What Has Been the Growth of the Slimming Devices Market So Far?
The slimming devices market has seen considerable growth due to a variety of factors.
• The market size for slimming devices has seen a significant increase in recent years. It is projected to expand from $8.16 billion in 2024 to $8.75 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%.
The impressive growth during the historical period can be linked to factors such as a surge in the prevalence of obesity and overweight issues, a heightened trend towards fitness and wellness, an increase in disposable income, the rising popularity of cosmetic procedures, and escalation in the incidence of chronic diseases.
What Is the Forecasted Market Size and Growth Rate for The Slimming Devices Market Size In The Coming Years?
The slimming devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for slimming devices is predicted to experience substantial growth in the coming years, escalating to $11.44 billion by 2029 with a compound annual growth rate of 6.9%.
Numerous factors contribute to this projected growth, including the increasing incidence of chronic diseases, growth in disposable income, the expanding home-use device sector, an aging populace, and enhanced regulatory support. Future trends that could impact this trajectory encompass the rising preference for non-invasive procedures, the integration of cutting-edge technological solutions, a heightened emphasis on bespoke weight management strategies, growth in online sales and digital marketing initiatives, and the invention of devices with multiple functions.
What Factors Are Driving Growth In The Slimming Devices Market?
The proliferating rates of obesity across the globe are projected to spur the expansion of the slimming devices market. Defined by an abnormal accumulation of body fat detrimental to health and generally measured using body mass index (BMI), obesity is diagnosed when the BMI reaches 30 or above. Several factors contribute to the escalating obesity rates, including unhealthy eating habits, lack of physical exercise, higher intake of calorie-rich and processed food items, genetic factors, socioeconomic conditions, and insufficient availability of healthy food options and physical activity. Obesity management utilizes slimming devices to assist in weight loss by focusing on fat reduction and improving body shape via non-invasive procedures. For instance, the World Obesity Atlas 2023 report by the World Obesity Federation, a non-profit organization based in the UK, revealed in March 2023 that the worldwide figure of individuals identified as overweight or obese is anticipated to increase from 2,603 million in 2020 to 3,041 million by 2025, go up to 3,507 million by 2030, and to 4,005 million by 2035. Consequently, the escalating obesity rates globally are fueling the evolution of the slimming devices market.
What Are The Main Segments Of The Global Slimming Devices Market?
The slimming devices market covered in this report is segmented –
1) By Type: Electric Pulse Type Slimming Devices, Vibration Type Slimming Devices, Pneumatic Extrusion Slimming Devices, Other Types
2) By Technology: Cryolipolysis, Low-Level Laser Therapy, Focused Ultrasound, Radiofrequency
3) By Body Area: Abdominal, Hip, Thighs, Other Body Area
4) By Portability: Standalone, Portable
5) By End User: Gyms And Fitness Centers, Wellness Centers, Home, Other End Users
Subsegments:
1) By Electric Pulse Type Slimming Devices: EMS (Electrical Muscle Stimulation) Devices, TENS (Transcutaneous Electrical Nerve Stimulation) Devices, Electric Abdominal Stimulators
2) By Vibration Type Slimming Devices: Whole Body Vibration Machines, Localized Vibration Devices, Vibration Platforms
3) By Pneumatic Extrusion Slimming Devices: Vacuum Therapy Devices, Suction Slimming Machines, Pressure Therapy Systems
4) By Other Types: Infrared Slimming Devices, LED Light Therapy Slimming Devices, Combination Slimming Devices
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What Emerging Trends Are Influencing The Growth Of The Slimming Devices Market?
Major corporations functioning in the slimming devices sector are putting their efforts into creating novel devices like portable electrical muscle stimulation (EMS) fitness devices. These devices would represent a major shift in fitness and body sculpting, offering an accessible and effective way to tone muscles at home. A portable EMS fitness instrument is a small gadget that uses electrical pulses to encourage muscle contractions, improving strength, stamina, and recovery during exercise or rehabilitation sessions. For example, in June 2023, the Chinese company ShanDong EXFU Lasers Technology CO. LTD, which specializes in beauty and wellness products, introduced the FIND S EMS Slimming Machine. It employs state-of-the-art EMS technology, offers customizable intensity levels, has a compact and transportable structure, and boasts an intuitive user interface. This allows users to focus on muscle activation and boosted body sculpting on the move. Additionally, it has the ability to be used in various ways, such as relaxing muscles and enhancing blood flow.
Who Are the Key Players In The Slimming Devices Market?
Major companies operating in the slimming devices market are:
• Cynosure LLC
• BTL Aesthetics
• Cutera Inc.
• Candela Corporation
• Pristyn Care
• Cosmosoft Technologies
• LPG Systems
• Aesthetics Biomedical
• AGM Overseas
• Cosderma
• Cryomed Manufacture s.r.o.
• Derma Care
• Macromed
• NC MEDICAL SYSTEMS
• Krupa Medi Scan
• Monarch Skin Derma
• Prince Overseas
• Deep Surgicals
• R.V. Trading Company
• R-slimming Medical Systems
• BRAL INTERNATIONAL
• Dermaworth Ltd
• Medgears
What Is The Most Dominant Region In The Slimming Devices Market?
North America was the largest region in the slimming devices market in 2024. The regions covered in the slimming devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
