The Global Body Fat Reduction Industry is on a dynamic growth trajectory, with an impressive compound annual growth rate (CAGR) of 9.6% predicted during the forecast period. By 2023, the market is expected to reach a substantial revenue of US$ 10.65 billion, and its upward momentum is projected to continue, crossing an estimated value of US$ 25.6 billion by 2033.
A comprehensive research report on the Global Body Fat Reduction Industry reveals that changing lifestyles and dietary habits have contributed to an increasing prevalence of obesity and excessive body fat. This has, in turn, led to a surge in chronic health conditions, including diabetes, hypertension, and life-threatening diseases. The demand for weight loss procedures and post-pregnancy body alterations has been steadily rising.
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Key Takeaways
- An increase in the acceptability of fat loss procedures, an increase in discretionary money, and an expansion in the glamour industry are all projected to have a beneficial impact on the fat reduction market’s growth in the next years.
- In the coming years, however, problems connected with fat reduction procedures such as seroma, infections, necrosis, and hematoma are predicted to hamper the demand for body fat reduction
- Nonetheless, a rise in marketing and advertising by companies is projected to propel the Global Body Fat Reduction Industry in the future years.
- Due to increasing cosmetic procedures and knowledge about aesthetics, North America has the highest body fat reduction market share. The increased popularity of contouring procedures in the region is also helping to propel regional market expansion.
- Due to rising disposable income, Europe is predicted to have massive growth with a high CAGR.
Competitive Landscape
The study report for the Global Body Fat Reduction Industry provides valuable information with a focus on the global market. Apollo Hospitals, Elite Body Sculpture, The Plastic Surgery Clinics, VLCC Wellness, and Beauty Center are the key players in the body fat reduction market.
The competitive landscape section also contains a global study of the above-mentioned competitors’ major development strategies, market share, and market position.
The industrial landscape will be improved by continuous technological advancements in equipment as well as a variety of surgical and non-surgical fat loss techniques.
Moreover, there are several established local market competitors that are constantly developing revolutionary devices with novel approaches such as radiofrequency laser lipolysis, light therapy, and other technologies.
- VLCC Wellness announced a collaboration with Minor Hotels in October 2019 to develop its therapeutic wellness and beauty centres. The company’s business potential has increased as a result of this strategy.
- Lindora acquired Erchonia’s Zerona Z6 body contouring equipment in October 2019, which enables full-body fat removal The company’s body fat reduction service offering on the west coast has been expanded as a result of this.
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Key Players
- Amirlak Plastic Surgery
- JK Plastic Surgery Center
- Apollo cosmetic clinics
- Elite Body Sculpture
- The Plastic Surgery Clinics
- Transform Cosmetic Surgery
- VIDA Wellness & Beauty
- Waldman Schantz Plastic Surgery Center
- VLCC Wellness & Beauty Center
Segmentation
By Procedure:
- Surgical
- Liposuction
- Abdominoplasty
- Non-surgical
- Cryolipolysis
- Ultrasound
- Laser Lipolysis
- Others
By Gender:
- Female
- Male
By Service Provider:
- Hospitals
- Clinics
- Medical Spas
- Others
Key Regions Covered:
- North America
- UNITED STATES
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- MEA
- GCC Countries
- Israel
- South Africa
- Rest of Middle East Asia (MEA)
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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