According to the reports on the global body contouring market, Market Research Future (MRFR) claims that the market is expecting a CAGR of 9.8 % during the forecast period (2017-2023). Body contouring is the process of altering a body part to give it a definitive shape and improving the appearance. The process often includes removal or transfer of fat. Thigh, abdomen, and buttocks often go under the knife to get this sort of fat removed.
The global body contouring market is expecting a good prospect in the coming years as the improved safety and efficacy of these procedures are ensuring more takers for the market. At the same time, media and entertainment in many cases are playing an important role in pushing this notion forward of maintaining a distinct shape. Rising health-awareness is also promoting such notions. At the same time, technology is also having a significant impact on the global market. Products have now become easy-to-use, cost-effective, and less painful owing to which a greater number of people are now opting for such options.
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Segmentation:
The global body contouring market, as per the report of MRFR, is segmented by type of devices into invasive devices, minimally invasive devices & non-invasive devices. Non-invasive devices and minimally invasive devices are segments that enjoy major tractions in the market owing to the preference of patients. Companies are also investing significantly in developing state-of-the-art technologies to focus on features such as enhanced safety and cost-effectiveness.
Based on the invasive devices, the body contouring market can be segmented into ultrasound assisted liposuction and others.
Based on the non-Invasive devices, the body contouring market encompasses radio frequency lipoplasty devices, and high intensity focused ultrasound lipoplasty devices.
Based on the minimally invasive devices, the body contouring market is segmented into laser-assisted lipolysis devices, and radio frequency assisted liposuction devices.
Regional Analysis:
MRFR, in a region-specific analysis of the global body contouring market, includes namely, North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). This type of segmentation would allow easy analysis of growth pockets.
North America is currently in-charge of the global body contouring market. The regional growth is getting spurred by huge demand from the obese population. It is also benefiting from the presence of several market titans who have engaged themselves in an intense competition to develop new products. This is keeping the market alive. Europe’s market, feature-wise, is also on the same plain. Availability of better treatments and a substantial population suffering from diabetes are expected to take the regional market forward.
The APAC market is expected to rise with a substantial CAGR during the forecast period. India and China are going to contribute substantially owing to a large number of the population where the obese population is always on the rise. Increase in per capita income is also helping people in opting for such treatments which are providing the market with a much-needed thrust.
Competitive Landscape:
The global body contouring market is getting impacted by several companies who are actively participating in deciding the market growth for the coming years. MRFR profiled them for the report on the market and included the latest updates to ensure better market analysis. These companies are Alma Lasers (Israel), Meridian (Michigan), Cynosure (US), Lumenis (Israel), Palomar Medical Technologies (US), GlobalMed Technologies (US),), Andrew Technologies (Canada), Valeant Canada Syneron Medical (Israel), Asclepion Laser Technologies (Germany), Cutera (US Invasix Aesthetic Solutions (US), Wells Johnson Company (US), InMode (US), Human Med (Germany), Fotona (Slovenia), Chromogenex (UK), BTL Industries (US), Erchonia (US), and others.
In April 2019, Candela Corporation launched its Vbeam Prima laser system in Canada. The object comprises a 1064 nm wavelength, advanced 595 nm pulsed dye laser, two dermal cooling options, and other pulsed dye applications. Candela has made a name by developing body contouring devices, and their latest product is expected to control the market quite easily.
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Market InsightsContouring Market is a process by which the body part is adjusted or altered to enhance the appearance, which refers to the removal of excess body fat.
The increase in the obese population is the main driver of the market.
Along with these technological advancements, the enhancement of the most successful surgical treatment has spurred market growth.
In addition, the availability of simple payment methods has made it easy to access the procedures for the patients, which contributes to market growth.
In addition, technological developments have made these procedures more accurate and efficient, stimulating the market.The growing number of the aging population and the introduction of advanced products by market participants are other market factors.
High scale development in healthcare sector specifically in emerging nations is predicted to support the growth of the global market.Moreover, several factors, such as increased disposable income, rising geriatric population, technological progress, and greater aesthetic awareness, should lead to market growth over the forecast period.
