The liposuction market is on track for substantial growth, with an estimated valuation of USD 5,323.7 million in 2024. According to the latest market analysis, the industry is projected to achieve a valuation of USD 10,278.5 million by 2034, reflecting a robust compound annual growth rate (CAGR) of 6.8% between 2024 and 2034.
Liposuction, a popular cosmetic procedure aimed at removing excess fat deposits and contouring the body, continues to gain traction globally. This market growth is driven by the rising demand for minimally invasive cosmetic procedures, advancements in liposuction technologies, and an increasing focus on aesthetic enhancement.
This anticipated development presents an exciting opportunity for all stakeholders in the healthcare and cosmetic surgery sectors. The burgeoning liposuction sector presents a fertile ground for breakthroughs and discoveries that could fundamentally alter body contouring techniques, from investors and industry pioneers to highly skilled surgeons and suppliers of cutting-edge equipment.
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Significant technology improvements, the growing emphasis on obtaining aesthetic perfection, and the growing popularity of minimally invasive procedures are the main factors driving this market rise. People are more prepared to spend money on procedures that will help them reach their ideal body image as long as they are aware of the safety and effectiveness of liposuction.
The future is obvious for those in charge of the sector: innovate, adjust, and provide the extraordinary care and accuracy needed to meet the increasing demand. Through adoption of the most recent developments in liposuction methods and technology, interested parties can guarantee that the market not only fulfills but surpasses the demands of its growing clientele.
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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