"Five years ago, skin tightening and body shaping were pipeline industries, embraced by forward-looking companies seeking to expand market share," said Michael Moretti, President of Medical Insight, Inc "The rapid emergence of energy- based technologies and innovative devices are creating new sources of revenue for brands currently in the market and will pave the way for others to enter the field. These modalities will also drive growth in the lucrative non- physician aesthetic category, including medispas and corporate franchises."
Body shaping encompasses a range of procedures that target size and weight reduction, as well as toning, firming and cellulite treatment. Skin tightening procedures address wrinkles and skin laxity on the face and body. In 2006, over 14 million procedures were performed in this category, generating in excess of $4 billion in practitioner fees. "By 2011, we'll see more than 36 million procedures in these areas, producing over $8 billion in professional fees," according to Moretti. "U.S. fee growth will outpace that of the rest of the world as the U.S. continues to support strong demand and high pricing."
Another important factor expanding manufacturer revenues in this space is sales of disposable components for aesthetic devices. Over the next five years, sales of disposables are expected to rise strongly by 39.7% per year to more than $400.6 million.
