Global Non-Surgical Fat Reduction Market was valued around US$ XX Mn by 2017 and growing at a 6.2% CAGR over seven years forecast period 2018-2024 owing to grow in obese population globally.
London, London -- (SBWIRE) -- 11/10/2018 -- Analyst Speak:
"The Global Non-Surgical Fat Reduction Market was valued around US$ XX Mn by 2017 and growing at a 6.2% CAGR over seven years forecast period 2018-2024 owing to grow in obese population globally."
Precision Business Insights (PBI) in its report titled "Global Non-Surgical Fat Reduction Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024" assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Obesity is a major problem in this fast-moving world. According to the World Health Organisation (WHO), in 2016 more than 1.9 billion adults, 18 years and older, were obese. Obesity is responsible for many deaths in the world. Hence, people are becoming health conscious and showing interest to remove their excess fat in their bodies. Earlier, a majority of the people used to go for the surgical way to reduce fat in their bodies.
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Growing interest towards the minimal invasive procedures and increase in obese population are projected to dominate the market over the forecast period.
According to Precision Business Insights (PBI), introduction of new technologies into the market that can reduce the fat in a minimal invasive way gaining more attention from the consumers. Hence, non-surgical fat reduction market is projected to grow at a rapid pace when compared with the conventional surgical fat reduction. In the non-surgical fat reduction, it helps in reduction of fat in stubborn fat pockets, and body contours.
The non-surgical fat has more benefits when compared with surgical fat reduction such as faster healing time, minimal side effects, no scars and anesthesia. In the non-surgical fat reduction, it selectively breaks down the fat cells to remove the stubborn fat from areas such as abdomen, arms and thighs among others. Growing obese population and a minimal invasive procedure is driving the growth of the non-surgical fat reduction market over the forecast period. However, a high cost of the procedure and availability of treatment in fewer regions are projected to hamper the growth of non-surgical fat reduction market.
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The global non-surgical fat reduction market is divided into the following categories
- Laser Surgery Devices
- Ultra Sound Devices
- RF Devices
- Beauty Clinics
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North America Market Projected To Dominates Non-Surgical Fat Reduction Market Over the Forecast Period
Non-surgical fat reduction market is becoming more popular in the North America market and projected to create huge market opportunities for the market players that are operating in this market owing to rise in demand for the non-invasive surgical procedures for reduction of fat and recent U.S. FDA approvals of new technologies such as SculpSure in the U.S. market. Furthermore, aesthetic market players are strategically moving by acquiring companies that are operating in the non-surgical fat reduction market. For instance, in April 2017, Allergan, a leader in the aesthetics, acquired ZELTIQ Aesthetics Inc., that involved in controlling fat reduction treatment, CoolSculpting. In March 2017, Hologic Inc. acquired Cynosure, Inc., a leading player in aesthetic systems and technologies.
Some of the market players in global non-surgical fat reduction market include ZELTIQ Aesthetics (Allergan plc) (Ireland), Alma Lasers, Ltd. (Israel), Sciton, Inc. (U.S.), Fotona (U.S.), Lynton Lasers Ltd. (UK), Venus Concept Canada Corp., Cynosure, Inc. (Hologic Inc.) (U.S.), Solta Medical Inc. (Thermage) (U.S.), Lutronic Corporation (South Korea), Syneron Medical Ltd. (U.S.).
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