The global non-invasive fat reduction market size is expected to reach USD 1.6 billion by 2027, expanding at a CAGR of 16.4%, according to a new report by Grand View Research, Inc. Treatments like Cryolipolysis, low level lasers, and ultrasound are the most commonly used methods for noninvasive fat reduction procedures. Rising contribution of market players is playing a prominent role in promoting such procedures. Other factors like rising awareness, increasing prevalence of diabetes in developed and developing countries, rise in disposable income, change in lifestyle due to urbanization and rising demand for body contouring procedures are expected to propel market growth.
Non-invasive
procedures are rapidly replacing invasive surgeries and people are opting more
for aesthetic procedures like body contouring as the risks associated with
these treatments are negligible and are gaining a lot of spotlight through
social platforms. Behavioral factors like physical inactivity, alcohol
consumption, sedentary lifestyle, and rigorous working hours has contributed to
the prevalence of conditions like obesity and diabetes. CoolScultping and
Kybella were the most preferred workstations for removal of fat in 2018, and
more than three lack noninvasive procedures were carried out using these
devices in U.S.
Rise
in the per capita disposable income also plays a pivotal role in the growth of
this market. As stated by the U.S Bureau of Economic Analysis, the disposable
income reached 16661.65 USD billion as of December of 2019. Combination of
various factors like advancement in technology, efficacy, safety of such
procedures, increasing obese population, and rigorous promotions will certainly
boost the market in the following years.
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Non-Invasive Fat
Reduction Market Report Highlights
- Cryolipolysis emerged as the
largest segment in 2019 owing to increasing the safety, efficacy, and
negligible side effects during and after the treatment
- On the Basis of end use,
Hospitals segment dominated the market in 2019, as hospitals are well
equipped with high-end fat reduction devices with latest innovative
technology and accreditation is the crucial factors that further
influences patient preference of undergoing aesthetic procedure
- North America dominated the
global market in 2019. With the increasing demand for new technologies,
along with advanced healthcare infrastructure, North America is expected
to continue to dominate the market through the forecast period
- Key market players
includeFosun Pharmaceuticals Co. Ltd; Cutera Inc.; Cynosure LLC; Zeltiq
Aesthetics; Syneron Candela; BTL Industries.; Lynton Lasers Ltd; and Venus
concept,
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Non-invasive Fat
Reduction Market Segmentation
Grand View Research has segmented
the global non-invasive fat reduction market on the basis of technology type,
end use, and region:
Non-invasive Fat
Reduction Technology Type Outlook (Revenue, USD Million, 2016 - 2027)
- Cryolipolysis
- Ultrasound
- Low Level Lasers
- Others
Non-invasive Fat
Reduction End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals
- Stand Alone Practices
- Multispecialty Clinics
- Others
Non-invasive Fat
Reduction Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
List of Key Players
of Non-invasive Fat Reduction Market
- Fosun Pharmaceuticals Co.
Ltd
- Cutera Inc.
- Cynosure LLC
- Zeltiq Aesthetics
- Syneron Candela
- BTL Industries
- Lynton Lasers Ltd.
- Venus concept
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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