Non-Invasive Fat Reduction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Non-Invasive Fat Reduction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The non-invasive fat reduction market is expected to register a CAGR of 9.5% over the forecast period-2022-2027.

The disruption in the supply chain during COVID-19 and delay in delivery of essential products required for the development of non-invasive fat reduction technology imposed an adverse effect on the non-invasive fat reduction market. However, the outbreak of COVID-19 positively impacted the non-invasive market in later times. Plastic surgeons have received a surge in inquiries for cosmetic procedures since the coronavirus lockdown, with workers desperate to look good on Zoom calls. For instance, in an article titled “How COVID-19 is changing the world of beauty” published in May 2020, it is mentioned that according to research, in China online revenues for beauty-industry players rose 20.0 to 30.0% during the outbreak. In addition, according to a research paper “Obesity and activity patterns before and during COVID-19 lockdown among youths in China” published in October 2020, prior to COVID-19, the mean body mass index (BMI) of all youths was 21.8 kg/m2, with the prevalence of overweight/obesity and obesity being 21.3% and 10.5%, respectively. But within the month of COVID-19 lockdown, BMI has significantly increased in overall youths and the prevalence of overweight/obesity has significantly increased in China. Thus, the demand for non-invasive fat reduction procedures for cosmetic procedures in order to improve appearance is anticipated to increase thereby, positively impacting the non-invasive market.

The increasing prevelence of obesity, rising demand for minimally invasive procedures, and rising awareness regarding health risks associated with healthy lifestyle are the major factors driving the market growth over the forecast period. The increasing prevelence of obesity is one of the major factors propelling the market growth. For instance, as per the report published by the Trust for America's Health Organization in 2020, the United States adult obesity rate represents around 42.4% and it is for the first time the national rate has passed the 40.0% mark. The national adult obesity rate has increased by 26.0% since 2008. The combination of non-invasive fat reduction treatment using high-focus ultrasound (HIFU), endermology, mesotherapy and laser reduces resistant fat that does not respond to current treatment modalities of diet, exercise and pharmacotherapy, as well as reducing body fat percentage. Thus, non-invasive fat reduction procedures is considered as one of the effective treatment of obesity. Therefore, increasing cases of obesity is anticipated to surge the market growth over the forecast period.

However, high treatment costs and potential risk of side effects on skin due to laser are likely to hinder the market growth over the forecast period.

Key Market TrendsUltrasound Fat Removal Technology Segment is Expected to Witness Growth Over the Forecast Period

Ultrasound fat removal or ultrasonic liposuction is a type of fat loss procedure that liquefies fat cells before their removal. This is done with the guidance of an ultrasound combined with ultrasonic waves to target fat cells. Ultrasound-assisted liposuction is considered to be more precise and considered much safer as it preserves surrounding nerves.

Increasing adoption of minimally invasive procedures is one of the major factors propelling the segment growth over the forecast period. There has been seen a surging demand for cosmetic procedures worldwide in 2021. For instance, as per a survey conducted in 2021 by the Menarini Group, an Italian pharmaceutical company among 100 dermatologists and plastic surgeons across India revealed that 65.0% of the respondents agree that facelift is the most sought-after facial aesthetic procedure in India and 37.0% of the respondents have observed an increased demand for aesthetic procedures since the onset of the global COVID-19 pandemic with the desire to look good on social media. Similarly, American Society of Plastic Surgeons (ASPS) data published in February 2022, also shows that total cosmetic minimally invasive procedures performed in males and females were 820,123 and 10,429,962, respectively in 2020. Non-surgical liposuction, also known as non-surgical fat removal (lipolysis), is a non-invasive process that destroys extra fat cells in the body using ultrasound technologies. Thus, increasing adoption of minimally invasive procedures is anticipated to surge the segment growth over the forecast period.

Therefore, due to the above mentioned factors considerable segment growth is anticipated over the forecast period.

North America is Expected to Dominate the Market

North America is expected to dominate the overall non-invasive fat reduction market, over the forecast period. The growth is due to factors such as the rising cases of obesity, and the increasing adoption of minimally invasive procedures. For instance, as per the Plastic Surgery Statistics Report 2020, the American Society of Plastic Surgeons reported that in the year 2020 15.6 Million people have undergone cosmetic procedures in the United States alone, among which 2.3 million were cosmetic surgical procedures and 13.2 million were cosmetic minimally-invasive procedures. Therefore, such an instance indicates considerable market growth in this region.

Key product launches, high concentration of market players or manufacturer's presence, and acquisition & partnerships among major players in the United States are some of the factors driving the growth of the non-invasive fat reduction market in the country. For instance, the Center for Facial, Oral, and Implant Surgery and the United States Oral Surgery Management (USOSM), a specialized management services organization that solely supplies elite oral and maxillofacial specialists, announced a new agreement in November 2021. Such continuous company development are anticipated to drive the growth of the market in the country.

Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.

Competitive Landscape

The non-invasive fat reduction market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known including Cutera Inc., Zeltiq Aesthetics Inc., Bausch Health Companies, Venus Concept, Alma Lasers, and Candela Corporation, among others.

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