by The global Aesthetic Thread Market is estimated to be valued at US$ 121.4 Mn in 2023 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:
Aesthetic threads are non-surgical procedures used for facial and body rejuvenation. These threads are inserted under the skin to lift and tighten sagging skin, reducing the appearance of wrinkles and fine lines. The major advantage of aesthetic threads is their ability to provide long-lasting results without the need for traditional surgery. Additionally, the growing demand for non-invasive cosmetic procedures and the increasing preference for minimally invasive treatments are driving the market growth. Aesthetic threads offer various benefits such as minimal downtime, immediate results, and fewer risks compared to surgical procedures. The need for products associated with the aesthetic thread market is primarily driven by the desire for a youthful appearance and the increasing focus on physical appearance among individuals.
Market Key Trends:
One key trend in the aesthetic thread market is the rising adoption of absorbable threads. Absorbable threads are gaining popularity due to their shorter recovery time and reduced risk of complications. These threads are made from bioabsorbable materials such as polylactic acid (PLA) or polydioxanone (PDO). They are broken down by the body over time, eliminating the need for thread removal procedures. The increasing availability of absorbable threads in the market and advancements in their design and functionalities are expected to further drive their adoption. Moreover, these threads provide natural-looking results with minimal scarring, making them a preferred choice among patients. The market for absorbable threads is expected to witness significant growth during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the aesthetic thread market is moderate. While there are no significant barriers to entry, established players already hold a considerable market share and have established distribution networks and brand recognition. New entrants would need to invest in research and development to ensure product efficacy and safety to compete effectively with existing players.
Bargaining power of buyers: The bargaining power of buyers in the aesthetic thread market is moderate. Buyers, such as cosmetic clinics and hospitals, have access to alternative suppliers and can compare prices and products. However, the reliance on quality and safety standards restricts the buyer’s power, as they prioritize working with trusted and reputable suppliers.
Bargaining power of suppliers: The bargaining power of suppliers in the aesthetic thread market is low. Suppliers of raw materials and equipment do not have significant control due to the availability of multiple suppliers and alternatives. Additionally, these suppliers are also dependent on manufacturers, which further reduces their bargaining power.
Threat of new substitutes: The threat of new substitutes in the aesthetic thread market is low. Aesthetic threads offer unique advantages such as non-invasiveness, ease of use, and minimal downtime compared to alternatives like surgical facelifts. As a result, the demand for aesthetic threads is expected to remain strong despite the availability of substitutes.
Competitive rivalry: The competitive rivalry in the aesthetic thread market is high. There are several key players operating in the market, each striving to gain a larger market share. These players engage in intense marketing campaigns, product innovations, and strategic collaborations to differentiate themselves and maintain a competitive edge.
Key Takeaways
The Global Aesthetic Thread Market Demand is expected to witness high growth, exhibiting a CAGR Of 6.6% over the forecast period. This growth can be attributed to the increasing demand for minimally invasive cosmetic procedures and the rising aging population worldwide. Aesthetic threads provide a non-surgical alternative to traditional facelift surgeries, driving their adoption among consumers.
In terms of regional analysis, North America is anticipated to be the fastest-growing and dominating region in the aesthetic thread market. The high demand for cosmetic procedures, advancements in medical technology, and the presence of key market players contribute to the region’s growth. Additionally, the increasing inclination towards non-invasive treatments and the rising awareness about aesthetics further support 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 partnerships, and geographical expansions to strengthen their market presence and gain a competitive advantage.
In conclusion, the aesthetic thread market is expected to witness significant growth globally. Factors such as the increasing demand for minimally invasive cosmetic procedures, a growing aging population, and advancements in medical technology drive market growth. North America is projected to be the fastest-growing region, with key players continuously innovating and expanding their product portfolios to meet consumer demand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
