The body fat reduction market is expected to expand its roots at a steady CAGR of 9.6% during the forecast period. The market is likely to hold a revenue of US$ 10.65 billion in 2023 while it is anticipated to cross a value of US$ 25.6 billion by 2033.
The research report on the body fat reduction market states that the changing lifestyle and eating practices have made people obese and fat. This leads them to suffer from chronic diseases like diabetes, uneven blood pressure, and life-threatening disease. Procedures to lose weight or alter the body after pregnancy are becoming more popular. There is a growing awareness among youth and women about their body shape and fitness to achieve body slimming. Furthermore, the rising social media fitness trends along with the transformation trends are shaping the market growth. The approval of the diabetes drug liraglutide as a weight loss and body fat reduction pill has transformed the market landscape. The non-invasive surgeries are the future of fat removal treatment that is expected to be executed through robotic technology.
Body fat reduction market analysis explains that rising obesity and idle lifestyle have led people to numerous chronic diseases. Thus, people are getting aware about invasive and non-invasive fat reduction surgeries are fuelling the demand for body fat reduction therapies. Alongside this, Obesity rates and the obese population are on the rise, creating demand for body fat reduction procedures. Obesity is a major public health issue, and obese patients are looking for advanced methods to lose excess body fat. The private healthcare sector is also providing surgical and non-surgical services for body fat reduction.
| Attributes | Details |
|---|---|
| Body Fat Reduction Market CAGR (2023 to 2033) | 9.6% |
| Body Fat Reduction Market Size (2023) | US$ 10.65 billion |
| Body Fat Reduction Market Size (2033) | US$ 25.6 billion |
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Short-term Growth (2023 to 2026): Many of the population has turned obese with a lazy lifestyle and high-carbs and fat intake. People eating high calories of junk food outside their homes are also increasing. Thus, the demand for body fat-cutting tools is flourishing the demand for body fat reduction methods. With these wide ranges of applications, the market is expected to hold US$ 10.65 billion in 2023 while it is likely to reach US$ 14.02 billion by 2026.
Mid-term Growth (2026 to 2029): The addition of technology in healthcare systems along with the beautification processes getting are famous. Cell therapy along with minimally invasive surgeries is gaining traction in the market. This takes a market value from US$ 14.02 billion in 2026 to a value of US$ 18.46 billion in 2029.
Long-term Growth (2029 to 2033): The integration of artificial intelligence, machine learning, and robotics for invasive surgeries is propelling the market. Furthermore, the integrated diet system and “Do’s and Don’ts” are explained through the different procedures. The focus on processed foods is also garnering market growth during this long-term growth period. Thus, the market is anticipated to thrive at a slightly lower CAGR of 9.6% between 2023 and 2033.
The advent of weight loss injections such as stomach and peptide injections is a new thing in the market. The race to get the right amount of BMI is also a flourishing factor in the market. These fat-dissolving injections simply apply specific solutions to eliminate small and stubborn pockets of fat. Furthermore, the application of cool sculpting on arms, chin, legs, love handles/flanks, back, and knee can eliminate the fat from these parts of the body. As a result, the demand for body fat reduction has decreased in recent years. However, the temporary closure of fitness centers and the continuation of the work-from-home (WFH) culture have increased weight gain difficulties, which is expected to drive the body fat reduction market share over the projection period.
The growing geriatric population that sits for more than 8 hours a day while working on the screen with no exercise gains fat easily. Thus, people refer to different methods to reduce weight that includes new minimally invasive surgeries that cut fat with minimum side effects and muscle damage.
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Some of the major restraints for the body fat reduction market are campaigns like body positivity and fat-positivity programs. For example, the high cost associated with surgeries and non-surgical methods is flourishing the demand for body fat reduction.
| Region/Countries | Revenue Share % (2022) |
|---|---|
| United States | 25.7% |
| Germany | 8.9% |
| Japan | 4.6% |
| North America | 38% |
| Europe | 28% |
Higher Demand for Minimally Invasive Surgeries along with the Restoration of Healthcare Digital Systems is Flourishing the Regional Growth
The United States body fat reduction market leads in terms of market share in the North American region. The region is expected to hold a market share of 25.7% in 2023. The North American market held a share of 38% in 2022 due to the increased number of obese people, social media trends, and the availability of an enhanced surgical framework. Furthermore, the surge in the number of people with obesity and cosmetic difficulties has created a large client base for various healthcare specialists. The rising per capita income of citizens is also letting them try different cosmetic and aesthetic surgeries.
Higher Population, Affordable Healthcare Services, and Rising Obesity amongst People are flourishing Growth in the Chinese Market
The Chinese Body Fat Reduction market thrives at a CAGR of 8.9% between 2023 and 2033. The growth is attributed to the higher population and urbanization. Urbanization is pushing people adopt to remote work modules, decreasing their activities. Thus, the fat percentage is increasing among the Chinese population. Furthermore, the high-end and affordable surgeries under the Chinese government are flourishing the demand for body fat reduction surgeries.
Rising Social Media Trends, Increasing Awareness, and Higher Availability of Different Fat Reduction Procedures are fuelling the Regional Growth
The United Kingdom market thrives at a CAGR of 6.5% during the forecast period. The growth is attributed to cosmetic operations having seen a significant increase as the importance of looks has grown. Furthermore, the region's expansion is being aided by an increase in cosmetic surgeons across the region.
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| Category | By Procedure Type |
|---|---|
| Leading Segment | Surgical Procedures |
| Market Share (2023) | 85.70% |
| Category | By End User |
|---|---|
| Leading Segment | Hospitals |
| Market Share (2023) | 32% |
Based on component type, the substation automation system leads as it held a major market share of 85.70% in 2022. The growth of this segment is due to an increase in the need for weight reduction and overweight therapies, as well as a surge in aesthetic improvement procedures. Surgical procedures with lower side effects are considered fast and effective.
Based on the end user, the hospital segment leads as it held a market share of 32% in 2022. The growth of this segment has flourished through higher consumption, rising footfall, and extended aesthetic departments of these hospitals.
The key players in the market adopt different technologies like artificial intelligence, robotics, and machine learning. The IoT deployment is also likely to transform the market. The extended research and development facilities to overcome the aesthetic challenges are also one strategy the vendors adopt for better services.
How can Body Fat Reduction Vendors Providers Scale their Businesses in the Market?
Market players in the market are working on three major strategies.
Market Developments
The body fat reduction market held a value of US$ 9.89 billion in 2022.
The market holds a value of US$ 10.65 billion in 2023.
The market is anticipated to hold a share of US$ 25.6 billion by 2033.
The body fat reduction market is expected to have a CAGR of 9.6% by 2033.
Based on procedure type, the surgical procedure leads in the body fat reduction market as it held a market share of 85.70% in 2023.
The hospital held a leading market share of 32% in the body fat reduction market in 2022.
The market in 2023 is valued at US$ 10.65 billion.
The hospital segment leads the market with a market share of 32% in 2022.
The market is estimated to register a 9.6% CAGR through 2033.
The market is likely to reach US$ 25.6 billion by 2033.
North America’s market held a share of 38% in 2022.
1. Executive Summary | Body Fat Reduction Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Procedure 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Procedure, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Procedure, 2023 to 2033 5.3.1. Surgical 5.3.1.1. Liposuction 5.3.1.2. Abdominoplasty 5.3.2. Non-surgical 5.3.2.1. Cryolipolysis 5.3.2.2. Ultrasound 5.3.2.3. Laser Lipolysis 5.3.2.4. Others 5.4. Y-o-Y Growth Trend Analysis By Procedure, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Procedure, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Gender 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Gender, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Gender, 2023 to 2033 6.3.1. Female 6.3.2. Male 6.4. Y-o-Y Growth Trend Analysis By Gender, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Gender, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Provider 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Service Provider, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Provider, 2023 to 2033 7.3.1. Hospitals 7.3.2. Clinics 7.3.3. Medical Spas 7.4. Y-o-Y Growth Trend Analysis By Service Provider, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Service Provider, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. South Asia 8.3.5. East Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Procedure 9.2.3. By Gender 9.2.4. By Service Provider 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Procedure 9.3.3. By Gender 9.3.4. By Service Provider 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Procedure 10.2.3. By Gender 10.2.4. By Service Provider 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Procedure 10.3.3. By Gender 10.3.4. By Service Provider 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Procedure 11.2.3. By Gender 11.2.4. By Service Provider 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Procedure 11.3.3. By Gender 11.3.4. By Service Provider 11.4. Key Takeaways 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Malaysia 12.2.1.3. Singapore 12.2.1.4. Thailand 12.2.1.5. Rest of South Asia 12.2.2. By Procedure 12.2.3. By Gender 12.2.4. By Service Provider 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Procedure 12.3.3. By Gender 12.3.4. By Service Provider 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Procedure 13.2.3. By Gender 13.2.4. By Service Provider 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Procedure 13.3.3. By Gender 13.3.4. By Service Provider 13.4. Key Takeaways 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Procedure 14.2.3. By Gender 14.2.4. By Service Provider 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Procedure 14.3.3. By Gender 14.3.4. By Service Provider 14.4. Key Takeaways 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Procedure 15.2.3. By Gender 15.2.4. By Service Provider 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Procedure 15.3.3. By Gender 15.3.4. By Service Provider 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Procedure 16.1.2.2. By Gender 16.1.2.3. By Service Provider 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Procedure 16.2.2.2. By Gender 16.2.2.3. By Service Provider 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Procedure 16.3.2.2. By Gender 16.3.2.3. By Service Provider 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Procedure 16.4.2.2. By Gender 16.4.2.3. By Service Provider 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Procedure 16.5.2.2. By Gender 16.5.2.3. By Service Provider 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Procedure 16.6.2.2. By Gender 16.6.2.3. By Service Provider 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Procedure 16.7.2.2. By Gender 16.7.2.3. By Service Provider 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Procedure 16.8.2.2. By Gender 16.8.2.3. By Service Provider 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Procedure 16.9.2.2. By Gender 16.9.2.3. By Service Provider 16.10. India 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Procedure 16.10.2.2. By Gender 16.10.2.3. By Service Provider 16.11. Malaysia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Procedure 16.11.2.2. By Gender 16.11.2.3. By Service Provider 16.12. Singapore 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Procedure 16.12.2.2. By Gender 16.12.2.3. By Service Provider 16.13. Thailand 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Procedure 16.13.2.2. By Gender 16.13.2.3. By Service Provider 16.14. China 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Procedure 16.14.2.2. By Gender 16.14.2.3. By Service Provider 16.15. Japan 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Procedure 16.15.2.2. By Gender 16.15.2.3. By Service Provider 16.16. South Korea 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Procedure 16.16.2.2. By Gender 16.16.2.3. By Service Provider 16.17. Australia 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Procedure 16.17.2.2. By Gender 16.17.2.3. By Service Provider 16.18. New Zealand 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Procedure 16.18.2.2. By Gender 16.18.2.3. By Service Provider 16.19. GCC Countries 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Procedure 16.19.2.2. By Gender 16.19.2.3. By Service Provider 16.20. South Africa 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Procedure 16.20.2.2. By Gender 16.20.2.3. By Service Provider 16.21. Israel 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Procedure 16.21.2.2. By Gender 16.21.2.3. By Service Provider 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Procedure 17.3.3. By Gender 17.3.4. By Service Provider 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Amirlak Plastic Surgery 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. JK Plastic Surgery Center 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Apollo cosmetic clinics 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Elite Body Sculpture 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. The Plastic Surgery Clinics 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Transform Cosmetic Surgery 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. VIDA Wellness & Beauty 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Waldman Schantz Plastic Surgery Center 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. VLCC Wellness & Beauty Center 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. AbbVie Inc. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Body Fat Reduction Market
