Global Body Contouring Devices Market Expected to Reach $3,446 Million by 2025
Body contouring devices have gained a substantial market share in recent years due to rise in obesity globally. In addition, surge in esthetic consciousness across the globe is another major factor that in turn has fueled the use of body contouring devices. Furthermore, untapped potential in the emerging markets in Asia-Pacific is anticipated to boost the market growth in the future.
Onkar Sumant
Assistant Manager, Healthcare Research at Allied Market Research
According to a new report published by Allied Market Research, titled,"Body Contouring Devices Market, by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global body contouring devices market was valued at $933 million in 2017 and is projected to reach $3,446 million in 2025, registering a CAGR of 17.7% from 2018 to 2025.
Body contouring is a process that performs non-surgical or surgical medical procedures to change the shape or size of the body via removal of stubborn fat or excessive flaccid skin. These surgeries are performed on body parts such as upper arms, chest, buttocks, and torso. The various body contouring devices present in the market include laser-assisted lipolysis devices, radio frequency assisted liposuction devices, radiofrequency devices, and others.
The factor that drives the growth of the body contouring devices market includes rise in obesity among people worldwide. In addition, surge in esthetic consciousness across the globe and advancements in the field of body contouring are some of the other factors that fuel the market growth. However, high cost associated with the procedures is expected to impede the growth of the market. Conversely, rise in medical tourism coupled with surge in adoption of body contouring and high market potential in untapped emerging economies is expected to provide lucrative opportunities for the growth of the global market during the forecast period.
The minimally invasive devices segment accounted for the largest market share in 2017 due to consistency and predictability in the outcomes of the procedures and increase in obesity across the globe. Furthermore, the non-invasive devices segment is expected to grow at the highest CAGR from 2018 to 2025 and is anticipated to remain dominant during the forecast period.
Based on application, skin tightening segment accounted for the largest market share in 2017 and is expected to register the highest growth rate during the forecast period.
Body contouring devices are in high demand in hospitals and clinics. However, the medical spa segment is expected to grow at a highest CAGR during the forecast period, due to increasing demand of medical spas across the globe.
Key findings of the Body Contouring Devices Market:
- The minimally invasive devices segment accounted for one-third share of the global body contouring devices market in 2017.
- The skin tightening segment is expected to grow at the highest CAGR from 2017 to 2025.
- The hospital & clinic segment accounted for around two-thirds share of the global body contouring devices market in 2017.
- Europe accounted for more than one-fourth share of the global market in 2017.
- Asia-Pacific is expected to provide lucrative growth opportunities from 2017 to 2025.
North America accounted the highest revenue share in 2017 and is expected to maintain its dominance during the forecast period. This is attributed to high purchasing power and easy availability of devices in this region. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to increase in affordability and rise in healthcare expenditure.
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Shaun Godinho
Communications Officer
Allied Market
Research
Contact Toll Free: +1-800-792-5285
Drop us an email
at
media@alliedmarketresearch.com
Body Contouring Devices Market by Product (Non-invasive Devices [Radiofrequency Devices, High-Intensity Focused Ultrasound (HIFU) Lipoplasty Devices, and Cryolipolytic Devices], Minimally Invasive Devices [Laser-Assisted Lipolysis Devices, Radio Frequency Assisted Liposuction Devices, and Others], and Invasive Devices [Ultrasonic Assisted Liposuction (UAL) Devices]), Application (Fat Reduction and Skin Tightening), and End User (Hospital & Clinic, Medical Spa, and Clinical Research Laboratory): Global Opportunity Analysis and Industry Forecast, 2017 - 2025
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
Targeted Market View
Targeted market view to provide pertinent information and save time of readers
Featured Readings
Get Fresh content delivered
Get insights on topics that matter to your business. Stay updated on the area that interests you.
Buy Full Version
"Global Body Contouring Devices Market"
Purchase Enquiry