The global fat reduction market is expected to grow in the forecast period due to the increasing demand for minimally invasive and non-invasive procedures and decreased disparity between men and women for aesthetic functions. The market is also influenced by the growing aesthetic consciousness and beauty standards and growing technological advancement. However, the global fat reduction market is expected to be hampered by the high cost of procedures, increased risks associated with the procedures, and product recall.
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Data Bridge Market Research analyses that the Fat Reduction Market is expected to grow at a CAGR of 9.5% in the forecast period of 2023 to 2030 and is expected to reach USD 28,817.02 million by 2033. In 2023, the type segment is expected to dominate the market due to growing technological advancements.
Key Findings of the Study
Growing Aesthetic Consciousness and Beauty Standards
People in developed and developing countries are becoming more conscious of their appearance. With the increasing standard of living and the growing importance of physical appearance in Western culture, there is a rise in demand for aesthetic surgeries every year.
The awareness towards aesthetic procedures has increased the demand and improved the purchasing power of people, due to which increasing aesthetic consciousness and awareness is expected to boost the demand of the market.
Beauty standards are a set of values applied to the appearance of both men and women to be regarded as beautiful and handsome in order to rightly fit in the community. Setting beauty ethics is one of the major reasons that forcefully made people change their lifestyles in this ever-changing world hence is expected to drive market growth.
There are numerous reasons for increasing consciousness and awareness of the appearance of people. It includes constant bombardment with advertisements and information on new devices and improving lifestyles, which has boomed in the industry, leading to increased awareness of people about their appearance.
The high prevalence, accessibility, and evolution of cosmetic surgeries have been seen as people are largely influenced by the media. Moreover, an increased number of surgeons and the evolution of interest of people has created more demand for these procedures, both surgical and minimally invasive. Therefore, increased awareness of cosmetic procedures among people is expected to drive the global fat reduction market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2019 to 2033
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Base Year
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2022 (Customizable to 2015-2020)
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Historic Years
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2021
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Surgical Fat Reduction, Non-Invasive Fat Reduction, and Minimally Invasive), Application (Abdominal Fat, Thighs Fat, Buttock Fat, Upper-Arm Fat, Facial Fat, and Knee Fat), Gender (Female, Male), Age Group (Adult, Geriatric, and Child), End-User (Hospitals, Multi-Specialty Clinics, Dermatology Centers, Medical Spas, and Beauty Centers), Distribution Channel (Direct Tender, Retail Sales, Third Party Distributors, and Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa )
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Countries Covered
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U.S., Canada, Mexico, Costa Rica, Dominican Republic, Panama, El Salvador, Guatemala, Honduras, Nicaragua, Germany, Turkey, Italy, Poland, Spain, Russia, France, Netherlands, Switzerland, Belgium, Austria, Norway, Ireland, Hungary, Lithuania, Azerbaijan, U.K., Georgia, Ukraine, Rest of Europe, Japan India, China, South Korea, Thailand, Malaysia, Singapore, Australia, Philippines, Taiwan, Indonesia, New Zealand, Vietnam, Pakistan, Uzbekistan, Myanmar, Nepal, Cambodia, Rest of Asia-Pacific, Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Bolivia, Paraguay, Rest of South America, Saudi Arabia, Egypt, UAE, South Africa, Israel, Kuwait, Qatar, Oman, Bahrain, Lebanon, Algeria, Jordan, Morocco, Iran, Libya, Iraq, Tunisia, Rest of Middle East and Africa
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Market Players Covered
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Hironic Co Ltd, AbbVie Inc., Cynosure, Alma Lasers, Candela Corporation, Merz Pharma, Solta Medical (Subsidiary of Bausch & Lomb Incorporated), Cutera, MicroAire Surgical Instruments, LLC., Mentor Worldwide LLC, Venus Concept, DEXLEVO Aesthetic, Erchonia Corporation, BTL Group of Companies, Leaderma Inc., MÖLLER Medical, Fotona, and Implantech among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The global fat reduction market is categorized into type, application, gender, age group, end-user, and distribution channel.
- Based on type, global fat reduction market is segmented into surgical fat reduction, non-invasive fat reduction, and minimally invasive. In 2023, the surgical fat reduction segment is expected to dominate the fat reduction market with a 67.38% market share. It is expected to reach USD 19,173.57 million by 2033, growing with the highest CAGR of 9.4% in the forecast period from 2023 to 2033.
- Based on application, global fat reduction market is further sub-segmented into abdominal fat, thighs fat, buttock fat, upper-arm fat, facial fat-deposits, and knee fat. In 2023, the abdominal fat segment is expected to dominate the fat reduction market with a 36.58% market share. It is expected to reach USD 11,353.78 million by 2033, growing with the highest CAGR of 10.4% from 2023 to 2033.
- Based on gender, global fat reduction market is segmented into male and female. In 2023, the female segment is expected to dominate the fat reduction market with an 87.09% market share. It is expected to reach USD 25,154.07 million by 2033, growing with the highest CAGR of 9.6% from 2023 to 2033.
- Based on age group, global fat reduction market is segmented into adult, geriatric, and child. In 2023, the adult segment is expected to dominate the fat reduction market with a 49.43% market share. It is expected to reach USD 14,649.06 million by 2033, growing with the highest CAGR of 9.8% from 2023 to 2033.
- Based on end-user, global fat reduction market is segmented into hospitals, multi-specialty clinics, dermatology centers, medical spas, and beauty centers. In 2023, the hospital segment is expected to dominate the fat reduction market with a 46.06% market share. It is expected to reach USD 13,838.37 million by 2033, growing with the highest CAGR of 10.0% from 2023 to 2033.
- Based on the distribution channel, global fat reduction market is segmented into direct tenders and retail sales, third party distributors, and others. In 2023, the direct tender segment is expected to dominate the fat reduction market with a 42.42% market share. It is expected to reach USD 12,905.85 million by 2033, growing with the highest CAGR of 10.1% from 2023 to 2033.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the global fat reduction market Hironic Co Ltd, AbbVie Inc., Cynosure, Alma Lasers, Candela Corporation, Merz Pharma, Solta Medical (Subsidiary of Bausch & Lomb Incorporated), Cutera, MicroAire Surgical Instruments, LLC., Mentor Worldwide LLC, Venus Concept, DEXLEVO Aesthetic, Erchonia Corporation, BTL Group of Companies, Leaderma Inc., MÖLLER Medical, Fotona, and Implantech among others.
Market Development
- In October 2023, MOLLER Medical is going to organize an event named SOFCEP Congress 2023 from 1 June to 3rd June 2023. This event is themed on aesthetic medicine and the complementarity between aesthetic medicine gestures and interventions. This would help the company to reach a bigger customer base
- In August 2023, Implantech is going to organize the event at Second Multispecialty Aesthetics Conference at the Marriot Marquis Hotel in San Diego, U.S. This conference would help the company in showcasing its innovation in the field of implants.
- In May 2023, Hironic Co., Ltd. announced it had won the grand prize in the beauty and medical device category at the Money Today '2023 Consumer Satisfaction Awards' held at the Korea Press Center in Jung-gu, Seoul on the 27. This helps the organization in developing brand image among others.
- In January 2023, Fotona announced that it showcased its aesthetics product portfolio at the IMCAS congress. It stated that its aesthetic portfolio, the SP Dynamis Nx Line laser system with built-in CoolMist skin cooling and optional Dynamic Vacuum Technology, as well other Fotona products and applications, such as AvalancheLase, TimeWalker Fotona4D were showcased, which would help the company in reaching the higher customer base.
- In February 2023, Dexlevoaestheics presented its exclusive product, ‘GOURI’, at the IMCAS World Congress 2023 in Paris. IMCAS (International Master Course on Aging Science), held from Jan 26th to Jan 28th in Paris, France, is one of the world's three major aesthetics anti-aging societies. This will help the company to expand its business in the International market.
Regional Analysis
Geographically, the countries covered in the global fat reduction market report are U.S., Canada, Mexico, Costa Rica, Dominican Republic, Panama, El Salvador, Guatemala, Honduras, Nicaragua, Germany, Turkey, Italy, Poland, Spain, Russia, France, Netherlands, Switzerland, Belgium, Austria, Norway, Ireland, Hungary, Lithuania, Azerbaijan, U.K., Georgia, Ukraine, Rest of Europe, Japan India, China, South Korea, Thailand, Malaysia, Singapore, Australia, Philippines, Taiwan, Indonesia, New Zealand, Vietnam, Pakistan, Uzbekistan, Myanmar, Nepal, Cambodia, Rest of Asia-Pacific, Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Bolivia, Paraguay, Rest of South America, Saudi Arabia, Egypt, UAE, South Africa, Israel, Kuwait, Qatar, Oman, Bahrain, Lebanon, Algeria, Jordan, Morocco, Iran, Libya, Iraq, Tunisia, Rest of Middle East and Africa as per Data Bridge Market Research analysis:
North America is the dominant region in the global fat reduction
In 2023, North America dominated the fat reduction market owing to the higher level of investments by various manufacturers and increasing technological advancements in the region. North America will continue to dominate the fat reduction market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
Asia-Pacific is the fastest growing region in the global fat reduction market during the forecast period 2023 - 2033
Asia-Pacific is estimated to be the fastest growing region in the fat reduction market for the forecast period 2023 -2033. This is due to the growing adoption of advanced technology and launch of new products in this region.
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