The global liposuction surgery devices market size was valued at USD 2.9 billion in 2021, and is predicted to be worth around USD 7.6 billion by 2030, registering a CAGR of 12.8% during the forecast period 2022 to 2030.
Growth Factors:
Increased awareness regarding new cosmetic treatments in the developed economies, such as North America is one of the major driving factors of the liposuction surgery devices. In addition, the integration of modern technology and the adoption of technologically advanced surgical devices is fueling market growth.
The growing demand for cosmetic surgeries across the globe is another driving factor of this market. Lipoplasty is one of the common cosmetic surgeries witnessed in the United States. Annually, more than 3,00,000 liposuction surgeries are operated with an approximate cost of $2000-3500. The high disposable income of consumers is another driving factor for the growth of liposuction surgery in North America. These factors are expected to propel industry growth.
The COVID-19 pandemic has had a considerable impact on the market. Restrictions on movement and stay-at-home orders are helping reduce the spread of COVID-19. It has created obstacles in medical device manufacturing as the supply chains are disrupted due to the restrictions on borders. Also, the shift of focus from liposuction surgery devices to medical devices used for COVID-19 treatment has resulted in unintended consequences that may potentially disrupt the growth of the market.
Report Coverage
By Product Type Analysis
By product type, the market is categorized into portable and standalone liposuction surgery devices. The portable liposuction surgery devices segment is expected to expand at the fastest CAGR of 12.9% over the forecast period.
The segment held the largest share of about 61% in 2021, owing to the ease of use of these products. Reasonable rates and rising technological advancements are also promoting growth.
Growing awareness about the benefits offered by these devices is also driving their demand. Portable liposuction surgery accessories are convenient to use. They are well organized and can be easily plugged in and operated in surgeries.
By Technology Analysis
The laser-assisted liposuction (LAL) segment dominated the market with a 22% revenue share in 2021. It is expected to continue leading over the forecast period owing to the increased adoption of the technology due to its benefits such as a quick and effective way of removing body fat.
The ultrasound-assisted liposuction (UAL) segment on the other hand is expected to register a significant CAGR of 12.1% over the forecast period. The main factor driving the growth of the segment is the integration of ultrasound technology in modern lasers.
By Regional Analysis
North America dominated the market with 36.14% of the revenue share in 2021 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.
The Asia Pacific region is anticipated to register at a faster CAGR of 13.9% over the forecast period. The increased awareness among people about the benefits of liposuction is contributing to the growth of the region.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Liposuction Surgery Devices Market include:
- Alma Lasers
- Solta Medical
- InMode
- Apyx Medical Corporation
- Genesis Biosystems, Inc.
- Cynosure Inc.
- MicroAire Surgical Instruments, LLC
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Market Segmentation
- By Product Type
- Stand-alone Liposuction Surgery Devices
- Portable Liposuction Surgery Devices
- By Technology
- Tumescent Liposuction
- Ultrasound-assisted Liposuction (UAL)
- Laser-assisted Liposuction (LAL)
- Power-assisted Liposuction (PAL)
- BodyJet or Water Assisted Liposuction (WAL)
- Jplasma
- Others
- Suction-Assisted Liposuction
- Twin Cannula-Assisted Liposuction
- RF-Assisted Liposuction
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Liposuction Surgery Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Liposuction Surgery Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Liposuction Surgery Devices markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Liposuction Surgery Devices Market Study:
- Growth of Liposuction Surgery Devices in 2022
- Market Estimates and Forecasts (2017-2030)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Liposuction Surgery Devices and How to Navigate
- Key Product Innovations and Regulatory Climate
- Liposuction Surgery Devices Consumption Analysis
- Liposuction Surgery Devices Production Analysis
- Liposuction Surgery Devices and Management
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