According to Future Market Insights, the global Liposuction market size is expected to reach US$ 4.7 billion in 2022 and US$ 9.1 billion by the end of 2032, at a CAGR of 6.8%.
The rising prevalence of obesity and excess body fat around the world is fuelling market demand. The market’s expansion is also related to the increasing acceptance of new technical measures and less invasive procedures, as well as developments in control systems.
Liposuction operations, such as rhinoplasty and breast enlargement, are gaining popularity among people of various ages. As a result, the rise in obese populations in numerous locations has cleared the path for commercialization of technologically improved surgical techniques.
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Power-assisted Liposuction and laser-guided Liposuction are becoming more popular due to speedier recovery, shorter hospital stays, and improved patient results. The growing popularity of aesthetic procedures with enhanced characteristics, the adoption of minimally invasive surgeries, and the prevalence of resistant fat accumulation in numerous body sections all contribute to the growth of the Liposuction market.
The International Society of Aesthetic Plastic Surgeons revealed the top countries that conduct and are the best in surgery in February 2021. South Korea was included on the list because it is a popular destination for liposuction, nose operations, and blepharoplasty. The United States is believed to be popular for liposuction treatments, whereas Columbia has seen an increase in the number of cosmetic surgical procedures.
Key Takeaways from Market Study
- Power-assisted Liposuction accounted for 41.5% of market value in 2021 and is predicted to expand at an 8.5% CAGR over the forecast period.
- The abdomen segment led the market by anatomy in 2021, accounting for around 31.0% of the market. When enhanced Liposuction methods are used for abdominal fat reduction, the clinical outcomes have been positive.
- End-users such as plastic surgery and cosmetic clinics owned a 62.7% share of the Liposuction market in 2021.
- Latin America is expected to be a leading region at the end of the forecast period, with a value share of 30.6% due to expanding medical tourism and the 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.
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Market Competition
Recognition, acquisitions, expansion, development of an extensive product and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in
different geographies. The market for Liposuction devices is fragmented, thus providers are employing growth tactics such as R&D investment to stay competitive.
- In 2021, Alma Lasers introduced the Alma PrimeX™ platform for skin tightening procedures and body contouring.
- Apyx Medical Corporation announced the publication of two distinct peer-reviewed studies in the journal Dermatological Reviews in October 2020, which add to the growing body of clinical evidence supporting the use of Renuvion (Liposuction device).
Key Players
- SOLTA MEDICAL (Bausch Health Companies, Inc.)
- Cynosure Inc
- Sciton Inc.
- Wells Johnsons Co
- YOLO Medical
- Apyx Medical
- Alma Lasers
- Others
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Key Market Segments Covered In Liposuction Industry Research
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
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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