PUBLISHER: The Business Research Company | PRODUCT CODE: 1391053
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391053
“Body Fat Reduction Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on body fat reduction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for body fat reduction? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The body fat reduction market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Body fat reduction is the process of diminishing excess body fat, aiming to enhance body aesthetics and shape through various surgical and non-surgical methods. Alongside regular exercise and a healthy diet, these methods provide effective ways to eliminate surplus fat.
Procedures for body fat reduction encompass both surgical and non-surgical techniques. Surgical approaches include liposuction and abdominoplasty, involving abrasion, cutting, suturing, and physical alteration of body tissues and organs. Non-surgical methods involve cryolipolysis and ultrasound, offering alternatives to traditional surgical interventions. These procedures are commonly performed in medical spas, hospitals, and clinics.
The body fat reduction market research report is one of a series of new reports from The Business Research Company that provides body fat reductionmarket statistics, including body fat reduction industry global market size, regional shares, competitors with a body fat reduction market share, detailed body fat reduction market segments, market trends and opportunities, and any further data you may need to thrive in the body fat reduction industry. This body fat reduction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The body fat reduction market size has grown strongly in recent years. It will grow from $11.84 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth observed during the historical period can be attributed to several factors, including the increasing concerns about obesity, the expansion of the fitness and wellness industry, the growth of the medical tourism industry, and a rise in healthcare spending.
The body fat reduction market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to factors such as the rise in disposable income, evolving cultural norms and beauty standards, increased adoption of minimally invasive and non-surgical procedures, and the continual development of healthcare infrastructure. Noteworthy trends expected during this period include targeted fat reduction techniques, the integration of artificial intelligence (AI) and personalization in procedures, the use of combination therapies, a focus on sustainable and eco-friendly practices, and the formation of strategic partnerships within the industry.
The surge in obesity rates and the expanding obese population are fueling the demand for body fat reduction techniques. As a significant public health crisis, obesity has witnessed a threefold increase globally since 1975, with certain regions, like the USA, reporting obesity rates of 35% or higher in 16 states as of 2021. This alarming rise in the obese population is a primary driver behind the growth of the body fat reduction market, as individuals seek solutions to address excess body fat and improve their overall health.
The growing emphasis on aesthetic appearance is poised to drive the body fat reduction market in the foreseeable future. Aesthetic appearance, encompassing attractive physical traits and attributes that elicit a sense of splendor and harmony, is becoming increasingly important. Body fat reduction plays a significant role in achieving a streamlined appearance, enhancing muscle tone, tightening skin, ensuring physical comfort, and improving garment fit. Procedures focused on reshaping the body contribute to individuals attaining their desired aesthetic look, fostering confidence and overall well-being. For example, in August 2023, the Aesthetic Society's Aesthetic Plastic Surgery National Databank report revealed a 14% increase in the total number of aesthetic operations compared to the previous year. This underscores the growing importance of aesthetic considerations in driving the body fat reduction market.
Technological advancements represent a prominent trend gaining traction in the body fat reduction market. These advancements involve the introduction of new and improved methods for reducing body fat. In January 2021, Allergan PLC, an Ireland-based pharmaceutical company, launched CoolSculpting Elite, a next-generation fat-reduction technology. This innovative technology features applicators designed to match the body's natural contours and utilizes the well-established CoolSculpting technology to identify, freeze, and eliminate treated fat cells. The continuous evolution of such technologies reflects the commitment of companies to providing effective and advanced solutions in the dynamic landscape of body fat reduction.
Key players in the body fat reduction market are actively focusing on introducing innovative products, such as the AirSculpt Smooth Gen cellulite removal technology, to better address the needs of their existing consumers. Cellulite removal techniques encompass various treatments and methods aimed at minimizing the visibility of cellulite, including laser treatment, acoustic wave treatment, vacuum-assisted precise tissue release, injectable therapies, quick acoustic pulse technological devices, and mechanical cellulite removal. In August 2022, AirSculpt Technologies, Inc., a U.S.-based company specializing in next-generation body shaping therapy that prioritizes both comfort and accuracy, launched AirSculpt Smooth. This is a single, FDA-cleared, non-surgical, one-time treatment designed to be used in conjunction with a regular AirSculpt procedure to remove cellulite. AirSculpt Smooth delivers results by eliminating stubborn cellulite dimples. Notably, the procedure does not involve the use of needles, scalpels, or sutures and is performed while the patient is awake, enabling them to resume their everyday activities within 24-48 hours.
In October 2021, Xponential Fitness, a U.S.-based fitness company, made a strategic acquisition by adding Body Fit Training (BFT), an Australian fitness franchise, to its portfolio. This acquisition enhances Xponential Fitness's offerings by incorporating a functional training and strength-based brand. Body Fit Training specializes in training methods focused on reducing fat and building lean muscle through various coaching sessions. This move underscores the industry's recognition of the importance of diverse and effective approaches to body fat reduction, contributing to the expansion and diversification of offerings in the market.
Major companies operating in the body fat reduction market include AbbVie Inc., Apollo Hospitals Enterprise Limited, Cutera Inc., Cynosure LLC, Vlcc Health Care Limited, Solta Medical International Inc., Lumenis Ltd., Sciton Inc., Sisram Medical Ltd., Elite Body Sculpture, Fosun Pharmaceuticals Co. Ltd., VIDA Wellness and Beauty, JK Plastic Surgery Center, Candela Medical Corporation, Erchonia Corporation, InMode Ltd., Ideal Image, Sono Bello, SculpSure, Body Contour Centers, LaserAway, LipoLaser of West Chester Inc., Advanced Body Sculpting of New England, Zerona, UltraShape, Amirlak Plastic Surgery
North America was the largest region in the body fat reduction market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body fat reduction market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the body fat reduction market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The body fat reduction market includes revenues earned by entities by tumescent liposuction, ultrasound-assisted liposuction, laser assisted liposuction, and power assisted liposuction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.