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Body Fat Reduction Devices Market Trends

Report ID: GMI3141
Published Date: Sep 2023
Report Format: PDF

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Body Fat Reduction Devices Market Trends

The market is experiencing several notable trends that are shaping its expansion and development. Factors such as continuous technological advancements in surgical and non-surgical devices, rising emphasis on physical appearance, and a surging demand for body fat reduction procedures, among other factors.

As per the World Health Organization (WHO), the worldwide incidence of obesity is alarming in 2022, affecting more than one billion individuals, comprising 650 million adults, 340 million adolescents, and 39 million children. This troubling statistic is witnessing an upward trend, and the WHO predicts that by 2025, approximately 167 million individuals, encompassing both adults and children, will face deteriorating health conditions associated with being overweight or obese.
Furthermore, the escalating preference for non-invasive procedures has also stimulated increased focus on research and development, aiming to create innovative technologies that provide less risky solutions.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for body fat reduction devices was valued at around USD 4.2 billion in 2023 and is estimated to reach over USD 8.7 billion by 2032, owing to the increasing prevalence of obesity and the ongoing advancements in the body fat reduction devices.

The medical spas segment accounted for around USD 634.8 million revenue size in 2023, driven by a holistic approach to body fat reduction, providing a range of non-invasive and minimally invasive procedures.

North America body fat reduction devices market accounted for USD 1.4 billion in 2023 and will continue to grow over 2024 to 2032, attributed to the increasing emphasis on health and wellness.

Allergan Plc, Syneron Medical Ltd., Alma Lasers, Sientra, Inc., Apyx Medical Corporation., Sciton, Inc., Asclepion Laser Technologies GmbH, Lumenis, Bausch Health Companies Inc., Fotona, BTL Industries, EndyMed Medical Ltd., Cutera, Inc. and Cynosure.