Non-invasive body contouring treatments are primarily achieved utilizing lasers and energy devices as well as other modalities that apply vacuum, suction, or cooling technologies. These innovations are driving a shift from more invasive surgical procedures, such as mechanical liposuction, to less invasive procedures, such as fat freezing, which produce superior results with less downtime. Non-invasive applications in body contouring and sculpting offer benefits over traditional liposuction in terms of reduced patient downtime, elimination of cannula scarring, and improved efficacy.
The global body contouring devices market can be segmented on the basis of energy used, end-user, and region. On the basis of energy used, the non-invasive body contouring devices market can be divided into radiofrequency, ultrasound, mechanical suction, mechanical suction and thermal, cryolipolysis, laser, and others. In terms of end-user, the non-invasive body contouring devices market can be classified into hospitals, cosmetic surgery centers, and others. Based on region, the global non-invasive body contouring devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Growth in obesity globally is likely to drive the demand for non-invasive body contouring applications and treatments. According to a survey conducted by the American Society for Dermatologic Surgery (ASDS) in 2015, around 88% of the people is concerned with excess weight. Patients want results, but without the pain and downtime that are associated with surgery. Increasing consumer demand for non-invasive treatment options as alternatives to mechanical liposuction and bariatric surgery is expected to continue to drive the non-invasive body contouring devices market during the forecast period. Moreover, non-invasive body contouring treatments require minimal recovery time, short downtime, and do not involve any incision. These therapies are gaining popularity against the traditional modalities. Such shift in consumer preference is likely to contribute to the continued growth of the non-invasive body contouring devices market during the forecast period.
Non-invasive devices, such as, lasers and energy-based devices provide more efficient and safer alternatives to traditional liposuction surgery procedures. Less-stringent regulatory pathway enjoyed by laser and energy devices than by segments, such as, implants is an additional non-invasive body contouring devices market driver. As most of the laser and energy devices use well-studied and understood technologies (e.g. ultrasonic waves) with a long history of use in medical devices, safety testing for these products is well-established. In addition, the fact that these products are typically used on the surface of the body limits their ability to cause systemic harm with typical side-effects are limited to the site of application.
Geographically, North America accounts for the leading share of the global non-invasive body contouring devices market, in terms of revenue, followed by Europe. Although emerging countries, such as, China, South Korea, Brazil, and India are expected to grow significantly during the next five years, the non-invasive body contouring devices market is projected to continue to be dominated by North America and Europe throughout the forecast period. Dominance of North America in the global non-invasive body contouring devices market can be attributed to the high disposable income of people, concentration of non-invasive body contouring devices market players, well-developed health care infrastructure, and high awareness about latest medical development in the region.
The non-invasive body contouring devices market in Asia Pacific is expected to grow at a significant rate due to increasing penetration of market players operating in the aesthetic industry in emerging countries, such as, China and India and rise in consumer awareness about body contouring treatment in the region. Other regions, such as, Middle East & Africa and Latin America are expected to be prospective markets for non-invasive body contouring devices in the near future due to the high adoption rate of advanced therapeutics, coupled with the rapidly developing health care industry in the regions.
Major players operating in the global non-invasive body contouring devices market include Cynosure, Inc., Syneron Medical Ltd., Venus Concept, Fosun Pharmaceutical Co., Ltd., Allergan plc, Cutera, Inc., Mentor Worldwide LLC, and Merz Pharma GmbH & Co,
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.