USD 1.18 billion
Report ID:
SQSG35B2021 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
63
|Figures:
75
Body Contouring Devices Market size was valued at USD 1.18 billion in 2019 and is poised to grow from USD 1.35 billion in 2023 to USD 3.35 billion by 2031, growing at a CAGR of 14.3% in the forecast period (2024-2031).
However, the COVID-19 pandemic's arrival has had a significant impact on the aesthetics industry as a whole. However, a lot of aestheticians think that the epidemic may help the market for body sculpting tools develop. The American Society of Plastic Surgeons claims that the pandemic increased people's acceptance of cosmetic surgery. In a study of more than 1,000 women, the group found that 11% of the respondents are now more likely and interested in nonsurgical procedures than they were before the epidemic.
The market for body contouring devices is expected to be driven by the rising number of obesity cases around the world as a result of unhealthy lifestyles. The demand for these treatments is also expected to expand as a result of improved safety and efficacy of these techniques that increase life expectancy. In the upcoming years, the market is expected to grow due to initiatives taken by major companies for product distribution and research, such as M&A, new product launches, and partnerships.
The noninvasive and minimally invasive devices market in North America is expected to grow at a CAGR of 14.4% from 2021 to 2028. Non-Invasive fat reduction, also known as nonsurgical fat reduction, refers to minimally invasive procedures that eliminate intractable subcutaneous fat deposits. Growing demand for body contouring treatments, which are noninvasive and require no recovery time afterward, is one of the main drivers fueling the market's expansion. The non-invasive body contouring laser SculpSure, created by Cynosure, Inc., targets and eliminates about 24% of unwanted fat cells in 25 minutes.
The WHO estimates that obesity is a global epidemic that has tripled since 1975 and that 30% of people worldwide are obese at this time. Sedentary behaviour is a significant underlying factor in obesity, illness, and disability. All developed and developing nations have high levels of physical inactivity. Increased urbanisation has made a significant contribution to the rise in sedentary behaviour, which has in turn increased the prevalence of obesity worldwide.
The global aesthetic and beauty market had been impacted by the COVID-19 pandemic. The pandemic had a significant impact on both invasive and noninvasive aesthetic procedures, including the body contouring industry. In the first half of 2021, operations like non-invasive fat removal, injection lipolysis, invasive liposuction, soft tissue fillers, facelifts, eye lifts, eyelid surgeries, laser skin resurfacing, rhinoplasty, and tummy tucks saw a 20% decline.
US Body Contouring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.18 billion
Largest Segment
Invasive Devices
Fastest Growth
Invasive Devices
Growth Rate
14.3% CAGR
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Global Body Contouring Devices Market is segmented based on Product, Application, End Use, and Region. Based on Product the market is further sub segmented into Noninvasive and Minimally Invasive Devices, Invasive Devices. Based on Application the market is further sub segmented into Non Surgical Skin Resurfacing, Non Surgical Skin Tightening, Cellulite Treatment, Liposuction. Based on Region, the market is further sub segmented into North America, Europe, Asia Pacific, South America, and MEA.
Body Contouring Devices Market Analysis by Type
In 2021, the segment of noninvasive and minimally invasive devices retained the largest market share (76.7%), dominating the body contouring device market. Throughout the forecast period, the segment is expected to continue to rule. Numerous products entering the market, investments made by market participants, and a strong demand for minimally invasive and noninvasive procedures because of their safety and affordability are some of the factors contributing to their dominance.
Liposuction or lipolysis, an invasive body contouring technique, has continued to be one of the most well-liked and in-demand plastic surgery procedures for body contouring. It is especially successful in removing fat from the legs, abdomen, back, arms, face, and neck. With a 270,670 procedural volume in 2021, the American Society of Plastic Surgeons (ASPS) reports that liposuction was the second-most performed treatment in the US, after breast augmentation.
Given that it can remove up to 5 litres (11 pounds) of fat, liposuction is one of the most efficient methods for getting rid of body fat. However, the demand for liposuction has seen a little reduction due to the development of minimally invasive procedures that are affordable and produce the same outcomes. Healthline claims that because the technique necessitates surgical intervention, it may be more expensive than similar procedures, which could limit market expansion.
Body Contouring Devices Market Analysis by Application
With a 34.0% revenue share in 2021, the other application category dominated the market for body contouring devices. Throughout the projected period, the market sector is expected to expand quickly. This can be ascribed to the operations' inexpensive cost in comparison to invasive procedures and their minimum invasiveness and noninvasiveness. Gastric band and injectable body contouring are included in the other portion. Kybella therapy injections, which are FDA-approved, can be used for injectable body contouring. Deoxycholic acid, which the body naturally produces to target fat cells, is included in this injection. After receiving 3 to 6 injections per month of Kybella, fat cells are broken down and absorbed by the body.
A CAGR of 15.0% is expected for the non-surgical skin tightening market sector throughout the forecast period. This is because as we get older, our bodies produce more collagen and less elastin, which makes fine wrinkles and dull, sagging skin develop. By applying laser or ultrasound energy to the target area, non-invasive skin tightening tools like Thermage, Ulthera, and Pelleve help to stimulate the formation of collagen and elastin, gradually improving the texture and tone of the skin.
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In 2021, North America held the greatest revenue share of 35.8% in the global market for body contouring devices. Throughout the forecast period, the segment is expected to display a considerable CAGR. This is attributable to a growing elderly population, a robust healthcare system, clear reimbursement guidelines, the presence of significant market participants, and improvements in aesthetic body reshaping operations. Additionally, factors like high acceptance and openness toward body contouring treatments and a rising pool of consumers who are concerned with their looks are projected to drive the noninvasive body contouring market in North America.
Over the projected period, the body contouring device market in APAC is expected to see the highest CAGR of 15.6%. Asian nations with developing economies, including China, Japan, and India, have created healthcare infrastructure and facilities and are increasingly more focused on leading through R&D efforts. Asia has long been known as a centre for aesthetic operations. The market for body contouring devices in the APAC region is driven by the large number of fat reduction procedures performed annually in nations like China, South Korea, and Japan, cost-effective and high-quality treatment, increasing disposable income, and growing obese and geriatric populations.
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Body Contouring Devices Market Driver
Body Contouring Devices Market Restraint
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Many of these firms are quickly choosing to expand geographically, collaborate strategically, and form alliances through mergers and acquisitions in developing and prosperous regions. Evolve Tone was certified by Health Canada and given to InMode Ltd. in June 2021. With this approval, Evolve platform will become Canada's only three distinct body remodelling technologies Tite, Trim, and Tone all in one hands-free device. The following are a few of the leading companies in the body-contouring device market.
Body Contouring Devices Market Top Player’s Company Profiles
Body Contouring Devices Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the Noninvasive and Minimally Invasive Devices segment dominated the global Body Contouring Devices Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the global Body Contouring Devices Market owing to the region's highly aware and economically stable population.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 1.18 billion |
Market size value in 2031 | USD 3.35 billion |
Growth Rate | 14.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Body Contouring Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Body Contouring Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Body Contouring Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Body Contouring Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
The body contouring devices market is expected to grow at a compound annual growth rate of 14.3% from 2023 to 2031.
The FDA has not cleared any dermal filler, including silicone, for injection in body contouring procedures.
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Report ID: SQSG35B2021
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