Body Contouring Market Analysis - Size Driven by Recent Developments, Marketing Approaches, and Innovation
Overview:
The body contouring market is anticipated to reach USD 1,190 Million by 2030 at 14.20% CAGR during the forecast period 2022-2030 expresses Market Research Future (MRFR) in a detailed study that also includes possible Body Contouring Market Growth drivers and segmental analysis for a better understanding of the market in the near future.
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. 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.
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.
Segmentation:
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.
Regional Analysis:
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.
Market Insight:
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 Body Contouring Market Players 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.
Industry Trend:
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.
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