Cryolipolysis Devices Market to Witness Widespread Expansion by 2026
Cryolipolysis is a medical treatment used to destroy the fat cells in the body through the freezing mechanism. It is a non-invasive fat freezing method used for the purpose of stubborn fat reduction. The principle behind cryolipolysis is based on the fact that adipocytes are more susceptible to cold temperature compared to other skin cells. The body cells are exposed to cold temperatures, which results in apoptosis of the subcutaneous fat cells without causing significant damage to the overlying skin. In 2010, the U.S. FDA approved a cryolipolytic device (CoolSculpting; ZELTIQ Aesthetics, Inc.,) for the reduction of flank and abdominal fat. In April 2014, the FDA cleared this system for additional indications, which include treatment of subcutaneous fat in the thighs.
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The global cryolipolysis devices market can be segmented based on area of application, end-user, and region. Based on area of application, the market can be segmented into abdomen, flank, thigh, submental and submandibular area, and other. In terms of end-user, the market can be classified into hospitals, cosmetic surgery centers, dermatology clinics, and others. Based on region, the global cryolipolysis devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Currently, a number of companies are developing products that combine high fluence lasers with cooling technologies to allow fast, effective treatment while minimizing untargeted tissue damage. The cryolipolysis devices market is projected to expand at a significant rate, owing to an increase in the obese population, rise in consumer demand for non-invasive options, and rise in awareness among consumers. According to an estimate by the CDC, around 35% of the adult U.S. population is obese, while an additional 40% is overweight. The continued growth of the obese population is expected to drive demand for cryolipolysis devices during the forecast period.
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In terms of region, North America accounts for a leading share of the global cryolipolysis devices market, followed by Europe. The market in emerging countries such as China, South Korea, Brazil, and India is expected to expand significantly during the next five years.However, the cryolipolysis devices market is projected to continue to be dominated by North America and Europe throughout the forecast period. Dominance of North America in the global cryolipolysis devices market can be attributed to the high disposable income, concentration of global market players, well-developed health care infrastructure, and high awareness about the latest medical development in the region. High disposable income is one of the largest contributors to the growth of the aesthetics industry. As a vast majority of body contouring procedures, including cryolipolysis, have no third-party reimbursement, the availability of disposable income has a large influence on the aesthetics market as compared to other medical device market segments.
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The cryolipolysis devices market in Asia Pacific is expected to expand at a significant rate, due to an increase in the penetration of market players operating in the aesthetic industry in emerging countries such as China and India and rise in consumer awareness about various aesthetic procedures in the region. The market in other regions, such as Middle East & Africa and Latin America, is expected to offer luctative opportunities to the cryolipolysis devices market in the near future, due to the high adoption rate of advanced medical devices and a rapidly developing health care industry in the regions.
Major players operating in the global cryolipolysis devices market include ZELTIQ Aesthetics, Inc., Sinus Medical Deutschland GmbH, Zimmer Aesthetics, and Solta Medical.
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