Body Fat Reduction Market Analysis | 2022-2028

Market Insights

The Body Fat Reduction Market was estimated at US$ 8.8 million in 2021 and is expected to grow at a CAGR of 10.1% during 2022-2028 to reach US$ 17.31 million in 2028.

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What is body fat reduction?

Body fat reduction is a word that refers to the reduction of unwanted excess body mass caused by the loss of body fat, adipose tissue, tendons, body fluid, muscle, and other connective tissues. Body fat reduction techniques are commonly used in cosmetic surgery to remove excess fat from the body. Liposuction, abdominoplasty (tummy tuck), cryolipolysis, ultrasound, laser lipolysis, advanced injectables, and other therapies are utilized to reduce body fat. Adipose tissue is another term for body fat. Adipose tissue is a complex connective tissue that has important endocrine and metabolic activities.

Market Dynamics

Continuous technological improvements in equipment, as well as a variety of surgical and non-surgical boy fat reduction methods, will help to enhance the industrial landscape. Furthermore, various established and local market players are constantly developing revolutionary technologies with novel methodologies such as radiofrequency laser lipolysis, light therapy, and others. Several businesses have released non-invasive red light therapy devices for body fat removal on the market, including Nushape Lipo Wrap by Nushell, EMS LED Light fat burning belt, ZorMu 635/850nm Red Light Therapy Arm Belt, and Joovv Solo 3.0 Full Body Panel. The growing popularity of such devices is expected to boost market growth.

Expanding aesthetic awareness among the general population, strong social media influence, rising expendable money, and technological advancement in the area of aesthetics are factors fueling the market for body fat reduction. Furthermore, fat grafting procedures have a high success rate, high satisfaction, and few complications, which are expected to grow the market even further. Image/appearance consciousness is expanding, as is knowledge of beauty care products and procedures available globally. When it comes to purchasing cosmetic items, social media plays a huge role in influencing millennial shopping decisions, as do peer recommendations. According to a 2019 HubSpot study, 71.0% of consumers are more likely to buy a product or service online if it has been recommended by others.

According to the BBC, the number of inquiries and bookings for cosmetic procedures has surged during the pandemic. According to a June 2020 poll of more than 1,000 consumers conducted by the American Society of Plastic Surgeons (ASPS), 49% of those who haven't undergone cosmetic surgery said they are interested in cosmetic or reconstructive therapy shortly. Another ASPS study published the same month discovered that when COVID-19 went into force, 64% of US plastic surgeons saw an increase in telemedicine consultations.

COVID-19 Impact

However, at the commencement of the COVID-19 pandemic outbreak, elective therapies such as body fat removal were among the most adversely impacted. Surgical procedures were suspended throughout the world. Several cosmetic clinics encountered unforeseen problems as a result of a drop in patient visits and profitability. Because of the ease of lockdowns in most countries, body fat removal services are reopening; nevertheless, complying with tight procedures has increased the expenses for many aesthetic experts. The International Society of Aesthetic Plastic Surgery has created stringent criteria to resume clinics and provide infection control methods.

Segments Analysis

By Procedure Type

The market is further segmented into surgical and non-surgical. The surgical segment is further divided into liposuction and abdominoplasty. The non-surgical segment is divided into cryolipolysis, ultrasound, and laser lipolysis.

By End-User Type

The market is segmented into hospitals, aesthetic clinics, and others. In 2021, the hospital segment led the body fat reduction market. According to the American Society of Plastic Surgeons, around 18 million people in the United States underwent minimally invasive aesthetic procedures in 2018, with the number gradually increasing since then. Because medical facilities in many established and developing countries are robust, they are well equipped with cutting-edge technology and high-end technologies. A considerable number of trained aesthetic practitioners are linked with hospitals since they provide all of the necessary facilities to carry out such treatments. Furthermore, consumer choice comes into play, as people feel more secure having treatments from a well-known hospital because they have insurance coverage for such treatments. Several specialty hospitals have collaborations with reputable organizations.

Aesthetic clinics, on the other hand, are expected to expand rapidly during the forecast period. Aesthetic clinics are becoming more popular as a result of their higher service quality, personalized focus on clients, as well as lower treatment costs compared to other venues. Aesthetic clinics also provide comprehensive treatment for skin, hair, body, and facial disorders, as well as basic spa and beauty treatments like waxing and manicures, dentistry, and removal of skin tags, warts, freckles, and birthmarks, among others. This is the key indirect source of market growth.

Regional Analysis

The body fat reduction market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to be the largest body fat reduction market region in 2021. North America dominated the body fat reduction market and accounted for the largest revenue share in 2021, owing to technological developments and an increase in the number of people choosing procedures in the industry. The region has a high level of aesthetic awareness, and the number of people opting for cosmetic procedures has increased as well. According to estimates from the International Society of Aesthetic Plastic Surgery, the region has the largest pool of cosmetic professionals in the country, and it has one of the highest treatment volumes for body fat reduction treatments. During the forecast period, body fat reduction is expected to grow at the quickest rate in the Asia Pacific. This is mainly attributable to the region's increasing urbanization. Because this location has such a vast population, many individuals are interested in cosmetic enhancement. Furthermore, the region has a strong social media presence, which, along with low treatment prices and high-quality procedure service, is driving the market growth. In 2019, approximately 11,184 surgical body fat reduction procedures were performed in India.

Key Players

The following are the major players in the body fat reduction market:

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

The competitive landscape is boosted by service quality and experience in performing difficult cosmetic treatments.

• Polytech Health and Aesthetics, for example, announced in March 2020 a substantial investment and expansion plan to shift its whole headquarters to a state-of-the-art structure near its current location in Dieburg, Germany. This will aid the company's goal of increasing implant manufacturing capacity.
• Lindora bought Erchonia's Zerona Z6 body contouring machines, which give full-body fat removal treatment, in October 2019. This has expanded the company's portfolio of body fat reduction services on the West Coast.
• VLCC Wellness established a partnership with Minor Hotels in October 2019 to expand its therapeutic wellness and beauty centers. This strategy has increased the company's commercial potential.

The overall competitive landscape has been affected due to these mergers and acquisitions. 

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s body fat reduction market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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