Press release
Body Contouring Devices Market Global Industry Size, Share, Growth, Analysis, Covid 19 Outlook, Forecast, 2025
Body Contouring Devices Market
Increase in obesity worldwide, rise in aesthetic consciousness, and advancements in the field of body contouring facilitate the growth in the market. However, high cost related to body contouring procedures restrains market growth. On the other hand, the increase in medical tourism and untapped potential in emerging economies create new opportunities.
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A surge in aesthetic consciousness along with increasing obesity among people worldwide drives the body contouring devices market growth. Furthermore, advancements in the field of body contouring supplement market growth. However, the higher cost associated with body contouring procedures is expected to hamper the global body contouring devices market growth. On the other hand, the rise in medical tourism and a surge in adoption of body contouring and high market potential in untapped emerging economies are anticipated to create lucrative opportunities in the near future.
Based on application type, the skin tightening segment held the highest market share in terms of revenue in 2017, contributing to nearly three-fifths of the total share. This segment is expected to continue its dominant share during the forecast period and grow at the highest CAGR of 18.3% from 2017–2025. This is due to the rise in obesity worldwide which leads to more patients opting for weight loss treatments resulting in loose skin.
End users analyzed in the research include hospitals & clinics, medical spas, and laboratories. Hospitals & clinics contributed to nearly two-thirds of the total market share in 2017 and will dominate throughout the forecast period, owing to the availability of certified staff & physicians. Geographically, Asia-Pacific is expected to grow at the highest growth rate, with a CAGR of 19.0% from 2018 to 2025, owing to rise in obesity in different countries of the region and surge in demand for body shaping devices among men in South Korea.
North America region contributed to almost two-fifths of the total share in 2017 in the body contouring devices market, owing to various factors such as rise in obese population and recent government approvals to various devices in the region. In addition, the rise in the aesthetic consciousness also serves as a growth factor. However, Asia-Pacific region is expected to continue its dominant share during the forecast period and is estimated to grow at the highest CAGR of 5.6% from 2017-2025, owing to the factors such as an increase in obesity in various countries of the region.
Leading market players analyzed in the report include Allergan plc, Bausch Health Companies Inc., Hologic, Inc., Shanghai Fosun Pharmaceutical Group Co., Ltd., Erchonia Corporation, MicroAire Surgical Instruments, LLC, Cutera, Inc., InMode Aesthetic Solutions, Sciton, Inc., and El.En. S.p.A. (Asclepion Laser Technologies GmbH).
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