According to the recent research report titled ‘Global Body Contouring Devices Market Size study, by Product Type (Non-invasive and Minimally Invasive Devices, Invasive Devices), by Application (Nonsurgical Skin Resurfacing, Nonsurgical Skin tightening, Cellulite Treatment, Liposuction, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global body contouring devices market was worth USD 2.8 billion in 2020 and is projected to expand with a CAGR of 14.6% over 2021-2027, subsequently amassing a valuation of USD 7.27 billion by end of the forecast period.
 

Increasing cases of obesity, rising prevalence of aesthetic consciousness, flourishing medical tourism, and booming adoption of body contouring procedures are the key factors driving global body contouring devices market growth.
 

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As per the International Society of Aesthetic Plastic Surgery, in 2018, over 1,732,620 liposuction procedures were done globally. In the same year, the American Society of Plastic Surgeons reported that 56,018 body contouring procedures were performed in the United States. The rise in popularity of body contouring treatments will significantly enhance the overall market revenue in the coming years.
 

On the contrary, high cost of body shaping treatments is likely to hamper the remuneration scope of the industry over the study period.
 

Based on product type, worldwide body contouring devices market is divided into non-invasive and minimally invasive devices and invasive devices. As per application spectrum, the industry is comprised of liposuction, cellulite treatment, nonsurgical skin tightening, nonsurgical skin resurfacing, and others.
 

Coming to geographical ambit, Europe, North America, Asia Pacific, and Latin America are the key areas considered for the regional assessment of the overall market. North America is a prominent region in terms of market share due to booming elderly population seeking, presence of strong medical infrastructure, and well-established reimbursement regulations.
 

On the other hand, Asia Pacific is expected to record a robust CAGR over 2021-2027, owing to availability of cost-effective and high-quality treatment, rising disposable income, along with growing obese and geriatric population in the area.
 

Coming to competitive landscape, Fotona, InMode Ltd., Lutronic Corporation, Merz Pharma GmbH & Co. KGaA, Lumenis, Solta Medical (Bausch Health Companies Inc.), Candela Medical Ltd., BTL Industries Inc., Alma Lasers, and Allergan plc (AbbVie) are the prominent firms profiled in global body contouring devices industry report.