Body Contouring Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Body Contouring Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Body Contouring Devices Market is poised to grow at a CAGR of 17% over the forecast period (2022-2027).

The COVID-19 outbreak had a significant impact on the body contouring market as hospital and healthcare services were significantly reduced due to social distancing measures taken by governments across the world. Moreover, the COVID-19 pandemic affected the global economy and showed a huge impact on the functioning of general hospital care for non-COVID-19 patients in hospitals globally. According to the American Society of Plastic Surgeons (ASPS) April 2021, revealed that COVID-19 caused them to halt performing elective surgical operations in 2020. Thus, a decrease in cosmetic procedures during the COVID-19 epidemic had a substantial impact on the industry under study.

The rise in prevalence and incidence of obesity around the world is the major factor that is boosting the growth of the global body contouring devices market. For instance, according to World Health Organization Report in March 2022, over 1 billion individuals, including 650 million adults, 340 million teenagers, and 39 million children, are obese worldwide. This figure is still rising. Additionally, 167 million adults and children will have worse health by 2025 as a result of being overweight or obese. Thus, increase in the obese population the demand for body contouring is expected to increase over the forecast period.

Furthermore, rising awareness about body contouring, increase in beauty consciousness, unhealthy lifestyles inclination toward body fitness, growing technological advancements, and growing adoption of aesthetic surgeries are the few other factors that are propelling the growth of global body contouring devices. The Plastic Surgery Statistics Report 2020, by the American Society of Plastic Surgeons, reported that in the year 2020 15.6 million people have undergone cosmetic procedures in the United States alone, among which 2.3 million were cosmetic surgical procedures and 13.2 million were cosmetic minimally-invasive procedures. On the other side, lack of awareness in developing and underdeveloped countries, and high costs associated with the treatment are the few factors that hamper the growth of the global body contouring market.

Thus, all aforementioned factors are expected to boost market growth over the forecast period. However, high cost of body contouring devices and a lack of awareness in many parts of the world.

Key Market TrendsSkin Tightening Segment is Expected to Hold a Major Share in the Medical Device Market

Skin tightening plays an important role in skin rejuvenation. The skin irregularities on the face and other parts of the body are majorly due to exposure to the sun, skin disorders, and sometimes hereditary. These include textural irregularities, like wrinkles and acne scars, and pigmentation changes, like freckles, sunspots, or visible blood vessels. In addition, the skin may lose tone, lose the healthy glow, and feel less firm which is evident in younger skin. Non-surgical skin tightening procedures work by using targeted energy to heat deeper layers of skin, which stimulates collagen and elastin production and gradually improves skin tone and texture. The most commonly used skin tightening technologies are Ultrasound skin tightening, Radiofrequency (RF) treatments, and intense pulsed light (IPL) with radiofrequency (RF).

Additionally, the introduction of technological advances and their uptake is projected to accelerate the market's growth. In June 2022, Luxury Aesthetics launched the non-invasive lifting and skin-tightening, anti-aging treatment. Ultherapy is the only non-surgical procedure the United States Food and Drug Administration cleared to lift skin on the neck, under the chin, and on the brow and specifically to improve the appearance of lines and wrinkles on the decollete. Additionally, in October 2020, Eufoton Medical Lasers launched skin tightening laser treatment Endolift in the United Kingdom. The device uses an optical fiber that is inserted under the skin without an incision to deliver laser energy directly to the subcutaneous layer. The energy initiates the remodeling of collagen and connective tissue in photobiomodulation, which aims to result in visible skin tightening.

Increasing product launches indicate that the technology is largely being accepted across major companies which are ultimately contributing to the rising growth of the segment

North America Expected to have Significant Market Share

North America holds the largest share in the body contouring devices market owing to the high population boom, high obesity prevalence, high inclination towards aesthetic surgeries, and high consumption of junk food which is a reason for causing obesity. A large number of obesity cases in the United States of America is expected to propel market growth over the forecast period. As per the article on Overweight and Obesity by the United States Centers for Disease Prevention and Control updated in May 2022, the National Health Statistics Reports 2021 indicated that the obesity prevalence had increased to 41.9% in 2020 from 30.5% in the year 2000. The article also stated that around 14.7 million children and adolescents were affected by obesity in the nation. This is likely to positively impact the market growth in the region.

However, growing minimally invasive procedure in the region supports the market expansion over the forecast period. Additionally, the American Society of Plastic Surgeons (ASPS) data updated in February 2022 reported that in 2020, a total of 13,281,235 cosmetic minimally invasive procedures were performed in the United States. Thus, the growing trend toward the adoption of the minimally invasive procedure in the region is expected to boost the demand for body contouring devices.

Furthermore, the product launches by the key market players are expected to boost the market growth. For instance, in July 2022, BTL, the authority in non-invasive body sculpting therapies launched of the new Edge Applicators. The device designed for better contour of the curvy areas of the body. Moreover, there has been increased shift toward the minimally-invasive procedures in the United States as they have less pain and time after the procedures. Hence, owing to the above-mentioned factors market is expected to grow exponentially

Competitive Landscape

The global body contouring market is moderately fragmented and competitive. Market players are focusing on advanced technologies and new product launches to increase their market share. Some of the players in the body contouring devices market are Hologic Inc., Candela Corporation, Bausch Health Companies Inc, Allergan Plc, and Leumenis Among Others

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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Minimally Invasive Body Contouring Procedures
4.2.2 Advancements In Device Technologies
4.3 Market Restraints
4.3.1 High Cost of Body Contouring Devices
4.3.2 Lack of Awareness in Many Parts of the World
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value – USD million)
5.1 By Product Type
5.1.1 Minimally Invasive and Non Invasive Devices Radiofrequency Body Contouring Devices Ultrasound Body Contouring Devices Laser Assisted Body Contouring Devices
5.1.2 Invasive Devices
5.2 By Application
5.2.1 Fat Reduction
5.2.2 Skin Tightening
5.2.3 Others
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Others
5.4 Geography
5.4.1 North America United States Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.4.4 Middle-East and Africa GCC South Africa Rest of Middle-Eastst and Africa
5.4.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Hologic Inc. (Cynosure)
6.1.2 AbbVie (Allergan Plc)
6.1.3 Candela Corporation
6.1.4 Boston scientific (Lumenis)
6.1.5 Bausch Health Companies Inc
6.1.6 Alma Lasers Ltd.
6.1.7 MicroAire Surgical Instruments, LLC
6.1.8 Nouvag AG
6.1.9 BTL Aesthetics
6.1.10 Merz Pharma Gmbh

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