Body Fat Reduction Market worth over $17.5bn by 2026

Body Fat Reduction Market size is set to surpass USD 17.5 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Increasing prevalence of obesity will foster the demand for body fat reduction procedures. Adoption of sedentary lifestyle has resulted to significant number of obese adults, thereby driving the volume of body fat reduction procedures across the globe. According to the World Health Organization (WHO), over 1.9 billion adults aged 18 years and older were overweight, constituting for more than 650 million people. Growing prevalence of obesity, particularly in urban areas, coupled with awareness about cosmetic surgeries for fat reduction is expected to propel the market growth. Thus, with focus on body contouring procedures within adult population due to concern regarding excess weight, the market will foresee tremendous revenue growth in the coming years.

 

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Exponentially increasing demand for body sculpting procedures will boost the market expansion

Surging number of cosmetic surgical as well as non-surgical procedures will contribute to the body fat reduction market revenue. According to the American Society of Plastic Surgeons, in 2018, over 17 million surgical and minimally invasive procedures were performed in the U.S. Also, non-invasive fat reduction and surgical procedures have witnessed significant spike. With growing spending ability of people in developed and certain developing regions along with availability of substantial local service providers, the industry will observe growth over the coming years. 
 

Rising preference for non-invasive cosmetic procedures will stimulate the market value

Non-surgical procedure segment is projected to showcase around 17.8% growth rate till 2026. According to the International Society of Aesthetic Plastic Surgery, more than 450,000 non-surgical fat reduction procedures were performed in 2019 worldwide. Growing preference for non-invasive surgeries owing to minimal post complications, reduced pain and time along with increasing success rates will augment the segment revenue. Additionally, developments in laser and light technology used during aesthetic treatments will influence the segment growth in near future.
 

Browse key industry insights spread across 148 pages with 259 market data tables & 17 figures & charts from the report, 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, Competitive Market Share & Forecast, 2020 - 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/body-fat-reduction-market
 

Significant increase in aesthetic procedures among men will impel procedure demand

Male body fat reduction segment is estimated to expand at 13.9% CAGR through 2026. According to American Society of Plastic Surgeons, male breast reduction procedures recorded approximately 29% growth between 2000 and 2014. The number is predicted to witness momentous growth in the coming years. With rise in number of male plastic surgery procedures, the segment will foresee significant revenue growth during the forecast timeline.
 

Expanding network and infrastructure development will result into preference for aesthetic procedure in medical spas

Medical spas valued at USD 1 billion in 2019. Medical spas offering specialized body sculpting procedures has contributed to industry expansion. Availability of extensive range of cosmetic services, increasing number of skilled professionals and comfort provided to patients during procedures will spur the patient preference. Furthermore, developing infrastructure in medical spas within developing countries will fuel the market demand during the forecast period.
 

Growing number of fat reduction procedures in European region will offer unprecedented growth opportunities to the market players

Europe body fat reduction market accounted for more than 15% of revenue share in 2019 driven by increasing acceptance of advanced technologies and demand for aesthetic treatment with increasing spending. According to the International Society of Aesthetic Plastic Surgery, in Germany more than 24,000 abdominoplasty procedures were performed in 2019. In addition, over 17,000 non-surgical fat reduction procedures were conducted in the country. With booming medical tourism for aesthetic surgeries in several European countries, the industry will experience growth over the forecast timeframe.
 

Industry leaders are undertaking various growth strategies including business expansion to strengthen their market position

Some of the notable companies involved in the market are University of Texas Southwestern Medical Centre, Apollo Cosmetic Clinics, Transform Hospital Group and VLCC Clinic among other players. These participants have undertaken various strategies such as service extension, collaborations and mergers to expand their market footprint.
 

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