The global body fat reduction market size is expected to reach USD 15.33 billion by 2030 according to a new study by Polaris Market Research. The report “Body Fat Reduction Market Share, Size, Trends, Industry Analysis Report, By Gender (Male, Female), By End-Use (Hospitals & Clinics, Medical Spas, Others); By Procedure; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major propelling factors are that the growing obese population pool will positively influence the market growth. The rise in consumption of high-carbohydrate foods coupled with a sedentary lifestyle is expanding obesity cases across the globe. Thus, the focus on body contouring treatment is also rising with increasing disease pervasiveness. In addition, with aging, the skin is more prone to sagging and aging effects. This will widen the acceptance of such procedures among elderly populations in developed countries, influencing the demand worldwide.
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Based on gender, the female segment is dominating the global body fat reduction industry with the largest revenue shares. This is due to the demand for such techniques among married Asian women being comparatively higher than men and increasing robustly. Further, obesity is more common in females than males, showing higher penetration of the product in the concerned population. Minimally invasive procedures coupled with the huge interest of global and local industry players to decrease the invasiveness of such procedures, such as Cryolipolysis, ultrasound, and radiofrequency laser lipolysis, is likely to drive the demand.
For instance, Cutera, Inc. has received approval from the Canadian health authority for its truSculptiD system, a non-invasive fat reduction product. Additionally, non-surgical devices also support long-term fat cell destruction coupled with quick outcomes in a shorter duration. Therefore, the growing technological developments by key players to improve aesthetic appeal among people will spur market growth.
Market participants such as VLCC Wellness, Apollo Hospitals, Cutera Inc., Bausch Health Companies Inc. (Solta Medical International Inc.), Elsevier Inc., AbbVie Inc., Cynosure, LLC, Elite Body Sculpture, Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd (Alma Lasers Ltd.), and Candela Medical are some of the key players operating in the global market.
These companies are stimulating their service portfolio and accompanying healthcare settings to reinforce their customer base. For instance, In October 2020, Elite Body Sculpture’s Innovative Method, AirSculpt(R), used precision technology to remove unwanted fat using non-invasive technology and reduce procedure downtime for better patient engagement.
Polaris Market Research has segmented the body fat reduction market report on the basis of procedure, gender, end-use, and region:
Body Fat Reduction, Procedure Outlook (Revenue - USD Billion, 2018 - 2030)
Body Fat Reduction, Gender Outlook (Revenue - USD Billion, 2018 - 2030)
Body Fat Reduction, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Body Fat Reduction, Regional Outlook (Revenue - USD Billion, 2018 - 2030)