Body Shaping and Skin Tightening
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Over the next five years. the emerging market segments of body shaping and skin tightening will be prime catalysts behind unprecedented growth in the global aesthetic industry, according to the just-released Global Aesthetic Market research report from Medical Insight, Inc.
This report, which provides in-depth analysis and a five-year forecast of the $8.4 billion global aesthetic industry, indicates these relatively new categories will play prominent roles in record industry growth, protected to increase by 12.5% annually and reach $15.3 billion by 2011. Among highlights in the newest edition of this annual market study:
• Total worldwide sales of aesthetic equipment,
currently estimated at $1.2 billion, will rise by 10.3% per year, reaching over $1.9 billion in 2011. Total related fees will grow 16.1% annually, to $34.9 billion during the same period.
• Body shaping and skin tightening devices will drive aggressive expansion in the device category. with CAGRs of 20.7% and 15.7% respectively, escalating from $231.6 million in 2006 to $564.5 million in global sales by 2011.
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