Body Contouring Market: Industry Analysis, Opportunity and Forecast to 2027
Body Contouring Market 2022
Body contouring is a procedure involves in the alteration of the body part by improving the appearance. It refer to removal of the excess body fat. The various body contouring procedures available are body lift, bra line back lift, body fat transfer, implants and abdominal etching. Body lift is the most common method involving the excess skin and fat from thigh, abdomen and buttocks. Similarly body fat transfer is also carried out.
The global body contouring market is growing with the steady pace. The global body contouring market is expected to grow at a CAGR of ~9.8% during the forecast period 2017-2027. According to a recent study report published by the Market Research Future, The global body contouring market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027).
The market is expected grow with the same trends during the forecast period. The major drivers will be growing obese population around the globe has spurred the growth of the market. As per the research study, about 36% of North America total population is obese or 55% of total population is overweight or obese. Increasing prevalence of cardiovascular diseases like diabetes is also increase the possibility to cause obesity to diabetic patients. This is the major reason which has led to increase the market at a significant rate. Furthermore, adoption of fast food and lack of exercise and diseases like diabetes and other cardiovascular diseases led is responsible for increasing the excess fat of the body. Beside this technological advances and improved surgical treatment with increased success rate has provided fuel for the growth of the market. On the other hand, high cost of the surgery may restrain the growth of the market.
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Major Key Players:
Alma Lasers (Israel), Meridian (Michigan), Cynosure (US), Syneron Medical (Israel), Lumenis (Israel) and Palomar Medical Technologies (US). Other companied involved in the market are Valeant (Canada), GlobalMed Technologies (US), Asclepion Laser Technologies (Germany), Andrew Technologies (Canada), BTL Industries (US), Cutera (US), Fotona (Slovenia), GlobalMed Technologies (US), Chromogenex (UK), Human Med (Germany), InMode (US), Invasix Aesthetic Solutions (US), Erchonia (US),Wells Johnson Company (US) are some of the prominent players at the forefront of competition in the Global Body Contouring Market and are profiled in MRFR Analysis.
Competitive Analysis:
The market for body contouring device is characterised by the presence of several well-established and small players, the global market of body contouring appears to be getting competitive in this region due to high prevalence of the eye related diseases. Global players are increasingly expanding their footprint in the emerging nations, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to increase with time during the forecast period. Due to increasing prevalence of obesity across the globe many of the companies are in the race to introduce better treatment for obesity. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.
Companies like Syneron Candela got the FDA approval for their UltraShape Power, a product that uses pulsed mechanical ultrasound energy to target and destroy fat, offering measurable fat reduction to the abdominal area on June 2016. This will help the company to get an edge over other companies in terms of technology and applications.
Moreover, in April 2016, Energy-based medical device company Lumenis launched a product named SlimMe at the Aesthetics Conference and Exhibition (ACE) 2016. This product is a non-surgical procedure for body contouring and shaping which will help the company to increase their product line and customer base.
Furthermore, in 2017, CUTERA a leading provider of laser, light and other energy-based aesthetic systems worldwide launched a new product in body sculpturing segment truSculpt 3D. This truSculpt 3D is the newest advancement in non-surgical body sculpting, offering up to 24 percent fat reduction in a single treatment and will help the company to tap more customer base.
This particular market the companies are focussing on various FDA approvals and product launches as a key strategy, thereby presenting a potential opportunities in body contouring market.
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