The increased interest among individuals to remain healthy and fit, adapting to the sedentary lifestyle, consumption of calorie-rich foods and fast food, increased demand for non-invasive procedures and the rise in the disposable income are key factors contributing to high CAGR of Non -Invasive Fat Reduction market during the forecast period.
According to the current analysis of Reports and Data, the global Non-Invasive Fat Reduction Market valued at USD 870.4 million in 2018 and is expected to reach USD 2.83 billion by the year 2026, at a CAGR of 15.8%. Non-invasive fat removal is a non-surgical procedure to remove fats from different parts of the body. Rise in the sedentary lifestyle, and the incidences of obesity, are the factors responsible for market growth. In addition, the rise in the disposable income among the consumers and the demand for non-invasive treatment are further boosting the market growth. The increased awareness among the individuals to remaining healthy and fit is the primary factor fueling the growth of the market. However, the high expenditure cost of treatment is the primary factor restraining market growth. WHO in the year 2016 has reported that more than 1.9 billion adults, ie, above the age of 18, were overweight out of this 650 million adults were obese. In 2016, 39% of adults over 18 years were overweight, and 13% were obese.
North America is expected to dominate the market in the forecast period, due to an increase in the incidences of obesity rise in the research and developed in the region, regulatory approval for various technologies, and growing preference for minimally invasive procedures.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
BTL (UK), Cutera Inc.(US), ZELTIQ Aesthetics, Inc.(US), Solta Medical, Inc (US), Venus Concept (Canada), Alma Lasers (Fosun Pharmaceutical Co, Ltd.) (China), Cynosure , Inc (US), Syneron Medical Ltd. (US), Lumenis Ltd. (Israel), Hologic, Inc. (US), Allergan (US), Erchonia (US)
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The Non-Invasive Fat Reduction market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Technologies Outlook (Revenue in Million USD; 2017–2024)
- Ultrasound
- Cryolipolysis
- Radiofrequency
- Low-Level Lasers
End use Outlook (Revenue in Million USD; 2017–2024)
- Cosmetic Centers
- Hospitals
- Dermatology Clinics
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the Non-Invasive Fat Reduction market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- FDA, in the year 2018, had approved the latest fat-busting method of body contouring. Vanquish, a product of BTL Aesthetics for fat reduction is the most effective method in removing the fats from the targeted areas. It is entirely a non-invasive and safe method. The procedure uses radio-frequency energy to target and destroys fat cells by heating them; it further causes shrinkage and elimination of adipose tissue. Vanquish is designed so that the energy penetrates deep into the fat layers, but doesn't contact the skin so that the tissue above the fat layer is unaffected, making it safe for the surface skin layer.
- In the year 2018, Cutera had launched truSculpt iD's to deliver a personalized body sculpting to the patients. It has a unique ability to treat various fat densities and all skin types. It innovative uses monopolar radiofrequency (RF) technology to target fat and therapeutically heats it until adipose tissue are slowly removed and effectively removed through the body naturally.
- In the year 2019, Venus concept had to launch Venus Bliss. It is a non-invasive medical aesthetic device; it includes the use of two technologies in one system. The 1064 nm diode laser applicators are used in the device. It is used to treat focal fat in the abdomen and flanks through non-invasive lipolysis that further results in fat reduction. For completing the treatment and achieve a more contoured appearance, the (MP)2 applicator is used for tightening the lax skin and reduce circumference. It uses our proprietary (MP)2 technology and combines Multi-Polar Radio Frequency and Pulsed Electro Magnetic Fields with advanced VariPulse technology.
- Radiofrequency in the technology segment has witnessed a significant growth as it heats the fats in the body and proceeds in the fat removal it is likely to rise with a CAGR of 15.6% in the forecast period
- Cryolipolysis in the technology segment has obtained a remarkable growth in the market due to its effectiveness in the breakdown of fat cells and also because of the demand for non-invasive procedure it is expected to rise with a CAGR of 15.6% in the forecast period
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