Overview and Scope
Body fat reduction is the process of reducing excess body fat with several objectives, such as improving body aesthetics and shape, with the assistance of surgeries and operations. In addition to exercises and a healthy diet, surgical and non-surgical methods are also effective ways to get rid of excess fat. Body fat reduction offers solutions to reduce excess body fat.
Sizing and Forecast
The body fat reduction market size has grown strongly in recent years. It will grow from <b>$11.84 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. </b> The growth in the historic period can be attributed to rise in concerns about obesity, expansion of the fitness and wellness industry, growth of the medical tourism industry, rise in healthcare spending.
The body fat reduction market size is expected to see strong growth in the next few years. It will grow to <b>$18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. </b> The growth in the forecast period can be attributed to rising disposable income, changing cultural norms and beauty standards, increasing adoption of minimally invasive and non-surgical procedures, rising healthcare infrastructure. Major trends in the forecast period include targeted fat reduction, ai and personalization, combination therapies, sustainable and eco-friendly practices, strategic partnerships.
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Segmentation & Regional Insights
The body fat reduction market covered in this report is segmented –
1) By Procedure: Surgical, Liposuction, Abdominoplasty, Non-Surgical, Cryolipolysis, Ultrasound
2) By Gender: Male, Female
3) By Service Provider: Medical Spas, Hospitals, Clinics
<b>North America</b> was the largest region in the body fat reduction market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the body fat reduction market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
A significant rise in obesity rates and obese population is driving demand for body fat reduction techniques. Obesity is a significant public health crisis and so, obese patients are preferring solutions to reduce excess body fat. According to WHO, global obesity has tripled since 1975. In the USA, for instance, 16 states have obesity rates of 35% or higher as of 2021. Therefore, increasing obese population is driving the growth of the body fat reduction market.
Key Industry Players
Major companies operating in the body fat reduction market include <b> AbbVie Inc., Apollo Hospitals Enterprise Limited, Cutera Inc., Cynosure LLC, Vlcc Health Care Limited, Solta Medical International Inc., Lumenis Ltd., Sciton Inc., Sisram Medical Ltd., Elite Body Sculpture, Fosun Pharmaceuticals Co. Ltd., VIDA Wellness and Beauty, JK Plastic Surgery Center, Candela Medical Corporation, Erchonia Corporation, InMode Ltd., Ideal Image, Sono Bello, SculpSure, Body Contour Centers, LaserAway, LipoLaser of West Chester Inc., Advanced Body Sculpting of New England, Zerona, UltraShape, Amirlak Plastic Surgery </b>
The body fat reduction market report table of contents includes:
1. Executive Summary
2. Body Fat Reduction Market Characteristics
3. Body Fat Reduction Market Trends And Strategies
4. Body Fat Reduction Market – Macro Economic Scenario
5. Global Body Fat Reduction Market Size and Growth
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26. South America Body Fat Reduction Market
27. Brazil Body Fat Reduction Market
28. Middle East Body Fat Reduction Market
29. Africa Body Fat Reduction Market
30. Body Fat Reduction Market Competitive Landscape And Company Profiles
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