Global Body Fat Reduction Market Set to Reach $21.16 Billion by 2029 with a CAGR of 10.4%
28 Jan, 2025
What Has Been The Evolution of the Body Fat Reduction Market in Recent Years?
The body fat reduction market has been paving a firm growth path in recent years.
• The market size escalated from $13.04 billion in 2024 to reach $14.22 billion in 2025, registering a CAGR of 9.1%.
This escalation can be attributed to increased concerns about obesity, flourishing fitness and wellness industry, growth of the medical tourism industry, and a surge in healthcare spending.
What Is the Forecasted Market Size and Growth Rate for The Body Fat Reduction Market?
The body fat reduction market is slated for rapid growth in the forthcoming years.
• The market is projected to reach $21.16 billion by 2029 at a CAGR of 10.4%.
Key factors behind this growth are surging disposable income, shifting cultural norms and beauty standards, increased adoption of minimally invasive and non-surgical procedures, and improved healthcare infrastructure. The market will see several trends including targeted fat reduction, AI and personalization, combination therapies, sustainable and eco-friendly practices, and strategic partnerships.
What Are the Prominent Drivers Propelling the Growth of the Body Fat Reduction Market?
The rising prevalence of obesity is the principal factor expected to fuel the growth of the body fat reduction market. Obesity, characterized by excessive fat accumulation, brings about detrimental health impacts. Increase in high-calorie, high-fat, and high-sugar food availability, sedentary lifestyles, and diminished physical activity are triggering obesity concerns. Body fat reduction enhances health in people with obesity by lessening the risk of diseases, augmenting mobility, uplifting mental well-being, promoting energy levels, and improving metabolism. For instance, the World Heart Foundation estimated about 2.3 billion obese or overweight adults globally in March 2023, projecting this figure to reach 2.7 billion by 2025. This rise in obesity fuels the market growth.
How Is the Body Fat Reduction Market Segmented?
The body fat reduction market is segmented as follows –
1) By Procedure: Surgical, Liposuction, Abdominoplasty, Non-Surgical, Cryolipolysis, Ultrasound
2) By Gender: Male, Female
3) By Service Provider: Medical Spas, Hospitals, Clinics
What Are the Emerging Trends in the Body Fat Reduction Market?
Companies in the global body fat reduction market are increasingly focusing on technological innovations. They are leveraging AI pulse control technology to enhance treatment precision, user experience, and optimize fat reduction outcomes via personalized and adaptive treatment protocols. For instance, in January 2024, BTL Aesthetics, a US-based manufacturing aesthetic equipment company, launched EXION - an applicator that combines radiofrequency and targeted ultrasound to enhance hyaluronic acid production in the skin, improving hydration and elasticity without using needles.
Who Are The Major Players In The Body Fat Reduction Market?
Leading players driving the body fat reduction market include:
• AbbVie Inc.
• Apollo Hospitals Enterprise Limited
• Cutera Inc.
• Cynosure LLC
• Vlcc Health Care Limited
• Solta Medical International Inc.
• Lumenis Ltd.
• Sciton Inc.
• Sisram Medical Ltd.
• Elite Body Sculpture
What Is the Regional Outlook In The Body Fat Reduction Market?
In 2024, North America dominated the body fat reduction market. Meanwhile, Asia-Pacific is set to be the fastest-growing region under the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.