Body Sculpting Industry
Over the last two decades, the number of cosmetic surgical procedures have declined by 16 percent while the number of minimally invasive elective procedures performed in the United States has increased by 137 percent. As the high-tech options become more affordable and accessible, undergoing cosmetic enhancements no longer holds the stigma it once did. The demand for “lunchtime” beauty procedures is at an all-time high.
The body contouring market, including noninvasive and minimally invasive fat reduction procedures, is set to rise from $671.8 million in 2015 to over $1.1 billion by 2022, representing a compound annual growth rate of 7.9%, according to research and consulting firm GlobalData.
“While some patients choose to try noninvasive methods first, the noninvasive or nonsurgical trend is primarily driven by patients who would otherwise not undergo any form of fat reduction or body contouring. For patients with an aversion to unnecessary surgery, fear of surgical complications, or financial restrictions, nonsurgical options overcome all of these factors deterring patients from seeking body-contouring treatments.” says Brigitte Babin, analyst for medical devices for GlobalData
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