According to the current analysis of Reports and Data, the global Body Fat Reduction Market valued at USD 870.4 million in 2018 and is expected to reach USD 2.83 billion by the year 2026, at a CAGR of 15.8%. Non-invasive fat removal is a non-surgical procedure to remove fats from different parts of the body. Rise in the sedentary lifestyle, and the incidences of obesity, are the factors responsible for market growth. Additionally, the rise in the disposable income among the consumers and the demand for non-invasive treatment are further boosting the market growth. The increased awareness among the individuals to remaining healthy and fit is the primary factor fueling the growth of the market. However, the high expenditure cost of treatment is the primary factor restraining market growth. WHO in the year 2016 has reported that more than 1.9 billion adults, i.e., above the age of 18, were overweight out of this 650 million adults were obese. In 2016, 39% of adults over 18 years were overweight, and 13% were obese.
North America is expected to dominate the market in the forecast period, due to an increase in the incidences of obesity rise in the research and developed in the region, regulatory approval for various technologies, and growing preference for minimally invasive procedures.
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Further key findings from the report suggest
- FDA, in the year 2018, had approved the latest fat-busting method of body contouring. Vanquish, a product of BTL Aesthetics for fat reduction is the most effective method in removing the fats from the targeted areas. It is entirely a non-invasive and safe method. The procedure uses radio-frequency energy to target and destroys fat cells by heating them; it further causes shrinkage and elimination of adipose tissue. Vanquish is designed so that the energy penetrates deep into the fat layers, but doesn’t contact the skin so that the tissue above the fat layer is unaffected, making it safe for the surface skin layer.
- In the year 2018, Cutera had launched truSculpt iD’s to deliver a personalized body sculpting to the patients. It has a unique ability to treat various fat densities and all skin types. It uses innovative monopolar radiofrequency (RF) technology to target fat and therapeutically heats it until adipose tissue are slowly removed and excreted through the body naturally.
- In the year 2019, Venus concept had launched Venus Bliss. It is a non-invasive medical aesthetic device; it comprises the use of two technologies in one system. The 1064 nm diode laser applicators are used in the device. It is used to treat focal fat in the abdomen and flanks through non-invasive lipolysis that further results in fat reduction. For completing the treatment and achieve a more contoured appearance, the (MP)2 applicator is used for tightening the lax skin and reduce circumference. It uses our proprietary (MP)2 technology and combines Multi-Polar Radio Frequency and Pulsed Electro Magnetic Fields with advanced VariPulse technology.
- Radiofrequency in the technology segment has witnessed a significant growth as it heats the fats in the body and proceeds in the fat removal it is likely to rise with a CAGR of 15.6% in the forecast period
- Cryolipolysis in the technology segment have obtained a remarkable growth in the market due to its effectiveness in the breakdown of fat cells and also because of the demand for non-invasive procedure it is expected to rise with a CAGR of 15.6% in the forecast period
Competitive Outlook of the Global Body Fat Reduction Market
The globla Body Fat Reduction market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Body Fat Reduction market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers & acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
BTL (U.K), Cutera Inc.(U.S.), ZELTIQ Aesthetics, Inc.(U.S.), Solta Medical, Inc (U.S.), Venus Concept (Canada), Alma Lasers (Fosun Pharmaceutical Co, Ltd.) (China), Cynosure, Inc (U.S.), Syneron Medical Ltd. (U.S.), Lumenis Ltd. (Israel), Hologic, Inc. (U.S.), Allergan (U.S.)
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Body Fat Reduction Market Segmentation:
Technologies Outlook (Revenue in Million USD; 2017–2024)
- Ultrasound
- Cryolipolysis
- Radiofrequency
- Low-Level Lasers
End use Outlook (Revenue in Million USD; 2017–2024)
- Cosmetic Centers
- Hospitals
- Dermatology Clinics
Geographic Segment Covered in the Report:
The Body Fat Reduction report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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