Global Body Contouring Market 2018 - Cynosure, Meridian, Syneron Medical, Lumenis, Alma Lasers
This can be accredited to various factors such as rising cases of obesity, growing awareness about body contouring, increasing applications as well as technological advancements.
The latest report by IMARC Group, titled “Body Contouring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global body contouring market reached a value of US$ 5.7 Billion in 2017. Body contouring refers to a group of procedures which alter and contour the shape of body, generally after a significant weight loss. These procedures can be surgical which include arm lifts, breast lifts, stomach lifts, lower body lifts; or non-surgical such as ultrasound therapy, low-level laser therapy, cryolipolysis and suction massage. In the recent years, non-surgical procedures have gained popularity as consumers look for less painful, cost-effective and safer alternatives to get the desired body shape.
Highlights of the global body contouring market: https://www.imarcgroup.com/body-contouring-mark[...]
The growing trend of ‘quick-fix’, particularly in the western regions is one of the major growth-inducing drivers.
Clinical research organisations represent the largest end-use sector.
North America represents the largest market for body contouring.
One of the major factors catalysing the market growth is the heightened importance given to physical appearance amongst a large section of the population. This coupled with the escalating trend of ‘quick-fix’, particularly in the western regions, is propelling the growth of the global body contouring market. Additionally, increasing cases of obesity and growing awareness about body contouring is broadening the growth prospects of the market. Moreover, the advancements in the technology, such as ultrasound cavitation, mesotherapy, infra-red technology, laser-lypolysis, radio-frequency therapy, dynamic pulse control (DPC) and intense pulse light (IPL), have facilitated the market growth. As a result, the global body contouring market is further expected to reach a value of US$ 8.6 Billion, exhibiting a CAGR of 7% during 2018-2023.
On the basis of invasiveness, non-invasive devices currently exhibit a clear dominance in the market, followed by minimally invasive and invasive devices. Based on end-use sector, clinical research organisations represent the largest end-use sector of body contouring on account of continuous technological developments. It is followed by hospitals, medical spas and clinics. Region-wise, North America currently accounts for the majority of the total global share. This is due to the wide availability of facilities for the procedures and a large consumer-base. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa. The competitive landscape of the market has also been analysed with some of the key players operating in the market being Cynosure, Meridian, Syneron Medical Ltd., Lumenis, and Alma Lasers.
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The report by IMARC Group has examined the global body contouring market on the basis of:
Clinical Research Organizations
Middle East and Africa
Syneron Medical Ltd.
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