The slimming devices market accounted to USD 7.4 billion in 2016 growing at a CAGR of 9.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Slimming devices are those devices that help to remove the undesirable fat stored in the human body without affecting the other tissues of body. Slimming devices burns and dissolves fats. It also helps in skin tightening and enhancement of the skin elasticity leading to the skin toning.
Major market drivers and restraints:
- Increasing obese population
- Rising awareness regarding health and fitness
- Government initiatives for promoting good health
- Technological advancements
By Product the market for slimming devices is segmented into Electric Pulse Type, Vibration Type, Pneumatic Extrusion, Others.
By Technology the market for slimming devices is segmented into Cryolipolysis, Low Level Laser Therapy, Focused Ultrasound and Radiofrequency.
By Body Area the slimming devices market is segmented into Abdominal, hip, thighs and others.
On the basis of End User the market is segmented into Gyms and Fitness Centers, Wellness Centers, Home, Others.
On the basis of Distribution Channel the slimming devices market is segmented into Direct Tenders, Over the Counter and Retail.
On the basis of geography, slimming devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The slimming devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of slimming devices market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in slimming devices market are VAKIND, Marvogo WAWAWEI, Foxnovo, Blue Idea, Velform among others
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.