The plastic surgery industry has great potential for development (2)

Geographic insight

North America holds the highest market share of body-shaping devices globally owing to the growing demand for a youthful appearance, the growing obese population, etc. The region has the highest medical expenditure on aesthetic/ cosmetic procedures, which ultimately drives the market growth. In North America, the U. S. has the highest healthcare spending on medical cosmetic procedures and also ranks first among countries with the highest surgical and non-surgical cosmetic procedures in 2020. That same year, the United States had the most plastic surgeons( 7, 000), according to the ISAPS report.

Across Europe, the high demand for cosmetic procedures is attributed to the increasing adoption of energy and laser- based skin tightening and body contouring system devices, which are achieving better results in the market. Body sculpting is one of the most popular beauty treatments in Europe. The rising obese population, rising awareness, and increasing adoption of the advanced medical aesthetics market and body sculpting devices are some of the key factors driving the growth of the body sculpting devices market in Europe. Furthermore, the growing trend to obtain an enhanced, youthful appearance has also increased the demand for body-shaping devices.

The Asia Pacific region held a 24.11% market share in the global body shaping equipment market and is expected to register the highest CAGR of 15.18% during the forecast period. The rising obese population, rising awareness, rising demand for advanced medical aesthetics, and increasing adoption of body sculpting devices are the key factors driving the growth of the body sculpting devices market in this region. China dominates the body sculpting devices market in the region, owing to the rising geriatric population and rising demand for a youthful appearance. The availability of numerous cosmetic procedures, better access, and high healthcare expenditure drive the growth of the industry.

The Latin American region is an emerging market for body contouring devices. In 2020 Brazil saw a significant increase in medical aesthetic procedures compared to previous years. Skilled medical professionals and a wide customer base are driving the market growth. Growing medical tourism in other countries in the region is also one of the driving factors for the growth of the body-shaping devices market in the region.

However, high treatment costs and complications associated with non-surgical body sculpting devices hinder the overall growth of the market. Moreover, the lack of technologically advanced equipment and skilled professionals in low-income countries to perform these procedures may hamper the regional market's growth during the forecast period.

* https://www.arizton.com/market-reports/body-contouring-devices-market