by The body fat reduction market comprises of various non-invasive and minimally-invasive procedures and products that help in reducing excess body fat or localised adiposity. Products include cryolipolysis, laser lipolysis devices, high-intensity focused ultrasound systems and radiofrequency devices. These FDA-approved technologies aids in reducing fat through various mechanisms such as inducing controlled injury to fat cells, warming fat cells to the point of coagulation and controlled heating/cooling of fat cells. The demand for body contouring and body sculpting procedures is growing among people aiming to achieve welldefined physiques and alleviate low confidence resulting from excess body fat deposition.
The global body fat reduction market is estimated to be valued at US$ 7.85 Bn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the body fat reduction market are Allergan Plc, Alma Lasers, Apyx
Medical Corporation, Asclepion Laser Technologies GmbH, Bausch Health Companies Inc., BTL Industries, Cutera, Inc., Cynosure, EndyMed Medical Ltd, Fotona, InMode Ltd., Lumenis, Sciton, Inc., Sientra, Inc., and Syneron Medical Ltd.
The key Body Fat Reduction Market size include increasing demand for non-invasive procedures, technological advances, and new product launches. Many players are focusing on developing more effective yet safer technologies for body contouring.
Globally, the market is witnessing high growth in developed regions like North America and Europe owing to high obesity rates, large disposable incomes and advanced healthcare systems. However, increasing awareness about aesthetic procedures in developing Asian and Latin American countries is expected to drive the global expansion of the body fat reduction market during the forecast period.
Market Drivers
The increasing emphasis on physical appearance and lifestyle changes among individuals is a key factor driving the body fat reduction market. Advanced technologies allow safe and effective reduction of localised adiposity without major surgery or downtime. Also, the rising prevalence of obesity worldwide due to poor dietary habits and sedentary jobs has boosted the demand for non-invasive body sculpting solutions. Furthermore, growing social media influence and increasing disposable incomes are expected to propel the body fat reduction market forward.
PEST Analysis
Political: Regulations around the usage and claims of body fat reduction procedures and products. Certain procedures require medical certification and licensing.
Economic: Disposable income levels and ability/willingness of consumers to pay for elective body contouring procedures and devices. Economic climate also impacts spending trends. Social: Emphasis on fitness, health and appearance. Growing social acceptance of body sculpting/contouring procedures and positive body image. Influence of celebrities and social media portraying certain body types.
Technological: In the Body Fat Reduction Market challenges and opportunities include advancements in technologies enabling non-invasive and minimally invasive body contouring procedures and products. Developments in lasers, radiofrequency, cryolipolysis, and high-intensity focused ultrasound are driving growth in the market.
The geographical regions where the body fat reduction market in terms of value is concentrated currently are North America and Europe. North America accounts for the major share due to availability of advanced treatments, higher consumer awareness and disposable income levels in the region. Europe is another major regional market driven by growing social acceptance of body contouring procedures in the region.
The Asia Pacific region is projected to be the fastest growing geographical market for body fat reduction during the forecast period from 2024 to 2031. This is attributed to rising health and fitness consciousness, growing middle class population with increased spending power, rising medical tourism and healthcare infrastructure development in populous countries such as China and India. Greater social media penetration is also positively influencing body image perceptions in the Asia Pacific region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
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