Asia Pacific Body Contouring Devices Market By Application (Liposuction, Nonsurgical skin tightening, Nonsurgical skin Resurfacing, Cellulite treatment, and Other Applications), By Type (Noninvasive & Minimally Invasive Devices and Invasive Devices), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Body Contouring Devices Market would witness market growth of 17.7% CAGR during the forecast period (2021-2027).
The increasing population of obese people, growing awareness among people, and more availability of body contouring devices are among the key factors fueling the growth of the body contouring devices market. In addition, the rising trend of getting an enhanced physical appearance is also augmenting the demand for body contouring devices. Additionally, factors such as several ongoing technological enhancements and the increasing requirement for innovative products to fulfill the ever-increasing demand for aesthetical enhancement processes like skin tightening, excess skin removal, and liposuction are anticipated to accelerate the growth of the body contouring devices market during the forecast period.
As people are increasingly moving to aesthetic procedures like body contouring, the demand for non-invasive processes has replaced the invasive surgery options since the risks associated with non-invasive treatments are very low. Along with that, non-invasive procedures are becoming more popular through social platforms. Some of the major reasons behind diabetes and obesity are sedentary lifestyle, alcohol consumption, physical inactivity, and rigorous working hours, which would create lucrative opportunities for the key market vendors.
The increasing disposable income of the customers across various emerging nations of this region is among the key factors augmenting the growth of the regional body contouring devices over the forecast period. In addition, the growing number of obese people in this region and the increasing consciousness among the people regarding their body appearance are also supporting the regional market growth.
However, the high cost attached to these procedures is restricting people from opting for them and thus, hampering the growth of the market. Also, the unavailability of technically advanced equipment and skilled professionals to carry out these procedures is estimated to hinder the growth of the regional market during the forecast period. Though, the rising popularity of cosmetic surgeries is also fueling the growth of the regional body contouring devices market.
The China market dominated the Asia Pacific Invasive Devices Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $134.9 million by 2027. The India market is poised to grow at a CAGR of 19.7% during (2021 - 2027). Additionally, The Japan market is exhibiting a CAGR of 19.7% during (2021 - 2027).
Based on Application, the market is segmented into Liposuction, Nonsurgical skin tightening, Nonsurgical skin Resurfacing, Cellulite treatment, and Other Applications. Based on Type, the market is segmented into Noninvasive & Minimally Invasive Devices and Invasive Devices. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allergan PLC (AbbVie), Bausch Health Companies, Inc., Cutera, Inc., Alma Lasers Ltd. (Sisram Medical Ltd.), InMode Ltd., Candela Medical Corporation, Sciton, Inc., Lumenis Ltd., Cynosure, LLC, and Lutronic Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Nonsurgical skin tightening
- Nonsurgical skin Resurfacing
- Cellulite treatment
- Other Applications
- Noninvasive & Minimally Invasive Devices
- Invasive Devices
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Allergan PLC (AbbVie)
- Bausch Health Companies, Inc.
- Cutera, Inc.
- Alma Lasers Ltd. (Sisram Medical Ltd.)
- InMode Ltd.
- Candela Medical Corporation
- Sciton, Inc.
- Lumenis Ltd.
- Cynosure, LLC
- Lutronic Corporation
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