Body Fat Reduction Market, Growth Insights And Forecast To 2027

Body Fat Reduction Market, Growth Insights And Forecast To 2027

Increasing preference for advanced aesthetic body sculpting procedures is expected to impel the body fat reduction market size. Growing focus of young adults on fitness and body appearance coupled with rising obesity and awareness about the availability of body sculpting aids could drive product demand.

The development of technologies for undertaking non-invasive procedures and research and development of low-level laser therapy for body sculpting is likely to propel the adoption of body fat reduction. Advancements have led to low-cost, minimal risk and time advantage in the non-invasive procedures.

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There is a surge in the preference for light-based treatment, ultrasound fat reduction treatment, and cryolipolysis. Rising enrollment in aesthetic fat reduction procedures and higher spending on surgical and non-surgical procedures by people in developed countries may further boost the business outlook of body fat reduction treatment providers. Global Market Insights, Inc., reports that the body fat reduction market held a valuation of more than USD 8.5 billion in 2019, and is estimated to register a CAGR of 10.4% by 2026.

With increasing demand for such procedures, companies operating in the body fat reduction market are working on incorporating new technologies and expanding their service portfolio. For instance, in 2021, body contouring firm, Allergan Aesthetics introduced the CoolSculpting Elite, its advanced fat reduction system with applicators that are designed to complement the natural curves of the body, using the CoolSculpting technology to freeze, target and eliminate the treated fat cells.

The surgical body fat reduction procedure segment held a major revenue share of over 85% in 2019 and is anticipated to grow exponentially owing to increasing procedural volume and high customer satisfaction. According to studies, in the U.S, over 250,000 liposuction procedures were performed in 2017, and a substantial rise in demand for tummy tuck surgeries was observed.

Integration of advanced devices and technologies in cosmetic clinics as well as infrastructure development and the availability of skilled professionals could boost patient preference for cosmetic and aesthetic settings. There is an expansion of clinical facilities taking place in order to cater to the growing procedure demand in emerging economies. The clinics segment held around 25% revenue share in 2019 and is likely to witness considerable progress.

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The U.S body fat reduction market held above 80% share in 2019 and is projected to grow significantly over the forecast period on account of high expenditure by Americans and increasing awareness regarding cosmetic treatments. Presence of numerous manufacturers of advanced devices and cosmetic facilities in the country could propel the demand for such procedure.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Body fat reduction industry 3600 synopsis, 2015 – 2026 (USD Million)

2.1.1    Business trends

2.1.2    Procedure trends

2.1.3    Gender trends

2.1.4    Service provider trends

2.1.5    Regional trends

Chapter 3   Body Fat Reduction Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 – 2026

3.3    Industry impact forces

3.3.1    Growth drivers    Increasing prevalence of obesity globally    Rising customer preference for non-invasive procedures    Growing focus on aesthetics in North America and Latin America    Technological advancements and new product development for fat reduction    Increasing number of facilities offering body contouring services

3.3.2    Industry pitfalls and challenges    Risk of postoperative complications    High cost of surgical procedures

3.4    Growth potential analysis

3.4.1    By procedure

3.4.2    By gender

3.4.3    By service provider

3.5    COVID-19 impact analysis

3.5.1    Impact analysis of COVID-19 on global market size

3.5.2    Impact analysis of COVID-19 on industry value chain

3.5.3    Impact analysis of COVID-19 on industry competition

3.6    Regulatory landscape

3.6.1    U.S.

3.7    Technology landscape

3.8    Porter’s analysis

3.9    Competitive landscape, 2019

3.10    PESTEL analysis

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