LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global body contouring market report. This research report also lists 26 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global body contouring market is highly diversified with the presence of many global and local players. The market is growing steadily due to growing awareness of body contouring procedures. This has provided an opportunity to device manufacturers worldwide and especially in the untapped APAC countries. In 2014, more than 20 million aesthetic procedures were performed worldwide. Brazil, Mexico, Germany, South Korea, France, Japan, Colombia, the UK, the US, and Spain had the highest number of body contouring procedures in 2014.
“Companies that hold a major share in the market include Alma Lasers, Cynosure, Meridian, Syneron, and Valeant. Most companies focus on providing solutions that reduce the risk, cost, and recovery time associated with the procedures. They are adopting different techniques to cut costs and lessen the pain involved in the procedures while manufacturing devices,” says Amber Chourasia, a lead analyst at Technavio for lab equipment research.
The report states that APAC will be the fastest-growing market during the forecast period and has many companies spread across India, China, Japan, and South Korea that manufacture, market, and supply a broad range of body contouring devices for both invasive and non-invasive methods. In addition, many R&D facilities have been set up in the region, especially in China, which focus on developing energy-based devices. The increase in R&D facilities and manufacturing plants will drive the global body contouring market in the coming years.
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Top five body contouring market vendors
The company designs, develops, manufactures, and markets a wide range of laser, light, RF, and ultrasound assisted solutions for the aesthetic and surgical markets. The company also provides multi-technology systems, thereby revolutionizing the existing treatment methods and serving the needs of both patients and practitioners across the world. The company offers its products in more than 60 countries to core physician customers such as dermatologists and plastic surgeons and to non-core physician customers.
Alma Lasers established its presence in the global body contouring market through a wide array of technologies and treatment methods covering various aesthetic needs. It offers more than 100 treatment solutions.
Cynosure was founded in 1991 and is headquartered in Westford, Massachusetts, US. The company develops, manufactures, and markets a wide range of aesthetic treatment systems for plastic surgeons, dermatologists, and other medical practitioners. The company also markets RF energy-sourced medical devices for precision surgical applications, such as facial plastic and general surgery; gynecology; ear, nose, and throat procedures; ophthalmology; oral and maxillofacial surgery; podiatry; and proctology.
Cynosure established its presence in the global body contouring market with its non-invasive and minimally invasive solutions that provide better results compared to liposuction and other surgically invasive procedures. Its key body contouring devices reduce fat through laser lipolysis. The company's Cellulaze system is the world’s first FDA-cleared minimally-invasive aesthetic laser device for the treatment of cellulite.
Meridian was founded in 1994 and is headquartered in Anyang, South Korea. The company, along with its subsidiaries, is engaged in the design, manufacture, and sales of medical and aesthetic devices. It offers its products to healthcare professionals, hospitals, clinics, physicians, and wellness centers in South Korea, the US, Canada, China, and Japan, among others.
Meridian established its presence in the global body contouring market through non-invasive and minimally invasive body contouring solutions such as LAPEX BCS Pro, and LAPEX DAVAN, which remove fat and reduce cellulite through laser lipolysis. These body contouring treatments provide positive results compared to traditional liposuction and other surgically invasive procedures.
Syneron Medical was founded in 2000 and is headquartered in Yokneam Illit, Israel. The company, along with its subsidiaries, designs, develops, and markets aesthetic medical products primarily under the brand names Syneron, UltraShape, and Candela. As of March 2015, the company's patent portfolio consisted of 40 issued US patents and 189 issued international patents.
Syneron Medical established its presence in the global body contouring market through its new technologies and continuous product development. Some of its key products include UltraShape Contour I V3, a non-invasive fat reduction for body contouring; VelaShape II & III, which have applications related to the appearance of cellulite, reduction of thigh circumference, and body contouring; and VelaSmooth Pro, which finds applications in cellulite reduction, thigh circumference reduction, and body contouring.
The company develops, manufactures, and distributes a wide range of branded, generic pharmaceutical, OTC products, and medical devices. It specializes in dermatology, eye health, consumer health, and neurology areas.
Valeant established its presence in the global body contouring market through a wide range of medical device systems for body contouring applications. The company's CeraVe is an OTC range of products with essential ceramides and other skin-nourishing and skin moisturizing ingredients. The company also specializes in researching lipolysis and new technologies for skin rejuvenation and tissue regeneration.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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