What are driving factors of Body Fat Reduction Market ? Top players - Apollo Cosmetic Clinics, The Plastic Surgery Clinic, VLCC Wellness
Growing incidence of obesity coupled with rising focus on body contouring procedures will accelerate body fat reduction industry growth in the forthcoming years. As per WHO, in 2016, over 1.9 million adults aged above 18 years were overweight, of which 650 million were obese. Thus, high population percent in developed countries that are largely spending on elimination of excess fat will positively influence body fat reduction business growth.
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Non-surgical fat reduction procedures is forecasted to record significant CAGR of 15.4% throughout the projected timeframe. Non-surgical procedures are witnessing high demand as it offers reliable and effective body reshaping without surgery. The procedures are safe and allows individuals to immediately resume daily activities. Aforementioned benefits offers lucrative segmental growth potential in the foreseeable future.
Female body fat reduction market is estimated to progress at remarkable pace of 10.4% CAGR throughout the forecast period. Growing emphasis of younger women to obtain attractive physical aesthetic will highly impact adoption of body fat reduction treatments. In addition, large percent of female population is adopting fat reduction procedures to reshape body post pregnancy. Male segment is estimated to grow at gradual pace in the forthcoming period.
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Medical spas service provider segment accounted for more than 12% revenue share in 2018 and will grow at lucrative pace owing to rising demand for cosmetic procedures. Growing medical tourism in countries such as Italy, France and Spain will augment segmental size. In addition, high patient convenience and cost-effectivity will stimulate the segmental growth during the forecast years.
U.S. body fat reduction market is estimated to grow at 11.1% CAGR during the forecast timeframe. Presence of numerous FDA approved novel products such as Kybella, Liposinx, Coolsculpting in the country will drive the adoption of body fat reduction treatments. In addition, high disposable income and expenditure on cosmetic surgeries will assist U.S. body fat reduction industry growth.
Brazil market held significant revenue size of over USD 1.5 billion in 2018. Presence of skilled plastic surgeons along with high demand for esthetic procedures will influence Brazilian body fat reduction market growth. In addition, treatments such as liposuction, tummy tuck and non-surgical procedures are extensively offered through medical tourism with high quality that will positively impact Brazil body fat reduction industry growth.
Few notable players operating in body fat reduction market are The Plastic Surgery Clinic, Apollo Cosmetic Clinics, VLCC Wellness. These players are focusing on introducing and expanding novel technologies to enhance their service portfolio.
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
22.214.171.124. Paid sources
126.96.36.199. Unpaid sources
Chapter 2. Executive Summary
2.1. Body fat reduction industry 3600 synopsis, 2014 – 2025 (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, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
188.8.131.52. Increasing prevalence of obesity globally
184.108.40.206. Rising customer preference for non-invasive procedures
220.127.116.11. Growing focus on aesthetics in North America and Latin America
18.104.22.168. Technological advancements and new product development for fat reduction
22.214.171.124. Increasing number of facilities offering body contouring services
3.3.2. Industry pitfalls and challenges
126.96.36.199. Risk of postoperative complications
188.8.131.52. 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. Regulatory landscape
3.6. Technology landscape
3.7. Porter’s analysis
3.8. Competitive landscape, 2017
3.8.1. Strategy dashboard
3.9. PESTEL analysis
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