The study involved four major activities in estimating the current size of the body contouring treatments market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial body contouring treatments market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as Chief Executive Officers (CEOs), vice presidents (VPs), marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the body contouring treatments market. The primary sources from the demand side include hospitals, aesthetic clinics, medical spas, beauty centers and other end users. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
The tiers of the companies are defined based on their total revenue. As of 2023: Tier 1 => USD 1 billion, Tier 2 = USD 200-500 million to USD 1 billion, and Tier 3 =< USD 200 million
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The revenue share analysis of major companies was used in this report to determine the size of the global body contouring market. This was accomplished by identifying the major market participants and calculating their body contouring business revenues using a variety of information acquired throughout the primary and secondary research stages. Examining the annual and financial reports of the leading market participants was one aspect of secondary research. On the other hand, primary research involved in-depth interviews with important thought leaders, including directors, CEOs, and important marketing executives.
Segmental revenues were computed using the revenue mapping of the leading solution/service providers to determine the worldwide market value. The following steps were engaged in this process:
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Making a list of the leading international companies in the body contouring industry
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Charting the annual profits made by the leading companies in the body contouring sector (or the closest stated business unit/product category)
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As of 2023, revenue mapping of leading companies to cover a significant portion of the global market
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Calculating the body contouring industry's global value
Global Body Contouring Market: Bottom-up and Top-down approach
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the body contouring treatments market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the body contouring treatments market was validated using top-down and bottom-up approaches.
Market Definition
Body contouring is a medical process to reshape a body part, which involves removing excess skin, eliminating extra fat, and reforming or sculpting the area. The majority of body parts can be targeted by body contouring. The common sites include arms, buttocks, thighs, back and belly. The products are utilized for multiple applications, including non-surgical fat reduction, liposuction, cellulite treatment, etc. The primary end users of this market are hospitals, aesthetic clinics, medical spas, and beauty centers.
Stakeholders
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Body Contouring Device Manufacturers
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Medical Spas and Beauty centers
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Pharmaceutical Companies
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Aesthetic Clinics
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Hospitals
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Body Contouring Device Distributors and Suppliers
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Aesthetic Surgeons
Report Objectives
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To define, describe, and forecast the body contouring treatments market based on technology, application, patient type, end user, and region
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To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
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To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the revenue of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, Middle East and Africa
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To profile the key players and comprehensively analyze their market ranking and core competencies
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To benchmark players within the market using a proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of market share and product footprint
HIGHEST CAGR MARKET IN 2024-2029
US LARGEST MARKET IN THE REGION
Growth opportunities and latent adjacency in Body Contouring Treatments Market