Body contouring market is gaining traction due to the growing awareness among the people regarding their look. Body contouring involves removal of excess body fat to improve appearance. The segment has many procedures such as body lift, bra line back lift, body fat transfer, implants and abdominal etching that can effectively bring back the body in shape. The global body contouring market can expect a hike by 9.8% CAGR during the forecast period (2017-2023) expresses Market Research Future (MRFR) in a detailed study that also includes possible body contouring market drivers and segmental analysis for a better understanding of the market in the near future. Among the major reasons, obesity is one of the major factors, along with technological advances and improved surgical treatment. The success rate of surgeries has gone up which can further cement the segment’s foothold.
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However, the body contouring market has its loopholes as well. The surgical process incurs a high cost which can pull back the market growth during the forecast period.
Non-surgical skin tightening procedures are gaining precedence. The process often includes equipment with either ultrasound, radio frequency (RF), and intense pulsed light (IPL). However, Venus Concept has launched a device that offers all three modalities in synergistic combination.
Sculpsure is another minimally-invasive technology to reduce bod fat. The technology involves laser which can get in the desired result in less than 30 minutes and keeps patient comfort in mind as it provides minimal heat to the area under treatment.
The global body contouring market is segmented by type of devices into invasive devices, minimally invasive devices & non-invasive devices.
Non-Invasive devices segment is further sub-segmented into radio frequency lipoplasty devices, and high intensity focused ultrasound lipoplasty devices. Minimally invasive devices are sub-segmented into laser-assisted lipolysis devices, and radio frequency assisted liposuction devices, and invasive devices are sub-segmented into ultrasound assisted liposuction devices and other.
Region-specific analysis of the global Body Contouring Market includes North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
North America has the largest market share, and its position is going to remain the same in the coming years as well. The region gets the upper-hand as it is technologically superior and provides excellent medical facility to its customers. Furthermore, the spending capacity of the region is quite high which can provide the necessary boost to the regional market.
Europe holds the second position. First-rate medical infrastructure is something that can significantly impact the regional market growth. The APAC market is to catch up soon as the market has the potential to become the fastest growing one during the forecast period.
The body contouring market is intensely competitive as the trend is hitting a home run among the populace. Companies are bringing in strategies that include merger, acquisition, collaboration and other methods to stay afloat in the market. For instance, CVC Capital Partners is planning to buy Lumenis.
Prominent players in the global body contouring market are Alma Lasers (Israel), Meridian (Michigan), Cynosure (US), Syneron Medical (Israel), Lumenis (Israel), Palomar Medical Technologies (US), Valeant (Canada), GlobalMed Technologies (US), Asclepion Laser Technologies (Germany), Andrew Technologies (Canada), BTL Industries (US), Cutera (US), Fotona (Slovenia), GlobalMed Technologies (US), Chromogenex (UK), Human Med (Germany), InMode (US), Invasix Aesthetic Solutions (US), Erchonia (US), Wells Johnson Company (US), and others.
- Pharmaceutical companies
- Research and Development (R&D) Companies
- Government and Independent Research Laboratories
- Contract Research Organizations (CROs)
- Medical Research Laboratories
- Academic Medical Institutes and Universities
LIST OF TABLES
Table 1 Body Contouring Industry Synopsis, 2017-2023
Table 2 Global Body Contouring Market Estimates And Forecast, 2017-2023, (USD Million)
Table 3 Global Body Contouring Market By Region, 2017-2023, (USD Million)
Table 4 Global Body Contouring Market By Devices, 2017-2023, (USD Million)
Table 5 North America Body Contouring Market By Devices, 2017-2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Body Contouring Market
Figure 3 Segmentation Market Dynamics For Body Contouring Market
Figure 4 Global Body Contouring Market Share, By Devices 2016
Figure 5 Global Body Contouring Market Share, By Region, 2016
Figure 6 Americas Body Contouring Market Share, By Country, 2016
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