The global body fat reduction market was valued at $7,587.77 million in 2020, and is projected to reach $13,910.63 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.
Body fat is commonly the accumulation of adipose tissue, a complex connective tissue with specialized roles in metabolism and endocrine function. Body fat reduction, in the context of medicine, health, or physical fitness, refers to decrease in total body mass caused by loss of fluid, body fat adipose tissue, or lean mass, notably bone mineral deposits, muscle, tendon, and other connective tissue. Body fat removal techniques are often utilized in cosmetic surgery to eliminate excess adipose tissues or fats from the body either by a surgical or a non-surgical procedure.
Higher percentage of body fat leads to weight gain in individuals and further leads to obesity. Obesity is a complicated illness characterized by excess of body fat. Obesity is more than simply an aesthetic issue. It is a medical condition that raises the chance of developing other diseases and health issues, such as heart disease, diabetes, high blood pressure, and some malignancies. Obesity in males is defined as a proportion of body fat more than 25%, with 21-25% considered borderline. Obesity is defined as having a body mass index (BMI) of greater than 33% in women. The higher the proportion of body fat, the more probable is it to develop obesity-related diseases such as cardiac diseases, hypertension, higher chances of having a stroke, and type 2 diabetes.
According to the World Health Organization (WHO), most of the world's population live in countries where overweight and obesity kills more people than underweight individuals and 39 million children under the age of 5 were overweight or obese in 2020 globally. Overweight and obesity, formerly thought to be a problem only in high-income nations, are now on the rise in low and middle income countries, particularly in metropolitan areas. In Africa, the number of overweight children under 5 has increased by nearly 24% since 2000. Almost half of the children under 5 who were overweight or obese in 2019 live in Asia.
Growth of the global body fat reduction market is majorly driven by rise in consumption of carbohydrate-based foods, packaged foods, poor eating habits, and unhealthy lifestyle among young generation as well adults thus leading to weight gain and further obesity. Furthermore, according to the World Obesity Federation if the current trends continue, it is estimated that approximately 2.7 billion adults will be overweight, over 1 billion affected by obesity, and 177 million adults severely affected by obesity by 2025. Thus, surge in obesity population is expected to boost the body fat reduction market.
Moreover, rise in demand for aesthetic enhancement procedures such as cryolipolysis, laser lipolysis, liposuction, tummy tuck also known as abdominoplasty, ultrasound, injectable treatments, red light therapy, and others, owing to self-consciousness among the population, especially in women for beautification is on the rise. According to the American Society of Plastic Surgeons (ASPS) report in 2020, it is estimated that in America 15.6 million of cosmetic procedures were performed among which there were 2.3 million cosmetic surgical procedures and 13.2 million cosmetic minimally-invasive procedures. In addition, approximately $16.7 billion was spent on cosmetic procedures in the U.S.
In contrast, these procedures led to certain complications such as seroma, infections, necrosis as well as hematoma (bleeding under the skin), lumpy and uneven results, persistent numbness that can last for months, changes in skin color in the treated areas, pulmonary edema and others. Lack of reimbursement from insurance companies and high cost of the procedure is also a factor that may hinder the growth of the market. Technological advancements for body contouring like the cool sculpting and various innovation of such technologies is a great opportunity for the key players to invest in the emerging markets.
Furthermore, the COVID-19 pandemic resulted in a decrease in body fat reduction procedures globally, but the closure of parks, fitness centers, educational institutions, and the operation of work from home (WFH) culture resulted in an increase in weight gain issues and obesity cases, which is expected to boost market growth during the forecast period.
The body fat reduction market is segmented on the basis of procedure type, gender, end user, and region. On the basis of procedure type, the market is categorized into surgical and non-surgical. The surgical segment is further categorized into liposuction and abdominoplasty. Moreover, the non-surgical segment is subdivided into cryolipolysis, ultrasound, and others. On the basis of gender, the market is segregated into male and female. By end user, it is fragmented into hospitals & clinics, medical spas, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Some of the major companies that operate in the global body fat reduction market are AbbVie Inc. (Allergan Inc.), Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics), Bausch Health Companies Inc. (Solta Medical International Inc.), Candela Medical, Cutera Inc., Cynosure, Llc., Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd (Alma Lasers Ltd.) and VLCC Health Care Ltd.
Body fat is commonly the accumulation of adipose tissue, a complex connective tissue with specialized roles in metabolism and endocrine function. Body fat reduction, in the context of medicine, health, or physical fitness, refers to decrease in total body mass caused by loss of fluid, body fat adipose tissue, or lean mass, notably bone mineral deposits, muscle, tendon, and other connective tissue. Body fat removal techniques are often utilized in cosmetic surgery to eliminate excess adipose tissues or fats from the body either by a surgical or a non-surgical procedure.
Higher percentage of body fat leads to weight gain in individuals and further leads to obesity. Obesity is a complicated illness characterized by excess of body fat. Obesity is more than simply an aesthetic issue. It is a medical condition that raises the chance of developing other diseases and health issues, such as heart disease, diabetes, high blood pressure, and some malignancies. Obesity in males is defined as a proportion of body fat more than 25%, with 21-25% considered borderline. Obesity is defined as having a body mass index (BMI) of greater than 33% in women. The higher the proportion of body fat, the more probable is it to develop obesity-related diseases such as cardiac diseases, hypertension, higher chances of having a stroke, and type 2 diabetes.
According to the World Health Organization (WHO), most of the world's population live in countries where overweight and obesity kills more people than underweight individuals and 39 million children under the age of 5 were overweight or obese in 2020 globally. Overweight and obesity, formerly thought to be a problem only in high-income nations, are now on the rise in low and middle income countries, particularly in metropolitan areas. In Africa, the number of overweight children under 5 has increased by nearly 24% since 2000. Almost half of the children under 5 who were overweight or obese in 2019 live in Asia.
Growth of the global body fat reduction market is majorly driven by rise in consumption of carbohydrate-based foods, packaged foods, poor eating habits, and unhealthy lifestyle among young generation as well adults thus leading to weight gain and further obesity. Furthermore, according to the World Obesity Federation if the current trends continue, it is estimated that approximately 2.7 billion adults will be overweight, over 1 billion affected by obesity, and 177 million adults severely affected by obesity by 2025. Thus, surge in obesity population is expected to boost the body fat reduction market.
Moreover, rise in demand for aesthetic enhancement procedures such as cryolipolysis, laser lipolysis, liposuction, tummy tuck also known as abdominoplasty, ultrasound, injectable treatments, red light therapy, and others, owing to self-consciousness among the population, especially in women for beautification is on the rise. According to the American Society of Plastic Surgeons (ASPS) report in 2020, it is estimated that in America 15.6 million of cosmetic procedures were performed among which there were 2.3 million cosmetic surgical procedures and 13.2 million cosmetic minimally-invasive procedures. In addition, approximately $16.7 billion was spent on cosmetic procedures in the U.S.
In contrast, these procedures led to certain complications such as seroma, infections, necrosis as well as hematoma (bleeding under the skin), lumpy and uneven results, persistent numbness that can last for months, changes in skin color in the treated areas, pulmonary edema and others. Lack of reimbursement from insurance companies and high cost of the procedure is also a factor that may hinder the growth of the market. Technological advancements for body contouring like the cool sculpting and various innovation of such technologies is a great opportunity for the key players to invest in the emerging markets.
Furthermore, the COVID-19 pandemic resulted in a decrease in body fat reduction procedures globally, but the closure of parks, fitness centers, educational institutions, and the operation of work from home (WFH) culture resulted in an increase in weight gain issues and obesity cases, which is expected to boost market growth during the forecast period.
The body fat reduction market is segmented on the basis of procedure type, gender, end user, and region. On the basis of procedure type, the market is categorized into surgical and non-surgical. The surgical segment is further categorized into liposuction and abdominoplasty. Moreover, the non-surgical segment is subdivided into cryolipolysis, ultrasound, and others. On the basis of gender, the market is segregated into male and female. By end user, it is fragmented into hospitals & clinics, medical spas, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Some of the major companies that operate in the global body fat reduction market are AbbVie Inc. (Allergan Inc.), Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics), Bausch Health Companies Inc. (Solta Medical International Inc.), Candela Medical, Cutera Inc., Cynosure, Llc., Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd (Alma Lasers Ltd.) and VLCC Health Care Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global body fat reduction market to identify the prevailing opportunities.
- This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Region- & country-wise analysis is provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Procedure
- Surgical
- Liposuction
- Abdominoplasty
- Non-Surgical
- Cryolipolysis
- Ultrasound
- Others
By Gender
- Male
- Female
By End User
- Hospitals & Clinics
- Medical spas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- AbbVie Inc. (Allergan Inc.)
- Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics)
- Bausch Health Companies Inc. (Solta Medical International Inc.)
- Candela Medical
- Cutera Inc.
- Cynosure, Llc.
- Lumenis, Ltd.
- Sciton, Inc.
- Sisram Medical Ltd (Alma Lasers Ltd.)
- VLCC Health Care Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: BODY FAT REDUCTION MARKET, BY PROCEDURE
CHAPTER 5: BODY FAT REDUCTION MARKET, BY GENDER
CHAPTER 6: BODY FAT REDUCTION MARKET, BY END USER
CHAPTER 7: BODY FAT REDUCTION MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- AbbVie Inc. (Allergan Inc.)
- Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics)
- Bausch Health Companies Inc. (Solta Medical International Inc.)
- Candela Medical
- Cutera Inc.
- Cynosure LLC.
- Lumenis LTD.
- Sciton Inc.
- Sisram Medical Ltd (Alma Lasers Ltd.)
- VLCC Health Care Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 234 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 6749.35 million |
| Forecasted Market Value ( USD | $ 13910.63 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
