Body Fat Reduction Market Report by Regional Outlook & Growth Forecast to 2026

1. Body Fat Reduction Market Demand Analysis and Growth Forecast to 2026 • Rising concerns over treating obesity and related health issues could spark the demand for body fat reduction procedures by 2026. Availability of non-invasive procedures centered around body fat reduction will have a major positive impact on its overall market growth. Growing focus on body aesthetics have fueled the demand for procedures like liposuction, tummy tuck (abdominoplasty) and cry lipolysis. • Obese population across developing countries are spending willingly on surgical as well as non-surgical procedures for body fat reduction. Report from the American Society of Plastic Surgeons indicates that in 2018, spending on cosmetics plastic surgeries and other invasive procedures accounted around USD 15 billion. The rise in the spending for treatment is influenced by the procedural volume. That being said, increasing spending on body fat reduction to look youthful and healthier will generate extensive growth strides in the body fat reduction market. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. According to Global Market Insights, the body fat reduction market is expected to grow over 10.4% CAGR until 2026. In 2019, the body fat reduction market size was valued at over USD 8.5 billion. • Meanwhile, the surgical body fat reduction segment registered over 85% share in terms of revenue in 2019. As per a American Society for Aesthetic Plastic Surgery (ASPS) report, in 2017, more than 250,000 liposuction procedures were performed in the U.S. Also, considerable demand for tummy tuckers surgeries was noticed over the same year. • The demand for such procedures is extensively high among female population. In 2019, the body fat reduction market specific to female patients was accounted for over USD 8 billion in revenue. Increasing emphasis on looking better and avoiding health problems associated with being overweight and obese will accelerate the adoption of such procedures by women. According to the World Health Organization, in 2016, about 40% female adults were overweight, with approximately 15% obese females. Higher awareness rate among women and the preference for fat reduction will help the market register considerable momentum until 2026. • While on a global scale, the body fat reduction market comprises of numerous regional and local players. Businesses specializing in offering such procedures are willingly broadening their market presence by adopting several strategies like collaborations, mergers and boosting the social media presence. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • Regionally speaking, in 2019, the U.S. seized more than 80% share of the North America body fat reduction Industry. In the year 2017, around 150,000 non-invasive fat reduction surgeries were performed along with 130,000 tummy tucker surgeries in the country. The market is expected to see tremendous growth in future due to the presence of several cosmetic facilities and the manufacturing of advanced devices for performing cosmetics procedures related to body fat reduction. • Competitive Analysis • Key industry participants are Amirlak Plastic Surgery, Apollo Cosmetic Clinics, JK Plastic Surgery Center, The Piazza Center for Plastic Surgery & Advanced Skin Care, The Plastic Surgery Clinic, The University of Texas Southwestern Medical Center, Transform Cosmetic Surgery, VIDA Wellness & Beauty, VLCC Wellness, Waldman Schantz Plastic Surgery Center, Elite Body Sculpture © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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