Market Overview
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.
The Body Contouring Devices and Procedures Market was valued of USD 2,103 million in 2017 and is projected to grow at a CAGR of 6.6% over the forecast period.
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Key Players
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.
Segmental Analysis
The segment assessment of the global body contouring market is done on the basis of type of devices. These segments are minimally invasive devices, invasive devices, and non-invasive devices. The sub-segments of the non-Invasive devices are high intensity focused ultrasound lipoplasty devices and radio frequency lipoplasty devices. The sub-segments of the minimally invasive devices segment are radio frequency assisted liposuction devices and laser assisted lipolysis devices. The sub-segments of the invasive devices segment are ultrasound assisted liposuction devices and other.
As cardiovascular malaises, along with diabetes become more prevalent, they are highly harmful to people with obesity. The increase in such cases at a significant rate can promote the expansion of the body contouring market across the review period. Furthermore, the high consumption of fast food and lack of exercise by these people that require to curb excess fat can promote the body contouring market. Technological advances and rise in need for surgical treatment that offer high success rate can drive the body contouring market in the foreseeable future.
Regional Analysis
The Americas is expected to drive the market ahead as the US and Canada are spending substantial amounts to back the regional market. Several market players are also operating from the region, which is an advantage for the American market. In Asia Pacific, the market will be backed by Japan and Australia in a prominent way where cosmetics investment is rising\
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