Body Contouring Device Market size is estimated at $1.3 billion in 2019, projected to grow at CAGR of 7.2% during the forecast period 2020-2025. Body Contouring is a treatment that aims to reduce excess fat, leading to a more contoured body. It is advised only for the mild to moderate fat accumulation and not for the Obesity. They are used in tightening the lax skin, or to remove undesired fat from different parts of the body like, belly, waist, upper torso and others. These devices operate on various mechanisms, such as Radiofrequency, Cryolipolysis, Ultrasound based on High Intensity and others.
Rising cases of obesity around the world due to unhealthy lifestyles are fuelling this market. They are also expected to increase their demand by enhancing the safety and efficacy of these techniques, resulting in increased life expectancy. The initiatives pursued by major companies for product research and distribution, such as M&A and collaborations, are expected to push the market further in the coming years.
Body Contouring Devices Market Segment Analysis – By Application
The Application segment of Body Contouring Device Market has Fat Reduction and Skin Tightening. Skin tightening segment registers for the largest market share and is expected to grow at 6.8% CAGR due to their wide use in Body Contouring Device Market. Increased trend for physical appearance among the largest part of the population in the present days are fuelling the usage of the Body Contouring Device. Increase in the obesity case with unhealthy lifestyle in the western states is propelling the growth of the Body Contouring Device Market. Additionally on growing awareness about the body contouring is expanding the growth of the market. And also the advanced technologies like ultrasound cavitation, laser-lypolysis, infra-red technologies are facilitating the market growth.
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Body Contouring Devices Market Segment Analysis – By Geography
Based on Geography the global Body Contouring Device Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America dominant the market share with 29% in the year 2019 owing to the increased in the usage of the Body Contouring Device and China is the largest supplier of the Body Contouring Device. Asia-Pacific region is set to have the fastest growth during the forecast period 2020-2025, owing to the increase in demand of the Body Contouring Device due to rise in awareness towards the body contouring.
Body Contouring Devices Market Drivers
Increase in obesity cases due to unhealthy lifestyle is propelling the Body Contouring Device Market. It’s mainly seen the developed countries followed by the developing countries. Unhealthy food habits is rising the number of obesity cases in western countries. Poor or lack of body exercise is becoming the main reason for the growth of the Body Contouring Device Market.
Rise in Awareness of Body Contouring:
Rise in awareness of the Body Contouring is booming the market. People are feeling conscious about body weights and are trying to loose fat in a rapid method. People are focused on physical appearance which is wanting them to try out the quick method of reducing the undesired body fat so they have been opting for the Body Contouring Device technique which is the quick method to reduce body fat.
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Body Contouring Devices Market Challenges
Though people are willing to quick-fix themselves with Body Contouring yet they are back stepping due to the cost of the treatment.
Majority of the Body Contouring procedures include in making cutting, removing excess skin and suturing the region with fine stiches to prevent the scaring in the least visible areas of the region to be trimmed. Scarring is inevitable for such procedures. There are higher related risks than with normal cosmic surgery because of the large amount of skin is been removed during the contouring surgery is another major challenge for the market.
Growing preference of alternative way of fat loss:
Increase in preference of opting alternative methods for weight loss like yoga and fitness center is hindering the Body Contouring Devices Market. Growing awareness on obesity in women is also showing the slow growth in Body Contouring Device Market.
Body Contouring Device Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Body Contouring Device Market. In 2019, Body Contouring Device Market share is fragmented by the top ten players present in the market. Body Contouring Device Market top 10 companies are Bausch Health Companies Inc; Erchonia Corporation; Allergan plc; Shanghai Fosun Pharmaceutical Group CO; Cynosure; Cutera Inc; Sction Inc; MicroAire Surgical Instruments; Aaclepion Laser Technologies GmbH and Inmode Aesthetic Solutions
Acquisitions/ Product Launches
Allergan acquired ZELTIQ Aesthetic Inc.,that offers the cooling fat reduction therapy in April 2017. With this Acquisition the Allergan has included cooling therapy in its portfolio.
In April 2018, Alma Lasers has launched the Hands free Body Contouring Solution, Accentuate during the Anti-Aging Medicine World Congress (AMWC).
Geographically, North America Body Contouring Device Market accounted for the 29% revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand for Body Contouring Device as a treatment in this region. And Asia-Pacific is expected to be the fastest growing market during the forecast period 2020-2025.
The increasing trend of rapid-fix, particularly in the western countries has become the major growth-inducing drivers to this market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Body Contouring Device Market report.
Increase in obesity cases in different regions and increased in usage of the Body Contouring Device for its treatment are driving the market during the forecast period of 2020-2025.
Related Reports :
A. Non-Invasive Body Contouring Devices Market
B. Medical Aesthetic Devices Market
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