The global body fat reduction market is poised for significant expansion, with expectations to achieve a compound annual growth rate (CAGR) of 9.6% during the forecast period. With a projected revenue of USD 10.65 billion in 2023, the market is anticipated to soar beyond USD 25.6 billion by 2033.
A recent research report highlights that changing lifestyles and dietary habits have contributed to rising obesity levels, leading to a surge in chronic diseases such as diabetes, hypertension, and other life-threatening conditions. In response, there is an increasing demand for effective weight loss solutions and body transformation procedures, particularly among individuals looking to regain their fitness post-pregnancy.
The growing awareness among younger demographics, especially women, regarding body image and fitness is further driving the demand for body slimming solutions. The influence of social media fitness trends and transformation journeys is shaping consumer behavior and fueling the popularity of body fat reduction techniques.
Significantly, the approval of liraglutide, a diabetes medication repurposed as a weight loss and body fat reduction pill, has revolutionized the market landscape. This advancement is indicative of the evolving approach to body fat management, where pharmaceutical solutions play a crucial role alongside traditional methods.
Looking ahead, non-invasive surgeries utilizing robotic technology are emerging as the future of fat removal treatments. These innovative procedures offer a promising alternative to traditional surgical options, aligning with the growing consumer preference for safer and more efficient body fat reduction methods.
As the body fat reduction market evolves, stakeholders are encouraged to invest in research and development to enhance treatment options and meet the increasing demand for effective body transformation solutions.
This expansion is driven by increasing health consciousness, rising obesity rates, and growing demand for aesthetic body treatments. As more individuals seek solutions for fat reduction and body contouring, advancements in non-invasive technologies, such as laser treatments, cryolipolysis, and ultrasound, are gaining popularity and becoming more accessible to consumers worldwide.
This robust growth is driven by increasing consumer awareness about health and fitness, advancements in body fat reduction technologies, and a growing emphasis on aesthetic and wellness solutions. The rising prevalence of obesity and related health issues is also contributing to the heightened demand for effective body fat reduction methods.
As the market evolves with new technologies and innovative treatments, it is set to become a significant segment of the broader health and wellness industry.
Body Fat Reduction Market 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.
Body Fat Reduction Market 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.
Body Fat Reduction Market 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
Body Fat Reduction Market 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)
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 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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
