This study intends to analyse diverse aspects of the global cellulite treatment market. The research is expected to aid in market growth examination over the forecast timeline.
Market Analysis in Brief
In 2021, the cellulite treatment market reflected modest growth and per industry figures, it stood at over US$1 Bn in terms of value. According to preliminary study carried out by Fairfield Market Research, the cellulite treatment industry will continue to grow at a strong, double-digit CAGR in the next seven years. The alarming rates of obesity worldwide, and dramatically rising consumer proclivity for the various available aesthetic and cosmetic procedures over the recent past collectively drive the growth of this market. With more individuals realizing the behavioral, psychological, and physical impacts of obesity in long term, demand for cellulite treatment procedures is likely to climb up.
Key Report Findings
Growth Drivers
Rising Prevalence of Obesity
Increasing obesity cases is one of the major factors driving the growth of the cellulite treatment market. Obesity and weight gain result in the development of cellulitis which can further lead to infection. According to World Heart Foundation, around 2.3 billion adults and children are suffering from obesity and overweight. Based on current trends, this count is likely to increase and approximately 2.7 billion adults could live with overweight or obesity in 2025. This is expected to drive the demand for the treatment of cellulitis among individuals in turn bolstering the growth of the market on the global front.
In addition, increasing number of cosmetic centres is contributing towards the cellulite treatment market growth. This is mainly owing to rising number of cosmetic procedures worldwide backed by individual inclination towards improvement of self aesthetics and appeal. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2020 around 10,129,528 cosmetic procedures were performed worldwide. This is further backed by rising healthcare expenditure coupled with stable increase in the GDP per capita leading high disposable income. In this backdrop, the rising demand for descent physical appearance is likely to bode well for the growth of the market.
Non-invasive Procedures Gain High Traction
The transition towards non-invasive procedures is expected to augment the growth of the market. Since past several years, the demand for minimally invasive and non-invasive procedures has increased owing to several advantages. Benefits such as low costs, reduced risks of complications, no post-procedure scars owing to zero-incision method, minimal downtime, no discomfort and pain, and a little or no post traumatic stress have fuelled the demand for non-invasive cellulite procedures. That said, various methods such as laser treatment, radiofrequency, carboxytherapy, vacuum assisted precise tissue release and laser assisted liposuction have gained high traction. Thus, increasing demand for non-invasive procedures is expected to largely contribute towards the cellulite treatment market growth.
Growth Opportunities Across Regions
North America’s Lead Prevails
The demand for cellulite treatment in developed economies across North America is expected to increase at a significant rate. This can be attributed towards increase in the rate of obesity owing to sedentary lifestyles coupled with various macro-economical factors. Availability of superior healthcare infrastructure, supportive government initiatives, availability of highly skilled healthcare practitioners and high GDP per capita backed by stable economic growth are few macro aspects influencing the growth of the cellulite treatment market in the region. In addition, growing consciousness apropos to outward appearance and self aesthetics is likely to give a boost to the market in developed countries such as Canada, and the United States.
Furthermore, a growing number of births in the region is expected to trigger the demand for cellulite treatment. For instance, according to the Centers for Disease Control and Prevention (CDC) May 2021 report, in the United States, the birth rate registered a significant increase to touch 3,664,292 in the year representing 1% increase as compared to the previous year and is likely to increase going forward. This increase in pregnancies in the country is poised to drive the cellulite treatment demand, thus contributing toward the growth of the market here.
Asia Pacific Displays Lucrative Growth Potential
On the other side of the spectrum, the developing nations in Asia Pacific are also projected to showcase high growth potential for the market. This is mainly owing to the progressing healthcare sector, cheaper cost of the cellulite treatment, stable rise in disposable income, and prevalence of obesity in the region. In addition, an increasing number of hospitals, and surgical centres is providing ample opportunities for the market. Also, major companies in the market are targeting Asia Pacific owing to its lucrative business environment coupled with high customer pool. These factors are likely to offer new avenues for the cellulite treatment market in Asia Pacific in the forthcoming years.
Cellulite Treatment Market: Competitive Landscape
New launches and other growth strategies including mergers, acquisitions and collaborations have been witnessed in the cellulite treatment market since past few years. Few of the major players in the market include Merz Pharma GmbH & Co KGa, Cutera Inc., Inceler Medikal Co. Ltd., Hologic Inc., Candela Corporation, Cynosure Inc, Syneron Medical Inc., and Zimmer Aesthetics.
Key Developments
Regional Classification of the Global Cellulite Treatment Market is Described Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Cellulite Treatment Market
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