Global body fat reduction market growth is driven by increasing prevalence of obesity across both developed and developing countries. Body mass index (BMI) and excess abdominal fat are strongly correlated with various health risks such as cardiovascular diseases, diabetes, cancers and others. As consumers become more aware about maintaining a healthy lifestyle and body weight, there will be huge demand for various body fat reduction treatments and procedures. Furthermore, rising geriatric population worldwide who are more prone to weight gain, if physical activity is not maintained, can also drive the market growth. However, factors such as high cost of treatments and risks/complications associated with certain body fat reduction techniques can hamper the market growth.
Market Dynamics:
Global body fat reduction market growth is driven by factors like rising obese and overweight population worldwide, increasing consumer awareness about health risks of excessive body weight, growing geriatric population prone to weight gain, rising adoption of sedentary lifestyle in urban areas, and increasing marketing & promotional activities by key players. However, high cost of invasive procedures and non-invasive devices, risks/complications associated with certain body fat reduction techniques, lack of reimbursement for aesthetic procedures in many countries, and preference for alternate treatment options can hamper the market growth. The market players have significant opportunities in the emerging economies owing to their large untapped population. Ongoing R&D for development of new products with improved safety profile and minimal side effects can offer opportunities for the market players.
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