This market research report presents a detailed segmentation of the global body contouring market by method (non-invasive and minimally-invasive body contouring and invasive body contouring) and by geography (the Americas, APAC, and EMEA). The leading vendors in the market are Alma Lasers, Cynosure, Meridian, Syneron Medical, and Valeant.
The market research analysts at Technavio estimate the global body contouring devices market to grow at a CAGR of almost 9% between 2016 and 2020. The growing interest in cosmetic surgeries is the primary driver for the growth of this market. The presence of many improved techniques and the increase in the number of skilled medical professionals who provide aesthetic medicine are expected to propel the market further during the forecast period. At present, the Americas dominate the global body contouring devices market by accounting for over 49% of the overall market share. The awareness of the availability of body contouring procedures and people’s desire to enhance their physical appearance is expected to reflect positively on the market growth in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the body contouring segments by method.
“The latest trend in the market is the increasing use of body contouring procedures among men to enhance their physical appearance. The number of men in the UK opting for such procedures has almost doubled in the past decade. The rise in adoption of these procedures among men is a result of consciousness about their physical appearance and a high disposable income,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
In 2015, the global body contouring devices market was dominated by the non-invasive and minimally increasing body contouring segment, holding almost 68% of the overall market share. The primary reason for the growth of this market segment is low pain and cost involved in these procedures. The increasing focus on developing devices and solutions that are less invasive or minimally invasive to achieve low recovery time, reduced soreness in the treated area, cheaper cost, a smaller or no incision during the procedure, and better efficacy in fat reduction by various companies are expected to reflect positively on the growth of the non-invasive and minimally invasive body contouring devices market by end of the forecast period.
The key vendors in the global body contouring devices market include Alma Lasers, Cynosure, Meridian, Syneron Medical, and Valeant. This market is highly diversified with the presence of many global and local players. Growing awareness about body contouring procedures has increased growth opportunities for the market vendors across the globe, especially in the untapped APAC countries. The increase in R&D facilities and manufacturing plants will drive the global body contouring market in the coming years.
A more detailed analysis is available on the Technavio report, Global Body Contouring Devices Market 2016-2020.
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