Body contouring refers to the optimization of the shape of the human physique. The body contouring devices are used to treat conditions resulting in pockets of fat resistant to diet, exercise, cellulite and sagging skin from genetic predisposition, substantial weight loss and the natural aging process.
The global market of body contouring devices is expected to grow at a CAGR of 12%.With an estimated 15.1 million cosmetic surgery procedures, including both minimally-invasive and surgical, performed in the United States alone in 2013.
The U.S. held the largest market share of 35% of global body contouring devices market in 2013 and expected to grow at a rate of 10% in the forecast period (2014-2019). The US market holds the largest market share and is expected to remain so, in the forecast period as well. The US body contouring devices market is currently ruled by minimally invasive devices in contrary to Europe and Asia. This is due to the fact that many of the non-invasive devices which are approved for use in Europe and Asia are awaiting FDA approval in US.
Increased awareness of aesthetic procedures amongst general population is leading to the increased number of patients desiring body contouring surgery thereby creating a huge disparity between demand and accessibility, which in turn is driving the market of body contouring devices. Non-invasive devices category with accompanying benefits of less downtime, lower risk of complications, limited anaesthesia, cost-effectiveness and better efficacy in fat reduction, is the fastest growing category.
The report analyses the market of body contouring devices into 3 major segments, namely, non-invasive devices, minimally invasive devices and invasive devices. It is further segmented into major geographies, and current market trends.
Non-invasive devices comprise of radio frequency lipoplasty devices and high intensity focused ultrasound lipoplasty devices. Minimally invasive devices include laser assisted lipolysis devices and radio frequency assisted liposuction devices while ultrasound assisted liposuction devices are examples of invasive devices. Major players operating in this market are Cynosure, Meridian Co. Ltd., Syneron Medical Ltd., Lumenis, Alma Lasers, Ltd. and Palomar Medical Technologies.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The major players of body contouring devices market are Cynosure, Meridian Co. Ltd., Syneron Medical Ltd., Lumenis, Alma Lasers, Ltd. and Palomar Medical Technologies. The number of players in the body contouring market is increasing exponentially, leading to consequent competition, which in turn is expected to lead to reduction in prices thereby increasing affordability of procedures by patients.
The segment and region-specific company shares, news & deals, M&A, segment-specific pipeline products, product approvals, and product recalls of the major companies have been detailed in this report.
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|Published Date||:||Jul 2015|
|Publisher||:||Micro Market Monitor|
|Report Delivery By||:|
|Report Delivery Time||:||12 to 24 hours after placing the order.|
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