The Body Contouring Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Body Contouring Devices Market is estimated to be USD X.XX billion in 2016 and predicted to rise to USD X.XX billion by 2021 with a CAGR of XX.XX%. The market is segmented by Product (Minimally Invasive Devices such as Radio Frequency Assisted Liposuction Devices and Laser Assisted Lipolysis Devices, Non Invasive Devices such as Suction Devices, Radiofrequency Energy Devices, High Frequency Focused Ultrasound Devices, Cryolipolysis and Low Level Light Laser Therapy Devices and Invasive Devices). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The major drivers of the Body Contouring Devices market are 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.
The benefits of the technological advancements in the field include targeted internal delivery, less traumatic, accurate fat measurements & removal, minimal invasion, faster recovery times; increased potency is expected to further boost the market over the forecast period. Such prospects of development bode quite well for the market in the coming years.
The Body Contouring Devices Market is dominated by North America in 2016 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 coming years.
High investment from top players and increasing R&D spending are likely to provide ample opportunities to the industry players across regions. Key market players include Meridian Co., Cynosure, Ltd., Lumenis, Alma Lasers, Ltd., Syneron Medical Ltd and Palomar Medical Technologies.
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