Body Fat Reduction Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2028

Body Fat Reduction Market Size And Forecast

The Global Body Fat Reduction Market Size was worth around USD 8,291.5 million in 2021 and is estimated to grow to about USD 14,450.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.7% over the forecast period. The report analyzes the body fat reduction market's drivers, restraints/challenges, and their effect on the demands during the forecast period. In addition, the report explores emerging opportunities in the body fat reduction market.

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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.

Request Free SampleDifferent 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

COVID-19 Impact:

The COVID-19 pandemic has impacted the body fat reduction industry to a great extent owing to the lack of preference for unnecessary and non-emergent surgical procedures among the population. Different regulatory bodies worldwide have also suggested that surgeons avoid all kinds of non-emergent surgical procedures due to the high risk of infection. Hence, the market was negatively impacted due to the Covid-19 pandemic but is expected to grow post-2021.

Key Insights

• As per the analysis shared by our research analyst, the global body fat reduction market value is to grow at a CAGR of 9.7% over the forecast period.
• In terms of revenue, the global body fat reduction market size was valued at around USD 8,291.5 million in 2021 and is projected to reach USD 14,450.2 million by 2028
• Increasing the number of people suffering from obesity will drive the market's growth.
• By procedure, the surgical segment accounted for a major market share in 2021.
• By service provider, the clinic's segment accounted for a major market share in 2021.
• North America is expected to grow fastest during the forecast period in 2021.

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.

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.

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.

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.

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.

Body Fat Reduction Market: Report Scope

Body Fat Reduction Market: Regional Landscape

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.

Body Fat Reduction Market: Competitive Landscape

Some of the main competitors dominating the global body fat reduction market include -

• 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

Global Body Fat Reduction Market is segmented as follows:

By Procedure

• Surgical
• Non-surgical

By Gender

• Male
• Female

By Service Provider

• Hospitals
• Clinics
• Medical Spas
• Others

By Region

• 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