SAN FRANCISCO, June 22, 2020
SAN FRANCISCO, June 22, 2020 /PRNewswire/ -- The global non-invasive fat reduction market size is expected to reach USD 1.6 billion by 2027, expanding at a CAGR of 16.4%, according to a new report by Grand View Research, Inc. Treatments like Cryolipolysis, low level lasers, and ultrasound are the most commonly used methods for noninvasive fat reduction procedures. Rising contribution of market players is playing a prominent role in promoting such procedures. Other factors like rising awareness, increasing prevalence of diabetes in developed and developing countries, rise in disposable income, change in lifestyle due to urbanization and rising demand for body contouring procedures are expected to propel market growth.
Key suggestions from the report:
Read 100 page research report with ToC on "Non-invasive Fat Reduction Market Size, Share & Trends Analysis Report By Technology Type (Cryolipolysis, Ultrasound, Low Level Lasers), By End Use, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/non-invasive-fat-reduction-market
Non-invasive procedures are rapidly replacing invasive surgeries and people are opting more for aesthetic procedures like body contouring as the risks associated with these treatments are negligible and are gaining a lot of spotlight through social platforms. Behavioral factors like physical inactivity, alcohol consumption, sedentary lifestyle, and rigorous working hours has contributed to the prevalence of conditions like obesity and diabetes. CoolScultping and Kybella were the most preferred workstations for removal of fat in 2018, and more than three lack noninvasive procedures were carried out using these devices in U.S.
Rise in the per capita disposable income also plays a pivotal role in the growth of this market. As stated by the U.S Bureau of Economic Analysis, the disposable income reached 16661.65 USD billion as of December of 2019. Combination of various factors like advancement in technology, efficacy, safety of such procedures, increasing obese population, and rigorous promotions will certainly boost the market in the following years.
Grand View Research has segmented the global non-invasive fat reduction market on the basis of technology type, end use, and region:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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