(PharmaNewsWire.Com, July 06, 2019 ) The latest report by IMARC Group, titled “Global Body Contouring Market Research Report and Forecast 2019-2024”, finds that the global body contouring market size reached US$ 6.1 Billion in 2018. Body contouring is a procedure that aids in altering and contouring the shape of the human body after a significant amount of weight loss. It eliminates the excess fat and skin from various body parts such as chest, thighs, upper arms and lower abdomen. People undergo these procedures to attain a cosmetically desired body shape within a short time by removing sagging skin and fat while improving the shape of the underlying support tissues. They can be both invasive and non-invasive in nature. Surgical procedures include arm lifts, breast lifts and stomach lifts whereas non-invasive procedures include cryolipolysis, suction massage, ultrasound and low-level laser therapy.
The increasing obese population, coupled with the heightened importance associated with aesthetics and appearances, across the globe is the primary factor driving the growth of the market. Owing to the growing influence of social media, millennials are becoming conscious about their physical appearance. Consequently, there has been a rise in dependence on various contouring products to acquire a toned physique. Apart from this, the availability of easy monthly installments (EMIs) on these procedures have made them affordable for common masses which, in turn, is contributing to the market growth. Furthermore, advancements in technologies like ultrasound cavitation, mesotherapy, infra-red technology, laser lipolysis, radiofrequency therapy, dynamic pulse control (DPC) and intense pulse light (IPL) have made these procedures more precise and effective in nature, thereby providing an impetus to the market growth. Other factors contributing to the market growth include growing urbanization, rising disposable income and the expanding medical tourism industry. On account of the aforementioned factors, the market value is expected to reach US$ 9.1 Billion, exhibiting a CAGR of 6.8% during 2019-2024.
On the basis of invasiveness, non-invasive contouring represents the most popular type. Other major segments include minimally invasive and invasive contouring.
Market Breakup by End-Use Sector:
1. Clinical Research Organizations 2. Hospitals 3. Clinics
Based on the end use sector, the market has been categorized into clinical research organizations, hospitals, medical spas and clinics. Amongst these, clinics account for the dominant market share.
Market Breakup by Region:
1. North America 2. Europe 3. Asia Pacific 4. Latin America 5. Middle East and Africa
On the geographical front, North America currently holds the majority of the total market share. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has also been studied in the report with some of the major players operating in the market being Cynosure, Meridian, Syneron Medical Ltd., Lumenis, and Alma Lasers. Browse similar reports by IMARC Group:
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