Global Body Fat Reduction Market Overview:
According to SPER Market Research, the Global Body Fat Reduction Market is estimated to reach USD 16.12 billion by 2030 with a CAGR of 8.2%.
Body fat reduction is the term used to describe a reduction in total body weight brought on by the loss of fluid, adipose tissue, or lean mass, including bone mineral deposits, muscle, tendon, and other connective tissue. It is the process of reducing extra body fat with a variety of goals in mind, such as improving the shape and appearance of the body. Adipose tissue, or body fat, has particular roles in the metabolism and endocrine system. The removal of extra adipose tissue or fats from the body via surgical or non-surgical means is a common practice in cosmetic surgery. there are many treatments on the market, including abdominoplasty (tummy tuck), laser lipolysis, cryolipolysis, liposuction, ultrasound, red light therapy, and injectable therapy.
Obesity is a growing public health issue in both industrialised and emerging nations, largely due to the population's unhealthy, stressful lifestyle. In addition to genetic, physiological, and environmental factors, eating habits, exercise preferences, and physical activity levels all contribute to obesity. People use surgical and non-surgical methods to achieve their goal of losing body fat. thus, it is anticipated that the body fat reduction market will grow due to the rise in obesity cases brought on by bad eating habits, lifestyle changes, lack of exercise, and adoption of a sedentary lifestyle, as well as favourable government policies and programmes for obesity that are encouraging the adoption of body fat reduction procedures.
Due to its emphasis on minimum blood loss, shorter patient stays, safety, and convenience of use, minimally invasive therapy approaches for body fat removal are becoming more and more popular. Because they are more affordable, less intrusive, and uncomfortable, and have a lower risk of consequences, minimally invasive procedures are predicted to dominate the market. The procedure of enhancing the appearance of the face and body is known as aesthetic plastic surgery (sometimes referred to as cosmetic surgery). Increased demand for surgical and non-surgical body contouring or body shaping procedures also contributes to the market's expansion.
In addition, surgeries to lose weight or alter the body after childbirth are becoming more popular. Young people and women are becoming more conscious of their physical appearance and fitness levels in order to achieve body slimming. Therefore, it is anticipated that these factors will significantly drive the expansion of the body fat reduction market over the forecast period.
The global fat reduction market is segmented n the basis of procedure, service provider and gender. On the basis of procedure, the surgical segment dominated the market is expected to dominate the market during forecast period due to rising demand for weight loss and obesity treatments and aesthetic improvement operations. On the basis of service provider, hospitals and clinics subsegment is expected to dominate during the forecast period. On the basis of gender, the female subsegment will dominate the market due to elf-conscious about having attractive and artistic appearances. However, the high cost of these procedures and some side effects following therapy are anticipated to hinder market expansion.
Impact of COVID-19 on the Global Body Fat Reduction Market
The COVID-19 pandemic has had a significant negative influence on the expansion of the body fat reduction sector since it has temporarily halted some medical treatments and suspended some aesthetic treatment procedures. However, a rise in weight gain difficulties was caused by the temporary closure of fitness centres and the adoption of the work from home (WFH) culture, which is predicted to spur market expansion over the course of the projection period.
Scope of the report
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Procedure, By Service Provider, By Gender
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | AbbVie Inc. (Allergan Inc.), Apollo Hospitals Enterprise Limited, Bausch Health Companies Inc., Cutera, Inc., Candela Medical, Cynosure, Llc, Lumenis Ltd, Sciton Inc., Sisram Medical Ltd, Vlcc Health Care Limited.
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Global Body Fat Reduction Market Segmentation:
By Procedure: Based on the Procedure, Global Body Fat Reduction Market is segmented as; Surgical (Abdominoplasty, Liposuction), Non-Surgical (Ultrasound, Cryolipolysis, Others).
By Service Provider: Based on the Service Provider, Global Body Fat Reduction Market is segmented as; Hospitals, Clinics, Medical Spas, Others.
By Gender: Based on the Gender, Global Body Fat Reduction Market is segmented as; Females and Males.
By Region: North America is expected to maintain its leadership position during the projection period. Due to the rising frequency of obesity cases, the existence of important players, an increase in healthcare spending, technological improvements, and an increase in regional government efforts.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Body Fat Reduction Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Body Fat Reduction Market, By Procedure, 2019-2030 (USD Million)
6.1 Surgical
6.1.1 Abdominoplasty
6.1.2 Liposuction
6.2 Non-Surgical
6.2.1 Ultrasound
6.2.2 Cryolipolysis
6.2.3 Others
7. Global Body Fat Reduction Market, By Service Provider, 2019-2030 (USD Million)
7.1 Hospitals
7.2 Clinics
7.3 Medical Spas
7.4 Others
8. Global Body Fat Reduction Market, By Gender, 2019-2030 (USD Million)
8.1 Females
8.2 Males
9 Global Body Fat Reduction Market, By Region, 2019-2030 (USD Million)
9.1 North America
9.1.1. United States
9.1.2. Canada
9.1.3. Mexico
9.2 Europe
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3 Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4 South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5 Middle East & Africa
9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa
10 Company Profiles
10.1 AbbVie Inc. (Allergan Inc.)
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2 Apollo Hospitals Enterprise Limited
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3 Bausch Health Companies Inc.
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4 Cutera, Inc.
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5 Candela Medical
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6 Cynosure, Llc
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7 Lumenis Ltd
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8 Sciton Inc.
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9 Sisram Medical Ltd
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. VLCC Health Care Limited
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments