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The South Korea body fat reduction market is expected to grow at a CAGR of 7.2% during the forecast period of 2024-2032, driven by the rising obesity rates, innovation in non-surgical body fat reduction procedures, and the increasing influence of social media in the region.
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The complex connective tissue known as adipose tissue, or body fat, has particular roles in the metabolism and endocrine system. A decrease in total body mass brought on by the loss of fluid, body fat adipose tissue, lean mass, muscle, bone mineral deposits, tendon, and other connective tissue, is referred to as body fat reduction. The removal of extra adipose tissue or fats from the body via surgical or non-surgical means is a common practice in cosmetic surgery.
The South Korea body fat reduction market is driven by the increased focus on maintaining a healthy lifestyle and appearance in the region, which influences the demand for body fat reduction products and services. Recent data reveals that 1 in 3 South Koreans fall under the overweight category. The rising obesity rate is another major factor propelling the need for body fat reduction solutions. Other factors that impact the market growth include the increasing disposable income, the rising influence of K-pop culture and social media, and the introduction of non-invasive body fat reduction procedures.
Adoption of Unhealthy and Sedentary Lifestyles is Augmenting the Market Growth
The COVID-19 outbreak led to an increase in the sedentary lifestyle due to lockdown measures imposed by the government. This led to overweight and obesity concerns among the population. Due to postponed cosmetic surgery in 2020, the COVID-19 pandemic had a detrimental influence on the demand for the fat reduction business. The total market was hampered by the implementation of stringent rules and criteria for accessing clinical facilities. However, the market recovered in 2021 and has shown signs of good market development in recent years. Factors like work-from-home culture, a sedentary lifestyle, and rising disposable income are expected to boost the body fat reduction market in South Korea.
Increased Focus Toward Outer Appearance Bolster the South Korea Body Fat Reduction Market Demand
Koreans pay close attention to their looks and people are often judged based on their complexion and body type. In several industries such as in entertainment and airline industry, people are expected to match certain set beauty standards. One of the major factors that drive the fat reduction market in the region is the entertainment industry, as celebrity influence is quite high people often undergo such procedures to get the desired body shape and look. In addition, surgeries to lose weight or alter the body after childbirth are becoming more popular. Young people and women are becoming more conscious of their physical appearance and fitness levels in order to achieve body slimming. Therefore, it is estimated that throughout the forecast period, these factors would considerably fuel the expansion of the body fat reduction market.
Emergence of Advanced Non-Invasive Fat Reduction Procedures Poised to Elevate the South Korea Body Fat Reduction Market Value
There is a sizable presence of several well-established market rivals that are continually creating revolutionary gadgets employing cutting-edge methods including laser lipolysis, radiofrequency therapy, and light treatment, among others. Numerous non-invasive red light therapy devices for body fat reduction have been introduced to the market by various firms. Since, they focus on minimizing blood loss, reducing patient hospitalization, safety, and convenience of use, minimally invasive therapy approaches for body fat removal are becoming more popular. Furthermore, due to its increased affordability, less invasiveness, reduced discomfort, and low risk of consequences, minimally intrusive treatments are predicted to dominate the body fat reduction market in South Korea.
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The market is witnessing several trends and developments to improve the current scenario in South Korea. Some of the notable trends are as follows:
Key Trends | Impact |
Growth of the Aesthetic and Cosmetic Sector | In South Korea, the aesthetic and cosmetic industry, which offers a range of advanced treatments, is growing rapidly and contributes to the market growth significantly. The expansion of aesthetic clinics and centers, which also provide laser therapies and non-invasive body contouring, is projected to boost market share. |
Rising Social Media Influence | One of the major market trends is the growing influence of social media and celebrity endorsements in shaping consumer perceptions and fuelling the demand for body fat reduction treatments. The market benefits from positive reviews and post-treatment results shared online. |
Integration of Advanced Technologies | The South Korea body fat reduction market value is influenced by the rising integration of advanced technologies, including high-intensity focused ultrasound (HIFU), laser-assisted lipolysis, and electromagnetic muscle stimulation (EMS), in body fat reduction procedures. The utilization of such technologies improves the safety and efficacy of fat-reduction treatments and is set to amplify market demand. |
Increasing Male Participation | The market is witnessing an increasing number of men opting for body fat reduction treatments stimulated by the changing perception towards male grooming and aesthetics. This trend is expected to augment the market for body fat reduction services and products targeted at male clients. |
Market Breakup by Procedure
Market Breakup by Gender
Market Breakup by Age Group
Market Breakup by End User
Surgical and Non-Surgical Procedures Expected to Lead the Market Share
Based on the procedure, the market is segmented into surgical (liposuction, and abdominoplasty, among others) and non-surgical procedures (cryolipolysis, ultrasound, and laser lipolysis, among others). The growing popularity of surgical and non-surgical body contouring or body shaping procedures contributes to the market's expansion. The non-invasive procedure provides faster results, and fat cell reduction lasts for a longer period of time. Owing to the numerous weight loss and fat reduction treatments due to aesthetic purposes, both surgical and non-surgical segments are expected to grow during the forecast period. Among non-surgical methods, cryolipolysis is getting popular because of its cost-effectiveness and campaigns by leading players to popularise the procedure in the South Korea body fat reduction market.
The Female Segment Based on Gender Dominates the Market Share
The market segmentation by gender includes males and females. In South Korea, young people of both genders especially women are becoming more conscious of their physical appearance and fitness levels in order to achieve body slimming. Both men and women put a lot of effort into their outer appearance in the region, but the female segment leads the market share, owing to marketing efforts targeted primarily towards female consumers and the growing trend of post-pregnancy body contouring.
Hospitals and Clinics Segment is Set to Drive Substantial South Korea Body Fat Reduction Market Growth
The market share is segmented by end-user into hospitals, clinics and medical spas, among others. The availability of several facilities offering these procedures is a growing opportunity for major companies to invest in the body fat reduction market. In the coming years, the body fat reduction market is likely to witness growth in the hospitals and clinics sector in South Korea. The infrastructure in this segment offers a wide variety of services and improved technological support for patient admission. Due to these advantages, patients recover quickly after operations, thereby increasing the number of patients having procedures.
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Based on the region, the market share is dominated by major metropolitan areas such as Seoul, Busan, and Incheon in South Korea. However, with the growing awareness and rising disposable incomes, the demand for body fat reduction treatments is expected to increase in smaller cities as well. The capital city, Seoul, is one of the significant markets for body fat reduction. The presence of advanced medical facilities and skilled practitioners coupled with the high disposable incomes of individuals living in the region support the market expansion.
The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:
VIP Plastic Surgery Korea
VIP Plastic Surgery Korea, based in Jeju City, South Korea, is known for offering personalized and high-quality care. The clinic caters to both local and international patients and specializes in advanced body contouring and fat reduction techniques including liposuction.
Shin Medical
Shin Medical is a medical group in Seoul and has a prominent presence in the South Korean market for body fat reduction. It offers invasive liposuction procedures such as abdominal liposuction, arm liposuction, thigh liposuction, and full-body liposuction, among others.
Lydian Plastic Surgery
Known as one of Korea and Asia's top plastic surgery clinics, Lydian Plastic Surgery holds a significant South Korea body fat reduction market share. The clinic specializes in liposuction and body contouring and also offers post-operative care.
VG Plastic Surgery
This private single-specialty medical center is known for its S Line Body Liposuction and Mini Liposuction procedures and a strong emphasis on natural-looking results. The clinic offers post-liposuction high-frequency care to relieve swelling and expedite recovery.
Other key players in the market include NANA Plastic Surgery, JW Plastic Surgery, Renovo Skin Clinic, ILUMI PLASTIC SURGERY, The Plan Plastic Surgery, and Answer Plastic Surgery Korea.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Procedure |
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Breakup by Gender |
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Breakup by Age Group |
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Breakup by End User |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 South Korea Body Fat Reduction Market Overview
3.1 Asia Pacific Body Fat Reduction Market
3.1.1 Asia Pacific Body Fat Reduction Market Historical Value (2017-2023)
3.1.2 Asia Pacific Body Fat Reduction Market Forecast Value (2024-2032)
3.2 South Korea Body Fat Reduction Market
3.2.1 South Korea Body Fat Reduction Market Historical Value (2017-2023)
3.2.2 South Korea Body Fat Reduction Market Forecast Value (2024-2032)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 South Korea Body Fat Reduction Market Landscape*
5.1 South Korea Body Fat Reduction: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 South Korea Body Fat Reduction: Product Landscape
5.2.1 Analysis by Procedure
5.2.2 Analysis by Gender
6 South Korea Body Fat Reduction Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Economic
6.3.3 Social
6.3.4 Technological
6.3.5 Legal
6.3.6 Environment
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 South Korea Body Fat Reduction Market Segmentation (2017-2032)
7.1 South Korea Body Fat Reduction Market (2017-2032) by Procedure
7.1.1 Market Overview
7.1.2 Surgical
7.1.2.1 Liposuction
7.1.2.2 Abdominoplasty
7.1.2.3 Others
7.1.3 Non-Surgical
7.1.3.1 Cryolipolysis
7.1.3.2 Ultrasound
7.1.3.3 Laser Lipolysis
7.1.3.4 Others
7.2 South Korea Body Fat Reduction Market (2017-2032) by Gender
7.2.1 Market Overview
7.2.2 Male
7.2.3 Female
7.3 South Korea Body Fat Reduction Market (2017-2032) by Age Group
7.3.1 Market Overview
7.3.2 Below 25 Years
7.3.3 25-40 Years
7.3.4 40-50 Years
7.3.5 Above 50 Years
7.4 South Korea Body Fat Reduction Market (2017-2032) by End User
7.4.1 Market Overview
7.4.2 Hospitals and Clinics
7.4.3 Medical Spas
7.4.4 Others
8 Regulatory Framework
8.1 Regulatory Overview
8.2 The Ministry of Food and Drug Safety
9 Patent Analysis
9.1 Analysis by Type of Patent
9.2 Analysis by Publication Year
9.3 Analysis by Issuing Authority
9.4 Analysis by Patent Age
9.5 Analysis by CPC Analysis
9.6 Analysis by Patent Valuation
9.7 Analysis by Key Players
10 Funding and Investment Analysis
10.1 Analysis by Funding Instances
10.2 Analysis by Type of Funding
10.3 Analysis by Funding Amount
10.4 Analysis by Leading Players
10.5 Analysis by Leading Investors
10.6 Analysis by Geography
11 Strategic Initiatives
11.1 Analysis by Partnership Instances
11.2 Analysis by Type of Partnership
11.3 Analysis by Leading Players
11.4 Analysis by Geography
12 Supplier Landscape
12.1 Market Share by Top 5 Companies
12.2 VIP Plastic Surgery Korea
12.2.1 Financial Analysis
12.2.2 Product Portfolio
12.2.3 Demographic Reach and Achievements
12.2.4 Mergers and Acquisitions
12.2.5 Certifications
12.3 Shin Medical
12.3.1 Financial Analysis
12.3.2 Product Portfolio
12.3.3 Demographic Reach and Achievements
12.3.4 Mergers and Acquisitions
12.3.5 Certifications
12.4 Lydian Plastic Surgery
12.4.1 Financial Analysis
12.4.2 Product Portfolio
12.4.3 Demographic Reach and Achievements
12.4.4 Mergers and Acquisitions
12.4.5 Certifications
12.5 VG Plastic Surgery
12.5.1 Financial Analysis
12.5.2 Product Portfolio
12.5.3 Demographic Reach and Achievements
12.5.4 Mergers and Acquisitions
12.5.5 Certifications
12.6 NANA Plastic Surgery
12.6.1 Financial Analysis
12.6.2 Product Portfolio
12.6.3 Demographic Reach and Achievements
12.6.4 Mergers and Acquisitions
12.6.5 Certifications
12.7 JW Plastic Surgery
12.7.1 Financial Analysis
12.7.2 Product Portfolio
12.7.3 Demographic Reach and Achievements
12.7.4 Mergers and Acquisitions
12.7.5 Certifications
12.8 Renovo Skin Clinic
12.8.1 Financial Analysis
12.8.2 Product Portfolio
12.8.3 Demographic Reach and Achievements
12.8.4 Mergers and Acquisitions
12.8.5 Certifications
12.9 ILUMI PLASTIC SURGERY
12.9.1 Financial Analysis
12.9.2 Product Portfolio
12.9.3 Demographic Reach and Achievements
12.9.4 Mergers and Acquisitions
12.9.5 Certifications
12.10 The Plan Plastic Surgery
12.10.1 Financial Analysis
12.10.2 Product Portfolio
12.10.3 Demographic Reach and Achievements
12.10.4 Mergers and Acquisitions
12.10.5 Certifications
12.11 Answer Plastic Surgery Korea
12.11.1 Financial Analysis
12.11.2 Product Portfolio
12.11.3 Demographic Reach and Achievements
12.11.4 Mergers and Acquisitions
12.11.5 Certifications
13 Key Opinion Leaders (KOL) Insights (Additional Insight)
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
**The supplier list is not exhaustive. Moreover, we can provide analysis of companies as per custom requests.
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