Cosmetic Threads Market

Cosmetic Threads Market Outlook (2023-2033)

Global revenue from the cosmetic threads market stands at US$ 129.9 Mn in 2022, with the worldwide market estimated to surge ahead at a CAGR of 6.3% to reach a valuation of around US$ 255.7 Mn by the end of 2033.

According to Persistence Market Research, barb & cone threads constitutes 59.30% market share within the global market in 2022. The global cosmetic threads market holds around 5.2% share of the global cosmetic implants market, which was valued at 2.5 Bn in 2022.

Sales Analysis of Cosmetic threads from 2015 to 2022 Vs Market Outlook for 2023 to 2033

The global market for cosmetic threads recorded a historic CAGR of 8.4% in the last 7 years from 2015 to 2022.

The COVID-19 pandemic has had a negative impact on the sector, and several medical enterprises' supply chains are halted or at risk of being halted. The COVID-19 epidemic caused a drop in the beauty and personal care (BPC) sector, but the effect was less severe than in other sectors. Despite a decline in consumer discretionary expenditure, the BPC market observed a behavioural change in favour of dependable and safe products. Following the relaxation of lockdowns, plastic surgeons have seen an increase in enquiries for cosmetic operations as people have become more self-conscious has increased use of cosmetic threads.

Due to supply chain interruptions in the first few months of 2020, a year in which the market grew by about 4%, the COVID-19 outbreak had a negative effect on the cosmetic threads industry. However, 2021 appears more promising, and growth will return to around 7% from this point forward. Through 2030, the market in the US is anticipated to grow at a CAGR of almost 8%.

The global market is thus likely to show gradual growth over the coming years with a CAGR value of 6.3%, and reach a global market size of around US$ 255.7 Mn by 2033.

How can the Cosmetic Threads Market Grow?

“Increased Use of 4D Thread Lifting Technology and Rise in Personal Care Product Adoption”

The market for cosmetic threads has producers who work on both a regional and an international scale. The rate of procedure adoption and the introduction of new, cost-effective goods are two major factors influencing the growth of the cosmetic threads market.

The major participants in the cosmetic threads market are concentrating on new product development and launch, mergers, and acquisitions. The important reasons anticipated to drive the growth of the cosmetic threads market in the upcoming years include the accessibility of treatments, the acceptance of minimally invasive procedures, and the ongoing expansion of the aesthetics sector. Furthermore, the development of the 4D thread lifting technology, an affordable treatment that takes less time, the rise in personal care, particularly among the elderly people.

Are There Any Barriers That Can Affect the Growth of the Global Market in Any Way?

“Government Regulation & Complications with Facial Lifting for Cosmetic threads”

There exist stringent government policies for domestic & international product launches as well as several trade-related regulations, which need to be strictly followed and implemented. This regulation is necessary for the product efficacy and safety; however, they are responsible for restricting the market growth.

Not all hazards associated with this noninvasive facial rejuvenation therapy are related to poor and transient results. When subjected to repeated flexion and stress, such as when a foreign object is inserted into the body or is visible in the moving face, even the most stable alloplastic material can fail and degrade, which may have unexpected negative effects that cause significant morbidity and have unfavorable aesthetic effects.

Country-wise Insights

Why is the U.S. Market Booming?

“Increased Procedural Adoption & Cosmetic Rejuvenation in the U.S.”

The U.S. is set to hold over 18% of the global market share in 2023, and similar trend is expected over the forecast period.

A favorable climate for the uptake of cosmetic thread services in the U.S. has been established by increased usage of these services and government attempts to raise public awareness of new technology.

Throughout the projected period, the U.S. is expected to continue to be one of the most profitable markets. As a cutting-edge cosmetic rejuvenation procedure, knowledge of cosmetic threads is gaining popularity in industrialised nations like the United States and Canada. Additionally, the United States continues to be one of the greatest markets for medical device products in the world, making it a lucrative market for companies who make cosmetic threads.

What is the Japan Market Overview?

“Cost effective & Lower Surgery Time in Japan”

Japan market was valued at US$ 2.8 Mn in 2022 and is set to expand at 6.3% CAGR over the forecast duration.

The entire cost of thread lifting is far lower than that of a surgical facelift. Less downtime and cheaper costs are associated with thread lifts. Some surgeons recommend thread lift as a "weekend facelift" or "lunchtime lift."

It can usually be finished in an hour or less. Recently, thread lifts have become popular as a result of the high demand for yet prohibitive cost of facelifts. The cost of these procedures has decreased recently, which has increased the annual number of surgeries.

Additionally, some people do not want to spend a lot of money on these surgical lifting operations or take time off from work. As a result, thread lift operations are gaining popularity quickly in Japan.

Will Canada Gain Advantage from International Trade Agreements?

“NAFTA & TPP will Benefit Canada”

Canada is set to expand at a 6.7% CAGR from 2023-2033, and similar trend is expected over the forecast period.

Exporting medical devices under the terms of international trade agreements, such as the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP), offers many benefits to U.S.-based medical device makers.

For the purpose of reducing taxes and limitations on the trade of medical devices, Canada and other nations have signed the NAFTA agreement. The International Trade Administration (ITA) estimates that NAFTA creates over US$ 20.5 trillion in products and services and 474 trillion associated persons, which is likely to drive the Canadian market for cosmetic threads.

Category-wise Insights

Which Product is Driving Growth of the Global Market?

“Increased Demand for Barb & Cone Threads”

Around 59.3% of the market for cosmetic threads is predicted to go to the barb & cone threads segment, by 2023. The barb & cone threads segment is anticipated to hold a significant market share and experience strong growth over the course of the projected period. This is because there are numerous products with excellent efficacy available.

Barb & cone thread demand has surged in developing nations due to a growing desire to seem young and fit. In addition, technological developments in barb and cone thread features are one of the things that are predicted to increase demand for the segment.

Thus, thread lifts are once again a viable alternative for aesthetic care thanks to new technology, which has enabled practitioners to devise innovative ways to use them both alone and in conjunction with other therapies for cosmetic rejuvenation.

Which Application is Driving Growth of the Global Market?

“Increased Recommendations for Thread Facelift”

Face lift applications are expected to hold a market share of around 66.6% in 2023.

Compared to a standard facelift procedure, a thread lift takes much shorter recovery time. A thread lift requires substantially less anaesthesia and is less intrusive. Thread lifts are non-invasive and low risk procedures. This means there is almost no risk of scarring. Scarring is a common concern for people who have a surgical facelift. The risk of problems is low with thread lifts because they are non-invasive. A general anaesthesia is not required for the surgery. In other words, a patient receiving a thread lift is not at risk of developing side effects from a general anaesthesia.

This process continually rejuvenates the highly explosive tissues of face. Patients who receive a thread lift to encourage collagen will gradually see an improvement in the firmness and tone of their skin.

Which End User Provides Lucrative Traction within the Global Market?

“Rising Need for Cosmetic Threads”

Ambulatory surgical centers are expected to hold a revenue share of more than 39% in the global market, in 2023.

Aesthetic threads are medicated sutures that are typically used during cosmetic procedures. The demand for cosmetic threads at ambulatory surgical centres will continue to expand as more patients seek for minimally invasive and one-day advanced procedures. Patient flow is increasing as a result of improved patient outcomes and quality.

Additionally, beneficial changes in reimbursement methods and extensive healthcare coverage are predicted to enhance the market for cosmetic threads.

Competitive Landscape

Some of the key trends observed in the market include the launch of novel products, as well as the establishment of strong distribution channels. Moreover, marketing strategies to introduce products within previously untapped areas also provides propulsion towards expansion of business activities for the major market players.

Some key instances of development within the market include:

• On March 3, 2020, Chinese business Huadong Medicine Limited announced that Silhouette Instalift®, a revolutionary non-surgical technique that raises and repositions facial tissue, has received approval from Health Canada. Huadong Medicine Limited is the sole owner of Sinclair Pharma Limited, a multinational aesthetics company with its headquarters in London. With this authorization, the company makes its debut on the Canadian market, displaying its rapid growth and position as an industry leader.
• Suneva Medical, Inc. announced an exciting new alliance on May 1, 2020, to strengthen its position as the industry leader in regenerative aesthetics. The sole North American distributor for Sinclair Pharma's ground-breaking Silhouette Instalift sutures will expand Suneva Medical's aesthetic line in order to satisfy growing consumer demand for all-natural and minimally invasive aesthetic options. The goal of the acquisition is to increase the company's selection of eco-friendly cosmetic threads.
• Croma Pharma introduced new Anchor + PDO threads with increased thread integrity and more cogs in December 2021. These threads are stronger and more lasting and can be utilised for lifting of skin in the facial regions.

Similarly, the team at Persistence Market Research has tracked recent developments related to companies in the cosmetic threads market, which are available in the full report.

Cosmetic Threads Market Scope

Key Segments Covered in Cosmetic Threads Industry Research

By Product:

• Barb & Corn threads
• Screw threads
• Smooth threads

By Application:

• Face lift
• Breast lift
• Others

By End User:

• Hospitals
• Cosmetic clinics
• Surgical centres

By Region:

• North America
• Latin America
• Australia
• South Asia
• East Asia
• Oceania
• Middle East & Africa (MEA)

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