Global Slimming Devices Market By Product (Electric Pulse Type, Vibration Type, Pneumatic Extrusion, Others), Technology (Cryolipolysis, Low Level Laser Therapy, Focused Ultrasound, Radiofrequency), Portability (Standalone, Portability), Body Area(Abdominal, Hip, Thighs, Others), End User (Gyms and Fitness Centers, Wellness Centers, Home, Others), Distribution Channel (Direct Tenders, Over the Counter, Retail), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Analysis: Global Slimming Devices Market
Global Slimming Devices Market is expected to rise from its initial estimated value of USD 8.8 billion in 2018 to an estimated value of USD 18.3 billion by 2026 registering a CAGR of 9.5%. The growth in this market is getting increased as there is rise in obese population.
Market Definition: Global Slimming Devices Market
Slimming Devices are those devices that help to remove the undesirable fat stored in the human body without affecting the other tissues of body. The Slimming devices promise the weight loss and fat reduction without any exercise, they burns and dissolves fats. It also helps in skin tightening and enhancement of the skin elasticity leading to the skin toning
- Increasing obese population due to consumption of junk foods is driving the market growth.
- Rising awareness regarding health and fitness.
- Government initiatives for promoting good health.
- The new advancement in technology.
- The side effect reports lower the customer confidence.
- The healthy lifestyle through diet and regular exercise will be also the restraining factor.
Segmentation: Global Slimming Devices Market
- Electric Pulse Type
- Vibration Type
- Pneumatic Extrusion
- Low Level Laser Therapy
- Focused Ultrasound
By Body Area
- Gyms and Fitness Centers
- Wellness Centers
- Distribution Channel
- Direct Tenders
- Over the Counter
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In April 2019, Gelesis, a biotechnology company announced that the United States Food and Drug Administration (FDA) gave clearance for PLENITY™ (Gelesis100). This product is form of capsule can be taken with water at lunch or dinner. These capsules are solution for weight management.
- In November 2018, BTL one of the world's major manufacturers of medical equipment has announced that it has joined the CitizenOS venture (the “Venture”) with Xinova, LLC (“Xinova”) and Helix Applications Inc. (“Helix”) in respect of the CitizenOS Project.
Competitive Analysis: Global Slimming Devices Market
The global slimming devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, 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, South America and Middle East & Africa.
Few of the major market competitors currently working in the global slimming devices market are BTL, Sakhi Beauty Concepts, Infocom Network Limited, Johari Digital Healthcare LTD, S.K. Enterprises, Beauty & Health Care Corporation, Radium Beauty & Hairdressing Equipment Manufacturer Co.,Ltd., Slim Up ( Slimming Centre ), jontegroup , Foxnovo Innovations Limited, Health Technology, among others
Research Methodology: Global Slimming Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed 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 can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: 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: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global slimming devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)