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 Statistics Canada, in 2018, 26.8% of Canadians (roughly 7.3 million adults) reported height and weight that classified them as obese. Another 9.9 million adults (36.3%) were classified as overweight, bringing the total population with increased health risks due to excess weight to 63.1% in 2018.

Furthermore, rising awareness about body contouring, increase in beauty consciousness, unhealthy lifestyles inclination towards body fitness, growing technological advancements, growing adoption of aesthetic surgeries are the few other factors that are propelling the growth of the global body contouring devices. According to the International Society of Aesthetic Plastic Surgery, 1,732,620 liposuction procedures were performed worldwide in 2018. On the other side, lack of awareness in developing and underdeveloped countries, high costs associated with the treatment are the few factors that hamper the growth of the global body contouring market.

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Key Market Trends

The Non Invasive And Minimally Invasive Devices Holds The Healthy Growth Rates

– Non-Invasive and Minimally invasive devices have gained momentum, which can be due to relatively less cost of the procedure and low side effects. Manufacturers are benefitting from this segment as these procedures satisfy the patient’s desire for a quick recovery and less trauma, thereby resulting in its increased demand.
– Minimally invasive surgery techniques are being employed across various specialties of body contouring, they are expected to observe an increase in use, during the forecast period.​
– For instance, in July 2019, Allergan’s CoolTone, a New Body-Contouring Device with magnetic muscle stimulation (MMS) has been approved by the United States Food and Drug Administration.
– Moreover, rising obesity worldwide along with the adoption of minimally invasive procedures are anticipated to boost the segment growth over the forecast period.

North America Expected to have Significant Market Share

North America holds the largest share in body contouring devices market followed by Europe, owing to the high population booming, high obesity prevalence, high inclination towards aesthetic surgeries and high consumption of junk food which is a reason for causing obesity. According to the report of the American Society of Plastic Surgeons, 56,018 body contouring procedures after massive weight loss were performed in the United States in 2018.​ The same report has stated that 258,558 Liposuction procedures were performed in the United States in 2018.​ This is likely to positively impact the market growth in the region

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.

For instance, In October 2017, Hologic received additional certification of European Medical Device Directive (MDD) for its SculpSure, body contouring laser treatment. Similarly, in September 2017, Silk’ n Lipo launched world’s first at home body contouring device for stubborn body fat.

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Some of the players in body contouring devices market are Hologic Inc. , Candela Corporation, Bausch Health Companies Inc, Allergan Plc, and Leumenis Among Others

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Minimally Invasive Body Countouring 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

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