Global Body Fat Reduction Market is Likely to Grow at a CAGR Value of 9.7% By 2028

06-Aug-2022 | Zion Market Research

The global body fat reduction market size was worth USD 8,291.5 million in 2021 and is estimated to grow to USD 14,450.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.7 percent over the forecast period. The report analyzes the body fat reduction market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the body fat reduction market.

Adipose tissue, also known as body fat, is a complex connective tissue with specific functions in endocrine and metabolic function. In health, medicine, or physical fitness, body fat reduction refers to a reduction in total body mass caused by loss of fluid, removal of body fat adipose tissue, or lean mass, particularly muscle, bone mineral deposits, tendon, and other connective tissue. Body fat removal methods are largely used in cosmetic surgery to remove excess fats or fatty tissue from the body, surgically or non-surgically. Different treatments such as cryolipolysis, red light therapy, liposuction, abdominoplasty (tummy tuck), laser lipolysis, ultrasound, and injectable treatment are available in the market.

A rise in the prevalence of obesity is expected to drive demand for body fat reduction procedures. Obesity is rising as a public health problem in developed and developing countries, mostly because of stressful and unhealthy lifestyles among the population. Therefore, people are looking for solutions to reduce excess body fat, as being overweight is the main reason for the chain of other significant diseases. Increasing focus on outer appearance and aesthetics is also promoting the growth of the global body fat reduction market.

Global Body Fat Reduction Market

The global body fat reduction market is segregated based on procedure, gender, service provider, and region. Based on procedure, the market is divided into surgical and non-surgical. Among these, the surgical segment dominated the market in 2021, accounting for a major share of global sales. Based on gender, the market is classified into male and female. Over the forecast period, the female segment is expected to be the most lucrative segment. The market is classified into hospitals, clinics, medical spas, and others based on service providers. The clinic segment dominates the market, accounting for a major share of global revenue in 2021.

The global body fat reduction market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America accounted for a major share of the global body fat reduction market in 2021 and is expected to remain dominant during the forecast period. This is attributed to the rise in obesity cases, the presence of key players providing body fat reduction services, advancements in technology, an increase in healthcare expenditure, and a rise in government initiatives in the region. However, Asia-Pacific is anticipated to witness notable growth due to an increase in the overall population, increased investments in the healthcare sector, and a rise in facilities offering body fat reduction services in the region.

Key players functioning in the global body fat reduction market include Amirlak Plastic Surgery, JK plastic surgery center, Apollo cosmetic clinics, Elite Body Sculpture, The Plastic Surgery Clinics, Transform Cosmetic Surgery, VIDA Wellness & Beauty, Elite Body Sculpture, Waldman Schantz Plastic Surgery Centerm, and VLCC Wellness & Beauty Center among others.

Recent developments:

  • October 2019: Lindora acquired Erchonia's Zerona Z6, which manufactures body contouring machines that provide full-body fat loss treatment. This has helped the company to strengthen its body fat reduction service portfolio in the West region.
  • October 2019: VLCC Wellness announced a strategic partnership with Minor Hotels to expand its beauty centers and therapeutic wellness. This partnership has helped the company to expand its business opportunities.

Browse the full Body Fat Reduction Market By Procedure (Surgical, Non-surgical), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Medical Spas, Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/body-fat-reduction-market

Global Body Fat Reduction Market is segmented as follows:

By Procedure

  • Surgical
  • Non-surgical

By Gender

  • Male
  • Female

By Service Provider

  • Hospitals
  • Clinics
  • Medical Spas
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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