Press release
Soaring Demand Set to Propel Body Fat Reduction Market to $21.16 Billion by 2029
Body Fat Reduction Market
What Is the Expected CAGR for the Body Fat Reduction Market Through 2025?
The market size of body fat reduction has seen a robust growth in the recent years. The market, currently valued at $13.04 billion in 2024, is expected to rise to $14.22 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.1%. Factors contributing to the growth during the historic period include increasing concerns about obesity, expansion in fitness and wellness sector, growth in medical tourism sector and elevated healthcare expenditure.
What's the Projected Size of the Global Body Fat Reduction Market by 2029?
Over the coming years, the body fat reduction market is anticipated to experience fast-paced growth. By 2029, its growth is expected to reach $21.16 billion at a yearly compound growth rate of 10.4%. This growth during the forecast period can be ascribed to various factors such as increased disposable income, shifts in cultural norms and beauty ideals, greater use of less invasive and non-surgical procedures, and enhanced healthcare infrastructure. Notable trends during this forecast period encompass targeted fat reduction, AI and personalization, combined therapies, sustainable and green strategies, and strategic alliances.
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Top Growth Drivers in the Body Fat Reduction Industry: What's Accelerating the Market?
Anticipations are that the escalating obesity rates will fuel the enlargement of the body fat reduction market. Characterized by an excessive build-up of body fat, obesity is a chronic health problem that detrimentally affects health. The proliferation of high-fat, high-sugar, and high-calorie food accessibility, decline in physical activity, and sedentary lifestyles have caused the rise in obesity concerns. Body fat reduction serves to better the health of obese individuals by minimizing disease risks, amplifying mobility, promoting mental health, augmenting energy levels, and enhancing metabolism. For example, the World Heart Foundation, an international, Switzerland-based, non-government cardiovascular community, stated in March 2023 that approximately 2.3 billion adults and children globally are either obese or overweight. Given the current obesity trajectory, there is an estimation that by 2025 the population living with obesity will hit 2.7 billion. Hence, rising obesity concerns are instrumental in driving the body fat reduction market.
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What Trends Will Shape the Body Fat Reduction Market Through 2029 and Beyond?
Key players in the global market for body fat reduction are placing a strong emphasis on technological innovations such as AI pulse control technology. This is used to increase the accuracy of treatments, enhance the client's experience, and fine-tune fat loss results through individualized and adaptable treatment plans. AI pulse control technology uses artificial intelligence to accurately adjust and optimize the application of therapeutic pulses in body fat reduction treatments, improving both effectiveness and patient comfort. For example, in January 2024, BTL Aesthetics, a company specializing in manufacturing aesthetic equipment in the US, introduced EXION. This device merges radiofrequency with targeted ultrasound to boost the production of hyaluronic acid within the skin, increasing hydration and elasticity without the need for needles. This applicator is designed specifically for use on facial areas such as the lips, periorbital area, forehead, and neck.
What Are the Main Segments in the Body Fat Reduction Market?
The body fat reduction market covered in this report is segmented -
1) By Procedure: Surgical, Liposuction, Abdominoplasty, Non-Surgical, Cryolipolysis, Ultrasound
2) By Gender: Male, Female
3) By Service Provider: Medical Spas, Hospitals, Clinics
Subsegments:
1) By Surgical: Liposuction, Abdominoplasty (Tummy Tuck), Body Lift Surgery
2) By Non-Surgical: Cryolipolysis (CoolSculpting), Ultrasound-Assisted Lipolysis, Radiofrequency Lipolysis, Laser Lipolysis
3) By Other Procedures: Injection Lipolysis (Kybella), Endoscopic Weight Loss Surgery, Gastric Balloon Insertion
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Which Top Companies are Driving Growth in the Body Fat Reduction Market?
Major companies operating in the body fat reduction market include AbbVie Inc., Apollo Hospitals Enterprise Limited, Cutera Inc., Cynosure LLC, Vlcc Health Care Limited, Solta Medical International Inc., Lumenis Ltd., Sciton Inc., Sisram Medical Ltd., Elite Body Sculpture, Fosun Pharmaceuticals Co. Ltd., VIDA Wellness and Beauty, JK Plastic Surgery Center, Candela Medical Corporation, Erchonia Corporation, InMode Ltd., Ideal Image, Sono Bello, SculpSure, Body Contour Centers, LaserAway, LipoLaser of West Chester Inc., Advanced Body Sculpting of New England, Zerona, UltraShape
Which Regions Will Dominate the Body Fat Reduction Market Through 2029?
North America was the largest region in the body fat reduction market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body fat reduction market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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