Published Date: 18-Nov-2021
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According to a new report Global Body Contouring Devices Market, published by KBV research, The Global Body Contouring Devices Market size is expected to reach $8.4 billion by 2027, rising at a market growth of 16.1% CAGR during the forecast period.
The non-invasive & minimally invasive devices segment acquired the highest revenue share in the market in 2020 and is estimated to continue this trend over the forecast period. Factors such as the introduction of numerous products, increasing investment by key players, and growing demand for non-invasive & minimally invasive procedures owing to the cost-effective and safe nature of these procedures are responsible for the growth of segment.
The non-surgical skin tightening segment is anticipated to showcase a substantial growth rate over the forecast period. It is due to the fact that, with age, collagen rises, and elastin production in the body reduces, hence creating the appearance having fine lines with dull & sagging skin. Additionally, noninvasive tightening devices such as Ulthera, Thermage, and Pelleve help in stimulating collagen & elastin production by stimulating laser or ultrasound energy in that specific area that slowly enhances the skin's texture & tone.
North America emerged as the leading region in the body contouring market by obtaining the highest revenue share in 2020. This region would showcase a promising growth rate over the forecast period. Factors such as growing geriatric population, well-structured reimbursement policies, robust medical infrastructure, the prevalence of key market players, and advancement in aesthetic body contouring procedures are acting as catalysts for the growth of regional market. In addition, some of the key trends of the market include the high acceptance and openness towards body contouring treatments, and increasing appearance-consciousness among customers.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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