Body Contouring Devices Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2030

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Body Contouring Devices Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2030

Status : February, 2023 | Medical Devices

Report Digest

Body Contouring Devices Market: Overview

The body contouring devices market has been anticipated to experience significant growth avenues in the forthcoming years. This increasing market growth is on the back of rising cases of obesity around the world because of unhealthy lifestyles. Further, improved efficacy and safety of the techniques result in an increased life expectancy. Owing to these factors, the body contouring devices market has been predicted to experience demand opportunities during the forecast period.

The sudden outbreak of the COVID-19 has put adverse impacts on the overall aesthetic market around the world. But various aesthetic professionals are in the belief that the pandemic may propel growth opportunities in the body contouring devices market. There has been a significant rise in the acceptance of cosmetic procedures during and after the pandemic. The women are also more interested and inclined in different nonsurgical procedures compared to the time before the pandemic. Thus, these factors are estimated to stimulate the growth prospects in the market in the upcoming years.

Body Contouring Devices Market: Key Trends

The body contouring devices market has been bifurcated on the basis of type, region, and application. On the basis of type, the market has been segmented into invasive devices and noninvasive and minimally invasive devices. Between these two, the noninvasive and minimally invasive devices segment has been predicted to experience significant growth opportunities in the forthcoming years. North America region is likely to serve as the dominating region in this market segment. In nonsurgical fat reduction treatments, this is used to break the stubborn subcutaneous fat pockets. Increasing demand for the body contouring treatment has been stimulating growth impetus in this market segment.

A sedentary lifestyle has been a major cause of disability, disease, and obesity among people around the world. The levels of physical inactivity have been high in developing and developed countries. Further, increasing urbanization has also contributed to an increase in the sedentary lifestyle that is likely to boost obesity among people. Owing to these factors, the body contouring devices market has been estimated to experience growth opportunities.

Body Contouring Devices Market: Competitive Dynamics and Key Developments

The key players operating in the body contouring devices market have been adopting different strategies to boost growth prospects in the upcoming years. Strategic collaborations, geographical expansion, product approvals, mergers, acquisitions, partnerships, and novel product launches are used by the key companies to generate expansion avenues in the market.

For instance, InMode Ltd. has received the Health Canada certificate of the Evolve Tone in June 2020. This certificate will enable Evolve platform as the only all-in-one hands-free device in Canada that consists of three unique techniques of body remodeling. These techniques include Tone, Trim, and Tite.

Some prominent players in the global body contouring devices market include:

  • Lumenis
  • Sciton Inc.
  • Sofwave Medical Ltd.
  • Fotona
  • InMode Ltd.
  • Lutronic Corporation
  • Candela Medical Ltd.
  • MerzPharmaGmbh
  • Allergan Plc
  • Alma Lasers
  • Cynosure, Inc.

Body Contouring Devices Market: Regional Assessment 

The body contouring devices market is spread across various geographical locations around the world including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these, the North America region has been expected to dominate in the market during the forecast period. This market growth has been attributed to the increasing rate of the geriatric population, advancement in the procedure for aesthetic body contouring, and the existence of the major market players. Further, well-established reimbursement policies, strong medical infrastructure are also some of the prominent factors to drive growth opportunities in the market.

The Asia Pacific region has been expected to experience growth impetus owing to the emerging economies, well-developed healthcare facilities and infrastructure, and increasing R &D activities. Further, Asian countries are well-known for being the hub of aesthetic procedures.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?