Body Fat Reduction Market Scope
Body fat reduction is refer as the procedure which helps in reduction of excess fat from body with the help of various surgical and non surgical procedure. Increasing incidences of obesity and rising customer preference for minimally invasive surgical procedure and rising incidences are the major key factors expected to drive the revenue growth of the target market over the forecast years. The growth rate of the body fat reduction market is coupled with a rising incidence of metabolic disorders and obesity across the globe. Irregular lifestyles such as sedentary routine and consumption of excessive fast food are the primary reasons for obesity and overweight. Various types of procedures are used for reducing body fat. The high cost of procedure is restraining industry growth to a certain extent over the upcoming years, especially in price-sensitive markets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The Plastic Surgery Clinic (Canada), Apollo Cosmetic Clinics (India), VLCC Wellness (India), Amirlak Plastic Surgery (United States), VIDA Wellness and Beauty (United States), The Piazza Center for Plastic Surgery and Advanced Skin Care (United States), JK Plastic Surgery Center (South Korea) and The University of Texas Southwestern Medical Center (United States) |
CAGR | % |
The global body fat reduction is a fragmented market and it consists of some of the leading players. With respect to the market share, some players are dominating the global body fat reduction market. These leading players are focusing on strategic collaborative initiatives to enhance the market share and improve their profitability. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Body Fat Reduction market throughout the predicted period.
The Plastic Surgery Clinic (Canada), Apollo Cosmetic Clinics (India), VLCC Wellness (India), Amirlak Plastic Surgery (United States), VIDA Wellness and Beauty (United States), The Piazza Center for Plastic Surgery and Advanced Skin Care (United States), JK Plastic Surgery Center (South Korea) and The University of Texas Southwestern Medical Center (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Transform Cosmetic Surgery (United Kingdom) and Waldman Schantz Plastic Surgery Center (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Body Fat Reduction market by Type , by Application (Hospitals, Clinics and Medical Spas) and Region with country level break-up.
On the basis of geography, the market of Body Fat Reduction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024, MITER Brands, a leading manufacturer of residential windows and doors, is thrilled to announce the successful completion of its acquisition of PGT Innovations, a premier manufacturer of highly engineered and technically advanced windows and doors.
In September 2022, Mejji launch two new foods with function claims designed for reducing belly fat in Japan
Influencing Trend:
Increasing focus on body aesthetics in developed countries and Increasing expenditure on cosmetic procedures
Market Growth Drivers:
Growing number of obese and overweight population worldwide, Rising acceptance of body contouring procedures and High disposable income
Challenges:
High cost of surgical procedures
Restraints:
Risk of complications such as seroma, infections, necrosis as well as hematoma after fat reduction procedures
Opportunities:
Rising concern among youth regarding excess weight
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Material Suppliers, Government Regulatory and Research Organisations and End-Use Industries