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Friday, October 13, 2023

Global Fat Reduction Market is anticipated to grow at a CAGR of 8.5% during 2024 to 2030

The future of the global fat reduction market looks promising with opportunities in the hospital, multi-specialty clinic, dermatology center, medical spas, and beauty center markets. The global fat reduction market is expected to reach an estimated $17.06 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growing awareness towards health risks of obesity, increasing demand for minimally invasive fat reduction procedures, and rising healthcare spending.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the 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), end use (hospitals, multi-specialty clinics, dermatology centers, medical spas, and beauty centers), distribution channel (direct   tender, retail sales, third party distributors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, abdominal fat, thighs fat, buttock fat, upper-arm fat, facial fat, and knee fat are the major segments of fat reduction market by application. Lucintel forecasts that abdominal fat is expected to witness highest growth over the forecast period due to growing number of patients, which are seeking fat reduction treatments for the abdomen.Within this market, hospitals will remain the largest segment as it delivers necessary equipment and expertise to perform a wide range of fat reduction procedures.

North America will remain the largest region over the forecast period due to increasing health concern among consumer and presence of robust heathcare infrastructure in the region.

Valeant Pharmaceuticals International, Allergan, Alma Lasers, Cynosure, Sciton, Solta Medical, Lumenis, Syneron Medical, Lutronic Corporation, and Lynton Lasers are the major suppliers in the fat reduction market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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