Global Cosmetic Thread Market is expected to grow at a CAGR of 8.17% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Cosmetic Thread Market by Product (Barb & Cone Threads, Screw Threads, Smooth Threads), Application (Hospitals, Clinics, Cosmetic Centres), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global Cosmetic Thread market is expected to grow from USD 96.26 Million in 2019 to USD 187.82 Million by 2027, at a CAGR of 8.17% during the forecast period 2020-2027.
The cosmetic threads are specific threads used in cosmetic surgeries for lifting the sagged skin and obtaining a smoother & younger-looking complexion. The procedure is marginally invasive and is used these days as an alternative for the surgical procedures. Most of the population in the age group of 30–60 are qualified for the thread lifting procedure. Generally utilized constituents in the manufacturing of cosmetic threads include PLA (polylactic acid), PDO (Polydioxanone) and caprolactone threads.
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Economical treatment, acceptance of minimally invasive methods along with constant growth in the aesthetic industry are factors expected to support the growth of the cosmetic threads market over the forecast period. Some of the tendencies in the cosmetic threads market include the escalation in personal care, introduction of new technologies and new 4D thread lifting technique. Affordability with lesser time requirement, rising geriatric population and increase in the use in the combination treatment approach are some of the main factors driving the growth of the cosmetic threads market. However, governmental regulations, related risks and complications, lack of skilled professionals as well as demand of other non-surgical methods are anticipated to restrict the growth of the cosmetic threads market.
The Cosmetic threads is classified into by product, application and region. Product can be divide into barb & cone threads, screw threads and smooth threads. Barb & cone thread is expected to hold the highest market share of around 46.55% in 2017. Maximum use of Cones or barbs are present along the threads to anchor the sagging tissues under the skin. Each thread is inserted under the skin at precise points using a fine needle. Application is divide into hospitals, clinics and cosmetic centres. Hospital is expected to lead the Cosmetic threads market for the forecast year and having the market share of around 58.69% in 2019. Due to patients receiving the best advice and guidance with their surgical procedures from the best Cosmetic Surgeons in the world. In region APAC is expected to grow at a highest rate during the forecast year. The main reason of growing Cosmetic threads market in APAC is rising awareness about cosmetic threads and related advantages.
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The major companies for global cosmetic thread market are Sinclair Pharma, Aptos International LTD, Healux Corporation and Hans Biomed Corp. Sinclair Pharma held the largest market share of 27.24% in 2019. For instance, in November 2019, Sinclair Pharma acquired the company (Huadong Medicine Co Ltd) by Huadong Medicine Co., Ltd. This acquisition provided Sinclair Pharma with resources and opportunities to expand its U.S. aesthetic product portfolio.
About the report:
The global Cosmetic Thread market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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