PUBLISHER: Grand View Research | PRODUCT CODE: 1511862
PUBLISHER: Grand View Research | PRODUCT CODE: 1511862
The global fat cavitation market size is anticipated to reach USD 664.9 million by 2030 and is projected to grow at a CAGR of 10.6% from 2024 to 2030, based on a new report by Grand View research, Inc. The market growth is attributed to the changing aesthetic needs, increasing availability to finance invasive and non-invasive cosmetic surgeries, and growing collaboration between manufacturers and other service intermediaries.
The availability to finance cosmetic surgeries at distributed monthly cost propels patients to undergo cosmetic procedures such as fat cavitation in developed countries such as the U.S. and Germany. For instance, in April 2022, PatientFi and Allergan Aesthetics expanded their marketing agreement, allowing the former company to provide financing options to the latter's product portfolio.
In addition, obesity rates across the world are expected to create opportunities for the global market. According to an article released by the World Obesity Federation in May 2022, nearly one billion people around the globe are likely to develop obesity by 2030. The prevalence of obesity is estimated to be nearly 1 in 5 for women and 1 in 7 for men.