The global liposuction market is set to experience substantial growth over the next decade, with market value projected to increase from USD 5,323.7 million in 2024 to an impressive USD 10,278.5 million by 2034. This growth reflects a compound annual growth rate (CAGR) of 6.8% between 2024 and 2034.
The anticipated expansion of the global liposuction industry is driven by significant advancements in technology and a rising demand for aesthetic treatments. As more individuals seek to enhance their physical appearance, the demand for liposuction procedures continues to rise, fueling market growth.
Innovations in minimally invasive techniques and improved safety profiles of liposuction procedures are making them more accessible and attractive to a broader range of consumers. These technological improvements, combined with an increasing societal emphasis on aesthetics and body image, are expected to drive the market forward.
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Power-assisted liposuction and laser-guided liposuction are gaining importance because of faster recovery, reduced time for the hospital stay, and enhanced patient outcomes. The development of the liposuction market is also underpinned by increasing popularity of cosmetic surgeries with enhanced features, adoption of minimally invasive surgeries, and prevalence of stubborn fat accumulation in several body parts.
In February 2021, the International Society of Aesthetic Plastic Surgeons published the top countries which perform, and are at best in surgeries. The list included South Korea which is a prime hub for liposuction, nose jobs, and blepharoplasty. The U.S. is said to be popular in liposuction procedures, while Columbia has also displayed growth in the number of cosmetic surgical procedures.
Key Takeaways:
· Power-assisted liposuction accounted for 41.5% market value share in 2021 and is expected to display a CAGR growth of 8.5% over the forecast period.
· By anatomy, the abdomen segment led the market with around 31.0% of share in 2021. The procedures for fat reduction of the abdomen have displayed positive clinical outcomes when performed using advanced liposuction procedures.
· Plastic surgery & cosmetic clinics as end-users held a higher share in the liposuction market by a value of 62.7% in 2021.
· Latin America is slated to be a leading region with a value share of 30.6% at the end of the forecast period on the back of growing medical tourism and availability of cost-effective cosmetic surgical procedures
“With rising adoption of minimally invasive liposuction procedures and prevalence of obesity across the globe, the market is expected to witness growth at an exponential rate over the forecast period,” says an analyst of Future Market Insights.
Competitive Landscape:
Prominent liposuction producers are concentrating on expanding geographically in order to increase their revenue and increase the size of their sales footprint in developing nations through the purchase of regional competitors.
Important players create and develop tools and methods to help with liposuction treatments and carry out the OT in an economical manner. To guarantee improved treatment outcomes, these devices provide therapy success monitoring in addition to secretion control during the operations.
Manufacturers employ several methods such as strategic growth, new launches, alliances, and research sponsorship to enhance product sales and establish their market position.
- Hologic, Inc., opened its innovation centre in Aix-en-Provence, France in March 2022. The new commercial office facility aims to support Hologic’s interventional, ultrasound and 4surgical solutions across the spectrum of breast health care.
- YOLO Medical Inc., in June 2017, announced their flagship device “CURVE” received FDA market clearance as an innovative body contouring laser system.
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Key Companies Profiled:
- SOLTA MEDICAL (Bausch Health Companies, Inc.)
- Cynosure Inc
- Sciton Inc.
- Wells Johnsons Co
- YOLO Medical
- Apyx Medical
- Alma Lasers
- InMode Ltd
- Genesis Biosystems
- Hologic Inc.
- AbbVie Inc.
- Sciton Inc.
- Cynosure Inc.
- Human Med AG
- VCA Laser Technology Co. Ltd.
Key Market Segments:
By Procedure Type:
- Manual Liposuction
- Ultrasound-Assisted Liposuction
- Power-Assisted Liposuction
- Laser-Guided Liposuction
By Anatomy:
- Abdomen
- Upper arms
- Buttocks
- Calves and ankles
- Chest and back
- Hips and thighs
- Chin and neck
By End-User:
- Hospital Setting
- Ambulatory Surgical Centres
- Plastic Surgery and Cosmetic Clinics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
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