Growth Trajectory Of The Body Fat Reduction Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global body fat reduction market is expected to grow from $10.58 billion in 2022 to $11.58 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The market size of body fat reduction is expected to grow to $16.47 billion in 2027 at a CAGR of 9.2%.
North America held the largest body fat reduction market share, and Asia-Pacific was the fastest-growing region in 2022.
Body Fat Reduction Market Driver
Surging obesity rates propel body fat reduction demand as obese individuals seek solutions. WHO notes global obesity tripled since 1975. In 2021, 16 US states had 35%+ obesity rates, fueling market growth.
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Prominent Body Fat Reduction Market Trend
Technology trends are prominent in the body fat reduction market, featuring improved methods. In January 2020, MGH introduced injectable ice for fat reduction. Dominion Aesthetic Technologies launched EON in 2020 for body contouring.
Body Fat Reduction Market Prominent Players
Major players in the body fat reduction market are AbbVie Inc. (Allergan Inc.), Apollo Hospitals Enterprise Limited, Cutera, Inc., Cynosure, LLC., Vlcc Health Care Limited, The Plastic Surgery Clinic, Bausch Health Companies Inc., Lumenis, Ltd., Sciton, Inc., Sisram Medical Ltd., Elite Body Sculpture, Fosun Pharmaceuticals Co. Ltd., VIDA Wellness and Beauty, and JK Plastic Surgery Center.
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Key Body Fat Reduction Market Segments
The global body fat reduction market 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
The Body Fat Reduction Global Market Report 2023 provides a comprehensive overview on the body fat reduction market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the body fat reduction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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