Categories: Healthcare

Body Fat Reduction Market 2024-2033: Drivers, Demand, and Insights

The body fat reduction global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Body Fat Reduction Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The body fat reduction market size has grown strongly in recent years. It will grow from $11.84 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rise in concerns about obesity, expansion of the fitness and wellness industry, growth of the medical tourism industry, rise in healthcare spending.

The body fat reduction market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to rising disposable income, changing cultural norms and beauty standards, increasing adoption of minimally invasive and non-surgical procedures, rising healthcare infrastructure. Major trends in the forecast period include targeted fat reduction, ai and personalization, combination therapies, sustainable and eco-friendly practices, strategic partnerships.

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Scope Of Body Fat Reduction Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Body Fat Reduction Market Overview

Market Drivers –

A significant rise in obesity rates and obese population is driving demand for body fat reduction techniques. Obesity is a significant public health crisis and so, obese patients are preferring solutions to reduce excess body fat. According to WHO, global obesity has tripled since 1975. In the USA, for instance, 16 states have obesity rates of 35% or higher as of 2021. Therefore, increasing obese population is driving the growth of 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

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Regional Insights –

North America was the largest region in the body fat reduction market in 2023. 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.

Key Companies –

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, Amirlak Plastic Surgery

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