Global 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.
Some of the major players operating in slimming devices market are VAKIND, Marvogo WAWAWEI, Foxnovo, Blue Idea, Velform among others
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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.