Anticipated Growth of Aesthetic Body Shaping and Skin Tightening Market to Reach $15 Billion by 2011
According to Medical Insight, Inc., as a result of their recently released study regarding the Global Aesthetic Market, the next five years will show incredible growth in the market sectors of skin tightening and body shaping. Medical Insight, Inc.'s study includes information regarding anti-aging topcials, home-based aesthetic devices, new skin rejuvenation technologies, body shaping devices, botulinum toxins and skin tightening systems.
The global aesthetic industry is an $8.4 billion dollar market. Medical Insight's report analyzed the global aesthetic industry and their findings concluded that the categories of skin tightening and body shaping will increase their market sector by 12.5% annually. Projections for the industry growth are anticipated to reach $15.3 billion by the year 2011.
The market analysis highlighted key aspects of the growth which included:
- The device category for body shaping and skin tightening; anticipated expansion to rise from $231.6 million in 2006 to $564.5 million by 2011.
- Sales of aesthetic equipment (2007 estimated at $1.2 billion) anticipated growth of 190.3% yearly with a growth of $1.9 billion by the year 2011. The related fees are anticipated to grow 16.1% per year and the 2011 projected growth is $34.9 billion.
According to the President of Medical Insight, Inc., Michael Moretti, who was also the editor of the 400 page market study, new devices and energy-based technologies area factors in the body shaping and skin tightening market that are not only new resources which are providing revenue for the industry but these new devices are encouraging new brands to enter the marketplace. Another growth sector in their marketplace includes non-physician aesthetic venues such as medispas and corporate franchises.
The procedures included in skin tightening focus on facial and body wrinkles as well as skin laxity. The procedures included in body shaping focus on cellulite treatment, toning and weight reduction.
Practioneer fees in this market sector exceeded $4 billion in 2006 and included over 14 million procedures.
The global aesthetic industry is an $8.4 billion dollar market. Medical Insight's report analyzed the global aesthetic industry and their findings concluded that the categories of skin tightening and body shaping will increase their market sector by 12.5% annually. Projections for the industry growth are anticipated to reach $15.3 billion by the year 2011.
The market analysis highlighted key aspects of the growth which included:
- The device category for body shaping and skin tightening; anticipated expansion to rise from $231.6 million in 2006 to $564.5 million by 2011.
- Sales of aesthetic equipment (2007 estimated at $1.2 billion) anticipated growth of 190.3% yearly with a growth of $1.9 billion by the year 2011. The related fees are anticipated to grow 16.1% per year and the 2011 projected growth is $34.9 billion.
According to the President of Medical Insight, Inc., Michael Moretti, who was also the editor of the 400 page market study, new devices and energy-based technologies area factors in the body shaping and skin tightening market that are not only new resources which are providing revenue for the industry but these new devices are encouraging new brands to enter the marketplace. Another growth sector in their marketplace includes non-physician aesthetic venues such as medispas and corporate franchises.
The procedures included in skin tightening focus on facial and body wrinkles as well as skin laxity. The procedures included in body shaping focus on cellulite treatment, toning and weight reduction.
Practioneer fees in this market sector exceeded $4 billion in 2006 and included over 14 million procedures.
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