North America Fat Reduction Market, By Type (Surgical Fat Reduction, Non-Invasive Fat Reduction, and Minimally Invasive), Application (Abdominal Fat, Thighs Fat, Buttock Fat, Upper-Arm Fat, Facial Fat-Deposits, and Knee Fat), Gender (Female and Male), Age Group (Adult, Geriatric, and Child), End User (Hospitals, Multi-Specialty Clinics, Dermatology Centers, Medical Spas and Beauty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, Third Party Distributors and Others), Industry Trends and Forecast to 2033.
North America Fat Reduction Market Analysis and Insights
The North America fat reduction market is expected to grow in the forecast period due to the increasing demand for minimally invasive and non-invasive procedures and decreased disparity between men and women for aesthetic functions. The market is also influenced by the growing aesthetic consciousness and beauty standards and growing technological advancement. However, the North America fat reduction market is expected to be hampered by the high cost of procedures, increased risks associated with the procedures, and product recall.
The customized treatment plans and integration with other aesthetic procedures, beliefs, and trends of fat reduction in young adults and focus on inclusivity and diversity and expansion of product lines are expected to act as opportunities for market growth. However, low term efficacy and sustainability and longer recovery time of the procedure is expected to challenge market growth.
The demand for the fat reduction market has increased in both developed and developing countries, and the reason behind this is its effectiveness and availability. Thus, many market players offer fat reduction products with innovations that pave the way for the growth of the North America fat reduction market.
Data Bridge Market Research analyzes that the North America fat reduction market is expected to reach the value of USD 11,773.56 million by 2033, at a CAGR of 9.9% during the forecast period.
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Report Metric
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Details
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Forecast Period
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2023 to 2033
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Surgical Fat Reduction, Non-Invasive Fat Reduction, and Minimally Invasive), Application (Abdominal Fat, Thighs Fat, Buttock Fat, Upper-Arm Fat, Facial Fat-Deposits, and Knee Fat), Gender (Female and Male), Age Group (Adult, Geriatric, and Child), End User (Hospitals, Multi-Specialty Clinics, Dermatology Centers, Medical Spas and Beauty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, Third Party Distributors and Others)
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Countries Covered
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U.S., Canada, Mexico, Costa Rica, Dominican Republic, Panama, El Salvador, Guatemala, Honduras, and Nicaragua
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Market Players Covered
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Hironic Co Ltd, AbbVie Inc., Cynosure, Alma Lasers, Candela Corporation, Merz Pharma, Solta Medical (Subsidiary of Bausch & Lomb Incorporated), Cutera, MicroAire Surgical Instruments, LLC., Mentor Worldwide LLC, Venus Concept, Erchonia Corporation, BTL Group of Companies, Leaderma Inc., MÖLLER Medical, Fotona, and Implantech., among others.
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North America Fat Reduction Market Definition
Fat reduction refers to reducing the amount of body fat or adipose tissue in an individual's body. It involves strategies and techniques aimed at promoting weight loss and decreasing the overall percentage of body fat. Body fat reduction can be done through surgical and non-surgical procedures. Various treatments are available such as laser lipolysis, cry lipolysis, liposuction, injectable treatment, and others.
North America Fat Reduction Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing Demand for Minimally Invasive and Non-Invasive Procedures
The use of minimally invasive and non–invasive procedures has been shifted as compared to traditional methods for fat reduction techniques including laser and other energy-based devices. For the use of surgical or non-surgical procedures specially designed instruments have been developed for the minimally used procedures.
Minimally invasive surgery is a procedure conducted with the assistance of a scope of viewing and specially equipped surgical instruments. Using minimally invasive procedures allows no cuts or minimal cuts with lesser recovery time allowing the increasing demand and use of minimally invasive procedures. Other reasons for the rise of procedures can be defined by the increasing aging people and the requirement for healthcare facilities including patient-friendly techniques whose medical requirements are maximum which can further result in a decreased burden on healthcare facilities.
The minimally invasive/non-invasive procedures are in line with the patient's comfort. They almost do not have any side effects and their time of recovery is too low. Therefore, people feel more comfortable getting a procedure done for their aesthetic enhancement. Hence, increased demand for minimally invasive and non-invasive procedures is expected to act as a driver for the market.
Restraint
- High Cost of Procedures
Modern technology based fat reduction devices help tone and tighten various body parts by reducing fat using technologically advanced modalities such as ultrasound based, lased assisted, or radiofrequency-assisted fat reduction devices. The cost of fat reduction varies significantly from place to place or region to region. The key factors which determine the cost of fat reduction include factors like the medical institution or clinic finalized for the procedure, treatment area, affected area, duration of the stay of the patient, and the complexity of surgery among more. The high cost of the procedure is due to the various checkpoints of the surgery along with the use of high-tech modalities to perform such procedures. As the cost of technologically advanced fat reduction devices is high, the procedure cost proportionally gets escalated, due to which the high cost of the procedure is expected to hamper the demand of the market.
Opportunity
- Customized Treatment Plans and Integration with Other Aesthetic Procedures
Customized treatment plans and integrating fat reduction procedures with other aesthetic treatments, companies in the North America fat reduction market can provide tailored solutions and enhance the overall treatment experience for their customers. These strategies not only optimize results but also demonstrate a commitment to meeting individual needs and preferences, driving customer satisfaction and loyalty. Therefore customized treatment plans and integration with other aesthetic procedures is expected to create an opportunity for the growth of the market.
Challenge
- Long-Term Efficacy and Sustainability
Treatment outcomes can be influenced by elements like metabolism, genetics, and lifestyle factors. While some people might have more dramatic and long-lasting benefits, others might need more sessions or extra treatments to get the results they want. Maintaining long-term effectiveness also presents a problem when dealing with persistent fat deposits. Treatments to reduce body fat may be less effective on certain body parts, such as the lower abdomen or love handles.
Long-term efficacy and sustainability is a significant challenge in the North America fat reduction market and is expected to act as a challenge to the growth of the market.
Recent Developments
- In October 2023, MOLLER Medical is going to organize an event named SOFCEP Congress 2023 from 1 June to 3rd June 2023. This event is themed on aesthetic medicine and the complementarity between aesthetic medicine gestures and interventions. This would help the company to reach a bigger customer base.
- In August 2023, Implantech is going to organize the event at the Second Multispecialty Aesthetics Conference at the Marriot Marquis Hotel in San Diego, U.S. This conference would help the company in showcasing its innovation in the field of implants.
- In May 2023, Hironic Co., Ltd. announced that it had won the grand prize in the beauty and medical device category at the Money Today '2023 Consumer Satisfaction Awards' held at the Korea Press Center in Jung-gu, Seoul on the 27. This helps the organization in developing brand image among others.
- In January 2023, Fotona announced that it showcased its aesthetics product portfolio at the IMCAS congress. It stated that its aesthetic portfolio, the SP Dynamis Nx Line laser system with built-in CoolMist skin cooling and optional Dynamic Vacuum Technology, as well other Fotona products and applications, such as AvalancheLase, TimeWalker Fotona4D were showcased which would help the company in reaching the higher customer base.
- In June 2019, Cutera launched its new product named truSculpt Flex for the muscle-sculpting market. This new product launched by the company increases its product portfolio in the medical aesthetic segment leading to increased demand for its product in the market.
North America Fat Reduction Market Scope
North America fat reduction market is segmented into six notable segments such as type, application, gender, age group, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Surgical Fat Reduction
- Non-Invasive Fat Reduction
- Minimally Invasive
Based on type, North America fat reduction market is segmented into surgical fat reduction, non-invasive fat reduction, and minimally invasive.
Application
- Abdominal Fat
- Thighs Fat
- Buttock Fat
- Upper-Arm Fat
- Facial Fat-Deposits
- Knee Fat
Based on application, North America fat reduction market is segmented into abdominal fat, thighs fat, buttock fat, upper-arm fat, facial fat-deposits, and knee fat.
Gender
- Female
- Male
Based on gender, North America fat reduction market is segmented into male and female.
Age Group
- Adult
- Geriatric
- Child
Based on age group, North America fat reduction market is segmented into adult, geriatric, and child.
End User
- Hospitals
- Multi-Specialty Clinics
- Dermatology Centers
- Medical Spas and Beauty Centers
- Others
Based on end user, North America fat reduction market is segmented into hospitals, multi-specialty clinics, dermatology centers, medical spas, and beauty centers.
Distribution Channel
- Direct Tender
- Retail Sales
- Third Party Distributors
- Others
Based on the distribution channel, North America fat reduction market is segmented into direct tenders and retail sales, third party distributors, and others.
North America Fat Reduction Market Regional Analysis/Insights
North America fat reduction market is categorized into six notable segments such as type, application, gender, age group, end user, and distribution channel.
The countries covered in this market report U.S., Canada, Mexico, Costa Rica, Dominican Republic, Panama, El Salvador, Guatemala, Honduras, and Nicaragua.
U.S. is expected to dominate the North America fat reduction market due to the presence of key market players in the largest consumer market with a high GDP.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Fat Reduction Market Share Analysis
North America fat reduction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breath, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the North America fat reduction market.
Some of the key players operating in the North America fat reduction market are Hironic Co Ltd, AbbVie Inc., Cynosure, Alma Lasers, Candela Corporation, Merz Pharma, Solta Medical (Subsidiary of Bausch & Lomb Incorporated), Cutera, MicroAire Surgical Instruments, LLC., Mentor Worldwide LLC, Venus Concept, , Erchonia Corporation, BTL Group of Companies, Leaderma Inc., MÖLLER Medical, Fotona, and Implantech, among others.
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