Body Fat Reduction Market Size - By Procedure, By Service Provider, By Gender- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

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

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.

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.