Body Contouring Devices Market
Number of pages: 100 | Report Format: PDF | Published date: February 23, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 1.5 billion |
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Revenue Forecast in 2030 |
US$ 4.80 billion |
|
CAGR |
13.8% |
|
Base Year for Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Type, Application, and Region |
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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.
Body Contouring Devices Market Fundamentals
The body contouring devices market is driven by a growing demand for cosmetic procedures and increase in people’s desire to improve their 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 fueling revenue growth in the market. The market is also growing due to factors such as favorable 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 next few years due to advancements in technology, growth in awareness about and rise in preference for non-invasive and combination treatments, and the expansion of the medical tourism industry.
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.
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Body Contouring Devices 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 revenue 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. These factors are fueling revenue growth in 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 a 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 revenue growth of the body contouring devices market.
However, the high cost related to body contouring devices is restricting the global body contouring devices market revenue 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 development.
Body Contouring Devices Market Ecosystem
The global body contouring devices market is analyzed from three perspectives: type, application, and region.
Body Contouring Devices Market by Type
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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. Non-invasive & 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, boosting revenue growth in the segment. The non-invasive & minimally invasive procedures typically involve less downtime and recovery time compared to traditional surgical procedures. These advantages are increasing the demand for non-invasive & minimally invasive procedures. Advancements in technology have made non-invasive and minimally invasive procedures more effective than ever before. For instance, the usage of laser technology and radiofrequency energy can effectively reduce fat and contour the body without the need for surgery, propelling the segment revenue 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. 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 instance, radiofrequency energy, ultrasound, and laser technology can stimulate collagen production and tighten the skin without causing damage to surrounding tissues.
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.
North America accounted for a significant market revenue share in 2021. The acceptance of cosmetic procedures is rising 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. 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. Improving disposable income is allowing more people to invest in aesthetic treatments, including body countering devices.
Body Contouring Devices Market Competitive Landscape
The prominent players operating in the global body contouring devices market are:
Body Contouring Devices Market Strategic Developments
Advancements in technology, growing awareness and preference for non-invasive and combination treatments, and a rise in medical tourism are driving global market revenue growth.
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.
Cynosure, Inc., Allergan plc (AbbVie), Merz Pharma GmbH & Co. KGaA, Bausch Health Companies Inc., and Alma Lasers LTD. are among the top market players.
The non-invasive & minimally invasive devices segment dominates the global body contouring devices market.
*Insights on financial performance are subject to the availability of information in the public domain