Liposuction Market Size to Register 6.8% CAGR, Surpassing US$ 9.1 Bn through 2032 | Future Market Insights, Inc.

The liposuction market is expected to register a 6.8% CAGR and reach a value of US$ 9.1 Bn by 2032. This growth is attributed to the increasing demand for minimally invasive procedures, growing awareness about the benefits of liposuction surgery, and technological advancements in the field of liposuction devices. Plastic surgery & cosmetic clinics are anticipated to hold a higher share in the market by 2021 owing to rising number of surgical procedures performed in these end-user segments. Latin America is slated to be a key region with a value share of 30.6% at the end of the forecast period on account of growing medical tourism and availability of cost-effective cosmetic surgical procedures

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NEWARK, Del, June 03, 2022 (GLOBE NEWSWIRE) -- As per Future Market Insights, the global liposuction market was valued at over US$ 4.5 Bn in 2021 and is expected to exhibit a value of US$ 9.1 Bn by the end of 2032, with a projected CAGR rate of 6.8%.

Increasing prevalence of obesity and unwanted body fat across the globe is driving the demand in the market. Growth in the market is also attributed to rising adoption of new technical measures and minimally invasive procedures with advancements in control systems.

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Liposuction procedures are gaining traction among all age groups such as rhinoplasty and breast enhancement. As a result, the surge in obese populations in several regions has paved the way for technologically advanced surgical procedures that are to be commercialized.

Power-assisted liposuction and laser-guided liposuction are gaining importance because of faster recovery, reduced time for the hospital stay, and enhanced patient outcomes. The development of the liposuction market is also underpinned by increasing popularity of cosmetic surgeries with enhanced features, adoption of minimally invasive surgeries, and prevalence of stubborn fat accumulation in several body parts.

In February 2021, the International Society of Aesthetic Plastic Surgeons published the top countries which perform, and are at best in surgeries. The list included South Korea which is a prime hub for liposuction, nose jobs, and blepharoplasty. The U.S. is said to be popular in liposuction procedures, while Columbia has also displayed growth in the number of cosmetic surgical procedures.

Key Takeaways from Market Study

· 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.

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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 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

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa (MEA)

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusions and Exclusions

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Key Promotional Strategies by Manufacturers

    4.4. PESTEL Analysis

    4.5. Porter’s Analysis

    4.6. Regulatory Scenario

    4.7. Reimbursement Scenario

Full TOC Click Here

Scope of the Report

AttributeDetails
Forecast Period2022-2032
Historical Data Available for2017-2021
Market AnalysisUS$ Mn for Value
Key Regions CoveredNorth America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa
Key Countries CoveredU.S., Canada, Brazil, Mexico, Argentina, Columbia, U.K, Germany, Italy, Russia, Spain, Greece, France, BENELUX, NORDIC, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC Countries, and South Africa
Key Market Segments Coveredby Methods, by Anatomy, by End User
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.

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