Body Fat Reduction Devices Market Size

Body Fat Reduction Devices Market Size

Body Fat Reduction Devices Market size was valued at around USD 4.2 billion in 2023 and is estimated to grow at 8.8% CAGR from 2024 to 2032. A body fat reduction device refers to a technological apparatus or equipment designed to reduce excess body fat, typically through non-invasive or minimally invasive methods.

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This robust industry expansion can be attributed to various factors, including ongoing advancements in body fat reduction devices, an increase in the prevalence of obesity, a rising demand for minimally invasive procedures, the continual gains of healthcare expenditure, and an escalating inclination towards body fat measurement, which accounted for USD 860 million in 2022.
 

Furthermore, increasing prevalence of obesity globally has increased significantly across the male and female population base. This demographic shift plays a crucial role in driving the demand for body fat reduction devices. For example, as per the National Family Health Survey (NFHS-5) in India, nearly 23% of men and 24% of women exhibit a body mass index (BMI) of 25 or more, indicating overweight conditions. Additionally, a comprehensive study involving 698,286 participants, representative of the nation, revealed that over half of India's adult population grapples with some form of obesity.