Global Non-invasive Fat Reduction Market by Technology Type (Low Level Lasers, Cryolipolysis, Ultrasound) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global non-invasive fat loss market was valued at USD 992.5 millions. It is expected to grow at a compound annual rate (CAGR), of 16.4% between 2020 and 2027. Non-surgical fat reduction is an aesthetic non-surgical procedure to reduce or eliminate stubborn fat cells in certain areas of the body. It uses methods such as cryolipolysis and radiofrequency. FDA approval has been granted to these devices to permanently eliminate fat cells. The results have been shown to be significant. Professionals must be able to perform these procedures. CoolSculpting and Vanquish are some of the most well-known brands for non-invasive fat loss procedures.

WHO states that obesity and other diseases are largely caused by sedentary living. Obesity is responsible for approximately 2.0 million deaths each year. Obesity is a result of poor lifestyle choices, such as inactivity, long work hours and smoking, as well as behavioral risk factors like alcohol intake, stress, and smoking. People are increasingly busy and have less time to care for their health so they look for other options to reduce or eliminate stubborn fat. Market growth for non-invasive fat loss is being driven by factors such as increasing acceptance and demand for body contouring treatments, rising health care expenditures, and a growing prevalence of obesity.

The U.S Bureau of Economic Analysis reported that the Americans had USD 16.65 Trillion in Disposable Personal income in 2019. Per capita, the personal disposable income was USD 43.828. People often choose aesthetic procedures as they have more money to spend on their personal expenses. These procedures are becoming more popular with men, as the number of such minimally invasive procedures is increasing year by year. American Society of Aesthetic Plastic Surgery reported that 1.1 million minimally invasive procedures were performed on males in 2018, of which 80,822 were for non-invasive fat reduction. There are many technological advances that are taking place in this sector. These results are backed up by rapid dramatic results and benefits that lead to increased acceptance. These procedures are easy to perform and affordable, which is why millennials love non-invasive fat loss treatments.

Technology Type Insights

Cryolipolysis, which contributed 33.6% of the total revenue in 2019, was followed by ultrasound with the second highest revenue. Cryolipolysis, a non-invasive method for reducing fat, uses cold temperatures to freeze the targeted area and kill it. The metabolic pathways then drain the body of the fat over the next two to six month. The American Society of Aesthetic and Plastic Surgery reports that in 2018, 376,962 cryolipolysis treatments using Cool Sculpting were performed in the United States. People are choosing low-risk treatments that deliver long-term and instant results. This segment will grow because it is less expensive, has fewer complications, such as temporary discomfort and no downtime. There have also been many campaigns launched by key players to raise awareness about the safety and benefits these devices. Low-level lasers is another technological sector that is rapidly growing. These lasers emit lower levels of laser light (635-680nm wavelengths) and are used to liquefy fat cells and permanently eliminate them.

End-use Insights

In 2019, 51.8% of the total revenue came from hospitals. It is expected to grow rapidly over the forecast period and will be the largest segment for non-invasive fat loss. Hospitals are equipped with the latest technology and fat reduction devices. Additionally, they have the infrastructure and trust to perform such procedures.

The accreditation of a hospital is an important factor in influencing patient preferences for aesthetic procedures. Multispecialty clinics are also growing and will see the highest CAGR over the forecast period. They provide all of the patient's needs in one location, with procedural variations and access to skilled practitioners. Market demand for non-invasive fat loss is expected to be high in the future. This will lead to increased market growth and market revenue.

Regional Insights

North America was the dominant market, accounting for 48.8% of the revenue share in 2019. This trend will continue throughout the forecast period. The United States is the country that performed the most non-surgical procedures. In 2018, 2,869,485 of these treatments were done. This is due to the increasing obesity rate, increased R&D in this region, high per capita disposable income, growing adoption of new technology and constant awareness campaigns. The market for non-invasive fat loss in this region is growing due to the increasing need for a perfect appearance and confidence in all major work fields. The country's market for non-invasive fat loss is being driven by the development of simple procedures and easy access healthcare facilities.

The market for non-invasive fat loss in Latin America is expected to grow at 17.7 percent annually over the forecast period. This is due to low costs, increasing patient awareness, the availability and benefits body contouring treatments, rising aesthetic demand, cultural adoption from western economies and the marketing strategies implemented in the market for noninvasive fat reduction. Latin America will emerge as the most promising market in non-invasive fat loss over the forecast period due to the combination of all these factors.

Market Share Insights & Key Companies

Non-invasive fat loss is highly competitive. The rapid adoption of new technology and better results is one of the main factors that drive market competition. In the next few years, key players will be competing fiercely as they focus more on strategic collaborations, geographical expansion, and partnership through mergers or acquisitions. Market leaders in non-invasive fat loss are aggressively promoting their workstations using a variety of marketing strategies. BTL industries, for example, made Hollywood actress a face for their non-invasive fat loss workstation called EMSCULPT. They are also aggressively promoting the device to their customers. As part of its strategy to expand geographically, the company launched BTL Exilis ULTRA 360 Brazil. The market for non-invasive fat loss is dominated by the following players:

• Fosun Pharmaceuticals Co. Ltd

• Cutera Inc.

• Cynosure LLC

• Zeltiq Aesthetics

• Syneron Candela

• BTL Industries

• Lynton Lasers Ltd

• Venus concept

Up Market Research published a new report titled “Non-invasive Fat Reduction Market research report which is segmented by Technology Type (Low Level Lasers, Cryolipolysis, Ultrasound), By Players/Companies Zeltiq Aesthetics, Lynton Lasers Ltd, Cutera Inc, Syneron Candela, Cynosure LLC, Fosun Pharmaceuticals Co Ltd, BTL Industries, Venus concept”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Non-invasive Fat Reduction Market Report Segments:

The market is segmented by Technology Type (Low Level Lasers, Cryolipolysis, Ultrasound).

Non-invasive Fat Reduction Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Non-invasive Fat Reduction Market

Overview of the regional outlook of the Non-invasive Fat Reduction Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Non-invasive Fat Reduction Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Non-invasive Fat Reduction Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Low Level Lasers

                2. Cryolipolysis

                3. Ultrasound

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Non-invasive Fat Reduction Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Non-invasive Fat Reduction Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.