According to the research report titled ‘Global Non-Invasive Fat Reduction Market Size study, by Technology (Ultrasound, Cryolipolysis, Low Level Lasers, Others), by End-User (Hospitals, Dermatology Clinics and Cosmetic Centers, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global non-invasive fat reduction market generated revenues worth USD 992 million in the year 2019 and is expected to grow with a CAGR of 14.8% between 2020 and 2027.
 

Increased pervasiveness of obesity coupled with consumer inclination towards minimally invasive procedures are major factors driving the growth of global non-invasive fat reduction market. As per the 2016 study by World Health Organization, around 650 million people across the globe were recorded to be obese. Similarly, World Obesity Federation projected that up to 2.7 billion people will be obese by the year 2025.
 

For those uninitiated, non-invasive fat reduction is a non-surgical aesthetic procedure that breakdowns fat cells in specific parts of the body in order to either remove or reduce the size of fat pockets. Various methods such as laser lipolysis, radiofrequency and cryolipolysis are used to reduce fat non-invasively. The devices used for procedures are FDA approved owing to high efficiency and safety properties. The relevant procedure is carried out by professionals in a bid to avoid risk of negative consequences.
 

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Shifting focus towards developing treatment options for COVID-19 disease has decreased the demand for non-invasive fat reduction procedures, which in turn is negatively influencing the overall market outlook.  In addition, lack of favorable reimbursement policies and adverse side-effects associated with non-invasive fat reduction treatments may also act as restraints to the market growth.
 

In terms of technology, the market is segmented into low level lasers, cryolipolysis, ultrasound, and others. The end-user landscape of global non-invasive fat reduction industry comprise of dermatology clinics & cosmetic centers, hospitals, and others.
 

Regionally, North America presently accounts for a significant market share and is expected to showcase consistent growth throughout the study duration. The growth is primarily attributed to high concentration of major companies and prevalence of obesity in the region.
 

Meanwhile, Latin America non-invasive fat reduction industry is slated to record remunerative growth in the subsequent years. Increasing awareness pertaining to availability and benefits of body contouring procedures along with growing demand for aesthetic treatments are favoring the market outlook in LATAM.
 

Sciton Inc., Fotona, Lumenis Ltd., Candela Laser Corp., Hologic Inc., Alma Lasers Inc., Venus Concept Canada Corp., Bausch Health Companies Inc., Zeltiq Aesthetics Inc. and Cutera Inc. are the prominent companies operating in global non-invasive fat reduction market.