Body Contouring Devices Market
Number of pages: 100 | Report Format: PDF | Published date: 23 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 1.5 billion |
|
Revenue Forecast in 2030 |
US$ 4.80 billion |
|
Growth Rate |
CAGR of 13.8% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Type, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global body contouring devices market was valued at US$ 1.5 billion in 2021 and is expected to register a revenue CAGR of 13.8% to reach US$ 4.80 billion by 2030.
Market Fundamentals
The body contouring devices market is driven by a growing demand for cosmetic procedures and a desire to improve physical appearance. The market is also influenced by increasing concerns over obesity and related health issues. Technological advancements, such as the development of high-intensity focused ultrasound (HIFU) and the introduction of combination treatments, are also driving growth in the market. The market is also influenced by factors such as government regulations, reimbursement policies, and the availability of skilled practitioners to perform these procedures. The market is highly competitive, with various companies competing for market share by introducing new products, developing new technologies, and expanding their presence in different regions.
In conclusion, the body contouring devices market outlook is positive, with continued growth and increasing demand expected in the coming years due to advancements in technology, growing awareness, and preference for non-invasive and combination treatments, and the rise in medical tourism.
Body contouring devices are medical devices designed to alter the shape of the body by removing excess fat and/or tightening loose or sagging skin. These devices are typically used in cosmetic and aesthetic treatments and are designed to help individuals achieve their desired body shape. Body contouring devices use various technologies such as suction, laser, ultrasound, cryolipolysis, and radiofrequency energy to target specific areas of the body and improve its overall appearance. The specific mechanism of action and intended use of body contouring devices can vary depending on the type of device and the area of the body being treated. These devices are often used by medical professionals such as plastic surgeons, dermatologists, and cosmetic surgeons.
[564564]
Market Dynamics
The increasing demand for cosmetic procedures is a significant driver of the body contouring devices market. Patients are seeking procedures to improve their physical appearance, boost their self-confidence, and achieve a more youthful and healthier look. As more patients seek treatments that require less downtime, have fewer side effects, and offer natural-looking results, the demand for non-invasive and minimally invasive body contouring devices is increasing thus boosting the growth of the body contouring devices market. The continuous development and introduction of new and advanced technologies, such as laser-assisted lipolysis and radiofrequency, have improved treatment outcomes which are fueling the growth of the body contouring devices market. Moreover, the growing focus on health and wellness, including concerns over obesity and related health issues, has led to increased awareness of the availability and benefits of body contouring procedures. According to the report by the UN around 1 billion people worldwide are obese, including 650 million adults, 340 million adolescents, and 39 million children.
With the increasing disposable income, patients are more willing to spend money on cosmetic procedures, leading to a higher demand for body contouring devices. The use of multiple body contouring devices in combination with each other is becoming more popular, as it allows for more comprehensive and personalized treatment plans. This trend is expected to continue, further driving the growth of the body contouring devices market. However, the high cost related to body contouring devices is restricting the global body contouring devices market growth. The risk of complications associated with body contouring procedures such as infection, bleeding, or other complications is also hampering the body contouring devices market.
Market Ecosystem
The global body contouring devices market is analyzed from three perspectives: Type, Application, and Region.
Body Contouring Devices Market by Type
[6576454]
Based on the type, the global body contouring devices market is segmented into non-invasive & minimally invasive devices and invasive devices.
The non-invasive & minimally invasive devices segment dominated the body contouring devices market with the largest revenue share in 2021. The non-invasive & minimally invasive segment is further sub-segmented in radiofrequency body contouring devices, ultrasound body contouring devices, and laser-assisted body contouring devices. Noninvasive & minimally invasive procedures are generally less risky and have fewer side effects than traditional surgical procedures. This makes them a more attractive option for patients which is boosting segmental growth. The non-invasive & minimally invasive procedures typically involve less downtime and recovery time compared to traditional surgical procedures which are increasing the demand for noninvasive & minimally invasive procedures. Advancements in technology have made noninvasive and minimally invasive procedures more effective than ever before. For example, the use of laser technology and radiofrequency energy can effectively reduce fat and contour the body without the need for surgery which is propelling the segment growth.
Body Contouring Devices Market by Application
Based on the application, the global body contouring devices market is segmented into skin resurfacing, skin tightening, cellulite treatment, liposuction, and others.
The skin tightening segment accounted for a significant revenue share of the body contouring devices market in 2021. The rising geriatric population is increasing the demand for skin tightening procedures. According to the Aesthetic Society about 391,855 skin tightening procedures were performed in the U.S. in 2021. Skin tightening devices can also be used to reduce the appearance of cellulite, which is a common concern for many people, which is boosting segmental growth. Skin tightening devices and treatments are generally less invasive and require less downtime than traditional surgical procedures. This makes them a popular choice for people who want to improve their appearance without undergoing surgery. Advancements in technology have made skin tightening devices and treatments more effective than ever before. For example, radiofrequency energy, ultrasound, and laser technology can stimulate collagen production and tighten the skin without causing damage to surrounding tissues which is also propelling segmental growth.
Body Contouring Devices Market by Region
Geographically, the global body contouring devices market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
The North America region accounted for a significant market revenue share in 2021. There is a growing acceptance of cosmetic procedures in North America, as people become more interested in maintaining a youthful appearance and improving their overall body shape. This has led to an increase in the number of people seeking body contouring treatments. According to the American Society of Plastic Surgeons, approximately 15.6 Million cosmetic procedures were performed in the U.S. in 2020. Obesity is a major health concern in North America, with a significant percentage of the population being overweight or obese. This has led to an increase in the number of people seeking body contouring treatments to reduce excess fat and improve their body shape which is boosting regional growth. Moreover, Non-invasive and minimally invasive procedures are becoming increasingly popular among patients who want to avoid the risks and recovery time associated with invasive surgical procedures. This has led to a rise in the demand for non-surgical body countering devices in North America. Increasing disposable income is allowing more people to invest in aesthetic treatments, including body countering devices. This is driving growth in the market as more people are able to afford these treatments.
Competitive Landscape
The prominent players operating in the global body contouring devicesmarket are:
Strategic Developments
Advancements in technology, growing awareness, and preference for non-invasive and combination treatments, and the rise in medical tourism are some of the factors which are driving the global market.
The body contouring devices market was valued at US$ 1.5 billion in 2021.
Body contouring devices are medical devices designed to alter the shape of the body by removing excess fat and/or tightening loose or sagging skin. These devices are typically used in cosmetic and aesthetic treatments and are designed to help individuals achieve their desired body shape.
The prominent players operating in the global body contouring devices market are Cynosure, Inc., Allergan plc (AbbVie), Merz Pharma GmbH & Co. KGaA, Bausch Health Companies Inc., and Alma Lasers LTD. among others.
The non-invasive & minimally invasive devices segment dominated the global body contouring devices market.
*Insights on financial performance are subject to the availability of information in the public domain
Using the fundamental research and knowledge services capabilities of GRG Health, Growth Plus Reports may now be tailored based on client needs.
GRG Health's unique GrowthMIX strategy and comprehensive research methodology enable us to provide unique and valuable insights to our clients while uncovering trends that would not be discovered using traditional techniques.
Snehal Deshmukh
Principle Consultant
Speak to analyst