Published Date: 24-Nov-2021
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According to a new report Global Body Fat Reduction Market, published by KBV research, The Global Body Fat Reduction Market size is expected to reach $17.9 billion by 2027, rising at a market growth of 11.9% CAGR during the forecast period.
In 2020, the female segment garnered the maximum revenue share of the market. Moreover, the segment is expected to showcase the same trend during the forecast period. Factor such as high popularity of body fat reduction procedures among the female due to the increased awareness regarding attractive look and body is responsible for the growth of this segment.
The Hospitals & Clinics market dominated the Global Body Fat Reduction Market by Service Provider 2020, and would continue to be a dominant market till 2027. Consumers have a sense of security and trust when the treatment is performed in a hospital. Therefore, these factors are likely to boost the growth of this segment during the forecast period. The Medical spas market is expected to showcase a CAGR of 12.4% during (2021 - 2027).
In 2020, North America emerged as the leading region in the body fat reduction market. The region would maintain its dominance even during the forecasting period. Factors such as the high prevalence of obesity, the existence of major players, technological developments, rising healthcare spending, and increasing number of government initiatives in the regional market are acting as growth catalysts for the regional body fat reduction market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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