Body Fat Reduction Market Size By Procedure (Surgical {Liposuction, Abdominoplasty}, Non-surgical {Cryolipolysis, Ultrasound, Laser Lipolysis}), By Gender (Female, Male), By Service Provider (Hospitals, Clinics, Medical Spas), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Body Fat Reduction Market size was more than USD 8.5 billion in 2019 and is projected to grow at over 10.4% CAGR between 2020 and 2026. Growing focus on body aesthetics has impelled the demand for various body fat reduction procedures among the population. Fat reduction procedures such as liposuction, tummy tuck (abdominoplasty) and cryolipolysis have gained significant popularity and are being adopted rapidly. As per the Plastic Surgery Statistics report, liposuction and abdominoplasty were among the top 5 aesthetic surgical procedures in 2018, with over 0.4 million procedures in the U.S. alone. With surging adoption of cosmetic surgeries, various settings such as medical spas, aesthetic clinics and hospitals are broadening their service portfolio to offer such novel treatments.
 

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Growing obese population pool coupled with increasing number of baby boomers will spur the body fat reduction market growth. Rising consumption of high-carbohydrate foods and sedentary lifestyle are contributing to obesity prevalence. Thus, with increasing disease pervasiveness, the emphasis on body contouring treatment is growing. In addition, with aging, the skin is prone to sagging and aging effects. Thus, broadening elderly population base and rising acceptance of different body fat reduction procedures in developed countries will influence the market demand.
 

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Approvals of non-invasive body sculpting devices will increase the industry growth

Innovations in devices for performing non-invasive and minimally invasive fat reduction procedures will drive the industry expansion. Several global and local players are developing novel devices for wide range of new procedures such as cryolipolysis, radiofrequency laser lipolysis, and ultrasound among others. Cutera, Inc. received approval from the Health Canada in September 2018 for its truSculpt iD system, a monopolar radiofrequency platform for non-invasive fat reduction. It is intended to reduce fat and sculpt the abdomen and various other parts in short duration. Additionally, non-surgical devices aid in long-term fat cell destruction along with faster outcomes in shorter duration.
 

Booming number of tummy tuck procedures will expand the segment revenue size

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Abdominoplasty procedure market, also known as tummy tuck procedure market, held more than 45% of the body fat reduction market share in 2019. Abdominoplasty helps the patients to get rid of undesired fat mass near abdominal area. The procedure is adopted widely by women after pregnancy to reduce loose fat layer that cannot be reduced through non-surgical procedures effectively. Tummy tuck surgeries are also being rapidly adopted to diminish effects of drastic weight loss. However, post-procedure complications including haematoma, pain and blood clots among several others may limit the segment growth up to some extent.
 

Greater awareness and adoption of aesthetic procedures among women will spur the body fat reduction market expansion

Female population dominated around 90% revenue share in 2019. Demand for several body fat reduction techniques among women is higher and increasing robustly. Female population is emphasizing more on the aesthetics and thus adopting various body shaping procedures.
 

The prevalence of obesity is found to be higher among the female population than males. Similarly, the acceptance and awareness rate of available fat reducing and body sculpting procedures that provide aesthetically favourable results is greater among women. Thus, with advancements in fat removal cosmetic surgeries, the procedure adoption among women is forecasted to expand in the upcoming years.
 

Presence of sophisticated infrastructure in hospitals coupled with high demand for surgical procedures will boost the segment expansion

Hospitals segment accounted for 50% of the body fat reduction market share in 2019 led by increasing number of patient admissions owing to rising demand for liposuction and abdominoplasty procedures. Hospitals have superior infrastructure and equipment to support patient admission, recovery, procedural expertise and broad range of offerings. With such benefits, the patients can undergo better post-procedure recovery in hospitals, thereby fuelling the patient volume over the forecast timeframe.
 

Rising acceptance of body shaping procedures in Brazil among adults will propel the Latin America market size

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Latin America body fat reduction market held more than 25% of revenue share in 2019. Brazil region accounted for the majority share the Latin America market. Cosmetic treatments, including body contouring in Brazil, have witnessed huge upsurge owing to growing importance about aesthetics. Also, there is expanding beach culture in the nation due to which usage of sculpting procedures is rising. Moreover, availability of substantial number of plastic surgeons in the country further augments the procedure demand in the forthcoming years.
 

Industry players are widening their service offerings to attract new customers

The global body fat reduction market consists of several local and regional participants. Apollo Hospitals, Elite Body Sculpture, The Plastic Surgery Clinics, and VLCC Wellness & Beauty Center are few among the various service providers. These companies are fortifying their service portfolio and partnering with healthcare settings to strengthen their customer base.
 

Some of the recent industry developments: 

• In October 2019, VLCC Wellness exclusively partnered Minor Hotels. The strategy aimed at expanding the therapeutic wellness & beauty centres, thereby broadening the business potential and customer base of the firm.
   
• Transform Hospital Group is focusing on strengthening its domestic presence with extension of services offerings.
   

The body fat reduction market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

By Procedure

• Surgical
  • Liposuction
  • Abdominoplasty
• Non-surgical
  • Cryolipolysis
  • Ultrasound
  • Laser Lipolysis
  • Others

By Gender

• Female
• Male

By Service Provider

• Hospitals
• Clinics
• Medical Spas
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia