Body Fat Reduction Market Statistics - 2030
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. Adipose tissue, often known as body fat, is a complex connective tissue with specific roles in metabolic and endocrine function. In medicine, health, or physical fitness, body fat reduction refers to a decrease in total body mass caused by loss of fluid, body fat adipose tissue, or lean mass, particularly bone mineral deposits, muscle, tendon, and other connective tissue. Body fat removal methods are frequently used in cosmetic surgery to remove excess adipose tissue or fats from the body, either surgically or non-surgically.
Removal or elimination of extra, undesirable body fat is referred to as body fat reduction. Excess body fat eventually leads to weight growth and obesity, which, in turn, causes variety of illnesses such as heart problems, high blood pressure, cholesterol, increased susceptibility to stroke, and diabetes. Body fat reduction can be done through a surgical or non-surgical procedure. Various treatments such as abdominoplasty (tummy tuck), laser lipolysis, cryolipolysis, liposuction, ultrasound, red light therapy, and injectable treatment are available in the market. However high cost of these procedures and certain post treatment complications are expected to restrain the market growth
Increase in prevalence of obesity is expected to foster demand for body fat reduction procedures. Obesity is a rising public health problem in developed as well as developing countries, majorly owing to unhealthy stressful lifestyle among the population. Therefore, individuals are looking for solutions to reduce excess body fat. Overweight is the main reason for the chain of other significant diseases. Obesity is caused by a combination of genetic, physiological, and environmental variables, as well as diet, physical activity, and exercise preferences. Although exercise and a healthy diet are the greatest alternatives, they are ineffective when it comes to eliminating stubborn fat that has accumulated in various regions of the body. People attain their aim of reducing body fat through both surgical and non-surgical approaches. Thus, rise in cases of obesity due to poor eating habits, lifestyle changes, lack of exercise, adoption of sedentary lifestyle, growing concern among adults as well as children due to obesity, favorable government policies, and programs for obesity that are promoting the adoption of body fat reductions procedures are anticipated to drive growth of the body fat reduction market.
Rise in focus on aesthetics for beautification in males and specifically females for improving appearances is one of the major factors that drives the market growth. Increase in cosmetic surgeries for body fat reduction, owing to demand for pleasant, artful appearances in developed and developing countries propel growth of the market. Aesthetic plastic surgery (also known as cosmetic surgery) is the practice of improving the look of face and body. In addition, rise in demand of body sculpting or body contouring surgical and non-surgical treatments further propel the market growth.
Moreover, procedures to reduce weight or reshape the body post-pregnancy is gaining momentum. Increase in awareness among youth and women about their body shape and fitness to attain body slimming is on a rise. Thus, these factors are anticipated to drive the growth of the body fat reduction market significantly in the forecast period.
Adoption of minimally invasive treatment procedures for body fat reduction is on the rise, owing to its emphasis on lesser blood loss, reduced patient admission, safety and ease of usage. Minimally invasive procedures are expected to drive the market, owing to higher affordability, less invasiveness, and less discomfort as well as minimum chance of complications.
In addition, technological advancements for treatment of body fat reduction procedures such as various surgical; liposuction, abdominoplasty, non-surgical; cryolipolysis, ultrasound, laser lipolysis, and other treatments are on the rise, owing to rise in demand for excess body fat reduction, enhancement of aesthetics, and various body shape contouring procedures due to self-consciousness among individuals, especially females, which propels the market growth.
However, the COVID-19 pandemic led to decrease in body fat reduction procedures globally, but at the same time closure of parks, fitness centers, educational institutions, and inculcation of work from home (WFH) culture led to increase in weight gain issues and obesity cases, which is anticipated to boost the market growth during the forecast period.
Furthermore, presence of sophisticated infrastructure in hospitals, coupled with high demand for surgical procedures, combined with increase in disposable income and increase in the glamour sector provide a boost to the market growth. Thus, technological advancements with innovative painless systems and aforementioned factors are anticipated to significantly drive the body fat reduction market growth.
In addition, opportunities in untapped, emerging markets with high potential, owing to improved healthcare infrastructure, increase in unmet healthcare needs, and rise in prevalence of obesity in populations propel the market growth. Availability of various facilities providing such procedures is an emerging opportunity for key players to invest in the body fat reduction market, which further accelerates expansion of the market.
Body Fat Reduction Market Segmentation Analysis
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).
Segment review
Depending on procedure type, the surgical segment dominated the market in 2020, and is expected to continue this trend during the forecast period, owing to increase in demand for weight loss & obesity treatments and rise in aesthetic enhancement procedures.
By Procedure Type
Surgical segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
On the basis of gender, the female segment led the market in 2020, and is expected to retain its dominance during the forecast period, owing to its popularity due to self-consciousness for pleasant and artful appearances.
By end user, the hospitals and clinics segment exhibited highest growth in 2020, and is expected to continue this trend during the forecast period.
By Gender
Females segment is projected as one of the most lucrative segment.
North America accounted for a majority of the global body fat reduction market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of obesity cases, presence of key players, increase in healthcare expenditure, advancements in technology, and rise in government initiatives in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in overall population, surge in facilities offering body fat reduction services and increased investments in the healthcare sector in the region.
Key players operating 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.
By Region
Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.5 % during the forecast period.
Key Benefits For Stakeholders/investors
- The study provides an in-depth analysis of the body fat reduction market, and the current trends and future estimations to elucidate the imminent investment pockets.
- It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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.
Body Fat Reduction Market Report Highlights
| Aspects | Details |
 By PROCEDURE |
|
 By GENDER |
|
 By END USER |
|
 By Region |
|
 Key Market Players | BAUSCH HEALTH COMPANIES INC. (SOLTA MEDICAL INTERNATIONAL INC.), CANDELA MEDICAL, CUTERA INC., SCITON, INC., ABBVIE INC. (ALLERGAN INC.), LUMENIS LTD., VLCC HEALTH CARE LTD., CYNOSURE, LLC., APOLLO HOSPITALS ENTERPRISE LIMITED (APOLLO COSMETIC CLINICS), SISRAM MEDICAL LTD (ALMA LASERS LTD.) |
Analyst Review
Excessive consumption of fat-based foods, rise in unhealthy lifestyle among younger generation, adoption of sedentary lifestyle, and less physical activity leads to excess amount of fats in the body causing weight gain and further leading to obesity. Obesity is a growing public health issue in both developed and developing countries, as a result, people are seeking for ways to lose extra body fat. Obesity is caused by a mix of genetic, physiological, and environmental factors as well as lifestyle choices. Therefore, it is anticipated to drive the body fat reduction market significantly.
One of the key factors driving the market expansion is rise in emphasis on aesthetics for beautification among consumers, particularly females, in enhancing appearances. The desire for pleasing artistic looks has resulted in increase in cosmetic procedures for body fat reduction. Furthermore, owing to self-consciousness, there is a surge in demand for body shaping or body contouring surgical and non-surgical procedures.
Technological advancements for various minimally invasive procedures that are less painful, reduce blood loss, are less time consuming, and more effective are on the rise. Launch of various innovative techniques for body contouring such as latest cool sculpting further propels growth of the market. Furthermore, the COVID-19 pandemic led to decrease in body fat reduction procedures globally, but at the same time closure of parks, fitness centers, educational institutions, and inculcation of work from home (WFH) culture led to increase in weight gain issues and obesity cases, which is anticipated to boost the market growth in the forecast period.
North America is expected to witness highest growth, in terms of revenue, owing to rise in prevalence of minimally invasive surgeries, presence of key players, and advancements in healthcare investments due to increased disposable income. Asia-Pacific was the second largest contributor to the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to increase in customer population for services, to trend with the western culture, and rise in facilities that provide such services. However, high cost of procedures and certain complications associated with it restrain the market growth during the forecast period.
The total market value of body fat reduction market is $7,587.77 million in 2020.
The forcast period for body fat reduction market is 2021 to 2030
The market value of body fat reduction market in 2021 is $7,265.29 million.
The base year is 2020 in body fat reduction market
Top companies such as 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 held a high market position in 2020.
Surgical segment dominated the global market in 2020, and expected to continue this trend throughout the forecast period. The rise in facilities providing services like liposuction and abdominoplasty is expected to drive the segment
Rise in prevalence of population with weight gain issues, rise in obesity, surge in demand for body contouring, slimming, fitness, for aesthetic enhacement is anticipated to drive the market in the forecast period.
North America is projected to account for a major share of the global body fat reduction market during the forecast period. U.S. dominated the North America body fat reduction market owing to rise in disposable income, increased demand for surgical and non-surgical procedures for aesthetic enhancement across the country.
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