Number of pages: 100 | Report Format: PDF | Published date: February 16, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 1.23 billion |
Revenue Forecast in 2030 |
US$ 3.75 billion |
CAGR |
13.2% |
Base year for estimation |
2021 |
Forecast Year |
2022-2030 |
Historical Year |
2020 |
Segments Covered |
Technology, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global non-invasive fat reduction market was valued at US$ 1.23 billion in 2021 and is expected to register a revenue CAGR of 13.2% to reach US$ 3.75 billion by 2030.
Non-invasive Fat Reduction Market Fundamentals
Non-invasive fat reduction refers to a group of cosmetic procedures that are used to reduce fat in specific areas of the body without the need for surgery. The goal of non-invasive fat reduction is to contour the body and improve its shape and appearance, and these procedures typically target areas such as the abdomen, hips, thighs, and arms. Non-invasive fat reduction procedures use various methods to reduce fat, including cooling (cryolipolysis), heating (radiofrequency), and mechanical energy (ultrasound). The specific method used depends on the individual case and the goals of the patient, and these procedures are typically performed in a doctor’s office or clinic. As people become more aware of the benefits of non-invasive fat reduction procedures, the demand for these procedures is expected to increase, particularly among people who are looking for a way to contour their bodies and improve their appearance without undergoing surgery.
One of the main benefits of non-invasive fat reduction is that it is minimally invasive, meaning that there are no incisions, stitches, or general anesthesia required. This results in a faster recovery time and a lower risk of complications compared to traditional liposuction procedures. Additionally, non-invasive fat reduction procedures can produce significant results in reducing fat in specific areas, although multiple sessions may be required to achieve the desired outcome. Non-invasive fat reduction procedures are generally pain-free, and there is no need for pain medication. Some procedures may be associated with mild discomfort, but this is typically minimal and temporary. The treatment time is typically shorter than that of traditional liposuction procedures. Moreover, these procedures offer a non-surgical alternative to traditional liposuction procedures, which can be appealing to those who are not interested in undergoing surgery. No scars are left behind by these procedures, as they do not involve incisions. This can be especially appealing for those who are concerned about visible scarring.
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Non-invasive Fat Reduction Market Dynamics
The rising prevalence of obesity and diabetes are the key factors for the revenue growth of the global non-invasive fat reduction market. For instance, according to the WHO’s June 2021 report, obesity has reached an epidemic stage globally. Approximately 2.8 million individuals die each year due to being overweight or obese. The development of non-invasive fat reduction technologies, such as cryolipolysis, ultrasound, and radiofrequency, has increased the popularity of these procedures and is also boosting the global non-invasive fat reduction market revenue growth. Additionally, the rising awareness of non-invasive procedures due to their benefits, such as lower risk complications, minimal scarring, and faster recovery time, is helping the global non-invasive fat reduction market to flourish. People have become more conscious of their physical appearance and are looking forward to less time-consuming fat-loss treatments, which is expected to aid in the revenue growth of the global non-invasive fat reduction market. Moreover, the increase in the acceptance of cosmetic surgery in recent years is also playing a key role in the revenue growth of the global non-invasive fat reduction market. Partnerships, mergers, and acquisitions among the major players are also boosting the global non-invasive fat reduction market revenue growth.
However, the high cost of fat reduction procedures and the risk of post-operative complications associated with it are expected to impede the non-invasive fat reduction market revenue growth to some extent.
Non-invasive Fat Reduction Market Ecosystem
The global non-invasive fat reduction market is analyzed from three perspectives: technology, end user, and region.
Non-invasive Fat Reduction Market by Technology
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Based on the technology, the global non-invasive fat reduction market is segmented into ultrasound, cryolipolysis, low-level lasers, and others.
The cryolipolysis segment accounted for the principal revenue share of the market in 2021, attributed to being affordable, having no downtime, and awareness being spread about it. Cryolipolysis is a non-invasive medical procedure that uses cooling to reduce fat in specific areas of the body. The procedure works by exposing the fat cells to controlled cooling, which causes them to freeze and die. Over time, the body naturally processes and eliminates dead fat cells, resulting in a reduction in the size of the treated area. Cryolipolysis has been shown to be effective in reducing fat in specific areas, such as the abdomen, love handles, thighs, and back. It can result in a noticeable reduction in fat and improved body contour. It is a relatively safe and well-tolerated procedure with minimal risks. Additionally, it is a non-invasive procedure that requires no downtime. Patients can return to their normal activities immediately after the procedure. These factors contribute to the revenue growth of the cryolipolysis segment.
Non-invasive Fat Reduction Market by End User
Based on the end user, the global non-invasive fat reduction market is segmented into hospitals, specialty clinics, home care, and others.
The hospitals segment dominated the market with the largest revenue share in 2021, since hospitals are the primary go-to choice for all surgeries, resulting in high patient footfall. Furthermore, hospital settings are well equipped with cutting-edge technology, fat reduction equipment, skilled practitioners, and the required infrastructure to carry out such treatments. Also, when the therapy is carried out in a hospital, there is a sense of confidence and dependability. Hospital accreditation is an important feature that determines a patient’s willingness to undertake cosmetic operations. These factors contribute to the revenue growth of the hospital segment.
Non-invasive Fat Reduction Market by Region
Geographically, the global non-invasive fat reduction market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America and Europe are the leading regions in the non-invasive fat reduction market owing to the presence of major firms, the rising obese population, and awareness among people about fitness. Companies from this region are consistently involved in launching new and innovative treatment procedures as well as products. These factors are boosting the region’s market revenue growth. For instance, in January 2023, RT Aesthetics, a renowned aesthetics firm located in Newcastle, introduced the EMSCULPT NEO, a whole new method of body shaping. The EMSCULPT NEO is a new method that uses a specifically developed and patented combination of simultaneous radio frequency and high-intensity focused electromagnetic waves in a single session to eliminate fat cells and build muscle non-invasively. The ultimate result is more fat loss and muscle gain in less time and for less money than any single gold standard method.
Non-invasive Fat Reduction Market Competitive Landscape
The prominent players operating in the global non-invasive fat reduction market are:
Non-invasive Fat Reduction Market Strategic Developments
The global non-invasive fat reduction market is expected to reach US$ 3.75 billion by 2030.
The non-invasive fat reduction market is expected to register a revenue CAGR of 13.2% during the forecast period from 2022 to 2030.
The rising prevalence of obesity and diabetes, the increasing awareness of non-invasive procedures due to their benefits, and the development of non-invasive fat reduction technology are driving revenue growth in the global non-invasive fat reduction market.
The cryolipolysis segment dominates the non-invasive fat reduction market.
Cynosure, LLC, Alma Lasers, Fotona, Solta Medical (Bausch Health Companies Inc.), and Lumenis Be Ltd are among the top market players.
*Insights on financial performance are subject to availability of information in the public domain