Body Fat Reduction Market Trends 2023: Rise in Obesity Rates is Projected to Cross USD 13.9 billion by 2030 Report

The increasing prevalence of obesity caused by poor eating habits, unhealthy lifestyles, and lack of physical activity has led to a rise in demand for body fat reduction treatments. This trend is driven by the growing awareness among adolescents and women regarding their body shape and fitness. In addition, aesthetic enhancements are gaining popularity, particularly in developed and developing countries, where people are more self-conscious about their appearance.

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Obesity poses a range of health risks, including cardiac disease, high blood pressure, hypertension, cholesterol, diabetes, and immobility. Therefore, reducing excess body fat content has become a priority for many individuals. The market for body fat reduction treatments is expected to continue growing due to increasing awareness and demand for safe and effective methods to reshape and tone the body.

The global body fat reduction market was valued at $7,587.77 million in 2020, and is projected to reach $13,910.63 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.

• CAGR: 7.5%

• Current Market Size: USD 7.58 Billion

• Forecast Growing Region: APAC

• Largest Market: North America

• Projection Time: 2021- 2030

• Base Year: 2021

North America accounted for the largest share of the global body fat reduction market in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to presence of large population base, increase in body fat reduction treatment service providers, and rise in healthcare expenditure.

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Key Findings Of The Study

• By procedure type, the surgical segment was the highest contributor to the market in 2020.
• On the basis of gender, the female segment dominated the market in 2020
• Depending on end user, the hospitals and clinics exhibited the highest growth in 2020, and is expected to continue this trend during the forecast period.
• Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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Key Players –

• AbbVie Inc. (Allergan Inc.)
• Apollo Hospitals Enterprise Limited (Apollo Cosmetic Clinics)
• Bausch Health Companies Inc. (Solta Medical International Inc.)
• Candela Medical
• Cutera Inc.
• Cynosure, Llc.
• Lumenis, Ltd.
• Sciton, Inc.
• Sisram Medical Ltd (Alma Lasers Ltd.)
• VLCC Health Care Ltd.

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