Body Contouring Devices and Procedures Market Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Body Contouring Devices and Procedures Market


The global body contouring devices and procedures market sizes is projected to reach US$ 5.12 billion and US$ 10.14 billion by 2026, from US$ 2.36 billion and US$ 6.5 billion respectively in 2020, at a CAGR of 11.8% (body contouring devices) and 7.7%(body procedures) during 2021-2026. Rising cases of obesity across the globe due to unhealthy lifestyle are anticipated to drive the global market.

Improved safety and efficacy of these techniques resulting in increased life expectancy are also expected to boost their demand. Initiatives, such as M&A and partnerships, undertaken by major companies for product research and distribution are expected drive the market further in the coming years.

Development of easy-to-use, cost-effective, and less painful devices is the major target for companies in this field. For instance, in April 2017, Allergan acquired ZELTIQ Aesthetic, Inc., which offers cooling fat reduction therapy. With this acquisition, Allergan added CoolSculpting system in their portfolio.

Entry of new products in developing region is likely to propel the market growth during the forecast period. For instance, in April 2018, Alma Lasers launched hands free body contouring solution, Accentuate, during Aesthetic & Anti-aging Medicine World Congress (AMWC) in Monaco.

Market Segmentation, Outlook & Viewpoint: Global Body Contouring Devices and Procedures Market

Body Contouring Devices Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Noninvasive & Minimally Invasive
  
Invasive

Body Contouring Procedures Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Nonsurgical Skin Resurfacing
  
Nonsurgical Skin Tightening
  
Cellulite Treatment
  
Liposuction
  
Others

Body Contouring Procedures End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Hospitals
  
Clinics and Spa Centers
  
Body Contouring Device

Key Players, Recent Developments & Regional Insights: Global Body Contouring Devices and Procedures Market

Based on type of device, the market has been segmented into noninvasive and minimally invasive devices and invasive devices. The noninvasive and minimally invasive segment accounted for the largest market share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to heavy investments by key companies for the development of advanced technologies and equipment. Enhanced safety, short downtimes, and cost-effectiveness of these devices is also augmenting the segment growth.

In December 2017, the CoolSculpting system received FDA approval. This system helps enhance the appearance of lax tissue in double chins. Broadening applications of the existing products are also expected to drive the market in coming years. Invasive body shaping is one of the most popular procedures in U.S. due to large target population base. However, the segment is expected to witness slower growth due to the advent of technologically advanced and noninvasive equipment.

Procedure Insights

Based on body contouring procedures, the market can be segmented into nonsurgical skin resurfacing, nonsurgical skin tightening, cellulite treatment, liposuction, and others. Other segment is expected to witness the highest growth during the forecast period as these are nonsurgical, do not require anesthesia, and take lesser time than other procedures.

Furthermore, availability of treatment in most clinics and hospitals and investments by major companies to introduce advanced treatments are likely to boost the market growth. These segment include Coolsculpting, liposonix, Vaser shape, laser assisted procedures. Noninvasive skin resurfacing held the largest market share in 2017 due to high demand from geriatric population.

End-use Insights

The clinics and spa centers segment accounted for the largest market share in 2017 and is expected to maintain dominance during the forecast period. This can be attributed to the availability of technologically advanced devices and reduced risks of hospital-acquired infections.

The segment is expected to witness lucrative growth in the coming years due to increasing number of clinics and dedicated cosmetic procedure centers. Rise in demand for noninvasive procedures, which can be done at clinics and spa centers, is another factor driving the segment.

Regional Insights

The global body contouring devices and procedures market is expected to register strong growth over the coming years. North America led the market in 2017 and accounted for around 36.00% of the global share. This can be attributed to the factors, such as quick adoption of technologically advanced products, high domestic income, and presence of major companies in the region. For instance, in January 2016, Merz launched Cellfina in U.S., an innovative system to treat cellulite.

Asia Pacific is expected to be the fastest-growing regional market during the forecast period on account of the introduction of advanced products, presence of large target population, and rising consumer disposable income levels. In 2016, Alma Lasers introduced FDA-approved aesthetic dermatology solutions in Nepal during SAARC AAD conference. The products of the company are marketed by Central Surgical Concern Pvt. Ltd., Kathmandu.
China, Japan, South Korea, and India are the major markets in the Asia Pacific region for body contouring. Latin America and MEA regions are expected to witness steady growth over the estimated period. Various strategies undertaken by key companies will boost the market growth in MEA. For instance, in February 2018, Lumenis launched a new website for EMEA aesthetic division. The website provides a complete view of the companys aesthetic division and all that company offers within EMEA region.

Body Contouring Devices and Procedures Market Share Insights

Some of the major companies in the global market are Cynosure, Inc.; Alma Lasers Ltd.; Allergan PLC; Syneron Medical Ltd.; Bausch Health Companies, Inc.; and Lumenis Ltd. M&A and partnerships are the key market strategies undertaken by most of these organizations to strengthen their global presence.

For instance, in March 2017, Hologic, Inc. acquired Cynosure, Inc. Furthermore, in September 2018, Candela Corporation acquired Ellipse, a Danish medical device company. An acquisition allowed Candela to strengthen footprint in Intense Pulsed Light (IPL) and laser-based technology areas.

Key Insights Covered: Global Body Contouring Devices and Procedures Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Body Contouring Devices and Procedures industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Body Contouring Devices and Procedures industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Body Contouring Devices and Procedures industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Body Contouring Devices and Procedures industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Body Contouring Devices and Procedures industry.

Research Methodology: Global Body Contouring Devices and Procedures Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other