AESTHETIC THREAD MARKET ANALYSIS

The global aesthetic thread market was valued at US$ 121.4 Mn in 2022 and is forecast to reach a value of US$ 203.0 Mn by 2030 at a CAGR of 6.6% between 2023 and 2030. The global aesthetic thread market is experiencing strong growth owing to the increasing demand for facelifts and blepharoplasty and growing geriatric (aging) population. Moreover, high demand for aesthetic threads and increasing demand for aesthetic treatments around the world is expected to propel the growth of the market. However, factors such as high cost of the treatment and uncertain results of the procedure are expected to hamper growth of the global aesthetic thread market.

Global Aesthetic Thread Market: Regional Insights

Based on geography, the global aesthetic thread market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the increasing demand for aesthetic treatments, growing geriatric population, and increasing number of non-invasive cosmetic procedures in this region. For instance, according to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), the demand for facelifts in 2022 is significantly higher than in previous years (2021), and 83% of surgeons saw an increase in bookings over the last year (up by 70% from 2020). This in turn is driving the growth of the aesthetic thread market in this region.

Europe and Asia Pacific are also expected to witness robust growth in the global aesthetic thread market due to the growing geriatric population, increasing demand for aesthetic treatments, rise in adoption of aesthetic threads, and increasing preference for minimally-invasive surgeries in these regions. For instance, due to the increasing awareness among people about the benefits of aesthetic procedures, people are more inclined towards the use of minimally invasive procedures. According to International Society of Aesthetic Plastic Surgery, India carried out a total number of 524,064 aesthetic procedures (surgical and non-surgical) in 2020.

Figure 1. Global Aesthetic Thread Market Share (%), by Region, 2023

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Global Aesthetic Thread Market Drivers:

High demand for facelifts and blepharoplasty to drive market growth

One of the key factors expected to augment growth of the global aesthetic thread market over the forecast period is the increasing demand for facelifts and blepharoplasty. Surgical procedures such as facelifts and blepharoplasty are the most common procedures. Thus, with the rise in demand for facelifts and blepharoplasty, the demand or adoption of aesthetic threads is also increasing rapidly. In May 2022, Sinclair Pharma and Vanguard Aesthetics teamed up to launch Silhouette Soft, non-surgical innovation that refreshes a look of the aging face by tightening key aging parts of the face and neck. It is done in a simple and minimally invasive way, with minimal downtime.  

Growing geriatric population to augment market growth

Another factor which is driving the growth of the aesthetic thread market is the growing geriatric (aging) population around the world. For instance, with the growing geriatric (aging) population, the demand for aesthetic/beauty and/or anti-aging treatments is also increasing rapidly. According to the World Health Organization (WHO), 1 in 6 people in the world will be aged 60 years or over by 2030, and the world’s population of people aged 60 years and older will double (2.1 billion) by 2050. Moreover, by 2050, two-third of the world’s population over 60 years will live in low- and middle-income countries, driving the growth of the market.

Global Aesthetic Thread Market Opportunities:

Increasing demand for aesthetic threads across the globe is expected to provide significant growth opportunities for players in the global aesthetic thread market. For instance, in December 2021, Croma Pharma announced the launch of novel Anchor Plus PDO threads that offer greater thread integrity alongside more cogs, creating a stronger, more durable thread that can be used to help lift heavy skin, including the submental, cheekbone, lower face, and neck areas. The portfolio offers the practitioner worldwide a wide choice and not only stimulates collagen for the skin rejuvenation, but also provides reinforcement and lifting.

Increasing demand for aesthetic treatments around the world is expected to offer significant growth opportunities for players in the global aesthetic thread market. For instance, in July 2022, Florida-based Apyx Medical Corporation received 510(k) clearance from the Food & Drug Administration (FDA) for the usage of the Renuvion APR Handpiece for certain skin contraction procedures. The Renuvion APR Handpieces are also indicated for use in subcutaneous dermatological and aesthetic procedures to improve the appearance of lax (loose) skin in the neck and submental region. This in turn is expected to augment the growth of the market.

Global Aesthetic Thread Market Trends:

Increasing number of thread lift procedure is a recent trend

The thread lift procedure involves the use of temporary sutures to create a fine but significant lift in the skin. In this procedure, the cosmetic surgeon removes some of the loose skin by stitching it up instead of surgically. A thread lift does not involve incision or deep tissue manipulation unlike a traditional surgical facelift. It is a much easier procedure, which involves taking substances like fillers instead of undergoing facelift surgery. Therefore, the number of thread lift procedures is increasing rapidly and this trend is expected to continue over the forecast period.

Increasing awareness among people is another trend

The use of advanced technologies has revolutionized the industry. As more people across the globe become aware of the benefits of non-invasive/minimally invasive aesthetic treatments, the demand for thread lift procedure is growing with the rapid pace. Moreover, several government around the world initiatives are helping in creating awareness regarding non-invasive or minimally invasive aesthetic procedures among people. This trend is also expected to continue over the forecast period, driving the growth of the global aesthetic thread market.

Global Aesthetic Thread Market Restraints:

High cost of treatment to hinder market growth

One of the key factors expected to hamper growth of the global aesthetic thread market is the high cost of the treatment. For instance, in the U.S., the cost associated with a thread lift procedure can vary anywhere between US$ 1500 to US$ 4500. These costs can vary on the basis of the scale and degree of the procedure, area/areas treated, and the surgeon’s expertise. The thread lifts (like, most cosmetic procedures) are elective, and most insurance carriers do not cover the cost. In fact, thread lift costs roughly half the price of a traditional face lift, depending on how many threads are being used during the procedure. This in turn is expected to drive market growth.

Uncertain results to hamper the market growth

Another factor which is hampering the growth of the global aesthetic thread market is the uncertain results of the procedure. For instance, there are only few regions across the globe where the use of an aesthetic thread during a cosmetic procedure is regulated, and in most of the regions, the thread considered as a medical device is largely unregulated. Moreover, there is a dearth of skilled/trained professionals who can perform such procedures and successfully produce the desired outcome in an aesthetic procedure. The lack of regulations has led to an increase in the number of thread lift procedures, resulting in an increase in uncertain test results.

Figure 2. Global Aesthetic Thread Market Share (%), by Product Type, 2023

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Global Aesthetic Thread Market Segmentation:

The global aesthetic thread market report is segmented into Product Type, Indication Type, and Geography.

Based on Product Type, the market is segmented into Suspension Thread and Rejuvenating Thread. Out of which, Suspension Thread Segment is expected to dominate the aesthetic thread market during the forecast period and this is attributed to the increasing preference for minimally-invasive surgeries around the world.

Rejuvenating Thread Segment is also expected to witness significant growth in the near future and this is owing to the growing geriatric population across the globe.

Based on Indication Type, the market is segmented into Face Lift, Skin Rejuvenation, and Ptosis. Out of which, Face Lift Segment is expected to dominate the market over the forecast period and this is attributed to the increasing number of thread lift procedures.

Skin Rejuvenation Segment is also expected to witness significant growth in the near future and this is owing to growing geriatric population across the globe.

Global Aesthetic Thread Market: Key Developments

In February 2023, CGBIO acquired 'M.BASE', a lifting thread company. By acquiring M.BASE, CGBIO has secured independent lifting thread manufacturing capabilities and development know-how and strengthened its business portfolio related to aesthetics.

In September 2021, Menarini and RELIFE launched Definisse double needle threads in India. The threads require reduced procedural and recovery time, no general anaesthesia with immediate and visible results leading to higher patient satisfaction.

Global Aesthetic Thread Market: Key Companies Insights

The global aesthetic thread market is highly competitive. This is attributed to the growing demand for aesthetic threads and increasing number of thread lift procedures, as a result, market players are focusing on launching novel products in the market.

Some of the key players in the global 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.

*Definition: Aesthetic threads are medical sutures that are injected using a needle underneath the skin to lift and rejuvenate the skin. These threads are used in nonsurgical cosmetic procedures to create a more refreshed, smoother appearance.