The net worth of the overall market is expected to rise at a CAGR of 6.9% to USD 11.1 Billion by 2032, supported by:
The global body contouring market is expected to be driven by the increasing number of obesity cases in developed economies and throughout the world as a result of poor lifestyle choices. The requirement for body contouring treatments is also anticipated to grow as a consequence of the increased safety and efficacy associated with these techniques that increase the life expectancy and overall health of the receiver.
The market under study experienced a major setback during the Covid-19 pandemic as all the medical facilities, and healthcare systems were dedicated to fighting the virus. However, according to The International Society of Aesthetic Plastic Surgery, by the end of the year 2021, the desire and demand for cosmetic procedures like body contouring had dramatically grown and had surpassed pre-pandemic levels.
| Report Attributes | Details |
|---|---|
| CAGR (2022 to 2032) | 6.9% |
| Value (2022) | USD7.3 Billion |
| Value (2032) | USD11.1 Billion |
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WHO estimates that the prevalence of obesity has quadrupled since 1975 and that roughly 30% of people worldwide are obese at this time, which can be translated as a huge opportunity for market players in this domain. In light of this context can be explained the expansion of the popularity of cavitation body sculpting beyond the traditionally dominating regions of North America and Western Europe.
Increased urbanization in Asia Pacific countries has made a significant contribution to the rise in sedentary behaviour, which has, in turn, increased the incidence of obesity in this geographical region. As per the body contouring market analysis report released by FMI, the demand for this treatment is expected to rise at the fastest rate in the Asia Pacific region in support of the strengthening of the healthcare infrastructure.
In the upcoming years, the market is anticipated to grow due to initiatives done by key firms for product distribution and research, such as M&A, new method discoveries, and minimization of side effects. By contributing almost 21% of the market revenue in 2021, the non-surgical skin tightening treatment sector had a sizable market share and is anticipated to expand quickly over the coming years.
Along with this development of improved methods as per the emerging trends in the body, the contouring market is anticipated to further boost the acceptance of the treatment. For example, Evolve Tone was certified by Health Canada and given to InMode Ltd. in June 2020.
With this approval, Evolve's platform became Canada's first three distinct body remodeling technology facilities -& Tight, Trim, and Tone - an all-in-one hands-free device.
Additionally, the popularity of body contouring procedures is growing as a result of technological developments like ultrasound cavitation, infrared technology, radiofrequency therapy, mesotherapy, laser lipolysis, dynamic pulse control (DPC), as well as intense pulse light (IPL) techniques. Other than that, the Rising disposable incomes and the support of national governments to promote the medical tourism sector can be regarded as some of the other factors substantially accelerating the market expansion to certain degrees.
Minimally-invasive body contouring methods are expected to show lucrative growth in the body contouring market in the future since the cost of the treatment is less compared to the non-invasive methods for body contouring. By end-users, hospitals may show high revenue for the body contouring market, since the number of people visiting the hospitals is more for body surgery and fat removal.
Apart from this, the growing awareness of individuals concerning cosmetic body surgery might facilitate to propel the expansion of the body contouring market.
Technological advancement within the cosmetic field might cause the body contouring market. individuals like different ways for fat loss like yoga & fitness centers.
Minimum side effects and minimal pain after the surgical treatment are the 2 major factors behind the growth of non-invasive body contouring techniques.
This situation might restrain the expansion of the body contouring market. Awareness concerning blubber among the ladies’ population might show slower growth within the body contouring market.
Among the regional presence, North America is the lucrative region for the body contouring market, followed by Europe. As a result of advances in body contouring technology, North America contributes to being the top revenue-generating segment.
North America and Europe collectively account for a substantial revenue share in the body contouring market, due to the high rate of cosmetic surgery in these regions. The Middle East and Africa are expected to account for being the least lucrative market for body contouring market due to the lack of research funding in this area.
Over the forecast period, the Asia Pacific region is expected to expand the production of cost-effective yet advanced minimal, and less invasive body contouring methods. China in the APAC region will show considerable growth in the body contouring market.
Market players are specializing in advanced technologies and new product launches to expand their market share.
North America and Europe are the top two markets for body contouring devices due to high population growth, obesity prevalence, the high demand for aesthetic surgery, and the high consumption of junk food that can lead to obesity. There were 56,018 body contouring procedures performed in the United States after massive weight loss, based on a report by the American Society of Plastic Surgeons for 2018. The same report covers 258,558 liposuction procedures performed in the US, a trend that may positively impact market growth in this region.
Examples of some of the market participants in body contouring market identified across the value chain include GlobalMed Technologies, Chromogenex, Human Med., Wells Johnson Company, Invasix Aesthetic Solutions, Erchonia, Fotona, Cutera, BTL Industries,Meridian, Palomar Medical Technologies and others.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 6.9% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2020 to 2028 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Invasiveness, End-User, & Region |
| Regional scope | North America (USA, Canada); Latin America (Mexico. Brazil); Europe (Germany, Italy, France, UK, Spain, Russia); East Asia (China, Japan, South Korea); South Asia (India, ASEAN); Oceania (Australia, New Zealand); Middle East and Africa (GCC Countries, South Africa, Northern Africa) |
| Country scope | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Russia, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC Countries, South Africa, Northern Africa. |
| Key companies profiled | GlobalMed Technologies; Chromogenex; Human Med.; Wells Johnson Company; Invasix Aesthetic Solutions; Erchonia; Fotona; Cutera; BTL Industries; Meridian; Palomar Medical Technologies and others. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The body contouring market is expected to record a CAGR of 5.5% during the forecast period 2022-2032, up from USD 2.43 Billion in the year 2022 to reach a valuation of USD 3.17 Billion by 2032.
Key players holding substantial market share include GlobalMed Technologies, Chromogenex, Human Med., Wells Johnson Company, Invasix Aesthetic Solutions, Erchonia, Fotona, Cutera, BTL Industries,Meridian, Palomar Medical Technologies and others.
As per the analysis, the body contouring market share is likely to be USD 11.1 Billion by 2032.
Demand for body contouring is likely to rise due the rise in technological advancement as invasive, and non-invasive body contouring techniques gain a majority of revenue in the body contouring market.
Body Contouring Market
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