Market Insights
Body contouring is a process by which the body part is adjusted or altered to enhance the appearance, which refers to the removal of excess body fat. The increase in the obese population is the main driver of the market. Along with these technological advancements, the enhancement of the most successful surgical treatment has spurred market growth. Due to the growing influence of social media, the millennial generation is becoming more inclined towards enhancing their physical appearance. As a result, it has increased dependency on various contour products for a refined body. In addition, the availability of simple payment methods has made it easy to access the procedures for the patients, which contributes to market growth. In addition, technological developments have made these procedures more accurate and efficient, stimulating the market.
The growing number of the aging population and the introduction of advanced products by market participants are other market factors. In addition, the benefits of body contouring procedures should increase the market growth. High scale development in healthcare sector specifically in emerging nations is predicted to support the growth of the global market.
Moreover, several factors, such as increased disposable income, rising geriatric population, technological progress, and greater aesthetic awareness, should lead to market growth over the forecast period. Important market trends include consolidation of the procurement market, changes in consumer preferences, increased body use through men’s contours, and the transition to the customer. In addition, problems such as strict regulations and the high costs of procedures hamper market growth prospects.
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Market Segmentation
The global body contouring market is bifurcated on the type of devices in invasive devices, minimally invasive devices, and noninvasive devices. Noninvasive devices are also subdivided into radiofrequency lipoplasty devices and ultra-intensive high intensity lipoplasty devices.
Minimally invasive devices are segmented into laser-assisted lipolysis devices, and radiofrequency assisted liposuction device; and invasive devices are segmented into ultrasound-assisted liposuction devices and others.
Regional Insights
Region-wise, North America holds the dominance of the global body contouring market. About 55% of the total North American population is overweight and obese. More spending on health care and government support for research and development on different surgical devices and procedures spurred market growth.
Europe is the second-largest market, followed by the Asia Pacific region for the development of the body contour market in this region, due to the growing demand for better treatments and aids and the rising occurrence of diseases such as obesity and diabetes.
Asia Pacific market is anticipated to show moderate growth trends owing to spreading awareness about the benefits of body contouring and its impact on health, both aesthetically and functionally.
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Key Players
The key players contributing and supporting the growth of the global body contouring market are Meridian, Alma Lasers, Syneron Medical, Cynosure, Palomar Medical Technologies, Invasix Aesthetic Solutions, Lumenis, Valeant, Cutera, GlobalMed Technologies, Asclepion Laser Technologies, Erchonia, Andrew Technologies, BTL Industries, Wells Johnson Company., Fotona, GlobalMed Technologies, Chromogenex, Human Med, and InMode. The majority of the market players are more inclined towards developing new devices and procedures, expansion in developing markets, and acquisition of technology companies for foreseen developments.
Recent Updates
One of the leading companies in supervised wellness and weight loss, California-based Lindora, made an investment with the acquisition of new set of Zerona Z6 body contouring machines. The inclusion of Zerona Z6 body in Lindora’s services would help the company to be a leader in body contouring services in west coast area.
TABLE OF CONTENT:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Body Contouring Market, By Type
Chapter 7. Body Contouring Market, By Diagnosis
Chapter 8. Body Contouring Market, By Treatment
Chapter 9. Body Contouring Market, By End-User
Chapter 10. Body Contouring Market, By Region
Chapter 11. Company Landscape
Chapter 12 Company Profiles
Chapter 13 MRFR Conclusion
Chapter 14 Appendix
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