Body Fat Reduction Market Regional Analysis:
North America Market Forecast
North America industry is likely to dominate majority revenue share of 38.5% by 2035, The strong presence of research centers, top medical universities, and advanced healthcare facilities is promoting the overall market growth. Body fat reduction surgeries are widely performed in the region due to factors such as the high trend to appear aesthetically good and the easy availability of next-gen technologies.
In the U.S., the aesthetic surgery rate is highly driven by all demographic groups. For instance, the American Society of Plastic Surgeons study revealed that in 2022, liposuction and tummy tuck surgeries were increased by 25% to 50%, respectively among GenX patients. Furthermore, baby boomers held around 31% of the less invasive treatment procedures, in 2022. Thus, the U.S. is one of the lucrative for body fat reduction market technology providers.
The increasing prevalence of obesity among both men and women is positively influencing body fat reduction market growth in Canada. For instance, as per the report by Statistique Canada, in 2022, the prevalence rate of obesity among men and women each accounted for 30%. The strong presence of research centers, skilled surgeons, and advanced technologies is further supporting the overall market growth.
Asia Pacific Market Statistics
The Asia Pacific body fat reduction market is projected to increase at the fastest pace during the forecast period. The increasing cases of obesity, growing awareness of plastic surgeries, and rising healthcare expenditures are augmenting the sales of advanced body fat reduction technologies in the region. Furthermore, social media influencers majorly contribute to the increasing cosmetic procedures.
In China, the advancements in cosmetic surgical technologies and rising plastic surgery rates are boosting the body fat reduction market growth. In 2023, around 70% of non-surgical medical aesthetic treatments were performed in China. The increasing consumer awareness and ability to spend on medical aesthetics are also fueling the sales of body fat reduction technologies.
India is emerging as a hub for medical tourism and the presence of advanced technologies, skilled experts, and cost-effectiveness are prime contributors to this. The increasing investments in healthcare infrastructure developments are set to positively influence the body fat reduction market growth in the coming years. For instance, the India Brand Equity Foundation revealed that the government is focusing on introducing a credit incentive program worth USD 6.8 billion to enhance the healthcare infrastructure. Such investments increase the adoption rates of advanced medical technologies including body fat reduction solutions.
