The objective of the study is analyzing the key market dynamics such as drivers, opportunities, challenges, restraints, and key player strategies. To track companies’ developments such as product launch, approval, acquisition and merger of the leading players, the competitive landscape of the body contouring devices market to analyzes market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were used to estimate the market size. To estimate the market size of segments and subsegments the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess prospects.
The following is a breakdown of the primary respondents:
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Companies are classified into tiers based on their total revenues. As of 2022, Tier 1 = >USD 100 million, Tier 2 = USD 10 million to USD 100 million, and Tier 3 = < USD 10 million.
To know about the assumptions considered for the study, download the pdf brochure
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COMPANY NAME |
DESIGNATION |
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Abbvie, Inc. (US) |
Marketing Manager |
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InMode Ltd. (US) |
Senior Product Manager |
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Bausch Health Companies, Inc. (US) |
Marketing Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the body contouring devices market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
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The key players in the industry have been identified through extensive secondary research
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The revenues generated by leading players operating in the body contouring devices market have been determined through primary and secondary research
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Body contouring is a aesthetic procedures aimed at enhancing the shape and appearance of the body. These procedures typically involve reducing or reshaping areas of the body to improve contours and proportions. Body contouring can target various areas such as the abdomen, thighs, arms, buttocks, and more, often using techniques like liposuction, non-surgical fat reduction, skin tightening, and muscle toning. Devices used to contour the appearance of the body through non-invasive or minimally invasive procedures are body contouring devices. These devices utilize various technologies such as laser, radiofrequency, ultrasound, cryolipolysis (cooling), and others.
Stakeholders
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Senior Management
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End User
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Finance/Procurement Department
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R&D Department
Report Objectives
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To define, describe, segment, and forecast the body contouring devices market by product, application, age group, gender, end user and region
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To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
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To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
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To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
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To forecast the size of the market segments with respect to six regions, namely, North America, Europe, the Asia Pacific, Middle East & Africa, Latin America, and GCC countries
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To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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To track and analyze company developments such as product launch, approval, acquisition, and merger in the body contouring devices market
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To benchmark players within the body contouring devices market using the Company Evaluation Matrix framework, which analyzes market players on various parameters within the broad categories of business strategy, market share, and product offerings
HIGHEST CAGR MARKET IN 2023
US FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Body Contouring Devices Market