The global Non-Invasive Fat Reduction Market valued at USD 870.4 million in 2018 and is expected to reach USD 2.83 billion by the year 2026, at a CAGR of 15.8%. Non-invasive fat removal is a non-surgical procedure to remove fats from different parts of the body. Rise in the sedentary lifestyle, and the incidences of obesity, are the factors responsible for market growth. Additionally, the rise in the disposable income among the consumers and the demand for non-invasive treatment are further boosting the market growth. The increased awareness among the individuals to remaining healthy and fit is the primary factor fueling the growth of the market. However, the high expenditure cost of treatment is the primary factor restraining market growth. WHO in the year 2016 has reported that more than 1.9 billion adults, i.e., above the age of 18, were overweight out of this 650 million adults were obese. In 2016, 39% of adults over 18 years were overweight, and 13% were obese.
North America is expected to dominate the market in the forecast period, due to an increase in the incidences of obesity rise in the research and developed in the region, regulatory approval for various technologies, and growing preference for minimally invasive procedures.
Top Companies Profiled in the Report Include:
BTL (U.K), Cutera Inc.(U.S.), ZELTIQ Aesthetics, Inc.(U.S.), Solta Medical, Inc (U.S.), Venus Concept (Canada), Alma Lasers (Fosun Pharmaceutical Co, Ltd.) (China), Cynosure, Inc (U.S.), Syneron Medical Ltd. (U.S.), Lumenis Ltd. (Israel), Hologic, Inc. (U.S.), Allergan (U.S.), Erchonia (U.S.)
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The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Non-Invasive Fat Reduction market in these key regions.
Country-wise regional analysis covers:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Additionally, the report consists a detailed analysis of the segmentation of the Non-Invasive Fat Reduction market based on product types and end-use/application offered in the Non-Invasive Fat Reduction market.
Technologies Outlook (Revenue in Million USD; 2017–2024)
- Low-Level Lasers
End use Outlook (Revenue in Million USD; 2017–2024)
- Cosmetic Centers
- Dermatology Clinics
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