The North America Body Fat Reduction Market would witness market growth of 10.5% CAGR during the forecast period (2021-2027).
Body fat reduction is the procedure through which extra and unwanted body fat is decreased. Excessive body fat ultimately results in weight growth and obesity, which causes many health issues like heart problems, high cholesterol, blood pressure, and higher vulnerability to stroke, and diabetes. Body fat reduction can be performed with the help of surgical or non-surgical methods. Several treatments like abdominoplasty (tummy tuck), cryolipolysis, laser lipolysis, liposuction, red light therapy, ultrasound, and injectable treatment are accessible in the market. Conversely, huge cost of these methods and some post treatment complication would slow down the growth of the overall body fat reduction market.
The prevalence of obesity in the US has grown by 42.4% from 2017 to 2018. This has encouraged many customers to choose different types of fat removal procedures, under which, body contouring is the most commonly adopted procedures. Moreover, the surge in living standards coupled with high disposable income and the rising consciousness among customers about their looks and appearance would further open new growth avenues for the regional body fat reduction market over the forecast period.
In addition, the high expenditure of the customer to maintain their body and eliminate extra fat from their body is creating more demand for body fat reduction procedures and thus, fueling the growth of the regional body fat reduction market. Additionally, the high adoption of social media platforms among the global population is increasing their awareness regarding their appearance, which would contribute to the increased demand & growth of the body fat reduction market during the forecast period.
The US market dominated the North America Medical spas Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,316.7 million by 2027. The Canada market is experiencing a CAGR of 13.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 12.5% during (2021 - 2027).
As per the U.S Bureau of Economic Analysis, people residing in the US had USD 16.65 trillion in Disposable Personal Income and per capita, personal disposable income was USD 43,828 in 2019. The majority of individuals are likely to choose aesthetic procedures due to the rising purchasing power. In addition, these procedures are becoming highly popular among men as there has been a constant increment in the number of males choosing these minimally invasive treatments.
As per the American Society of Aesthetic Plastic Surgery, the number of minimally invasive procedures that were carried out on males was 1.1 million and among this, 80,822 were non-invasive fat reduction procedures in 2018. This is owing to the developments in technologies that are supported by promising outcomes and advantages, thereby resulting in higher acceptance by people. Millennials are shifting towards these procedures due to their high affordability and simple operability which would open new growth avenues for the players operating in the overall body fat reduction market during the forecasting period.
Based on Service Provider, the market is segmented into Hospitals & Clinics, Medical spas and Others. Based on Gender, the market is segmented into Female and Male. Based on Procedure, the market is segmented into Surgical and Non-Surgical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Body Fat Reduction Market is Estimated to reach $17.9 Billion by 2027, at a CAGR of 11.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Service Provider
- Hospitals & Clinics
- Medical spas
- Others
By Gender
By Procedure
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Cynosure, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Body Fat Reduction Market, by Service Provider
1.4.2 North America Body Fat Reduction Market, by Gender
1.4.3 North America Body Fat Reduction Market, by Procedure
1.4.4 North America Body Fat Reduction Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Body Fat Reduction Market by Service Provider
3.1 North America Hospitals & Clinics Market by Country
3.2 North America Medical spas Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Body Fat Reduction Market by Gender
4.1 North America Female Body Fat Reduction Market by Country
4.2 North America Male Body Fat Reduction Market by Country
Chapter 5. North America Body Fat Reduction Market by Procedure
5.1 North America Surgical Market by Country
5.2 North America Non-Surgical Market by Country
Chapter 6. North America Body Fat Reduction Market by Country
6.1 US Body Fat Reduction Market
6.1.1 US Body Fat Reduction Market by Service Provider
6.1.2 US Body Fat Reduction Market by Gender
6.1.3 US Body Fat Reduction Market by Procedure
6.2 Canada Body Fat Reduction Market
6.2.1 Canada Body Fat Reduction Market by Service Provider
6.2.2 Canada Body Fat Reduction Market by Gender
6.2.3 Canada Body Fat Reduction Market by Procedure
6.3 Mexico Body Fat Reduction Market
6.3.1 Mexico Body Fat Reduction Market by Service Provider
6.3.2 Mexico Body Fat Reduction Market by Gender
6.3.3 Mexico Body Fat Reduction Market by Procedure
6.4 Rest of North America Body Fat Reduction Market
6.4.1 Rest of North America Body Fat Reduction Market by Service Provider
6.4.2 Rest of North America Body Fat Reduction Market by Gender
6.4.3 Rest of North America Body Fat Reduction Market by Procedure
Chapter 7. Company Profiles
7.1 Allergan PLC (AbbVie)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisitions and Mergers:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Approvals and Trials:
7.2 Bausch Health Companies, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Cutera, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Geographical Expansions:
7.3.5.3 Approvals and Trials:
7.4 Alma Lasers Ltd. (Sisram Medical Ltd.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 Vlcc Health Care Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Apollo Hospitals Enterprise Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.7 Candela Medical Corporation
7.7.1 Company Overview
7.8 Sciton, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Lumenis Ltd.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Geographical Expansions:
7.10. Cynosure, LLC
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
7.10.2.2 Geographical Expansions:
TABLE 1 North America Body Fat Reduction Market, 2017 - 2020, USD Million
TABLE 2 North America Body Fat Reduction Market, 2021 - 2027, USD Million
TABLE 3 North America Body Fat Reduction Market by Service Provider, 2017 - 2020, USD Million
TABLE 4 North America Body Fat Reduction Market by Service Provider, 2021 - 2027, USD Million
TABLE 5 North America Hospitals & Clinics Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Hospitals & Clinics Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Medical spas Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Medical spas Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Body Fat Reduction Market by Gender, 2017 - 2020, USD Million
TABLE 12 North America Body Fat Reduction Market by Gender, 2021 - 2027, USD Million
TABLE 13 North America Female Body Fat Reduction Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Female Body Fat Reduction Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Male Body Fat Reduction Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Male Body Fat Reduction Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Body Fat Reduction Market by Procedure, 2017 - 2020, USD Million
TABLE 18 North America Body Fat Reduction Market by Procedure, 2021 - 2027, USD Million
TABLE 19 North America Surgical Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Surgical Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Non-Surgical Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Non-Surgical Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Body Fat Reduction Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Body Fat Reduction Market by Country, 2021 - 2027, USD Million
TABLE 25 US Body Fat Reduction Market, 2017 - 2020, USD Million
TABLE 26 US Body Fat Reduction Market, 2021 - 2027, USD Million
TABLE 27 US Body Fat Reduction Market by Service Provider, 2017 - 2020, USD Million
TABLE 28 US Body Fat Reduction Market by Service Provider, 2021 - 2027, USD Million
TABLE 29 US Body Fat Reduction Market by Gender, 2017 - 2020, USD Million
TABLE 30 US Body Fat Reduction Market by Gender, 2021 - 2027, USD Million
TABLE 31 US Body Fat Reduction Market by Procedure, 2017 - 2020, USD Million
TABLE 32 US Body Fat Reduction Market by Procedure, 2021 - 2027, USD Million
TABLE 33 Canada Body Fat Reduction Market, 2017 - 2020, USD Million
TABLE 34 Canada Body Fat Reduction Market, 2021 - 2027, USD Million
TABLE 35 Canada Body Fat Reduction Market by Service Provider, 2017 - 2020, USD Million
TABLE 36 Canada Body Fat Reduction Market by Service Provider, 2021 - 2027, USD Million
TABLE 37 Canada Body Fat Reduction Market by Gender, 2017 - 2020, USD Million
TABLE 38 Canada Body Fat Reduction Market by Gender, 2021 - 2027, USD Million
TABLE 39 Canada Body Fat Reduction Market by Procedure, 2017 - 2020, USD Million
TABLE 40 Canada Body Fat Reduction Market by Procedure, 2021 - 2027, USD Million
TABLE 41 Mexico Body Fat Reduction Market, 2017 - 2020, USD Million
TABLE 42 Mexico Body Fat Reduction Market, 2021 - 2027, USD Million
TABLE 43 Mexico Body Fat Reduction Market by Service Provider, 2017 - 2020, USD Million
TABLE 44 Mexico Body Fat Reduction Market by Service Provider, 2021 - 2027, USD Million
TABLE 45 Mexico Body Fat Reduction Market by Gender, 2017 - 2020, USD Million
TABLE 46 Mexico Body Fat Reduction Market by Gender, 2021 - 2027, USD Million
TABLE 47 Mexico Body Fat Reduction Market by Procedure, 2017 - 2020, USD Million
TABLE 48 Mexico Body Fat Reduction Market by Procedure, 2021 - 2027, USD Million
TABLE 49 Rest of North America Body Fat Reduction Market, 2017 - 2020, USD Million
TABLE 50 Rest of North America Body Fat Reduction Market, 2021 - 2027, USD Million
TABLE 51 Rest of North America Body Fat Reduction Market by Service Provider, 2017 - 2020, USD Million
TABLE 52 Rest of North America Body Fat Reduction Market by Service Provider, 2021 - 2027, USD Million
TABLE 53 Rest of North America Body Fat Reduction Market by Gender, 2017 - 2020, USD Million
TABLE 54 Rest of North America Body Fat Reduction Market by Gender, 2021 - 2027, USD Million
TABLE 55 Rest of North America Body Fat Reduction Market by Procedure, 2017 - 2020, USD Million
TABLE 56 Rest of North America Body Fat Reduction Market by Procedure, 2021 - 2027, USD Million
TABLE 57 Key Information – Allergan PLC
TABLE 58 key information – Bausch Health Companies, Inc.
TABLE 59 Key Information – Cutera, Inc.
TABLE 60 Key Information – Alma Lasers Ltd.
TABLE 61 Key Information – Vlcc Health Care Limited
TABLE 62 Key Information – Apollo Hospitals Enterprise Limited
TABLE 63 Key Information – Candela Medical Corporation
TABLE 64 Key Information – Sciton, Inc.
TABLE 65 key Information – Lumenis Ltd.
TABLE 66 key information – Cynosure, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Allergan PLC (AbbVie)
FIG 3 Recent strategies and developments: Cutera, Inc.
FIG 4 Recent strategies and developments: Cynosure, LLC