New Trends of Body Contouring Devices and Procedures Market with Cynosure, Alma Lasers, Alleragan, Syneron Medical Ltd, Bausch Health Companies, etc | Outlook till 2023

Market Research Future (MRFR) Has Announced a new release on the Global Body Contouring Devices and Procedures Market. The report Covers Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

Body Contouring Devices and Procedures Market - Overview

Global Body Contouring Devices and Procedures Market held a market value of USD 2,103 million in 2017 and is projected to grow at a CAGR of 6.6% over the forecast period. In Body Contouring Devices and Procedures, body lift is the most common method involving the excess skin and fat from thigh, abdomen and buttocks. Similarly, body fat transfer is also carried out. The rising government funding’s for research, increasing patient population, and the on-going technological advancements in body contouring devices and procedures are some factors that are likely to propel the market growth during the assessment period.

According to the World Health Organization, the worldwide prevalence of obesity nearly tripled between 1975 and 2016. Moreover, the increasing research and development expenditure by the government as well as private sector is expected to fuel to the market growth.  

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On the other hand, the high cost of surgery with advanced technologies may hamper the market growth during the assessment period.

Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in strategic collaborations and acquisitions to strengthen their market position. For instance, in 2017, Hologic completed acquisition of Cynosure. Hologic, Inc., a leader in women's health, and Cynosure, Inc. a leader in medical aesthetics systems and technologies.

Top Players:

Some of the prominent players in the global body contouring devices and procedures market are Cynosure, Inc., Alma Lasers, Alleragan, Syneron Medical Ltd, Bausch Health Companies, Inc, Lumenis, Merz Pharma GmbH & Co., Palomar Medical Technologies Inc., Sound Surgical Technologies LLC., Zeltiq Aesthetics, Chromogenex Technologies LTD, UltraShape Ltd, Fotona, Misonix Inc., Medicis Pharmaceutical Corporation, Sientra Inc., Invasix Ltd, Erchonia Inc, Lutronic.

Regional Overview:

On regional basis, the Americas is anticipated to dominate the global body contouring devices and procedures market owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region.  Europe is expected to hold the second largest position in the global body contouring devices and procedures market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Asia Pacific has served an opportunity for developing body contouring market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like diabetes and obesity. The Middle East & Africa has the least share of the global body contouring devices and procedures market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

Segments:

The global body contouring devices and procedures market has been segmented into type, procedure, and end user. By type, the market has been segmented into non-invasive & minimally invasive devices and invasive devices. The non-invasive & minimally invasive devices segment is estimated to hold major market share in the global body contouring devices and procedures market due to the huge investments by major market players for the development of advanced technologies and equipment.

Based on procedure, the market has been segmented into non-surgical skin resurfacing, non-surgical skin tightening, cellulite treatment, liposuction, and others. The market, by end user, has been segmented into hospitals & clinics, research institutes & Organization, and others.

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This release was published on openPR.