons, the number of minimally invasive facial aesthetic procedures grew exponentially in the last decade. Other factors propelling the market growth include growing geriatric population opting for anti-aging procedures and rising disposable income levels.
SWOT Analysis
Strength: Aesthetic thread market offers minimally invasive and cost-effective procedure for face lifting and skin tightening. It has shorter recovery time compared to conventional cosmetic surgery.
Weakness: Improper placement of threads during the procedure can lead to issues such as infection, swelling, skin irregularities. Lack of skilled professionals for thread lifting pose procedural challenges.
Opportunity: Increasing social media influence and growing desire for aesthetic beauty are boosting demand for non-surgical procedures. Emergence of hybrid procedures combining threads and fillers offers new growth prospects.
Threats: Strong competition from other non-surgical treatments and expanding injectables market. Stringent regulatory landscape and social stigma associated with cosmetic procedures pose threats.
Key Takeaways
The Global Aesthetic Thread Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing trend of non-surgical aesthetic procedures among millennials and working professionals. North America currently dominates the global market due to superior aesthetics awareness and availability of advanced treatment options for face and body lifting. Asia Pacific is anticipated to be the fastest growing market stimulated by growing medical tourism in countries such as Thailand, South Korea and China.
Regional analysis:
The Asia Pacific region is projected to showcase lucrative growth opportunities during the forecast period. This can be attributed to growing medical tourism industry and rapidly improving healthcare infrastructure in countries such as Thailand, South Korea and China. These countries are becoming top destinations for cost-effective cosmetic surgeries and procedures. Furthermore, rising beauty consciousness among middle class population will further augment the demand.
Key players:
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 expansion of product portfolio and geographical presence through collaborations with local distribution partners.