Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Body contouring is a procedure in which the human body is altered by excluding excess fat deposits, thus helping in optimizing the human physique. There are several devices used in these fat removal procedures, such as skin tightening devices and fat reducing devices. An increase in awareness of non-invasive and minimally invasive body contouring procedures is one of the key factors that should intensify the growth and demand of the body contouring equipment market.
The main factor driving the growth of the global body restraint devices market is the increase in obesity among people around the world. Additionally, an increase in aesthetic awareness around the world and advances in body contouring are expected to drive market growth. In addition, a huge rise in medical tourism, soaring adoption of body contouring, and high market potential in untapped emerging markets are expected to present lucrative opportunities for market growth over the forecast period. .
The rising prevalence and incidence of obesity globally is the major factor fuelling the growth of the global body contouring devices market. For example, in 2018, according to Statistics Canada, 26.8% of Canadians (approximately 7.3 million adults) reported being classified as obese based on their height and weight. An additional 9.9 million adults (36.3%) were classified as overweight, bringing the total population at increased health risk due to obesity to 63.1% in 2018. Besides, increasing awareness of body contouring, increasing awareness of beauty, inclination of unhealthy lifestyle towards fitness, increasing technological advancements and growing acceptance of cosmetic surgeries are the few other factors that are driving the growth of the global body contouring devices. According to the International Society for Aesthetic Plastic Surgery, 1,732,620 liposuctions were performed worldwide in 2018. On the other side, rapid economic development in developing countries has led to an overall improvement in healthcare infrastructure and is expected to further significantly drive the growth of the market over the estimated time period.
Rapid technological advances in the field of aesthetics and the rise in body contouring awareness are also among the important factors that are expected to drive the growth of the Body Contouring Devices Market. Rapid development in healthcare, along with the ready availability of technologically advanced devices, and the reduction of hospital infection risks, is expected to provide significant growth opportunities for the Body Contouring Devices Market over the forecast period.
The market is expected to have major restraining factors like the high treatment costs of body contouring, and the lack of effective reimbursement policies. Also, certain side-effects associated with body contouring such as development of scars, internal bleeding, overexertion, etc., is expected to act as a hurdler for the market’s growth over the forecast period. Besides, lack of awareness about side-effects of body contouring is another factor which is expected to restrain the market’s growth over the estimated time period.
The COVID-19 pandemic has severely affected the growth of the market to a major extent, which has created a major challenge for the market’s growth. Lack of awareness in developing and underdeveloped countries about body contouring surgical procedures and a shortage of healthcare professionals in these nations is expected to be major hindrance to the market’s growth over the forecast period.
The report provides an in-depth analysis of the global Body Contouring Devices market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for various Body Contouring Devices in various applications has led to the increasing demand for the market and is expected to witness growth at a specific CAGR from 2021-2028.
The global Body Contouring Devices market comprises of different market segment like product type, application, end users and geography.
By product type, the Body Contouring Devices market includes the key segments of
The non-invasive devices segment is further categorized into radiofrequency devices, high-intensity focused ultrasound (HIFU) lipoplasty devices, and cryolipolytic devices. The minimally invasive devices segment is further divided into laser-assisted lipolysis devices, radio frequency assisted liposuction devices, and others. The invasive devices segment is further categorized into ultrasonic assisted liposuction (UAL) devices. Non-invasive, followed by minimally invasive body contouring devices, are expected to hold a large share of the market over the forecast period. The introduction of various products, investments by market players, and the high demand for non-invasive and minimally invasive procedures due to their safe and economic nature are driving the market.
The invasive devices segment is expected to grow at a significantly high rate over the forecast period. The invasive body reshaping procedure, liposuction or lipolysis, is still one of the most popular and requested plastic surgery procedures for body reshaping and is particularly effective in removing fat in the legs, abdomen, back, arms, in the face, and neck. According to the American Society of Plastic Surgeons (ASPS), liposuction was the second most commonly performed procedure in the United States after breast augmentation, with 211,067 procedural volumes in 2020. Liposuction is considered to be one of the most effective body fat removal procedures as it can remove up to 5 litres (11 pounds) of fat from this procedure.
The Body Contouring Devices market has key applications like
The non-surgical skin tightening segment is expected to grow at a rapid rate during the forecast period. This can be attributed to the minimally invasive and non-invasive nature of the procedures and the low cost compared to an invasive procedure. Non-invasive tightening devices such as Thermage, Ulthera, and Pelleve help stimulate collagen and elastin production by inducing laser or ultrasonic energy in the targeted area, gradually improving skin texture and tone.
Significant market growth is also expected for the liposuction segment during the forecast period. This can be attributed to a rise in the prevalence of obesity among the general population, which has stimulated the demand for liposuction.
The Body Contouring Devices market has major end users like
The hospital and clinics segment is expected to hold the largest share of the market over the forecast period. This can be attributed to the presence of advanced healthcare systems, equipment, instruments, and services provided in hospitals and multispecialty clinics, along with a favourable reimbursement scenario.
Also, the medical spa segment is expected to register the highest growth rate during the forecast period due to the increase in customer preference for medical spa services in developed as well as developing nations.
The global Body Contouring Devices market is studied for the following regions
North America is expected to lead the body contouring devices market during the forecast period. This is attributed to the growing geriatric population, strong medical infrastructure, established reimbursement policies, the existence of key market players, and advancements in aesthetic body contouring procedures. Additionally, attributes such as high acceptance and openness to body contouring treatments and a rapidly expanding appearance-conscious clientele are expected to drive the non-invasive body contouring market in the North America region.
The Asia-Pacific region is expected to register the highest growth rate during the forecast period. Asian countries like China, Japan, and India are emerging economies with well-developed healthcare infrastructure and facilities and are now focusing more on leadership based on R&D activities. Asian countries have long been a well-known hub for aesthetic procedures. Countless fat reduction procedures are performed every year in countries like China, South Korea, and Japan. Affordable, high-quality treatments, increased disposable income, and a growing obese and geriatric population are the key factors which are expected to support the growth of the region.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the Global Body Contouring Devices Market. In addition, a complete analysis of changes in the global Body Contouring Devices market expenditure, economic and international policies on the supply and demand side is provided in this report. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The advent of the COVID-19 pandemic has impacted the entire aesthetics and beauty market. All invasive and non-invasive cosmetic procedures have been significantly impacted by the pandemic. This includes the body contouring market. According to Bloomberg, procedures such as non-invasive fat reduction, injection lipolysis, invasive liposuction, soft tissue fillers, face lifts, eye lifts, and eyelid surgery, skin resurfacing, rhinoplasty, and abdominoplasty decreased by 20% in the first half of 2020. However, the International Society for Aesthetic Plastic Surgery reported that the desire and demand for cosmetic treatments such as body contouring increased significantly at the end of 2020, reaching higher levels in 2021 than before the pandemic. This is expected to provide new growth opportunities for the market in the upcoming years.
The competitive landscape analysis of the Body Contouring Devices market is majorly focused on expanding the global growth of Body Contouring Devices with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the Body Contouring Devices market has led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfil the consumer which is further contributing to healthy growth in the market.
The key players studied in market are
April 2021: Cynosure entered into an agreement to acquire the MyEllevate Surgical Suture System, expanding the company's portfolio of minimally invasive facial rejuvenation solutions.
June 2020: InMode Ltd. received Health Canada certification for Evolve Tone. This certification has made the Evolve platform Canada's only, all-in-one hands-free device consisting of three unique body remodeling technologies - Tite, Trim, and Tone.
By product type, the Body Contouring Devices market includes the key segments of non-invasive devices, minimally invasive devices and invasive devices. The non-invasive devices segment is further categorized into radiofrequency devices, high-intensity focused ultrasound (HIFU) lipoplasty devices, and cryolipolytic devices. The minimally invasive devices segment is further divided into laser-assisted lipolysis devices, radio frequency assisted liposuction devices, and others. The invasive devices segment is further categorized into ultrasonic assisted liposuction (UAL) devices. Non-invasive, followed by minimally invasive body contouring devices, are expected to hold a large share of the market over the forecast period. The Body Contouring Devices market has major applications like non-surgical skin resurfacing, non-surgical skin tightening, cellulite treatment, liposuction, and others. The non-surgical skin tightening segment is expected to grow at a rapid rate during the forecast period. The Body Contouring Devices market has major end users like Hospitals and Clinics, Medical Spa, Clinical Research Laboratories and others. The hospital and clinics segment is expected to hold the largest share of the market over the forecast period. The global Body Contouring Devices market is being studied for the following regions: North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is expected to lead the body contouring devices market during the forecast period due to the growing geriatric population, strong medical infrastructure, established reimbursement policies, the existence of key market players, and advancements in aesthetic body contouring procedures.
| Market Sizing for Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD million |
| Market Segment studied: | Product
Type Application End
Users |
| Market Players and its
Competitors: | Allergan
Plc Merz
Pharma Gmbh Candela
Medical Ltd. Bausch
Health Companies Inc Cynosure,
Inc. Alma
Lasers Solta
Medical Bausch Health Companies, Inc. Lutronic
Corporation InMode
Ltd Fotona Sofwave
Medical LTD Sciton
Inc Lumenis Medicis
Pharmaceutical Corporation Palomar
Medical Technologies Inc. Sound
Surgical Technologies LLC Zeltiq
Aesthetics |
FREQUENTLY ASKED QUESTIONS
What would be forecast period in the market report?
2022-2088 is the forecast period in the market report.
Which is the leading application segment for Body Contouring Devices market?
The non-surgical skin tightening segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which region is gaining majority of market share during the forecast period (2022-2028)?
North America is expected to gain major market share during the forecast period (2022-2028).
