The Canadian aesthetic devices market has gained a lot of momentum in the recent years due to the increase in the cosmetic procedures being performed. Lipoplasty, is also one of the most common plastic surgery internationally. With the increasing obese population (who are the primary payer for this service), demand for lipoplasty is expected to increase, which in turn is expected to drive the aesthetic device market in Canada.The growing proportion of obese population, including youth, adult men and women, will be the primary driver of the aesthetic device market in Canada.
The other factors that are driving the market growth include increasing awareness regarding aesthetic procedures and rising adoption of minimally-invasive devices, and technological advancement in devices.
Key Market Trends
Body Contouring and Cellulite Reduction Segment is Expected to Register High Growth in the Forecast Period
Body contouring, or body sculpting, refers to surgical procedures that improve the appearance of skin and tissue after major weight loss. Body contouring surgeries can include panniculectomy (removal of excess skin in the lower abdominal region), abdominoplasty (tummy tuck), liposuction, and excisional body lifts, such as a lower body lift, arm lift (brachioplasty), inner thigh lift or buttock augmentation.
Changes in lifestyle have resulted in increase in the number of obese population in Canada. According to Public Health Agency of Canada 2017 report, being overweight or obese is one of the top preventable risk factors for many chronic diseases, including type 2 diabetes, heart disease, and cancer. Hence, increase in all these diseases are expected to increase the demand for fat reduction therapies and procedures, which will help the growth of body contouring and cellulite reduction segment.
Canada is a developed country and it has the presence of most of the global players in the aesthetic devices market. Moreover, the country has a developed healthcare system and rate of adoption of newer technologies is higher. This makes this market more lucrative for innovation, which encourages companies to enter the Canadian market.
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