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Non-invasive Fat Reduction Market

Non-invasive Fat Reduction Market: Information by Type (Cryolipolysis, Ultrasound), End-User (Hospitals, Stand Alone Practices), and Region — Forecast till 2030

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Market Snapshot

market snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
7.13 %
Fastest Growing Market:
Asia-Pacific
Largest Market:
North America

The global non-invasive fat reduction Market was valued at USD 1.18 billion in 2021. It is projected to reach USD 4.90 billion by 2030, growing at a CAGR of 7.13% during the forecast period (2022–2030). Non-invasive fat reduction is a medical procedure used to reduce body fat in places like the abdomen, love handles, and other problem areas. The non-invasive fat reduction procedure increases body fat's temperature, killing fat cells. Numerous modalities, such as ultrasound, radio frequency, infrared light, vacuum massage, injectable drugs, etc., are used in non-invasive reduction options. Methods for non-invasive fat reduction have been created and are becoming increasingly prevalent worldwide. Non-invasive procedures are becoming increasingly popular, and each technique has unique advantages and disadvantages. Numerous non-invasive techniques have been created due to the dangers, high costs, and extended downtime associated with surgical procedures for fat reduction.

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Market Dynamics

Global Non-invasive Fat Reduction Market Drivers

Growing Demand for a Body Shaper

The main factors contributing to the rising rates of obesity in both adults and children are inactive lifestyles, such as sitting for long periods, and unhealthy eating habits, such as overeating. As a result, the rising concern that young people are becoming overweight will increase the demand for body fat-reduction procedures, driving the market for non-invasive fat reduction. The WHO estimates that 13% of adults over 18 are obese, and 39% are overweight. According to the Global Aesthetic Survey, the United States of America was the country that had the most cosmetic procedures performed, followed by Brazil.

Rising Adoption of Non-Surgical Fat-Reduction Techniques

The Food and Drug Administration has approved several devices that employ these treatment methods in the United States. Non-invasive body contouring is currently the fastest-growing field of aesthetic medicine. Each technique varies in terms of its advantages and the severity of its disadvantages. Nevertheless, numerous non-invasive devices are both practical and safe.

In addition, the increase in healthcare expenditures and investments in the healthcare sector are anticipated to accelerate the growth of the global non-invasive fat reduction market. In the coming years, the increased emphasis on body aesthetics in developed nations will positively impact the growth of body fat reduction activities. The key growth factors of body fat reduction procedures in these nations are:

  • An Increasing number of baby boomers.
  • Rising acceptance of body contouring procedures.
  • High disposable income is associated with increased cosmetic procedure spending.

The above factors will significantly impact the market share of non-invasive fat reduction.

Global Non-invasive Fat Reduction Market Restraint

High Cost Involved in the Research and Development

The high-fat reduction drug research and development cost and the lack of financial support pose a significant barrier to the market's growth. Additionally, more prolonged research and development efforts and clinical trials to evaluate pharmaceuticals increase overall costs. The risks and constraints posed by the high development costs of obesity medications could impede global market expansion. Non-invasive fat reduction technologies are gaining popularity due to the high cost of surgical procedures such as gastric bypass, adjustable gastric banding, gastric sleeve surgery, and intragastric balloon treatment.

Segmental Analysis of the Global Non-invasive Fat Reduction Market

The global non-invasive fat reduction market is segmented into technology and end-users.

Based on technology, the market is divided into cryolipolysis, ultrasound, low-level lasers, and others.

The cryolipolysis segment is dominating the global non-invasive fat reduction market. It is anticipated to increase because it is more cost-effective, has widespread side effects, requires no downtime, and numerous campaigns have been launched to raise awareness about the benefits and safety of these devices. Low-level lasers are the other rapidly expanding technological segment, wherein lower laser light of 635–680 nm wavelengths is used to liquefy and permanently eliminate targeted fat cells.

Based on end-user, the market is categorized into hospitals, stand-alone practices, multispecialty clinics, and others.

The hospital sector holds the largest market share. This is primarily due to the fact that hospitals are well-equipped with the newest technology, fat-reduction tools, qualified practitioners, and the infrastructure needed to carry out such procedures. Furthermore, there is a sense of trust and reliability when the treatment is administered in a hospital setting. A hospital's accreditation is a crucial factor that positively influences patient preference for aesthetic procedures.

The segment of multispecialty clinics is also expected to experience significant growth over the forecast period, as these clinics meet all of the patient's needs in one convenient location, with various available procedures and skilled practitioners. The market is anticipated to have a very high demand in the coming years and to exhibit a high growth rate, resulting in increased market size and revenue.

Regional Analysis of the Global Non-invasive Fat Reduction Market

The global non-invasive fat reduction market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Regional Growth Insights Request Sample Pages

North America led the non-invasive fat reduction market with the largest market share, which is anticipated to continue during the forecast period. The rising prevalence of obesity, the expansion of research and development in the area, the highest per capita disposable income, the rising uptake of new technology, and ongoing awareness campaigns contribute to the market growth. The demand for flawless appearance and self-assurance through physical characteristics in the critical occupation fields fuels the regional market's expansion. In the United States, the non-invasive fat reduction market is fueled by the development of convenient procedures and easy access to healthcare. The Asia-Pacific market is anticipated to experience the highest CAGR during the forecast period. This is due to the low cost of treatment, rising patient awareness, availability and benefits of body contouring treatments, rising demand for aesthetics, cultural adoption from western economies, and marketing strategies employed by the market's leading players.

Competitive Analysis of the Global Non-invasive Fat Reduction Market

  • Cynosure
  • Fosun Pharmaceuticals Co. Ltd
  • Cutera Inc
  • Zeltiq Aesthetics
  • Candela Corporation
  • BTL Industries
  • Venus Concept
  • Lynton Lasers Ltd.

 

Recent Developments

  • January 2022- BTL Expanded its Global Network to Austria. BTL substantially diversified its product portfolio by bringing innovations across multiple medical specialties. Behind every product stands 350 engineers whose goal is to develop cutting-edge therapies. "We are excited to announce that now we are directly present in Austria as well.", said company CEO, Jan Pavlik.
  • April 2022- Cutera Partnered with Synchrony to Provide Financing Options to Dermatology Patients for Innovative Treatment. CUTERA, INC. (Nasdaq: CUTR), a leading provider of dermatological solutions, and Synchrony (NYSE: SYF), a leading provider of consumer payment and financing solutions, announces an exclusive partnership to expand patient financing options to dermatology practices across the United States.

Global Non-invasive Fat Reduction Market: Segmentation

By Type

  • Cryolipolysis
  • Ultrasound
  • Low-Level Lasers
  • Others

By End-User

  • Hospitals
  • Stand Alone Practices
  • Multispecialty Clinics
  • Others

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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