A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global non-surgical fat reduction market. Presenting exclusive insights into the market from 2017 to 2022, the report projects that the market will witness notable growth during the forecast period. Non-surgical fat reduction is a procedure used to remove body fats with the help of different types of treatment devices, such as lasers, light-assisted, cryotherapy, ultrasound, and radiofrequency. Non-surgical fat reduction is mostly performed in outpatient clinics or in beauty centers. Patients prefer non-surgical procedures over surgical procedures owing to the less recovery time and pain involved. The growth of the market is primarily attributed to increasing levels of obesity among the population and increasing preference among consumers for body toning and grooming procedures. Besides, growing awareness regarding the adverse effects of obesity, coupled with increased investments in the healthcare sector is also implying the revenue of the non-surgical fat reduction market.
High Obesity Rates Coupled with Growing Fitness Trends Continue to Foster Master Growth
According to the World Health Organization, there are nearly 1.9 billion adults, who are overweight. Among them, over 650 million are obese. The high prevalence of obesity across the world is the driving factor of non-surgical fat reduction. Over the years, awareness regarding the adverse health effects of obesity has also surged, thereby pushing consumers to opt for non-surgical fat reduction. Furthermore, consumers in developed economies are highly stressing on the need for maintaining an attractive physical appearance, and have been adopting obesity management treatments. On this premise, non-surgical fat reduction is gaining prominence for its painless and time-effective nature. Populations of North America and Europe, predominantly in the age groups between 25 to 40, are preferring advanced aesthetic services to stay in shape, thereby propelling the demand for non-surgical fat reduction treatments. Besides, approvals from the Food and Drug Administration (FDA), for innovative technologies such as fat-freezing, high-intensity focused ultrasound, etc. are also creating revenue opportunities for the market players.
Developed Economies Bestow Lucrative Revenue Opportunities
Developed economies, such as North America and Europe remain at the forefront of market growth, owing to high levels of disposable incomes among consumers. Moreover, the high prevalence of obesity, coupled with the willingness to spend on personal care procedures in these regions is catalyzing the market growth. Further, the high cost of obesity management procedures in these regions is translating into revenue for ASEAN and South America regions in the form of medical tourism. Considering the treatments are highly affordable in Mexico and parts of Asia, consumers seeking fat-reduction treatments are traveling to these destinations. However, lack of reimbursements for body contouring procedures and higher cost of treatment in the U.S. is limiting rampant adoption