The global body contouring devices market size is predicted to grow at a remarkable CAGR of 16.7% from 2020 to 2025.
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 one such common body contouring surgical procedure meant 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 the development of revolutionary new devices in the field.
MARKET DRIVERS:
The significant factors accelerating the growth of the body contouring devices market are the rise in the number of obese patients, raising awareness, and population accessibility 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 ever-increasing demand for 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, 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 an increase in 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 across the world is likely to bolster the market's demand to the 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. The 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.
Impact of COVID-19 on the global body contouring devices market:
The COVID-19 is a pandemic announced by the WHO. According to WHO, more than 112M people were affected, and 2.47M were dead. 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 are focusing on essential services, and all the non-essential medical services were just ignored, which paused the market. Moreover, the R&D investments got numerously decreased and delayed. Sadly, the hospitals are fully occupied by the COVID patients, and the patients who come for medical help other than COVID-19 were neglected. 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.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Covered |
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 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 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 2019, 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 area for the market in Latin America, which is expected to show high growth rates in the coming years.
KEY MARKET PLAYERS:
The global 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 Palomar Medical Technologies.
SOME OF THE RECENT HAPPENINGS IN THIS MARKET:
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
