Non-invasive fat reduction: Key market research findings
- The Americas dominate the market geographically
- RF energy-based devices is one of the more popular devices
- Key vendors – Syneron Medical, ZELTIQ Aesthetics, Cynosure, and Solta Medical
Technavio’s market research analysts predict the global non-invasive fat reduction devices market to grow at a CAGR of more than 7% between 2016 and 2020. The growth of the market is driven by increasing preference for non-invasive cosmetic surgeries. Non-invasive methods offer various advantages such as lesser complications, faster outcomes, and avoidance of pain compared to traditional surgical or minimally-invasive fat reduction procedures. During 2015, the Americas accounted for more than 48% of the overall market share to become the dominant shareholder in the global non-invasive fat reduction devices market. Approvals of new products by the FDA, rise in consciousness about personal appearance, increase in disposable income, growing awareness of new technologies such as non-invasive fat reduction procedures, as well as an increase in the number of cosmetic surgeons in the region are some of the factors that will fuel the demand for non-invasive fat reduction devices market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the non-invasive fat reduction devices segments based on the technology.
“The availability of cost-effective high-quality healthcare treatments in developing countries is leading to an the influx of people from developed nations interested in availing healthcare services. People travel from the US, the Middle East, and other countries in Europe to Hungary, Mexico, India, and Malaysia for dental and other cosmetic treatments, as it leads to savings of about 55%-70% in terms of treatment expenses. India attracts more than one million cosmetic surgery patients every year due to the availability of services of renowned surgeons and its sophisticated healthcare facilities,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The radiofrequency (RF) energy-based devices used for reduction of fat work on the principle of collision of charged ions and molecules through the oscillation of electrical current, which generates heat. The heat helps in reducing fat through a process known as cell apoptosis. RF is one of the fastest and most popular technologies present in the market. Furthermore, the procedure is painless and is suitable for all types of patients.
The key vendors in the market include Syneron Medical, ZELTIQ Aesthetics, Cynosure, and Solta Medical. Though the global non-invasive fat reduction devices market is growing rapidly, it comprises a limited number of vendors. Vendors are adopting state-of-the-art research technologies and investing in infrastructure to develop new products. They are also focusing on expanding their operations through strategic collaborations with cosmetic clinics. Key vendors in the market include Cynosure, Solta Medical, ZELTIQ Aesthetics, and Syneron Medical.
A more detailed analysis is available in the Technavio report, Global Non-invasive Fat Reduction Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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