|Market Size in 2021||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 8,291.5 Million||USD 14,450.2 Million||9.7%||2021|
Body Fat Reduction Market
The 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 also promotes the growth of the body fat reduction market.
According to the report, the global body fat reduction market size was worth about 8,291.5 million in 2021 and is predicted to grow to around 14,450.2 million by 2028, with a compound annual growth rate (CAGR) of around 9.7 percent.
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, presence of key players providing body fat reduction services, advancements in technology, increase in healthcare expenditure, and rise in government initiatives in the region. However, Asia-Pacific is anticipated to witness notable growth due to the overall population increase, investments in the healthcare sector, and the rise in facilities offering body fat reduction services in the region.
Some of the main competitors dominating 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.