Liposuction Market Analysis And Demand With Forecast Overview To 2032
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.
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.
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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 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 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 7% in 2021.
Latin America is slated to be a leading region with a value share of 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.
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).
What does the report cover?
Future Market Insights offers a unique perspective and actionable insights on the liposuction market in its latest study, presenting a demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research is based on procedure type – (manual liposuction, ultrasound-assisted liposuction, power-assisted liposuction, laser-guided liposuction), anatomy-(abdomen, upper arms, buttocks, calves and ankles, chest and back, hips and thighs, chin and neck), and by end-user (healthcare settings, ambulatory surgical centers, plastic surgery and cosmetic clinics), across seven key regions of the world.
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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