Body Contouring Devices and Procedures Market Analysis Report By Device Type, By Procedure Type (Cellulite Treatment, Liposuction), By End Use, And Segment Forecasts, 2018 - 2025

Industry Insights

The global body contouring devices and procedures market sizes were respectively valued at USD 1.6 billion and USD 5.2 billion in 2017, registering a respective CAGR of 13.8% and 7.7% over the forecast period. Rising cases of obesity across the globe due to unhealthy lifestyle are anticipated to drive the global market.

Improved safety and efficacy of these techniques resulting in increased life expectancy are also expected to boost their demand. Initiatives, such as M&A and partnerships, undertaken by major companies for product research and distribution are expected to drive the market further in the coming years.

Development of easy-to-use, cost-effective, and less painful devices is the major target for companies in this field. For instance, in April 2017, Allergan acquired ZELTIQ Aesthetic, Inc., which offers cooling fat reduction therapy. With this acquisition, Allergan added CoolSculpting system in its portfolio.

Entry of new products in the developing regions is likely to propel the market growth during the forecast period. For instance, in April 2018, Alma Lasers launched a hands-free body contouring solution, Accentuate, during the Aesthetic & Anti-aging Medicine World Congress (AMWC) in Monaco.

Device Type Insights

Based on type of device, the market has been segmented into noninvasive and minimally invasive devices and invasive devices. The noninvasive and minimally invasive segment accounted for the largest market share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to heavy investments by key companies for the development of advanced technologies and equipment. Enhanced safety, short downtime, and cost-effectiveness of these devices are also augmenting the segment growth.

In December 2017, the CoolSculpting system received FDA approval. This system helps enhance the appearance of lax tissue in double chins. Broadening applications of the existing products are also expected to drive the market in the coming years. Invasive body shaping is one of the most popular procedures in the U.S. due to the large target population base. However, the segment is expected to witness slower growth due to the advent of technologically advanced and noninvasive equipment.

Procedure Type Insights

Based on body contouring procedures, the market can be segmented into nonsurgical skin resurfacing, nonsurgical skin tightening, cellulite treatment, liposuction, and others. Other segment is expected to witness the highest growth during the forecast period as these are nonsurgical, do not require anesthesia, and take lesser time than other procedures.

Furthermore, the availability of treatment in most clinics and hospitals and investments by major companies to introduce advanced treatments are likely to boost the market growth. These segments include Coolsculpting, liposonix, Vaser shape, laser-assisted procedures. Noninvasive skin resurfacing held the largest market share in 2017 due to the high demand from the geriatric population.

End-use Insights

The clinics and spa centers segment accounted for the largest market share in 2017 and is expected to maintain dominance during the forecast period. This can be attributed to the availability of technologically advanced devices and reduced risks of hospital-acquired infections.

The segment is expected to witness lucrative growth in the coming years due to an increasing number of clinics and dedicated cosmetic procedure centers. Rise in demand for noninvasive procedures, which can be done at clinics and spa centers, is another factor driving the segment.

Regional Insights

The global body contouring devices and procedures market is expected to register strong growth over the coming years. North America led the market in 2017 and accounted for around 36.00% of the global share. This can be attributed to the factors, such as the quick adoption of technologically advanced products, high domestic income, and the presence of major companies in the region. For instance, in January 2016, Merz launched Cellfina in the U.S., an innovative system to treat cellulite.

Asia Pacific is expected to be the fastest-growing regional market during the forecast period on account of the introduction of advanced products, the presence of a large target population, and rising consumer disposable income levels. In 2016, Alma Lasers introduced FDA-approved aesthetic dermatology solutions in Nepal during the SAARC AAD conference. The products of the company are marketed by Central Surgical Concern Pvt. Ltd., Kathmandu.

China, Japan, South Korea, and India are the major markets in the Asia Pacific region for body contouring. Latin America and MEA regions are expected to witness steady growth over the estimated period. Various strategies undertaken by key companies will boost the market growth in MEA. For instance, in February 2018, Lumenis launched a new website for EMEA aesthetic division. The website provides a complete view of the company’s aesthetic division and all that company offers within the EMEA region.

Body Contouring Devices and Procedures Market Share Insights

Some of the major companies in the global market are Cynosure, Inc.; Alma Lasers Ltd.; Allergan PLC; Syneron Medical Ltd.; Bausch Health Companies, Inc.; and Lumenis Ltd. M&A and partnerships are the key market strategies undertaken by most of these organizations to strengthen their global presence.

For instance, in March 2017, Hologic, Inc. acquired Cynosure, Inc. Furthermore, in September 2018, Candela Corporation acquired Ellipse, a Danish medical device company. An acquisition allowed Candela to strengthen footprint in Intense Pulsed Light (IPL) and laser-based technology areas.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global body contouring devices and procedures market report on the basis of type, end use, and region:

• Body Contouring Devices Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Noninvasive & Minimally Invasive

  • Invasive

• Body Contouring Procedures Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Nonsurgical Skin Resurfacing

  • Nonsurgical Skin Tightening

  • Cellulite Treatment

  • Liposuction

  • Others

• Body Contouring Procedures End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Clinics and Spa Centers

• Body Contouring Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • Spain

    • Italy

    • France

    • The U.K.

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

• Body Contouring Procedures Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • The U.S.

  • Germany

  • Spain

  • Italy

  • France

  • The U.K.

  • Japan

  • China

  • India

  • Brazil

  • Mexico

  • South Africa