South Korea Non Invasive Fat Reduction Market Size & Outlook
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South Korea non invasive fat reduction market highlights
- The South Korea non invasive fat reduction market generated a revenue of USD 40.4 million in 2023 and is expected to reach USD 112.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
- In terms of segment, cryolipolysis was the largest revenue generating procedures type in 2023.
- Cryolipolysis is the most lucrative procedures type segment registering the fastest growth during the forecast period.
Non invasive fat reduction market data book summary
| Market revenue in 2023 | USD 40.4 million |
| Market revenue in 2030 | USD 112.3 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Cryolipolysis |
| Fastest growing segment | Cryolipolysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryolipolysis, Ultrasound, Low Level Lasers |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global non invasive fat reduction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan non invasive fat reduction market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 205.9 million by 2030.
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Non Invasive Fat Reduction Market Scope
Non Invasive Fat Reduction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Venus Concept Inc | View profile | 304 | 235 Yorkland Boulevard, Suite 900, Toronto, ON, Canada, M2J 4Y8 | https://www.venusconcept.com |
| Cynosure Inc | View profile | 101-250 | Lisle, Illinois, United States, North America | https://www.cynosureinc.com |
| Fosun International Ltd | View profile | 108000 | 3 Garden Road, Room 808, Industrial and Commercial Bank of China Building, Hong Kong, Hong Kong | https://www.fosun.com |
| Candela Corporation | View profile | 51-100 | Irvine, California, United States, North America | http://www.candelacorp.com/ |
| BTL Industries Ltd. | View profile | 501-1000 | Stevenage, Herefordshire, United Kingdom, Europe | https://www.btlnet.com/ |
| Zeltiq Aesthetics | View profile | 251-500 | Pleasanton, California, United States, North America | http://zeltiq.com |
| Lynton Lasers | View profile | 101-250 | Holmes Chapel, Cheshire, United Kingdom, Europe | https://lynton.co.uk/ |
| Cutera Inc | View profile | 430 | 3240 Bayshore Boulevard, Brisbane, CA, United States, 94005 | https://www.cutera.com |
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| AbbVie Inc | View profile | 50000 | 1 North Waukegan Road, North Chicago, IL, United States, 60064-6400 | http://www.abbvieinvestor.com |
South Korea non invasive fat reduction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non invasive fat reduction market will help companies and investors design strategic landscapes.
Cryolipolysis was the largest segment with a revenue share of 37.62% in 2023. Horizon Databook has segmented the South Korea non invasive fat reduction market based on cryolipolysis, ultrasound, low level lasers covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is the 8th largest aesthetic market in the world having the highest count of aesthetic procedures per capita globally with 600+ clinics in Seoul alone. Key market drivers include rise in medical tourism in South Korea, increasing public awareness about cosmetic procedures, availability of technologically advanced and user-friendly products, and an increasingly obese population.
The Advent of new technology is also adding scope for the adoption of new cosmetic procedures, and cosmetic treatment costs in South Korea are approximately 40% to 80% cheaper than other countries. Thus, thousands of people travel to the country every year to undergo various surgical and non-surgical procedures. Medical tourists are mainly from China, the United States, Russia, Japan, and Mongolia.
The cost of treatment in South Korea is less as compared to the U.S. Japan and China, and is a contributing factor for the growth in the non-invasive fat reduction market. Cosmetic regulations in Korea are not very stringent and have a diverse range of treatment options for noninvasive fat reduction procedures.
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Target buyers of South Korea non invasive fat reduction market databook
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Our clientele includes a mix of non invasive fat reduction market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea non invasive fat reduction market , including forecasts for subscribers. This country databook contains high-level insights into South Korea non invasive fat reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea non invasive fat reduction market size, by procedures type, 2018-2030 (US$M)
South Korea Non Invasive Fat Reduction Market Outlook Share, 2023 & 2030 (US$M)
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