According to the report by Expert Market Research (EMR),”The South Korea Body Fat Reduction Market Size, Share, Analysis, Report and Forecast 2024-2032″,the South Korea Body Fat Reduction Market is projected to grow at a CAGR of 7.2% between 2024 and 2032. Aided by the increasing incidences of obesity and growing adoption of sedentary lifestyle, the market is expected to grow significantly by 2032..
Body fat reduction refers to the methods utilised to decrease excess body fat, often involving diet modifications, physical exercises, and aesthetic treatments. It plays a crucial role in maintaining overall health, enhancing physical fitness, and boosting self-confidence. Apart from its health benefits, body fat reduction techniques, especially non-invasive ones like CoolSculpting and SculpSure, have seen rising popularity in aesthetic medicine, offering effective solutions for body contouring and shaping.
The rising consumer preference for fitness and health-centric lifestyles is a major driver propelling the South Korea body fat reduction market growth. With growing awareness of the health risks associated with obesity and excess body fat, such as heart diseases, diabetes, and certain cancers, there has been a significant shift towards healthier diets and regular exercise, leading to a surge in demand for body fat reduction programs and treatments.
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The advent of various innovative and non-invasive fat reduction technologies also plays a significant role in boosting the South Korea body fat reduction market demand. These technologies offer quick, efficient, and often painless alternatives to traditional weight loss methods and surgeries. They find application in medical spas and specialised clinics, attracting a large number of individuals seeking body contouring solutions with minimal downtime.
Moreover, the cosmetic and aesthetic industry’s expansion bolsters the South Korea body fat reduction market expansion as well. Body image and physical appearance have a significant cultural importance in South Korea, leading to high demand for various aesthetic treatments, including body fat reduction procedures. As more people seek these treatments for body enhancements and improvements, the industry’s growth is set to continue.
In addition, the growing demand for personalised wellness and fitness solutions has led to an increased focus on specialised body fat reduction programs. The rise of personalised medicine and healthcare has highlighted the need for individual-centric approaches in body fat reduction, considering factors such as genetics, lifestyle, and dietary habits. This trend has paved the way for a multitude of personal trainers, dieticians, and wellness coaches, thereby stimulating South Korea body fat reduction market growth.
Market Segmentation
The market can be divided based on procedure, gender, and end-user.
Market Breakup by Procedure
- Surgical
- Liposuction
- Abdominoplasty
- Non-Surgical
- Cryolipolysis
- Ultrasound
- Laser Lipolysis
- Others
Market Breakup by Gender
- Male
- Female
Market Breakup by End-User
- Hospitals and Clinics
- Medical Spas
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the South Korea body fat reduction companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Allergan Aesthetics
- Fytexia Group
- Hironic Co. Ltd.
- Daeyang Medical Co., Ltd.
- EMShape Korea
- Others
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