The liposuction surgery devices market is likely to garner a market value of US$ 1.33 Bn in 2022, anticipated to register a positive CAGR of 11% in the forecast period 2022-2032 and reach a value of US$ 3.78 Bn. From 2015 to 2021, the global liposuction surgery devices market registered significant gains, reaching a valuation of US$ 900 Mn in 2021. According to Fact.MR- a market research and competitive intelligence provider- liposuction surgery devices demand accelerated at a CAGR of 10.6% during the aforementioned forecast period.
Increased awareness regarding new cosmetic treatments in the developed economies, such as North America is one of the major driving factors of liposuction surgery devices. In addition, the integration of modern technology and the adoption of technologically advanced surgical devices are fueling the market growth.
The rising obesity cases are increasing the demand for liposuction surgery. However, minor complications, such as numbness, swelling, bad bruising, and more associated with targeted surgery is hampering the market growth. Considering these factors, the market is projected to witness high growth over the coming years, registering a CAGR of 11% to top US$ 3.78 Bn by 2032.
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What is driving the Market Demand for Liposuction Surgery Devices?
Changing Personal Beauty Trends Providing Impetus for Market Growth
Growing beauty consciousness among a large population and increasing demand for liposuction procedures by both men and women are some of the key factors driving the growth of the market. The growing number of cosmetic surgeries across the globe is another driving factor for the growth.
Liposuction surgery is gaining popularity due to increasing promotions across social media, minimized health risks due to technological advancements, and better results at reduced costs.
Due to the growing trends in non-invasive cosmetic procedures, many consumers prefer undergoing cosmetic surgery to making lifestyle changes, which is expected to contribute to the growth of the market.
Technological Advancements in Skincare to Boost Overall Market Demand
Rising demand for liposuction surgery due to better and faster results over following healthy diets and exercises can be accredited to the market growth. The rising desire of consumers to improve their appearance is also expected to propel the demand for these surgeries.
For instance, research by the ‘THISISME’ campaign by Allergan studied that, out of 2000 women, 20% desired to look approximately 5 years younger and 41% desired to look fresher and radiant. Hence, the growing trend to maintain a natural look is driving the demand for liposuction surgery, thereby driving the market growth.
Increasing technological enhancements in the liposuction procedure are propelling the growth of the market for liposuction surgery devices. A wide range of advancements has been incorporated into the traditional fat suctioning technique. These advancements include power, laser, ultrasound, and radiofrequency (RF) techniques.
How is the United States Propelling the Demand for Liposuction Surgery Devices?
Rising Obesity Cases Propelling Demand for Liposuction Surgery Devices
The United States dominates the market with a 36% revenue share owing to the increased adoption of modern technologies and the presence of numerous industry players in the region.
The rising demand for fat loss solutions due to the high prevalence of obesity is expected to drive the demand for liposuction surgery. Growing awareness for obesity and related health conditions in the region is also propelling the demand for targeted surgery, thereby driving the market growth.
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Competitive Landscape
The competitive landscape of the liposuction surgery devices market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
In October 2020, Alma unveiled its new Alma HybridTM platform, during a worldwide LIVE launch event, which was broadcasted from a state-of-the-art studio that was built especially at Alma’s headquarters for this event.
Designed to enable endless options of ablative, non-ablative, and thermal treatments for skin rejuvenation and scar revision, Alma HybridTM creates a unique synergistic effect by combining the power of three core energies. In addition to this powerful combination of tools, Alma HybridTM smart software serves as a key solution component which enables practitioners to craft “signature treatments” bringing their unique skills and experience into action.
Key Market Segments in Liposuction Surgery Devices Industry Research
By Product Type
- Stand-alone Liposuction Surgery Devices
- Portable Liposuction Surgery Devices
By Technology
- Tumescent Liposuction Surgery Devices
- Ultrasound-assisted Liposuction (UAL) Surgery Devices
- Laser-assisted Liposuction (LAL) Surgery Devices
- Power-assisted Liposuction (PAL) Surgery Devices
- BodyJet or Water Assisted Liposuction (WAL) Surgery Devices
- Jplasma Liposuction Surgery Devices
- Other Liposuction Surgery Devices
- Suction-Assisted Liposuction
- Twin Cannula-Assisted Liposuction
- RF-Assisted Liposuction
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