Body Fat Reduction Market Share, Size, Trends, Industry Analysis Report, By Gender (Male, Female), By End-Use (Hospitals & Clinics, Medical Spas, Others); By Procedure; By Region; Segment Forecast, 2022 - 2030
- Published Date:Feb-2022
- Pages: 113
- Format: PDF
- Report ID: PM2266
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global body fat reduction market was valued at USD 7.93 billion in 2021 and is expected to grow at a CAGR of 7.8% during the forecast period. The increasing pace of obesity is one of the major key forces that intensify market growth significantly. The awareness concerning the requirement to re-shape and tone their body and lower the additional fat content is rising, therefore providing an upthrust to the body fat reduction market.
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The incidences of obesity are growing on account of poor eating habits, changes in lifestyle, and a dearth of exercise and fitness. Furthermore, the increasing awareness among women and youths about their body shape and fitness may act as the largest driver of the industry. In addition to this, the establishment of several medical spas and clinics providing precise fat reduction treatments, and therefore, the industry is projected to gain at a significantly faster pace.
The recent outbreak of the COVID-19 pandemic at the global level has tremendously impacted the body fat reduction industry growth due to the suspension of certain medical procedures, as managing the COVID-19 widespread is a critical concern. Therefore, healthcare infrastructure plays a commendable role in countering the spread of novel coronavirus, thus, temporarily interrupting the aesthetic treatment procedures.
Therefore, the demand for body fat reduction is witnessed a lower demand in recent years. However, the temporary closure of fitness centers and inculcation of work from home (WFH) culture led to an increase in weight gain issues, which is anticipated to boost the market growth during the forecast period.
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Industry Dynamics
Growth Drivers
In recent years, the focus of individuals concerning body aesthetics has strengthened the demand for various body fat reduction procedures among the target population. Fat reduction procedures, including abdominoplasty (tummy tucks), cryolipolysis, and liposuction, have gained significant popularity and are being rapidly used. According to the Plastic Surgery Statistics report, abdominoplasty and liposuction were among the top five aesthetic surgical procedures in 2018, with more than 0.4 million procedures in the U.S. alone.
With the growing adoption of cosmetic surgeries, several healthcare settings such as aesthetic clinics, hospitals, and medical spas are broadening their service portfolio to provide novel treatments options to patients. Further, the increasing obese population pool along with an increasing number of baby boomers will spur industry growth. According to the World Obesity Federation (2017), around 2.7 billion of the global population will suffer from obesity by 2025. In addition to this, rising consumption of high-carbohydrate foods and a sedentary lifestyle are contributing to obesity prevalence.
Therefore, providing weight-loss interventions through advanced healthcare treatment options consumes less time and is more cost-effective for professionals and patients. Owed to this factor, the adoption of obese reduction procedures is rapidly growing in the healthcare sector, which eventually accelerates the body fat reduction industry growth worldwide.
Report Segmentation
The market is primarily segmented on the basis of procedure, gender, end-use, and region.
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By Procedure |
By Gender |
By End-Use |
By Region |
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Insight by Procedure
Based on the procedure, the abdominoplasty procedure segment is leading the body fat reduction market globally and is expected to register the fastest CAGR over the foreseen period. This is mainly due to the rising focus of individuals to enhance their appealing physical experience. In addition to this, an increase in the number of invasive procedures is a key force for the high adoption of the fat reduction industry among people.
Furthermore, it helps patients to dispose of undesired obese mass near the abdominal area. Thus, the abdominoplasty procedure is majorly implemented by power companies, which is expected to contribute towards high segmental growth. However, the crylipolysis segment accounts for a significant share in the overall market. This segment is considerably growing because of more affordability, and many campaigns have been launched by various key players, which may drive the fat reduction industry growth worldwide.
Insight by End-Use
The hospitals & clinics segment is projected to gain a larger share in the global body fat reduction industry. These infrastructures have better equipment support for patient admission, procedural expertise, and a broad range of offerings. Owing to these benefits, patients undergo a quick post-operation recovery phase, thereby expanding the number of patients undergoing procedures during the forecast timeframe.
The hospital & clinic segment is also projected to register a significant growth rate in the overall market. Owing to this, several nations are undergoing with increasing patient pool requiring liposuction and abdominoplasty procedures. This resulted in the rise in demand for better healthcare infrastructure and well-equipped technology and equipment concerning improving body aesthetics. Therefore, these factors are anticipated to promote market growth across the globe.
Geographic Overview
Geographically, North America is accounted for the largest revenue share in the global market in 2021 and is likely to dominate the body fat reduction market over the upcoming scenario. This is because the rise in numbers of people with obesity and aesthetic-related issues turned out to be a huge client base for different healthcare professionals. As per the International Society of Aesthetic Plastic Surgery, the United States is the country with the most nonsurgical procedures. Nearly 2,869,485 treatments were carried out in 2018, which eventually created a huge market size for fat reduction.
Moreover, the Latin American market accounts for a significant stake in the global body fat reduction market. Cosmetic procedures have witnessed a huge upsurge on account of growing prominence about aesthetics. In addition, the subsequent rise in cosmetic surgeons across the region is further supplementing the region’s growth in the coming years.
Competitive Insight
Some of the major players operating in the global market include AbbVie Inc., Apollo Hospitals, Bausch Health Companies Inc. (Solta Medical International Inc.), Candela Medical, Cutera Inc., Cynosure, LLC, Elite Body Sculpture, Elsevier Inc., Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd (Alma Lasers Ltd.), and VLCC Wellness.
Body Fat Reduction Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 7.93 billion |
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Revenue forecast in 2030 |
USD 15.33 billion |
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CAGR |
7.8% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Procedure, By Gender, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
AbbVie Inc., Apollo Hospitals, Bausch Health Companies Inc. (Solta Medical International Inc.), Candela Medical, Cutera Inc., Cynosure, LLC, Elite Body Sculpture, Elsevier Inc., Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd (Alma Lasers Ltd.), and VLCC Wellness. |
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