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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.
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.
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.
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.
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.