The ‘South Korea Body Fat Reduction Market Size, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the South Korea body fat reduction market, assessing the market on the basis of its segments like procedure, gender, and end-users.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
South Korea Body Fat Reduction Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.2%
Growing advancements in the field of medical science in the past few years, both surgical and non-surgical elements of the South Korea body fat reduction market are projecting higher growth in the coming years. Due to the pre-existing, as well as the rapidly growing health problems, like PCOS, hypothyroidism, and mental health issues like stress and depression, that hinder weight loss in the long run, youths have turned to these fat reducing solutions to achieve easy and quick results.
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Engaging in unhealthy eating habits and a sedentary lifestyle post the COVID-19 pandemic has increased the onset of obesity and numerous health issues among the population of South Korea. The burgeon of the South Korea body fat reduction market, however, has catered to the aesthetic needs of the people and also addressed their outer beauty concerns.
The basic trajectory of the market drivers includes the minimisation of blood loss during surgical procedures and painless, quick-healing therapies. While with a notable success rate, minimum complications and a quicker time for recovery, the South Korea body fat reduction market has flourished and is expected to draw an increasing number of international consumers in the coming years.
South Korea Body Fat Reduction Industry Definition and Major Segments
Removal of extra fat in the body, either by using surgical or non-surgical ways is referred to as body fat reduction. The fat can be removed in various ways, such as by eliminating extra fluids and adipose tissue from the body, which is common in cosmetic surgery, or by liquefying and permanently eradicating fat cells through laser treatment.
On the basis of procedure, the market is differentiated into:
- Breakup by Type
- Breakup by Type
- Laser Lipolysis
Based on gender, the market is bifurcated into:
On the basis of end-user, the market is classified into:
- Hospitals and Clinics
- Medical Spas
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South Korea Body Fat Reduction Market Trends
With the growing interest of people towards the entertainment industry of South Korea, the influence of the set beauty standards are increasing, and the South Korea body fat reduction market has flourished. Body fat removal is a key trend for the working-class population who don’t get ample time to cook healthy and workout every day.
Development of fairly affordable procedures and availability of wide range of choices in the market has readily induced a pool of beauty and health-conscious people who are opting for non-surgical and surgical procedures for body fat reduction. Non-surgical procedures include ultrasonic cavitation and laser lipolysis, that assure minimum invasiveness and after-care needs while surgical methods include liposuction and abdominoplasty, that have a huge market.
The body fat market is also influenced by childbirth and post-pregnancy weight gain among the women who are conscious about their bodies. South Korean hospitals are projected to widen the scope of these services as the provision of quality and advanced treatments for body fat reduction boost trust of patients. Apart from visual aesthetics, body slimming procedures help to eliminate stubborn fat from the body, thus lowering the risk of multiple health problems and aiding in losing weight faster.
Key Market Players
The major players in the South Korea body fat reduction market report are Allergan Aesthetics, Fytexia Group, Hironic Co. Ltd., Daeyang Medical Co., Ltd., and EMShape Korea, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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