Global Non-invasive Fat Reduction Technologies Industry (2020 to 2027) - Market Trends and Drivers - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 21, 2020--
The “Non-invasive Fat Reduction Technologies - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 7th edition of this report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Non-invasive Fat Reduction Technologies Market to Reach $2.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Non-invasive Fat Reduction Technologies estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 15.5% over the analysis period 2020-2027.
Cryolipolysis, one of the segments analyzed in the report, is projected to record a 16.3% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultrasound segment is readjusted to a revised 15.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $311.5 Million, While China is Forecast to Grow at 14.8% CAGR
The Non-invasive Fat Reduction Technologies market in the U.S. is estimated at US$311.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$498.1 Million by the year 2027 trailing a CAGR of 14.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.
Radiofrequency Segment to Record 14.4% CAGR
In the global Radiofrequency segment, USA, Canada, Japan, China and Europe will drive the 14.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$127.7 Million in the year 2020 will reach a projected size of US$323.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$343.9 Million by the year 2027.
Competitors identified in this market include, among others:
- Alma Lasers GMBH
- BTL Medical Technologies Pty Ltd.
- Cutera, Inc.
- Cynosure, Inc.
- Lumenis Ltd.
- Solta Medical, Inc.
- Syneron Medical Ltd.
- Venus Concept
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Non-invasive Fat Reduction Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/jrpgwi
View source version on businesswire.com:https://www.businesswire.com/news/home/20201221005402/en/
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SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 12/21/2020 07:52 AM/DISC: 12/21/2020 07:52 AM