In a recently published report, Non-Invasive Fat Reduction Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Non-Invasive Fat Reduction Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Non-Invasive Fat Reduction Market is valued at approximately USD 992 million in 2019 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2020-2027. Non-invasive fat reduction is a non-surgical aesthetic procedure that selectively breakdown fat cells in specific areas of the body to eliminate or reduce the size of subcutaneous fat pockets (fat deposits that placed below the skin, however, above the muscle). To reduce the fat non-invasively, several methods are used such as cryolipolysis, radiofrequency, and laser lipolysis. The devices are primarily used in these non-surgical procedures to permanently eliminate fat cells. They are often FDA approved as their safety and efficiency have been examined and the results have been demonstrated to indicate significant outcome. These procedures are usually being carried out by skilled physicians to mitigate the risk of negative consequences. Therefore, these factors are anticipated to accelerate market growth around the world. Moreover, increasing prevalence of obesity around the world, along with the escalating demand for minimally invasive procedures are few other factors responsible for the market growth over the forecast period.
For instance, the WHO data in 2016 specified that over 650 million world population was recorded to be obese. Also, the World Obesity Federation reported released in 2017 revealed that over 2.7 billion population living around the world would be obese by 2025. This, in turn, is expected to reinforce the market growth all over the world. Recently, the COVID-19 is widely spread throughout the world, therefore, several healthcare organizations and facilities are increasingly focused on the treatment of the patients with the novel coronavirus. For this reason, the non-invasive procedures for fat reduction are likely to postponed or put on hold during the pandemic. This is likely to inhibit the usage of devices and therapies related to non-invasive fat reduction thereby, the market would decline significantly at least in this year. However, lack of reimbursements and side-effects associated with the procedure are the major factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Non-Invasive Fat Reduction market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing incidences of obesity among people, along with the presence of a significant number of market vendors in the region. Whereas, Latin America is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising patient awareness, surging demand for aesthetics procedures, and the availability and benefits of body contouring treatments would create lucrative growth prospects for the Non-Invasive Fat Reduction market across the Asia-Pacific region.
Major market player included in this report are:
Zeltiq Aesthetics Inc.
Bausch Health Companies Inc.
Venus Concept Canada Corp.
Alma lasers Inc.
Candela Laser Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
Low Level Lasers
Dermatology Clinics and Cosmetic Centers
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Non-Invasive Fat Reduction Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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