South Korea Body Fat Reduction Market Report and Forecast 2024-2032

South Korea Body Fat Reduction Market Size

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

South Korea Body Fat Reduction Market Outlook

• Recent data suggests that 1 in 3 South Koreans fall under the overweight category. The rising obesity rate is a significant factor driving the demand for body fat reduction products and services.

• One of the major market trends is the rising advancements in non-invasive body fat reduction procedures such as cryolipolysis and laser lipolysis, which is anticipated to attract a larger consumer base.

• The market value is impacted by the growing influence of K-pop culture and social media, rising disposable incomes, and increasing accessibility of body fat reduction treatments.

South Korea Body Fat Reduction Market Overview

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.

South Korea Body Fat Reduction Market Growth Drivers

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

South Korea Body Fat Reduction Market Trends

The market is witnessing several trends and developments to improve the current scenario in South Korea. Some of the notable trends are as follows:

South Korea Body Fat Reduction Market Segmentation

Market Breakup by Procedure

• Surgical
  • Liposuction
  • Abdominoplasty
  • Others

• Non-Surgical
  • Cryolipolysis
  • Ultrasound
  • Laser Lipolysis
  • Others

Market Breakup by Gender

• Male

• Female

Market Breakup by Age Group

• Below 25 Years

• 25-40 Years

• 40-50 Years

• Above 50 Years

Market Breakup by End User

• Hospitals and Clinics

• Medical Spas

• Others

South Korea Body Fat Reduction Market Share

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

South Korea Body Fat Reduction Market Analysis by Region

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.

Leading Players in the South Korea Body Fat Reduction Market

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.

Key Highlights of the Report

Key Questions Answered in the South Korea Body Fat Reduction Market Report

• What was the South Korea body fat reduction market value in 2023?
• What is the South Korea body fat reduction market forecast outlook for 2024-2032?
• What is market segmentation based on procedures?
• What is the market breakup based on gender?
• What is the market breakup by age group?
• Who are the major end users in the market?
• What are the major factors aiding the South Korea body fat reduction market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• How do the rising obesity rates affect the market landscape?
• What are the major South Korea body fat reduction market trends?
• How does the rise in the geriatric population impact the market size?
• Which procedure will dominate the market share? 
• Which gender is expected to have a high market value in the coming years?
• Which age group will drive the highest demand in the market segment?
• Which end user is projected to contribute to the highest market growth?
• Who are the key players involved in the South Korea body fat reduction market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?