According to our report, the Global Body Contouring Devices Market is predicted to grow at a remarkable CAGR of 16.7% from 2019 to 2024.
Body Contouring is the process of surgically altering various body parts such as thighs, butt cheeks, breasts, upper arms and torso with the aim of improving the overall appearance of the body. Body lift is one such common body contouring surgical procedure meant to remove the sagging skin and excess fat from the abdomen, thighs and buttocks. This is more effective usually in the cases of people who have lost weight drastically.
The devices which are used in the process of body contouring are widely defined as body contouring devices. They come under several categories with the broad classification being done on the basis of the extent of invasion. The latest innovations in ultrasound cavitations, infra-red technology, laser-lipolysis, radio-frequency therapy, mesotherapy, dynamic pulse control (DPC) and intense pulse light (IPL) are resulting in the development of revolutionary new devices in the field.
The major factors affecting the Body Contouring Devices market include the rise in the number of obese patients, rising awareness and accessibility of population to body contouring devices. The increasing importance being given to physical appearance nowadays is yet another reason for it. Technological advancements and a growing need for technologically advanced products to meet the increasing demand of aesthetical improvement procedures such as excess skin removal, skin tightening & liposuction are expected to propel the growth potential of the market over the forecast period.
Increased medical tourism, increased body contouring, and high market potential in untapped emerging economies are expected to provide lucrative market growth opportunities over the forecast period. The major factor driving the growth of the global market for body contouring tools is an increase in obesity among people around the world. Besides, the world-wide increase in esthetic consciousness and advancements in body contouring such as skin tightening, liposuction, and excess skin removal are anticipated to drive the growth of the market. Rising disposable income in urban areas across the world is likely to bolster the demand of the market to the extent. Also, a growing number of people suffering from obesity and other health disorders is accelerating the demand of the market as they choose effective treatment procedures for weight loss. Launch of new products with advanced technology is impacting positively on the growth of the market.
The trend towards non-intrusive methodology has enhanced the body contouring market across the globe. For example, a few body contouring methodologies are becoming common among customers who rely on minimally invasive or non-invasive methods to achieve a near-perfect appearance in a short timeframe.
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Waste, End-User, Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Meridian Co., Cynosure, Ltd., Lumenis, Alma Lasers, Ltd., Syneron Medical Ltd and Palomar Medical Technologies. |
This research report on Global Body Contouring Devices Market has been segmented and sub-segmented into the following categories and evaluated market size and forecast for each segment until 2024.
Body Contouring Devices Market – By Product
On the basis of product type, the Non-Invasive devices segment accounted for the largest share of the Body Contouring Devices market. This can be attributed to heavy investments in advanced technology and equipment development by key companies. Improved security, short downtime, and cost-effectiveness of these devices also improve the growth of the segment. The segment of non-invasive devices is further classified into radiofrequency devices, ultrasound-focused high-intensity (HIFU) lipoplasty devices, and cryolipolytic devices. The segment of minimally invasive devices is further divided into laser-assisted lipolysis devices, liposuction devices assisted by radio frequency, and others.
Regional Analysis:
The Body Contouring Devices Market is dominated by North America in 2018 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.
Top companies in the market
The Body Contouring Devices market is highly competitive with a large number of players. Below are a few of the key players dominating the market with their products and services meridian Co., Cynosure, Ltd., Lumenis, Alma Lasers, Ltd., Syneron Medical Ltd, and Palomar Medical Technologies.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Minimally Invasive
5.1.2.1 Radio Frequency Assisted Liposuction Devices
5.1.2.2 Laser Assisted Lipolysis Devices
5.1.3 Non-Invasive
5.1.3.1 Suction Devices
5.1.3.2 Radiofrequency Energy Devices
5.1.3.3 High Frequency Focused Ultrasound Devices
5.1.3.4 Cryolipolysis
5.1.3.5 Low Level Light Laser Therapy Devices
5.1.4 Invasive
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Meridian
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cynosure
8.3 Lumenis
8.4 Alma Lasers
8.5 Syneron
8.6 Palomar Medical Technologies
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Related Reports
Aug 2019
Download Sample
Aug 2019
Download Sample
Aug 2019
Download Sample
Aug 2019
Download Sample
