The body contouring devices market has been anticipated to experience significant growth avenues in the forthcoming years. This increasing market growth is on the back of rising cases of obesity around the world because of unhealthy lifestyles. Further, improved efficacy and safety of the techniques result in an increased life expectancy. Owing to these factors, the body contouring devices market has been predicted to experience demand opportunities during the forecast period.
The sudden outbreak of the COVID-19 has put adverse impacts on the overall aesthetic market around the world. But various aesthetic professionals are in the belief that the pandemic may propel growth opportunities in the body contouring devices market. There has been a significant rise in the acceptance of cosmetic procedures during and after the pandemic. The women are also more interested and inclined in different nonsurgical procedures compared to the time before the pandemic. Thus, these factors are estimated to stimulate the growth prospects in the market in the upcoming years.
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Body Contouring Devices Market: Key Trends
The body contouring devices market has been bifurcated on the basis of type, region, and application. On the basis of type, the market has been segmented into invasive devices and noninvasive and minimally invasive devices. Between these two, the noninvasive and minimally invasive devices segment has been predicted to experience significant growth opportunities in the forthcoming years. North America region is likely to serve as the dominating region in this market segment. In nonsurgical fat reduction treatments, this is used to break the stubborn subcutaneous fat pockets. Increasing demand for the body contouring treatment has been stimulating growth impetus in this market segment.
A sedentary lifestyle has been a major cause of disability, disease, and obesity among people around the world. The levels of physical inactivity have been high in developing and developed countries. Further, increasing urbanization has also contributed to an increase in the sedentary lifestyle that is likely to boost obesity among people. Owing to these factors, the body contouring devices market has been estimated to experience growth opportunities.
Body Contouring Devices Market: Competitive Dynamics and Key Developments
The key players operating in the body contouring devices market have been adopting different strategies to boost growth prospects in the upcoming years. Strategic collaborations, geographical expansion, product approvals, mergers, acquisitions, partnerships, and novel product launches are used by the key companies to generate expansion avenues in the market.
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For instance, InMode Ltd. has received the Health Canada certificate of the Evolve Tone in June 2020. This certificate will enable Evolve platform as the only all-in-one hands-free device in Canada that consists of three unique techniques of body remodeling. These techniques include Tone, Trim, and Tite.
Some prominent players in the global body contouring devices market include:
- Sciton Inc.
- Sofwave Medical Ltd.
- InMode Ltd.
- Lutronic Corporation
- Candela Medical Ltd.
- Allergan Plc
- Alma Lasers
- Cynosure, Inc.
Body Contouring Devices Market: Regional Assessment
The body contouring devices market is spread across various geographical locations around the world including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these, the North America region has been expected to dominate in the market during the forecast period. This market growth has been attributed to the increasing rate of the geriatric population, advancement in the procedure for aesthetic body contouring, and the existence of the major market players. Further, well-established reimbursement policies, strong medical infrastructure are also some of the prominent factors to drive growth opportunities in the market.
The Asia Pacific region has been expected to experience growth impetus owing to the emerging economies, well-developed healthcare facilities and infrastructure, and increasing R &D activities. Further, Asian countries are well-known for being the hub of aesthetic procedures.
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