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.
According to the latest report published by Persistence Market Research, the global cosmetic threads market was valued at US$ 114 Mn in 2020, and is expected to witness a CAGR of around 7% during the forecast period (2020 – 2030).
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Key Takeaways from Cosmetic Threads Market Study
“Growing popularity of combined treatment therapy along with increasing demand for minimally-invasive methods will boost the global cosmetic threads market,” says a Persistence Market Research analyst.
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Collaboration & Acquisitions – 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 March 3, 2020, Sinclair Pharma Limited, a global aesthetics company headquartered in London and wholly owned by Huadong Medicine Limited, announced that Health Canada approved Silhouette InstaLift®, 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 May 1, 2020, Suneva Medical, Inc. announced an exciting new alliance to further its leadership position in regenerative aesthetics. Suneva Medical’s aesthetic range will be extended by the exclusive North American distributor for Sinclair Pharma’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.
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