NEW YORK, Aug. 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global body fat reduction market size was worth USD 8,291.5 million in 2021 and is estimated to grow to USD 14,450.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.7 percent over the forecast period.
Body Fat Reduction Market: Overview
Adipose tissue, also known as body fat, is a complex connective tissue with specific functions in endocrine and metabolic function. In health, medicine or physical fitness, body fat reduction refers to a reduction in total body mass caused by loss of fluid, removal of body fat adipose tissue, or lean mass, particularly muscle, bone mineral deposits, tendon, and other connective tissue. Body fat removal methods are largely used in cosmetic surgery to remove excess fats or fatty tissue from the body, surgically or non-surgically. Different treatments such as cryolipolysis, red light therapy, liposuction, abdominoplasty (tummy tuck), laser lipolysis, ultrasound, and injectable treatment are available on the market. The rise in the prevalence of obesity is expected to drive demand for body fat reduction procedures. Obesity is rising as a public health problem in developed and developing countries, mostly because of stressful and unhealthy lifestyles among the population. Therefore, people are looking for solutions to reduce excess body fat, as being overweight is the main reason for the chain of other significant diseases. Increasing focus on outer appearance and aesthetics is also promoting the growth of the body fat reduction market.
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Key Industry Insights & Findings of the Body Fat Reduction Market Reports:
- As per the analysis shared by our research analyst, the Body Fat Reduction Market is expected to grow annually at a CAGR of around 9.7 % (2022-2028).
- Through the primary research, it was established that the Body Fat Reduction Market was valued at approximately USD 8291.5 million in 2021 and is projected to reach roughly USD 14450.2 million by 2028.
- Obesity is rising as a public health problem in developed and developing countries, mostly because of stressful and unhealthy lifestyles among the population.
- Adopting natural methods to reduce weight, such as opting for healthy lifestyles, reducing calorie intake, increasing physical activities, and adopting a healthy diet might hamper the growth of the body fat reduction market.
- North America accounted for a major share of the global body fat reduction market in 2021 and is expected to remain dominant during the forecast period.
- Asia-Pacific is anticipated to witness notable growth due to the overall population increase, investments in the healthcare sector, and the rise in facilities offering body fat reduction services in the region.
Zion Market Research published the latest report titled "Body Fat Reduction Market By Procedure (Surgical, Non-surgical), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Medical Spas, Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 - 2028." into their research database.
Industry Dynamics:
Body Fat Reduction Market: Growth Drivers
- The rise in the number of people suffering from obesity to drive market growth.
Obesity is rising as a public health problem in developed and developing countries, mostly because of stressful and unhealthy lifestyles among the population. The rise in cases of obesity is also seen due to lifestyle changes, poor eating habits, adoption of a sedentary lifestyle, and lack of exercise. Therefore, people are looking for solutions to reduce excess body fat, as being overweight is the main reason for the chain of other significant diseases. All of these factors are projected to spur the global body fat reduction market growth.
Body Fat Reduction Market: Restraints
- Adoption of the conventional method of reducing obesity hinders the market growth.
Adopting natural methods to reduce weight, such as opting for healthy lifestyles, reducing calorie intake, increasing physical activities, and adopting a healthy diet might hamper the growth of the body fat reduction market.
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Global Body Fat Reduction Market: Opportunities
- Technological advancements bring up several growth opportunities.
Technological advancements in the treatment of body fat reduction procedures such as surgical methods: abdominoplasty, cryolipolysis, & liposuction and non-surgical methods: ultrasound, lipolysis, laser, & other treatments are on the rise, owing to an increase in consumption for enhancement of aesthetics, excessive fat decrease, and various body shape contouring treatments due to self-consciousness among individuals. This will provide opportunities for key players in the global body fat reduction market growth.
Global Body Fat Reduction Market: Challenges
- The high cost of body fat reduction treatment hinders the market growth.
The cost of body fat reduction treatment is high, and it is still difficult for many target customers to afford these services. Hence, the body fat reduction market is still stagnant in countries which are having lower disposable income and low purchasing power.
Global Body Fat Reduction Market: Segmentation
- The global body fat reduction market is segregated based on procedure, gender, and service provider.
Based on procedure, the market is divided into surgical and non-surgical. The surgical segment dominates the market, accounting for a major share of global sales. As surgical methods give better results and are also time efficient, surgical methods are more preferred than non-surgical methods.
Based on gender, the market is classified into male and female. Over the forecast period, the female segment is expected to be the most lucrative segment. Females are more conscious about their appearance and opt for body fat reduction methods.
The market is classified into hospitals, clinics, medical spas, and others based on the service provider. The clinic's segment dominates the market, accounting for a major global revenue share. Clinics provide specific body fat reduction services to required individuals.
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List of Key Players in Body Fat Reduction Market:
- Amirlak Plastic Surgery
- JK plastic surgery center
- Apollo cosmetic clinics
- Elite Body Sculpture
- The Plastic Surgery Clinics
- Transform Cosmetic Surgery
- VIDA Wellness & Beauty
- Elite Body Sculpture
- Waldman Schantz Plastic Surgery Centerm
- VLCC Wellness & Beauty Center among others.
Key questions answered in this report:
- What are the growth rate forecast and market size for Body Fat Reduction Market?
- What are the key driving factors propelling the Body Fat Reduction Market forward?
- What are the most important companies in the Body Fat Reduction Market Industry?
- What segments does the Body Fat Reduction Market cover?
- How can I receive a free copy of the Body Fat Reduction Market sample report and company profiles?
Report Scope:
Report Attribute | Details |
Market size value in 2021 | USD 8291.5 Million |
Revenue forecast in 2028 | USD 14450.2 Million |
Growth Rate | CAGR of almost 9.7 % 2022-2028 |
Base Year | 2020 |
Historic Years | 2016 - 2021 |
Forecast Years | 2022 - 2028 |
Segments Covered | By Product Type, By Application, And By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Amirlak Plastic Surgery, JK plastic surgery center, Apollo cosmetic clinics, Elite Body Sculpture, The Plastic Surgery Clinics, Transform Cosmetic Surgery, VIDA Wellness & Beauty, Elite Body Sculpture, Waldman Schantz Plastic Surgery Centerm, and VLCC Wellness & Beauty Center among others. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail of customized purchase options to meet your exact research needs. https://www.zionmarketresearch.com/custom/5661 |
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Recent Developments
- October 2019: Lindora acquired Erchonia's Zerona Z6, which manufactures body contouring machines that provide full-body fat loss treatment. This has helped the company to strengthen its body fat reduction service portfolio in the West region.
- October 2019: VLCC Wellness announced a strategic partnership with Minor Hotels to expand its beauty centers and therapeutic wellness. This partnership has helped the company to expand its business opportunities.
Regional Dominance:
- North America dominated the body fat reduction market in 2021.
North America accounted for a major share of the global body fat reduction market in 2021 and is expected to remain dominant during the forecast period. This is attributed to a rise in obesity cases, key players providing body fat reduction services, advancements in technology, an increase in healthcare expenditure, and a rise in government initiatives in the region. However, Asia-Pacific is anticipated to witness notable growth due to the overall population increase, investments in the healthcare sector, and the rise in facilities offering body fat reduction services in the region.
Global Body Fat Reduction Market is segmented as follows:
Body Fat Reduction Market: By Procedure Outlook (2022-2028)
- Surgical
- Non-surgical
Body Fat Reduction Market: By Gender Outlook (2022-2028)
- Male
- Female
Body Fat Reduction Market: By Service Provider Outlook (2022-2028)
- Hospitals
- Clinics
- Medical Spas
- Others
Body Fat Reduction Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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