The Global Body Fat Reduction Industry is on the brink of a remarkable surge, with a projected Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period. According to a recent comprehensive report by Future Market Insights, a leading authority in market intelligence, the market is set to achieve a substantial revenue milestone of US$10.65 billion by 2023, with momentum propelling the industry to an estimated US$25.6 billion by 2033.
This in-depth study sheds light on the key factors fueling this dynamic expansion, highlighting the profound impact of changing lifestyles and dietary habits worldwide. The rise in obesity and excessive body fat has reached unprecedented levels, contributing to an alarming increase in chronic health conditions such as diabetes, hypertension, and life-threatening diseases.
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Global Body Fat Reduction Industry 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.
Global Body Fat Reduction Industry 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 centers. 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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Global Body Fat Reduction Industry 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
Global Body Fat Reduction Industry 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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