Body Fat Reduction Market Size and Share, Upcoming Trends, Growth Drivers, Challenges, Opportunities and Future Outlook 2032: SPER Market Research
Body fat reduction is the process of reducing excess body fat using a variety of non-surgical and surgical techniques in an effort to enhance the shape and visually appealing of the body. When combined with a balanced diet and regular exercise, these techniques offer efficient means of getting rid of extra fat. People in developing nations are becoming more concerned about their health due to obesity, thus they are searching for methods to lose extra body fat. The root cause of other serious illnesses is obesity. Surgical techniques involve cutting, suturing, abrasion, and physical change of bodily tissues and organs include liposuction and abdominoplasty. Cryolipolysis and ultrasonography are two non-surgical techniques that provide alternatives to traditional surgical procedures.
According to SPER Market Research, ‘Body Fat Reduction Market Size- By Procedure, By Service Provider, By Gender- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032’ state that the Global Body Fat Reduction Market is estimated to reach USD 18.95 billion by 2032 with a CAGR of 8.43%.
It is anticipated that an increase in the incidence of obesity will raise demand for body fat reduction techniques. The growing emphasis on aesthetics for beauty among men, and women in particular, is one of the main drivers propelling the market expansion. The incidence of obesity is being influenced by a lack of physical activity and increased intake of meals high in carbohydrates. Consequently, as diseases become more widespread, the need of body reshaping treatments is increasing. Thus, it is projected that the body fat reduction market would develop at a substantial rate due to technology improvements with novel painless techniques.
High price of certain treatments like laser lipolysis, cryolipolysis, liposuction, ultrasound, red light therapy are expected to limit market expansion. The absence of sustainability and long-term efficacy with and regulatory and safety issues are some of the obstacles facing the worldwide body fat reduction industry. It is imperative for market participants to comply with legislation and guarantee safety standards. Choosing healthier lifestyles, cutting calories, exercising more, and following a balanced diet are examples of natural weight-loss strategies that may impede the expansion of the body fat reduction industry.
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Globally, the COVID-19 pandemic resulted in a decline in body fat reduction procedures; however, at the same time, parks, fitness centres, schools, and educational institutions closed, and a work-from-home culture was established. These factors contributed to an increase in cases of obesity and weight gain, which is expected to fuel market growth over the forecast period. Surgeons are recommended by several regulatory organizations worldwide to avoid doing any kind of non-emergent surgical operations due to the high risk of infection. Therefore, the Covid-19 pandemic had a negative effect on the market, although growth is anticipated after 2021.
Key Players & Regions:
North America held the majority of the worldwide body fat reduction market share. This is linked to an increase in the number of obesity cases, the presence of important figures, a rise in healthcare spending, technological developments, and an increase in regional government efforts. However, significant development is expected in Asia-Pacific due to the region’s growing population, an increase in the number of institutions providing body fat reduction procedures, and higher healthcare sector spending. Some of the key market players are Apollo Hospitals Enterprise Limited, Sisram Medical Ltd, Bausch Health Companies Inc., Candela Medical, VLCC Health Care Limited.
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Body Fat Reduction Market Outlook
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