The global body contouring devices market size is predicted to grow at a remarkable CAGR of 16.7% from 2023 to 2028.
Body Contouring is the process of surgically altering various body parts such as thighs, butt cheeks, breasts, upper arms, and torso to improve the body's overall appearance. Body lift is a common body contouring surgical procedure to remove the sagging skin and excess fat from the abdomen, thighs, and buttocks. It 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 based on 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) result in revolutionary new devices in the field.
The significant factors accelerating the growth of the body contouring devices market are the rise in obese patients, rising awareness, and population accessibility to body contouring devices. The increasing importance being given to physical appearance nowadays is yet another reason for it. In addition, technological advancements and a growing need for technologically advanced products to meet the ever-increasing demand for aesthetical improvement procedures such as excess skin removal, skin tightening, & liposuction are expected to propel the market's growth potential over the forecast period.
Increased medical tourism, improved body contouring, and high market potential in untapped emerging economies are expected to provide lucrative market growth opportunities over the forecast period. The primary factor driving the global market growth for body contouring tools is increased obesity among people worldwide. Besides, the worldwide increase in esthetic consciousness and body contouring advancements such as skin tightening, liposuction, and excess skin removal is anticipated to drive the market's growth. Rising disposable income in urban areas worldwide is likely to bolster the market's demand to an extent. Also, a growing number of people suffering from obesity and other health disorders are accelerating the market demand as they choose effective treatment procedures for weight loss. In addition, the launch of new products with advanced technology is positively impacting 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.
Impact of COVID-19 on the global body contouring devices market:
COVID-19 is a pandemic announced by the WHO. According to WHO, more than 112M people were affected, and 2.47M died. The pandemic has affected many industries negatively. The Body Contouring Devices Market has gone through some rough times during the pandemic. All the countries worldwide focused on essential services, and all the non-essential medical services were ignored, which paused the market. Moreover, the R&D investments got numerously decreased and were delayed. Sadly, the hospitals are fully occupied by COVID patients, and those who come for medical help other than COVID-19 were neglected. Furthermore, the aftermarket services and the delivery of the devices were delayed due to strict lockdown restrictions. These are the factors that hampered the Body Contouring Devices Market during the pandemic. But key players in the market are trying their best to sustain the market competition by introducing new devices into the market. For instance, Cynosure, LLC. has introduced various Body Contouring Devices.
Market Size Available
2022 to 2028
2023 to 2028
By Product and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities
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 the global body contouring devices market has been segmented and sub-segmented based on the product and region.
Body Contouring Devices Market – By Product:
The Non-Invasive devices segment accounted for the largest share of the Body Contouring Devices market based on the product type. It can be attributed to massive investments in advanced technology and equipment development by key companies. Improved security, short downtime, and cost-effectiveness of these devices also enhance 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, etc.
Body Contouring Devices Market – By Region:
The global body contouring devices market is dominated by North America in 2022, 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 area for the market in Latin America is expected to show high growth rates in the coming years.
KEY MARKET PLAYERS:
The global body contouring devices market is highly competitive, with many players. Below are a few key players dominating the market with their products and services meridian Co., Cynosure, Ltd., Lumenis, Alma Lasers, Ltd., Syneron Medical Ltd Palomar Medical Technologies.
RECENT MARKET HAPPENINGS:
The global body contouring devices market is anticipated to grow at a CAGR of 16.7% between 2023 to 2028.
The growth of the body contouring devices market is driven by factors such as the increasing demand for non-invasive and minimally invasive procedures, rising obesity rates, and growing awareness about aesthetic procedures.
North America captured the largest share of the body contouring devices market, owing to the high adoption of aesthetic procedures, increasing healthcare expenditure, and the presence of major players in the region.
Hologic, Inc., BTL Industries, Ltd., Lumenis Ltd., Cynosure, Inc., Syneron Medical Ltd., Cutera, Inc., Alma Lasers Ltd., and Venus Concept Ltd. are some of the major companies in the body contouring devices market.
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