Body Contouring Market -Market Share, Business Analysis, Explosive Growth Opportunities, Regional Analysis by Size 2020-2027

Body Contouring Market


Overview:

The global body contouring market is expected to witness a sharp growth during the forecast period of 2018 to 2023. Market Research Future (MTRFR) revealed that the market has several avenues to explore, which can boost its growth rate in the coming years.

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Market Drivers:

Better technologies and advanced surgeries are expected to play a prominent role in boosting the global market growth. The market is also getting backed by the rising number of obesity-related cases that can be addressed using these treatment procedures. People are quickly becoming aware of all the drawbacks they have and how a better health standard can help them maintain a normal lifestyle. With rising disposable income, the market is expected to gain better traction.

However, the recent COVID crisis has hit the market hard, and the global revenues are showing a bleak picture of the market in the first quarter. Imports of devices have been hit hard due to which growth would be hindered. In addition, production is also suffering.

Segmentation:

The global body contouring market has been segmented on the basis of the type of devices. Data fetched from this move gets ample backing from figures, graphs, and detailed study of factors.

By type of devices, the global market can be segmented into minimally invasive devices, invasive devices, & non-invasive devices. The non-Invasive devices include radio frequency lipoplasty devices and high intensity focused ultrasound lipoplasty devices. The minimally invasive devices comprise laser-assisted lipolysis devices and radiofrequency-assisted liposuction devices. The invasive devices segment includes ultrasound-assisted liposuction devices and others.

Competitive Landscape:

The global market for body contouring is benefiting from tactical implementations of companies like Cynosure (US), Alma Lasers (Israel), Meridian (Michigan), Lumenis (Israel), Syneron Medical (Israel), Valeant (Canada), Palomar Medical Technologies (US), Asclepion Laser Technologies (Germany), GlobalMed Technologies (US), Cutera (US), Fotona (Slovenia), Andrew Technologies (Canada), BTL Industries (US), Chromogenex (UK), GlobalMed Technologies (US), InMode (US), Human Med (Germany), Erchonia (US), Invasix Aesthetic Solutions (US), Wells Johnson Company (US), and others. Major moves often include mergers, innovations, branding, acquisitions, innovations, launching, and others. MRFR noted these details to understand the market impact in a proper way.

Regional Analysis:

The Americas is expected to drive the market ahead as the US and Canada are spending substantial amounts to back the regional market. Several market players are also operating from the region, which is an advantage for the American market. In Asia Pacific, the market will be backed by Japan and Australia in a prominent way where cosmetics investment is rising.

Industry News:

The COVID-19 impact changed the market equation for a lot of industries and the body contouring market is no exception. This is because countries have focused on only essential services and non-essential medical services have been sidelined. Also, hospitals are suffering from a lack of space owing to which the market is expected to face several problems. But the recent uplifting of lockdowns in countries and slow yet steady revival of normalcy are expected to bring back the market on its former self.

Cynosure, LLC. is a company that has made a remarkable impact on the body contouring market with its various devices. Among them, SculpSure is making significant waves. It is a device that works in a non-invasive way and cuts down stubborn fat to provide patients with much relief. The technology has been deemed as the best-in-class. This is also the world’s first non-invasive laser treatment that got approved by the FDA and the treatment can be customized.

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Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research  Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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