by Liposuction is a cosmetic surgical procedure that helps remove excess fat from specific areas like abdomen, hips, thighs, and buttocks through vacuuming fat using a suction device. It is a minimally invasive procedure that is preferred over traditional liposculpture techniques as it offers advantages like minimal incision requirements, reduced post-procedure discomfort, reduced bruising and swelling, and quicker recovery time. Growing aesthetic consciousness and rising disposable incomes have fueled the adoption of various non-invasive cosmetic procedures including liposuction surgeries across the globe.
The Global Liposuction Surgery Devices Market is estimated to be valued at US$ 1.41 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the liposuction surgery devices are Cynosure Inc., Solta Medical, Sciton Inc., InMode Ltd., & Alma Lasers.
These players are focusing on new product launches and geographical expansions to gain higher market share.
The key opportunities in the liposuction surgery devices market include increased medical tourism, growing demand for body contouring procedures, and technological advancements leading to launch of innovative products.
The market is witnessing high growth in Asia Pacific and Latin America regions due to rising awareness, easy availability of treatments, and increasing medical tourism. Leading players are expanding their operations in these emerging markets through partnerships and distribution agreements.
Market drivers:
Increasing obesity rates worldwide due to sedentary lifestyles and unhealthy dietary patterns are majorly driving the adoption of liposuction procedures. As per WHO, global obesity rates have tripled since 1975. Liposuction helps in body contouring and weight management for obese patients. Growing aesthetic awareness and rising disposable incomes are other key factors supplementing the market growth.
PEST Analysis
Political: The government policies and regulations influence the liposuction surgery devices market. Changes in healthcare regulations and reimbursement policies affect the market.
Economic: With increasing disposable incomes, people opt for cosmetic procedures like liposuction to feel more confident about themselves. Growth in healthcare spending supports market growth.
Social: Growing popularity of aesthetic procedures and rising emphasis on appearance among millennials and Generation Z boost the market. Higher social acceptance of cosmetic treatments also drives the market.
Technological: Developments in laser and ultrasound assisted liposuction technologies make procedures less invasive and reduce recovery time. New product launches incorporating advanced technologies expand market opportunities.
The North America region currently holds the largest share of the overall liposuction surgery devices market in terms of value owing to factors such as growing consciousness about physical appearance, high adoption of advanced aesthetic technologies, and presence of major market players in the region.
The Asia Pacific region is projected to be the fastest growing regional market during the forecast period. Increasing medical tourism coupled with rising healthcare infrastructure and expenditures in developing countries such as China and India is boosting the liposuction surgery devices market growth in Asia Pacific.
What Are The Key Data Covered In This Liposuction Surgery Devices Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Liposuction Surgery Devices’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Liposuction Surgery Devices and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Liposuction Surgery Devices Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Liposuction Surgery Devices vendors
FAQ’s
Q.1 What are the main factors influencing the Liposuction Surgery Devices?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Liposuction Surgery Devices companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Liposuction Surgery Devices’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
