CoolSculpting, the fad for freezing fat, rapidly expands internationally
Four months ago, we profiled CoolSculpting ($NASDAQ:ZLTQ), a non-invasive fat reduction procedure. Owned by pharma giant Allergan ($NYSE:AGN), it saw a 73% growth in places that offer the procedure over the past two years, as it targets upper-middle class Americans with discretionary income to burn (fat, that is).
Not only is CoolSculpting continuing to grow in America, it has seen some serious international expansion, especially in Europe.
On January 14, the number of places in the United States that offered CoolSculpting — i.e. aesthetic spas — saw a year-over-year growth of 14.92%, or an increase of 537 stores. Meanwhile, outside of the U.S., the number of places to get CoolSculpting increased by 57% year-over-year, as 947 new licensed locations opened up around the globe. One of the most notable regions for growth is in Europe, where CoolSculpting made major strides in Spain, Switzerland, and the United Kingdom.
Combining both growth patterns, CoolSculpting saw a year-over-year growth of 28.21% from January 14, 2018 to January 14, 2019.
CoolSculpting Locations in 2018
CoolSculpting Locations Today
|Country||Number of CoolSculpting Locations|
|United Arab Emirates||34|
|Trinidad and Tobago||1|