Asia Pacific Body Fat Reduction Market By Service Provider (Hospitals & Clinics, Medical spas and Others), By Gender (Female and Male), By Procedure (Surgical and Non-Surgical), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Body Fat Reduction Market would witness market growth of 14.1% CAGR during the forecast period (2021-2027).
The increasing disposable income of the customers across different emerging nations of this region is propelling the growth of the regional body fat reduction over the forecast period. Additionally, the growth of the regional body fat reduction market is further supported by the rise in a number of obese people in this region and the increasing consciousness among the people regarding their body appearance.
However, the high cost of these procedures is restricting people from choosing them and thus, hampering the growth of the market. Also, the unavailability of technically advanced equipment and skilled professionals to carry out these procedures are acting as restraints for the growth of the regional market during the forecast period. Though, the rising popularity of cosmetic surgeries is also fueling the growth of the regional body fat reduction market. Thus, these factors would boost the demand & growth of body fat reduction procedures in the regional market during the forecasting period.
The demand for different types of body fat reduction procedures has been increased due to the increase in focus on body aesthetics. The popularity and adoption of different fat reduction procedures like liposuction, cryolipolysis, and tummy tuck (abdominoplasty) have been drastically increased. With the rise in the adoption rate of cosmetic surgeries, several settings like medical spas, hospitals, and aesthetic clinics are increasing their service portfolio to provide these novel treatments.
Moreover, the growth of body fat reduction would be propelled by the increase in the obese population and the rise in the number of baby boomers. The high prevalence of obesity is due to the increase in consumption of high-carbohydrate foods and inactive lifestyles. Hence, the popularity and significance of body contouring treatments are constantly increasing with the surge in disease pervasiveness. Additionally, with the growing age the skin is susceptible to sagging and other aging effects. Therefore, the increasing geriatric population and growing adoption of various body fat reduction procedures in well-established nations would positively impact the growth of the market during the forecasting period.
The China market dominated the Asia Pacific Male Body Fat Reduction Market by Country 2020, thereby, achieving a market value of $472.1 million by 2027. The Japan market is showcasing a CAGR of 15% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 16.4% during (2021 - 2027).
Based on Service Provider, the market is segmented into Hospitals & Clinics, Medical spas and Others. Based on Gender, the market is segmented into Female and Male. Based on Procedure, the market is segmented into Surgical and Non-Surgical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Body Fat Reduction Market is Projected to reach USD 17.9 Billion by 2027, at a CAGR of 11.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allergan PLC (AbbVie), Bausch Health Companies, Inc., Cutera, Inc., Alma Lasers Ltd. (Sisram Medical Ltd.), Vlcc Health Care Limited, Apollo Hospitals Enterprise Limited, Candela Medical Corporation, Sciton, Inc., Lumenis Ltd. and Cynosure, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Service Provider
- Hospitals & Clinics
- Medical spas
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Allergan PLC (AbbVie)
- Bausch Health Companies, Inc.
- Cutera, Inc.
- Alma Lasers Ltd. (Sisram Medical Ltd.)
- Vlcc Health Care Limited
- Apollo Hospitals Enterprise Limited
- Candela Medical Corporation
- Sciton, Inc.
- Lumenis Ltd.
- Cynosure, LLC
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