Global Body Fat Reduction Industry Surges with an Impressive 9.6% CAGR, Anticipated to Hit US$25.6 Billion by 2033 | FMI

The Global Body Fat Reduction Industry is poised for remarkable growth, boasting a robust compound annual growth rate (CAGR) of 9.6%, as forecasted by leading industry analysts. Projections indicate that by 2023, the market will surge to an impressive revenue of US$10.65 billion, with expectations soaring even higher to an estimated US$25.6 billion by the year 2033.

A groundbreaking research report by [Your Company/Agency Name] sheds light on the driving forces behind this industry surge. The pervasive shift in lifestyles and dietary habits across the globe has given rise to an alarming increase in obesity rates and excessive body fat. This, in turn, has fueled a surge in chronic health conditions such as diabetes, hypertension, and life-threatening diseases.

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Key Takeaways

• An increase in the acceptability of?fat loss procedures, an increase in discretionary money, and an expansion in the glamour industry are all projected to have a beneficial impact on the fat reduction market’s growth in the next years.
• In the coming years, however, problems connected with fat reduction procedures such as seroma, infections,?necrosis, and?hematoma?are predicted to hamper the?demand for body fat reduction
• Nonetheless, a rise in marketing and advertising by companies is projected to propel the Global Body Fat Reduction Industry?in the future years.
• Due to increasing?cosmetic procedures?and knowledge about aesthetics, North America has the highest body fat reduction market share. The increased popularity of?contouring procedures?in the region is also helping to propel regional market expansion.
• Due to rising disposable income, Europe is predicted to have massive growth with a high CAGR.

Competitive Landscape

The study report for?the Global Body Fat Reduction Industry?provides valuable information with a focus on the global market.?Apollo Hospitals, Elite Body Sculpture, The Plastic Surgery Clinics, VLCC Wellness, and Beauty Center are the?key players in the body fat reduction market.

The competitive landscape section also contains a global study of the above-mentioned competitors’ major development strategies, market share, and market position.

The industrial landscape will be improved by continuous technological advancements in equipment as well as a variety of surgical and?non-surgical fat-loss?techniques.

Moreover, there are several established local market competitors that are constantly developing revolutionary devices with novel approaches such as?radiofrequency laser?lipolysis,?light therapy, and other technologies.

• VLCC Wellness?announced a collaboration with Minor Hotels in October 2019 to develop its therapeutic wellness and beauty centres. The company’s business potential has increased as a result of this strategy.
• Lindora acquired Erchonia’s Zerona Z6?body contouring equipment?in October 2019, which enables?full-body fat removal The company’s body fat reduction service offering on the West Coast has been expanded as a result of this.

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Key Players

• Amirlak Plastic Surgery
• JK Plastic Surgery Center
• Apollo cosmetic clinics
• Elite Body Sculpture
• The Plastic Surgery Clinics
• Transform Cosmetic Surgery
• VIDA Wellness & Beauty
• Waldman Schantz Plastic Surgery Center
• VLCC Wellness & Beauty Center

Segmentation

By Procedure:

• Surgical
  • Liposuction
  • Abdominoplasty
• Non-surgical
  • Cryolipolysis
  • Ultrasound
  • Laser Lipolysis
  • Others

By Gender:

• Female
• Male

By Service Provider:

• Hospitals
• Clinics
• Medical Spas
• Others

Key Regions Covered:

• North America
  • UNITED STATES
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• APEJ
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• MEA
  • GCC Countries
  • Israel
  • South Africa
  • Rest of Middle East Asia (MEA)

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.