Transparency Market Research

Albany,NY, November 21, 2017 (Newswire.com) - The competitive landscape in the global market for non-invasive fat reduction is consolidated since only a few players hold a substantial share in it. In order to steal a march over their competitors, savvy players in the market are pouring money into marketing and advertising so as to up brand awareness. Besides, they are also focusing on a diversified product portfolio to entice customers with various needs across countries in the world. Upcoming players are having a significant impact on the market too, vis-à-vis growth.

Cutera, Inc., Fosun Pharmaceutical Co., Ltd., Cynosure, Inc., ZELTIQ Aesthetics, Inc., and Syneron Medical Ltd. are to name a few key players in the global market for non-invasive fat reduction.

According to a report by Transparency Market Research, the global market for non-invasive fat reduction will likely rise at a solid CAGR of 15.9% during the period between 2017 and 2025. Rising at this pace, the market which was worth US$693.2 mn in 2016 is expected to become worth US$2.50 bn by 2025.

Depending upon the technology, the global market for non-invasive fat reduction is segmented into cryolipolysis, ultrasound, radiofrequencies, low level lasers, etc. Of them, cryolipolysis technology leads the market with majority share owing to their swift adoption by aesthetic surgeons, doctors, and dermatologists. Patients’ too are increasingly opting for them. The popularity of cryolipolysis devices stems from that fact that they have an exhaustive usage pattern.

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Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa are the key geographic regions in the global market for non-invasive fat reduction. Currently, North America pulls in maximum revenue in the overall market because of a sizeable chunk of obese population. Apart from that, a copious number of well-entrenched and new players domiciled in the region coupled with the strong spending capacity of the people have also propelled the market in the region. The market in the region is expected to hold onto its leading position in the years to come by clocking a CAGR of 15.4%.

Obesity Issue Worldwide Majorly Fuelling Market

Majorly fuelling the global market for non-invasive fat reduction is the spike in cases of obesity across the world. This in turn is on account of the changing lifestyle of people who are increasingly taking to calorie-laden fast foods and beverages with high sugar content on account of a busy schedule and subsequently less time to cook. The proliferation of the fast-food industry and bistros and restaurants, mostly serving fatty but tasty food to draw customers, too is upping weight-related problems. All these, coupled with increasing sedentary lifestyle of people, is driving up demand for non-invasive fat reduction.

Too much of body fat, besides posing dangers to one health, also distorts the appearance. This is another reason why people are going for fat reduction and body contouring both through non-invasive and surgical procedures.

Thrust on Product Development Fillips Market

Another factor positively influencing the market is product innovation leading to technologically advanced products that are easier and safer and yield faster results. For example, cryolipolysis treatment by coolsculpting device is completed in 30 to 60 minutes, eliminating about 25 to 30% fat circumference. One factor, posing a challenge to the market, on the other hand, is the high cost of non-invasive fat reduction devices.

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Source: Transparency Market Research