January 06, 2022
According to the recent research report titled ‘Global Body Fat Reduction Market Size study, by Procedure Type (Surgical and Non-Surgical), Gender (Male and Female), and End User (Hospitals & Clinics, Medical Spas, and Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global body fat reduction market is projected to grow considerably over 2021-2027.
As per the findings of the report, increasing cases of obesity is primarily driving global body fat reduction market demand. Moreover, the World Obesity Organization cites that about 2.7 billion adults will be afflicted by obesity by 2025, with around 1 billion being overweight. Moreover, around 177 million of those individuals would be obese.
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For the uninitiated, body fat reduction refers to a loss of total by mass, by body weight, by a mean loss of fat (adipose tissue), or slim body that has low muscle, tendon, bone mineral deposits, and other related tissues.
Growing emphasis on cosmetic operations and aesthetics is likely to propel the industry growth with rising focus on appearance among people. Increasing number of fat loss facilities and new developments in the field are further contributing to global body fat reduction market development.
Speaking of factors hindering the industry expansion, high procedure costs along with post-treatment complications are likely to act as challenge for businesses operating in this domain.
Elaborating on regional aspect, North America currently accounts for a sizeable market share due to presence of top companies, increasing cases of obesity, rising healthcare investments, technological innovations, and supportive government initiatives in the region.
Meanwhile, Asia-Pacific industry is expected to record a robust CAGR over the next six years, creditable to population boom, an increase in facilities offering weight loss services, and higher healthcare expenditure.
Coming to competitive terrain, VLCC Healthcare Ltd., Sisram Medical Ltd. (Alma Lasers Ltd.), Sciton Inc., Lumenis Ltd., Cynosure LLC, Cutera Inc., Candela Medical, Bausch Health Companies Inc. (Solta Medical International Inc.), Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics), and AbbVie Inc. (Allergan Inc.) are the key players impacting worldwide body fat reduction industry trends.