Liposuction Surgery Devices Market Size, Share, Trends, Growth, and Industry Analysis, By Product Type (LAL, UAL, PAL, WAL), By Application (Abdomen, Thighs, Hips, Arms, Others), By End-user (Hospitals, Ambulatory Surgical Centers, Clinics), Regional Insights and Forecast to 2031
global liposuction surgery devices market size was USD 2.90 billion in 2022 and is predicted reach USD 9.50 billion in 2031, exhibiting at CAGR of 13.5% during the forecast period.
Liposuction, also known as lipoplasty, is a cosmetic surgery procedure that removes excess fat from the body using a hollow stainless-steel tube called a cannula. The cannula is inserted through small incisions in the skin, and is connected to a suction device that removes the fat.
There are several types of liposuction devices, including:
The liposuction surgery devices market has grown significantly in recent years, driven by factors such as an increasing number of people seeking cosmetic surgery, advancements in liposuction technology, and the growing popularity of minimally invasive procedures.
The increasing adoption of laser-assisted liposuction (LAL) and ultrasound-assisted liposuction (UAL) devices is expected to drive the growth of the liposuction surgery devices market. These devices offer several advantages over traditional liposuction techniques, such as improved safety, less pain, and faster recovery times. The rise in obesity rates, the growing acceptance of cosmetic surgery, and the increasing demand for non-invasive and minimally invasive procedures are also driving the growth of the liposuction surgery devices market. However, the high cost of liposuction surgery, the risks and complications associated with the procedure, and the lack of reimbursement for these procedures may hinder the growth of the liposuction surgery devices market.
COVID -19 IMPACT
The COVID-19 pandemic has had a significant impact on the liposuction surgery devices market. The outbreak has led to the closure of many elective surgery centers, including those for cosmetic procedures, resulting in a decline in the demand for liposuction surgery devices.
The lockdowns and travel restrictions put in place to contain the spread of the virus have also resulted in a decrease in the number of patients seeking cosmetic surgery. Many people have also been facing financial difficulties due to the economic impact of the pandemic, which has led to a decline in the number of patients who can afford to pay for liposuction surgery.
Additionally, the priority given to COVID-19 patients and the shortage of personal protective equipment have resulted in a decrease in the number of liposuction surgeries being performed.
However, as the situation improves, and elective surgeries are allowed to resume, it is likely that the market will recover. The increasing awareness about the benefits of liposuction surgery, the growing acceptance of cosmetic surgery, and the rising obesity rates, are likely to continue to drive the growth of the liposuction surgery devices market in the future.
REPORT SCOPE & SEGMENTATION:
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Report Attribute |
Details |
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Projected Market Value (2031) |
9.50 billion |
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Estimated Market Value (2022) |
2.90 billion |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-Product, Technology, End-user and Region |
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Segments Covered |
By Product, By Application, By End-user and Region |
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Forecast Units |
Value (USD Billion), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
The liposuction surgery devices market is driven by several factors, including:
On the other hand, the liposuction surgery devices market is also facing some challenges, including:
Segment Analysis
The liposuction surgery devices market can be segmented based on product, application, and end-user.
Based on product, the market can be segmented into:
Based on application, the market can be segmented into:
Based on end-user, the market can be segmented into:
Currently, Tumescent Liposuction Devices have the largest market share, driven by its wide acceptance and its popularity among the patients. Ultrasound-Assisted Liposuction (UAL) Devices and Laser-Assisted Liposuction (LAL) Devices are growing at a faster pace. The demand for these devices is driven by their ability to remove fat with minimal pain and scarring.
Based on application, the abdomen segment holds the largest share of the market, driven by the increasing demand for liposuction of the abdomen area. However, the thighs and hips segments are also growing at a significant pace.
Based on end-user, hospitals have the largest share of the market, driven by the increasing number of liposuction surgeries performed in hospitals. However, the demand for liposuction surgery devices in clinics and ambulatory surgical centers is also growing at a significant pace.
Regional Analysis
North America holds the largest share of the liposuction surgery devices market, driven by the increasing number of people seeking cosmetic surgery, the growing acceptance of cosmetic surgery, and the availability of advanced liposuction technology. The US and Canada are the major contributors to the growth of the North American market.
Europe holds the second-largest share of the liposuction surgery devices market, driven by the increasing number of people seeking cosmetic surgery, the growing acceptance of cosmetic surgery, and the availability of advanced liposuction technology. The market in Europe is primarily driven by countries such as Germany, France, and the UK.
Asia Pacific is expected to grow at the highest CAGR during the forecast period, driven by the increasing number of people seeking cosmetic surgery, particularly in countries such as China and India. The growing awareness about the benefits of liposuction surgery, the rising obesity rates, and the increasing healthcare expenditure are also driving the growth of the Asia Pacific market.
The Latin America market is also growing at a significant pace, driven by the increasing number of people seeking cosmetic surgery, the growing acceptance of cosmetic surgery, and the availability of advanced liposuction technology. Brazil and Mexico are the major contributors to the growth of the Latin American market.
The Middle East and Africa liposuction surgery devices market is expected to grow at a moderate pace during the forecast period, driven by the increasing number of people seeking cosmetic surgery, the growing acceptance of cosmetic surgery, and the availability of advanced liposuction technology. The market in the Middle East and Africa is primarily driven by countries such as Saudi Arabia, UAE, and South Africa.
Competitive Landscape
The global liposuction surgery devices market is highly competitive and is characterized by the presence of several large and small players. Some of the major key players in the market include:
These companies are focusing on the development of advanced liposuction devices and strategies such as partnerships, collaborations, and agreements to increase their market share.
For example, in 2019, Cynosure, Inc. announced the launch of its new liposuction device, the VANQUISH ME. The device uses radio frequency energy to heat and destroy fat cells, resulting in a reduction in the number of fat cells in the treatment area.
Similarly, in 2020, Alma Lasers launched its new liposuction device, the LipoLife, which uses laser energy to destroy fat cells, resulting in a reduction in the number of fat cells in the treatment area.
These major key players are continuously investing in R&D to develop new and advanced liposuction devices to meet the growing demand for liposuction surgery.
Segmentations
Based on product, the market can be segmented into:
Based on application, the market can be segmented into:
Based on end-user, the market can be segmented into:
Regional Outlook
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
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Quality Checking & Final Review
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