The objective of the study is to analyze key market dynamics such as drivers, opportunities, challenges, restraints and key player strategies. To track company developments such as product launch, approval, acquisition and merger of leading players, competitive landscape of body contouring devices market for market player analyzes on various parameters in broad business strategy and product categories. Both top-down and bottom-up approaches were used to estimate market size. Market analysis and data triangulation were used to estimate the market size of the segments and sub-segments.
The four steps involved in estimating market size are
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases and investor company presentations, white papers, peer-reviewed publications, articles by recognized authors, gold standard and silver standard websites, regulatory bodies and databases (such as D&B Hoovers, Bloomberg Business and Factiva) were reported for identifying and collecting information for this study.
Primary Research
In the primary research process, various sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The 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 parts of the value chain of this industry. In-depth interviews were conducted with various key respondents, including key industry participants, subject matter experts, C-level executives of key market players and industry consultants, to obtain and verify critical qualitative and quantitative information as well as assess perspectives .
Here is a breakdown of key respondents:
Note 1: Others include sales managers, marketing managers and product managers.
Note 2: Companies are ranked by their total revenue. From 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 hypotheses considered for the study, download the pdf brochure
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COMPANY NAME |
DESIGNATION |
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Abbvie, Inc. (USA) |
Marketing Director |
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InMode Ltd. (USA) |
Senior Product Manager |
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Bausch Health Companies, Inc. (USA) |
Marketing Director |
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Estimate market size
Both top-down and bottom-up approaches have been used to estimate and validate the overall market size of Body Contouring Devices market. These methods were also extensively used to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
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Key industry players have been identified through extensive secondary research
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Revenue generated by leading players operating in the body contouring device market has been determined through primary and secondary research
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All percentages, splits and analyzes have been determined using secondary sources and verified through primary sources
Data triangulation
After arriving at the overall market size by applying the process mentioned above, the overall market was divided into various segments and sub-segments. To complete the overall market engineering process and arrive at accurate statistics for all segments and sub-segments, data triangulation and market analysis procedures were used where deemed necessary. The data was triangulated by studying various factors and trends on both the demand and supply sides.
Market definition
Body contouring is a cosmetic procedure aimed at enhancing the shape and appearance of the body. These procedures usually involve reducing or reshaping areas of the body to improve contour and proportions. Body contouring can target various areas such as the abdomen, thighs, arms, buttocks and more, often using techniques such as liposuction, non-surgical fat reduction, skin tightening and muscle toning. Devices used to shape the body through non-invasive or minimally invasive procedures are body contouring devices. These devices use various technologies such as laser, radio frequency, ultrasound, cryolipolysis (cooling) and others.
Interested parties
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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
Reference targets
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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 on the main factors influencing market growth (drivers, restraints, opportunities and challenges)
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To analyze micro markets1 in relation to individual growth trends, prospects and contributions to the overall market
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To analyze market opportunities for stakeholders and provide details on 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, Asia Pacific, Middle East and Africa, Latin America and GCC countries
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To profile key players and thoroughly analyze their product portfolios, market positions and core competencies
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Track and analyze company developments such as product launches, approvals, acquisitions and mergers in the Body Contouring Devices market
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To benchmark the players in the body contouring devices market using the Company Evaluation Matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy, market share and product offerings
