The global liposuction market is poised for extraordinary growth, with its valuation expected to surge from USD 5,323.7 million in 2024 to an impressive USD 10,278.5 million by 2034. This remarkable expansion, driven by a robust CAGR of 6.8% over the next decade, underscores the increasing demand for advanced body contouring solutions worldwide.
As more individuals seek to enhance their physical appearance and boost their confidence, the liposuction industry stands at the forefront of innovation and excellence in cosmetic surgery. The steady growth trajectory highlights the sector’s resilience and adaptability in meeting the evolving aesthetic desires of a diverse global clientele.
This anticipated growth presents an exciting opportunity for stakeholders across the healthcare and cosmetic surgery sectors. From skilled surgeons and cutting-edge technology providers to investors and industry innovators, the burgeoning liposuction market offers a fertile ground for advancements and breakthroughs that can redefine body contouring practices.
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Key factors contributing to this market expansion include the rising popularity of minimally invasive procedures, significant technological advancements, and an increasing emphasis on achieving aesthetic perfection. As public awareness about the safety and efficacy of liposuction continues to grow, so does the willingness of individuals to invest in procedures that can help them achieve their desired body image.
For industry leaders, the path ahead is clear: innovate, adapt, and cater to the growing demand with exceptional precision and care. By embracing the latest advancements in liposuction techniques and technologies, stakeholders can ensure that the market not only meets but exceeds the expectations of its expanding customer base.
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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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