Body Contouring Market Business Perspective, Opportunities 2022-2030
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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