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Liposuction Surgery Devices Market

Market Study on Liposuction Surgery Devices: PMR Foresees a Spectrum of Opportunities Arising Soon, Analysing the Growing Consciousness About Self Appearance, Rising Emphasis on Aesthetic Procedures, and Increasing Awareness of Body Contouring Options

A Detailed Analysis of the Liposuction Surgery Devices Market Based on Growing Consumer Desire for Cosmetic Enhancements, and Technological Advancements in Liposuction

Liposuction Surgery Devices Market

The global liposuction surgery devices market is forecast to expand at a CAGR of 11.8% and thereby increase from a value of US$9.1 Mn in 2023, to US$19.9 Mn by the end of 2030.

Attributes

Key Insights

Liposuction Surgery Devices Market Size (2023E)

US$9.1 Mn

Projected Market Value (2030F)

US$19.9 Mn

Global Market Growth Rate (CAGR 2023 to 2030)

11.8%

Historical Market Growth Rate (CAGR 2018 to 2022)

7.9%

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Market Introduction and Definition

Liposuction is a cosmetic surgical procedure designed to remove excess fat from the body using a hollow instrument called a cannula. Frequently integrated with other plastic surgery interventions like abdominoplasty, breast reduction, and facelift, liposuction plays a pivotal role in market growth.

The market for liposuction is witnessing increased traction as individuals prioritize their aesthetic appearance and physical well-being. The surge in the global bariatric population is a key driver, with the market benefiting from the appeal of delivering swift fat loss outcomes. Additionally, the rising consumption of fast food has contributed to heightened demand for liposuction surgical devices in the market.

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Market Growth Drivers

Rising Demand for Liposuction Procedure, and Social Awareness of Beauty

The liposuction surgery devices market is experiencing substantial growth, primarily fueled by the increasing emphasis on beauty consciousness among a broad demographic and a rising demand for liposuction procedures among both men and women. The global surge in cosmetic surgeries further contributes to the market's expansion. Liposuction surgery is gaining widespread popularity, driven by extensive social media promotions, minimal health risks, cost effectiveness, and superior results.

The market is witnessing a notable trend in the preference for cosmetic surgery over lifestyle changes, particularly among women. The inclination towards immediate results, as opposed to adopting healthier lifestyles through diet and exercise, has led to a growing preference for liposuction surgery due to its efficacy and speed. The increasing societal desire for enhanced appearance is expected to drive the demand for liposuction surgery devices.

Moreover, heightened awareness regarding aesthetic appearance among a significant demographic is a significant factor propelling market growth. Findings from the Allergan 'THIS IS ME' campaign research, which surveyed 2000 women, revealed that 20% desired to appear approximately 5 years younger, while 41% aspired to achieve a fresher and more radiant look.

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Market Restraints

High Cost of Liposuction Procedures

A significant obstacle to the expansion of the liposuction surgery devices market is the exorbitant costs associated with procedures, including surgeon fees, facility expenses, and the devices themselves. These high-cost barriers frequently discourage prospective patients from pursuing liposuction treatments, particularly in regions with constrained healthcare resources or economic limitations, thereby adversely affecting the market growth.

Risk of Complications

Liposuction procedures entail potential business risks, including bruising, altered skin sensation, infection, irregular pigmentation, and persistent swelling. There is also a risk of damage to deeper anatomical structures such as nerves, blood vessels, muscles, lungs, and abdominal organs. Additionally, the liberation of fat particles during the procedure may lead to their entrapment in blood vessels, potentially causing complications such as pulmonary embolism, or cerebral embolism. It is crucial to note that the risk of complications escalates when performing the procedure on larger body surfaces due to increased fluid manipulation, posing a heightened threat to kidney and heart function.

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Opportunities

Rising Incidence of Obesity

The increasing demand for weight loss solutions, driven by the widespread prevalence of obesity, is poised to generate significant opportunities for the liposuction surgery market. With over 1 billion individuals globally classified as obese—comprising 650 million adults, 340 million adolescents, and 39 million children—the prevalence of this condition continues to rise. Projections from the World Health Organization (WHO) anticipate that by 2025, approximately 167 million individuals, encompassing both adults and children, will face health challenges due to being overweight or obese.

The World Obesity Atlas 2022 reveals that in the African region, 8.82% of children aged 5-9 and 6.28% of adolescents aged 10-19 are predicted to experience obesity by 2030, reaching a total of 35 million children and adolescents aged 5-19 across the region. The heightened awareness of obesity and its associated health conditions in the region is concurrently driving demand for targeted surgical interventions.

Analyst’s Viewpoint

The market is anticipated to undergo substantial expansion and change. A promising development in the liposuction surgery device market involves venturing into emerging economies, where rising disposable incomes and increasing awareness of aesthetic procedures present untapped market potential. Strategic initiatives aimed at enhancing accessibility to liposuction procedures and devices can create significant growth opportunities in these regions.

The integration of liposuction surgery devices with fat grafting techniques presents an enticing prospect. Harvested fat is increasingly utilized for facial rejuvenation, breast augmentation, and other cosmetic purposes. Through intensified research and development in fat grafting technologies combined with liposuction procedures, there are new avenues for innovation and market expansion.

Supply-side Dynamics

Several factors, including the popularity of liposuction surgery, growing consciousness about self ppearance, and rising incidence of obesity, all contribute to the dynamic and rapid expansion of the global liposuction surgery devices market. Solta Medical, Cynosure Inc., Sciton Inc., Wells Johnson Co., and Invasix Ltd are market leaders in liposuction surgery. The countries of the US, Canada, Japan, China, and France are significant producers of devices. The US is renowned for its Medical Devices sector, which has strong R&D investments and strong pipeline deployments. Canada is widely recognized for its presence of key vendors that offer liposuction devices like Bausch Health, and YOLO Medical Inc.

Several corporations are focusing on adopting various strategies, such as innovations in the existing technologies, research, and development, and increasing awareness for surgery in untapped regions across the globe. It is anticipated that expanding capacity will exert a substantial influence on market dynamics, resulting in heightened competition, reduced prices, and an increased availability of innovative products.

Market Segmentation

Which is the Prime Segment by Technology?

Demand for LAL Dominant as it Promotes Quick Recovery

The laser-assisted liposuction (LAL) segment has asserted dominance in the market and is anticipated to maintain this position throughout the forecast period. This is attributed to the growing adoption of LAL, driven by its advantages, including rapid and efficient body fat removal. Furthermore, LAL procedures eliminate the need for hospitalization, allowing patients to resume normal activities within a few days. The enhanced efficacy and safety features of laser-assisted liposuction, when compared to traditional methods, serve as additional catalysts for the segment's growth.

What is the Leading End User Category?

Hospitals Remain at the Forefront of Adoption

Hospitals play a crucial role in the market, holding a slightly smaller share than cosmetic surgery centers. Liposuction services provided in hospitals underscore its versatility and widespread adoption in medical facilities. State-of-the-art liposuction surgery devices serve diverse patient bases seeking aesthetic enhancement and medical fat removal. This dual functionality positions hospitals as essential contributors to the segment's expansion and accessibility.

Top Regional Markets

Europe Maintains the Top Position as Obesity Concerns Aggravate

North America dominated the market owing to the widespread adoption of advanced technologies and a dense presence of industry players. The region's escalating obesity concerns, leading to a heightened demand for fat loss solutions, are anticipated to fuel the growth of the liposuction surgery market. Recent population data for 2022 reveals an increase in the prevalence of adult obesity, with 22 states reporting rates at or above 35%, compared to 19 states in 2021, as per the Centers for Disease Control and Prevention (CDC). The expanding awareness of obesity and associated health issues among the substantial population in the region is also driving the demand for targeted surgical interventions, thereby contributing to market growth.

The Rise of Medical Tourism Elevates Opportunities in Asia Pacific

The Asia Pacific region exhibits the most rapid growth rate in the market for liposuction surgery devices. The region's expansion is attributed to heightened awareness of the advantages and simplicity of liposuction. Anticipated drivers of market growth in the region include rising disposable income, heightened demand for targeted surgery within the fashion and film sectors, and the flourishing healthcare industry. Additionally, the growth of medical tourism contributes to the overall expansion of the liposuction surgery devices industry in the region.

Competitive Intelligence and Business Strategy

Prominent organizations, including Solta Medical, Cynosure Inc., and Sciton Inc., are at the vanguard of this sector, providing inventive solutions by capitalizing on their technological prowess and vast experience in the Liposuction Surgery Devices industry. Organizations operating within this sector prioritize technological advancements, strategic alliances, and user experience improvement. These businesses make substantial R&D investments to create ultrasounds and radiofrequency techniques that enable superior results.

To distinguish themselves in this highly competitive market, these businesses strive to differentiate their products. They achieve this by providing unique features, innovative technologies, and tailored solutions. Additionally, they might prioritize customer experience, and invest in cutting-edge research and development.

Key Recent Developments

New Product Launch

In October 2020, InMode Ltd. launched the Morpheus8 Body Multi-pulse Burst Radiofrequency Vulcanization Technology. This system was designed to facilitate the creation of crosslinks between elongated collagen fiber molecules, thereby enhancing the integrity of the skin-adipose scaffold

Market Impact: The introduction of InMode Ltd.'s Morpheus8 Body Multi-pulse Burst Radiofrequency Vulcanization Technology, designed to foster crosslink formation among collagen fiber molecules, enhances the overall integrity of the skin-adipose scaffold. The technology's potential benefits in terms of improved outcomes and patient satisfaction may contribute to increased adoption, potentially influencing market preferences and driving demand for advanced liposuction surgery devices.

In July 2020, Solta Medical unveiled the Thermage FLX system, a radio frequency (RF) device specifically engineered for skin tightening applications. The system incorporates the AccuREP energy algorithm, a novel feature meticulously crafted to measure and calibrate the precise amount of energy administered to the treatment area. Additionally, it includes an upgraded vibrating handpiece and an expanded treatment tip, as asserted by Solta, resulting in a 25% reduction in treatment duration.

Market Impact: The incorporation of the AccuREP energy algorithm, designed for precise energy measurement and calibration, enhances the efficiency and accuracy of treatments. This innovation may influence the preferences of practitioners and patients, fostering a shift towards advanced technologies in the broader field of aesthetic and cosmetic procedures.

Liposuction Surgery Devices Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Technology
  • End-user
  • Region

Key Companies Profiled

  • Solta Medical
  • Cynosure Inc.
  • Sciton Inc.
  • Wells Johnson Co.
  • Invasix Ltd
  • Zeltiq Aesthetics Inc.
  • Vaser Lipo
  • Smart Lipo
  • Pro Lipo
  • Body Tite
  • Cool Sculpt
  • Liposonix

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Liposuction Surgery Devices Market Research Segmentation

By Technology Location:

  • Suction-assisted Liposuction
  • Ultrasound-assisted Liposuction
  • External ultrasound-assisted liposuction
  • Power-assisted Liposuction
  • Laser-assisted Liposuction
  • Water-assisted Liposuction
  • Twin Cannula-assisted Liposuction
  • Tumescent Liposuction
  • Aspirator Devices
  • RF-assisted Liposuction

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cosmetic Surgical Centers

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Solta Medical
  • Cynosure Inc.
  • Sciton Inc.
  • Wells Johnson Co.
  • Invasix Ltd
  • Zeltiq Aesthetics Inc.
  • Vaser Lipo
  • Smart Lipo
  • Pro Lipo
  • Body Tite
  • Cool Sculpt
  • Liposonix

- Frequently Asked Questions -

The market is anticipated to grow at a CAGR of 11.8% during the projected period.

The liposuction surgery devices market was valued at US$9.1 million in 2023.

The US held the largest market share in 2023.

Some of the prominent players in the market are Solta Medical, Cynosure Inc., Sciton Inc., Wells Johnson Co., and Invasix Ltd.

The laser-assisted liposuction segment is expected to grow at the fastest CAGR during the forecast period.

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