The Body Fat Reduction Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Body Fat Reduction Global Market Report 2024, The body fat reduction market size has grown strongly in recent years. It will grow from $11.84 billion in 2024 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. 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 $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. 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.
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.
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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
Technological developments are a key trend gaining popularity in the body fat reduction market. These technological advances include new and improved body fat reduction methods. For instance, in January 2021, Allergan plc, an Ireland-based pharmaceutical company, launched CoolSculpting Elite, its next-generation fat-reduction technology, which includes applicators that are meant to match the body’s natural contours. CoolSculpting Elite uses tried-and-true CoolSculpting technology to identify, freeze, and remove treated fat cells.
The body fat reduction market report table of contents includes:
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Top 5 Major Key Players Are:
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