Minimally invasive techniques that selectively breakdown fat cells in particular locations are necessary for non-surgical fat reduction in order to reduce subcutaneous fat pockets. Numerous FDA-approved treatments are available that produce gradual, moderate weight loss without the need for surgery or recovery time. Radiofrequency (R.F.), cryolipolysis, low-level laser therapy (LLLT), and high-intensity focused ultrasound (HIFU) are the four most widely used non-invasive methods for decreasing localized subcutaneous adipose tissue.
Global Non Invasive Fat Reduction Market Driving Factors and Challenges
Drivers- Increasing Use of Non-Surgical Fat-Reduction Methods- The Food and Drug Administration has approved a number of devices that use these therapeutic approaches. The area of aesthetic medicine that is expanding the fastest right now is non-invasive body contouring. The degree to which each technique has advantages and disadvantages varies. Still, a lot of non-invasive devices are useful and secure. Furthermore, it is projected that the rise in healthcare spending and industry investments will quicken the pace of expansion for the non-invasive fat reduction market worldwide. The growing focus on body aesthetics in developed countries in the upcoming years will have a positive effect on the expansion of body fat reduction initiatives.
Challenges- Exorbitant Research and Development Costs- The high expense of developing drugs for fat reduction and the absence of funding are major obstacles to the market's expansion. Moreover, longer-term clinical trials and research and development initiatives to assess medications raise overall expenses. Global market expansion may be hampered by the risks and limitations posed by the high development costs of obesity medications. Due to the high cost of surgical procedures like gastric bypass, adjustable gastric banding, gastric sleeve surgery, and intragastric balloon treatment, non-invasive fat reduction technologies are becoming more and more popular.
Impact of COVID-19 on Global Non Invasive Fat Reduction Market
With the increasing global spread of the COVID-19 virus, more healthcare facilities and organizations are concentrating on treating patients infected with the new coronavirus. Non-invasive fat-reduction procedures will therefore probably be put off or discontinued during the pandemic. It is expected that this will restrict the use of non-invasive fat reduction tools and treatments, leading to a significant decline in the market, at least for this year. However, the main factors limiting market growth over the projected period are the unfavourable effects associated with the operation and the lack of reimbursements.
Non Invasive Fat Reduction Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amirlak Plastic Surgery, Apollo Cosmetic Clinics., JK Plastic Surgery Center, The Piazza Center for Plastic Surgery & Advanced Skin Care, The Plastic Surgery Clinic, The University of Texas Southwestern Medical Center, Transform Cosmetic Surgery, VIDA Wellness & Beauty, VLCC Wellness and Waldman Schantz Plastic Surgery Center
Global Non Invasive Fat Reduction Market Segmentation:
By Type: Based on the Type, Global Non Invasive Fat Reduction Market is segmented as; RF Devices and Ultrasound Devices.
By Technology: Based on the Technology, Global Non Invasive Fat Reduction Market is segmented as; Cryolipolysis, Low level lasers and others.
By End User: Based on the End User, Global Non Invasive Fat Reduction Market is segmented as; Dermatology Clinics and Cosmetics Centres, Hospitals and Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.