Cosmetic Threads Market 2022
The Cosmetic Threads Market is bound to grow vigorously in the next 10 years. IoT has already made a beeline to the healthcare vertical. This has, in turn, enabled tracking of real-time locations of the apparatus and medical devices like scales, wheelchairs, defibrillators, or nebulizers along with remote monitoring. The entire healthcare vertical is expected to run on the IoT wave going forward.
Cosmetic threads are used for gently lifting sagging facial skin to obtain a smoother and more youthful experience. This treatment is less invasive and can minimize sagging more easily and with less risk than traditional methods. Thread lifts have recently emerged because many people want facelifts, but find these too expensive. Competition among manufacturers has increased with rising availability of various brands. They provide a broad portfolio of cosmetic threads and combine the right products with technical support and continual innovation.
Moreover, popularity of non-surgical techniques and new innovative methods of treatment, such as 4d thread lifting, is expected to increase demand for cosmetic threads. Increasing investments by companies for advanced product development are also expected to create growth opportunities in the near.
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According to the latest report published by Persistence Market Research, the globalÂ cosmetic threads marketÂ was valued atÂ US$Â 114Â MnÂ inÂ 2020, and is expected to witness aÂ CAGR of aroundÂ 7%Â during the forecast period (2020 â€“ 2030).
Sinclair Pharma Plc.
Hansbiomed Co. Ltd.
Metro Korea Co., Ltd.
Aptos International Ltd.
Les Encres Cosmetic Threads
Aesthetic Experts Labs Ltd
N-Finders Co., Ltd
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Â Key Takeaways from Cosmetic Threads Market StudyÂ Â
The barb & cone threads segment is expected to hold significant revenue share of aroundÂ 60%Â in the cosmetic threads market.
Face lift is the most attractive application with the highest share, followed by breast lift.
In terms of regional growth, Europe and Latin America are manufacturing hubs for cosmetic threads, and are anticipated to witness rapid growth over the coming years.
TheÂ COVID-19Â outbreak has had a negative impact on the cosmetic threads market, attributed to supply chain disruptions in the initial months ofÂ 2020, a year that saw the market grow at aroundÂ 4%. However,Â 2021Â looks brighter, and growth will be back to close toÂ 7%Â here onwards.
AroundÂ 40%Â of these procedures are performed at ambulatory surgical centers around the world.
The market in the U.S. is projected to expand at a CAGR of close toÂ 8%Â throughÂ 2030.
The cosmetic threads market in Germany is expected to progress at a CAGR of aroundÂ 7.5%.
â€œGrowing popularity of combined treatment therapy along with increasing demand for minimally-invasive methodsÂ will boost the global cosmetic threads market,â€Â says a Persistence Market Research analyst.
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Collaboration & Acquisitions â€“ Key Strategies amongst Market Players
Companies operating in the cosmetic threads market are focusing on different strategies to develop new products and expand their distribution networks. For instance, on MarchÂ 3,Â 2020, Sinclair Pharma Limited, a global aesthetics company headquartered inÂ LondonÂ and wholly owned by Huadong Medicine Limited, announced that Health Canada approved Silhouette InstaLiftÂ®, an advanced non-surgical treatment that elevates and repositions facial tissue.
Various players in the cosmetic threads market are focusing on growth strategies such as expansion, collaboration, and agreement licence. On MayÂ 1,Â 2020, Suneva Medical, Inc. announced an exciting new alliance to further its leadership position in regenerative aesthetics. Suneva Medicalâ€™s aesthetic range will be extended by the exclusive North American distributor for Sinclair Pharmaâ€™s groundbreaking Silhouette Instalift sutures to meet rising consumer demand for natural and minimally-invasive aesthetic alternatives. The acquisition is aimed to strengthen its portfolio of sustainable cosmetic threads.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the cosmetic threads in its latest study, presenting historical demand assessment ofÂ 2015 â€“ 2019Â and projections forÂ 2020 â€“ 2030, on the basis of product (barb & cone threads, screw threads, and smooth threads), application (face lift, breast lift, and others), and end user (hospitals, ambulatory surgical centers, and specialty clinics), across seven key regions of the world.
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