MARKET OVERVIEW- GLOBAL CELLULITE TREATMENT MARKET
Cellulite is a state of health that occurs more often in women. Given the growing complexity linked to health in women, there is also growth in the human rate with cellulite. It turns out that when ordinary fats flock between groups of connective tissues and the skin develops a defamation or a curd. Cellulite is most often formed on the thigh, hips and tramps, but can also be seen on the stomach, breasts and arms. Cellulite is certainly not a real disease and does not cause any agony or discomfort. It is not clear why cellulite is structured. Cellulite is neither a percentage of obesity nor an indication of excess fat. It can affect people with the perfect body weight, as well as those who are overweight. As people become more and more concerned about the condition of being overweight, the global Cellulite Treatment market is accelerating at a rapid pace these days.
MARKET DRIVERS
Rising demand for cosmetic and aesthetic procedures along with an increasingly obese population, is expected to fuel the growth of the industry. According to the WHO, in 2016 more than 340 million children and adolescents were overweight or obese and almost 650 million adults were obese. Such a high prevalence is expected to drive the growth of the industry. Moreover, cellulite affects the psychological, behavioural and psychiatric characteristics of a person, which is expected to increase market demand. For example, according to the Psychology of Patients with cellulite study published by Surgical and Cosmetic Dermatology, almost 50% of the study population said they were dissatisfied with their appearance, while almost 78% said they needed a treatment. The introduction of new products into the market is also expected to fuel the growth of the market. Also, the growing number of celebrities and social media influencers showcasing their well-toned body shapes on social media platforms has triggered a need to achieve these body standards, especially among women. Such social pressure to achieve a perfect figure and the associated negative body image is expected to increase the number of people seeking treatment, thereby supporting the growth of the market.
MARKET OPPORTUNITIES
The loss of skin elasticity among the aging population, increasing disposable income, and new product innovations driven by growing R&D activities are expected to support the progress of the market. For example, the FDA recently approved Soliton's Rapid Acoustic Pulse device which provides short-term improvement in the appearance of cellulite. Other factors such as hormonal imbalance and genetic background can also lead to the formation of cellulite and favour the market growth in the coming years. Besides, emerging features and new technologies have gained the major attention of consumers and this factor is expected to provide rising new growth opportunities for the market over the forecast period.
MARKET RESTRAINTS
A major factor inhibiting the growth of the Cellulite Treatment market is popular alternative herbal massage treatment which includes acupuncture, gua sha and cupping techniques. Additionally, the high cost of cosmetic surgery is expected to hamper the growth of the market over the estimated time period.
MARKET GROWTH CHALLENGES
The COVID-19 pandemic has affected the growth of the market to a major extent which has created various challenges for market growth. Also, lack of awareness and information regarding cellulite treatment procedures is expected to be a major challenge for the market’s growth over the forecast period.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the global Cellulite Treatment market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. With increasing demand for cellulite treatment in various applications has led the increasing demand for market and is expected to witness the growth at a CAGR at specific CAGR from 2023-2029.
CELLULITE TREATMENT MARKET SEGMENTAL OVERVIEW
The global Cellulite Treatment market comprises of different market segments like cellulite type, treatment type, procedure type, end users and geography.
CELLULITE TREATMENT MARKET BY CELLULITE TYPE
By cellulite type, the Cellulite Treatment market includes the key segments of
- Soft Cellulite
- Hard Cellulite
- Edematous Cellulite
Soft cellulite is expected to dominate the market over the forecast period. This is due to the high prevalence of obesity due to unhealthy diet and lifestyle choices. Soft cellulite mainly occurs in areas such as the buttocks, stomach, thighs and arms. Improving muscle tone through exercise, consistent weight loss, adequate protein intake, and radiofrequency and topical treatments are some of the preferred treatment options for soft cellulite. Soft cellulite is comparatively easier to treat compared to other forms and hence is expected to witness lucrative growth over the forecast period.
On the other side, hard cellulite is compact in nature and painful to the touch. Hard cellulite is present on the outer areas of the thighs and hips. Mesotherapy is one of the treatment options offered for hard cellulite, in which individual combinations of natural extracts, vitamins and medications are injected into the mesodermal layer.
CELLULITE TREATMENT MARKET BY TREATMENT TYPE
On the basis of the treatment type, the Cellulite Treatment includes the following segments
- Energy based Treatment
- Non-Energy Based Treatment
Energy based treatment includes mechanical suction, mechanical suction and thermal, radiofrequency, ultrasound, cryolipolysis and others. Energy-based treatments are likely to witness high over the forecast period due to their safe, less painful, efficient and minimally invasive nature. Energy-based treatment devices use energy from various sources such as radio frequency, laser waves, light and target the underlying tissue bands, causing cellulite. Additionally, they reduce the risk of post-procedural complexity, making them a preferred choice of the majority of users. On the other side, the non-energy-based treatments is expected to witness a moderate growth during the estimated time period.
CELLULITE TREATMENT MARKET BY PROCEDURE TYPE
By procedure type, the Cellulite Treatment market is segmented into
- Non-invasive
- Minimally Invasive
- Topical
The non-invasive segment is expected to witness high growth over the forecast period. This can be attributed to the high availability of this procedure and ongoing research and development activities. Local cellulite treatment products do not require a specialist doctor for application and can be used in the comfort of a person's home, driving the growth of the market. Non-invasive procedures such as the use of radiofrequency waves are the preferred treatment option as such procedures do not damage the skin and provide effective results.
The topical segment is anticipated to grow at a significant rate during the estimated time period. The ready availability of topical treatments in various healthcare facilities and over-the-counter creams for the treatment of cellulite is leading to an increase in their use at home.
CELLULITE TREATMENT MARKET BY END USERS
The Cellulite Treatment market has major end users like
- Hospitals
- Clinics and Beauty Centers
The clinics and beauty centers followed by hospitals are expected to gain increasing demand for cellulite treatment over the estimated time period. The formation of cellulite is a common problem that is observed in women aged or over 20 years of age. It is considered a cosmetic problem, which is why patients seek treatment at several beauty centers. Hospitals and beauty clinics offer both patients effective treatment options. The demand for beauty and clinical centers is increasing due to the growing incidence of the formation of cellulite, together with related aesthetic circumstances. In general, hospitals are addressed to aesthetic clinics and beauty centers, which leads to an increase in the demand for these centers. The presence of qualified personnel and certified professionals in these beauty clinics and spas reduces the risk of complications. Additionally, the opening of various clinics and medical spa centers around the world due to low regulatory requirements for non-surgical cosmetic procedures is a key growth driver.
CELLULITE TREATMENT MARKET BY GEOGRAPHY
The global Cellulite Treatment market is studied for the following region
- North America
- Europe
- Asia-Pacific
- Rest of the world (RoW)
North America is expected to lead the market due to the high availability of skilled professionals, advanced techniques, and supportive government initiatives in the region. Additionally, the availability and adoption of advanced treatment options, such as laser treatments, are contributing to market growth in this region. Additionally, the growing awareness of aesthetic appeal and outward appearance is driving the growth of the industry in North America.
The Asia-Pacific region is expected to witness lucrative growth over the forecast period. This can be attributed to lower treatment costs, higher disposable income and an increasing prevalence of obesity in this region. The majority of countries in this region are developing countries and are rapidly adopting technologically advanced equipment. Medical tourism is also high in this region, which is expected to further fuel the growth of the industry. The number of women and men concerned about their aesthetics and outward appearance has also increased significantly in recent years, further supporting the growth of the market in this region.
COVID-19 IMPACT ANALYSIS ON GLOBAL CELLULITE TREATMENT MARKET
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Cellulite Treatment market. In addition, complete analysis of changes on the global Cellulite Treatment market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has had a significant impact on all markets and businesses around the world, including the cosmetics industry. The lockdowns imposed in almost every country have had a serious negative impact on the global economy. The COVID-19 pandemic has also impacted the cellulite treatment market. Approximately 86,350 cellulite treatment procedures were performed in the United States in 2020. According to the Plastic Surgery Statistics 2020 report, there was a 24% decrease in cellulite procedures from 2019 to 2020. COVID-19 can be attributed in part to the increased use of online conferencing, social media, and digital technology during the pandemic and post-pandemic period, often accentuating personal and idealized facial aesthetics. The demand for the online consultation process has increased and has been integrated into routine treatments to reduce the risk of direct face-to-face contact with the patient.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of Cellulite Treatment market is majorly focused on expanding the global growth of cellulite treatment industry with new product innovation, business expansion, increasing presence of a range of manufacturers operating in the cellulite treatment sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
- Syneron Medical Inc.
- Merz Pharma
- Cymedics
- Nubway
- Cynosure
- Tanceuticals, LLC
- Zimmer Aesthetics
- Nestle
- Cutera
- Alma Lasers
- Mentor Worldwide
- Fosun Pharmaceutical
- Allergan
- Inceler Medikal Co. Ltd.
RECENT DEVELOPMENT:
April 2023: CUTERA, INC. a provider of consumer payment and financing solutions, had announced an exclusive partnership to expand patient financing options to dermatology practices across the United States.
April 2022: Cynosure announced at The Aesthetic Society's "The Aesthetic Meeting 2022" that it has entered into an agreement to acquire the MyEllevate Surgical Suture System, expanding the Company's portfolio of minimally invasive facial rejuvenation solutions.