Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Liposuction surgery is an effective cosmetic treatment which removes excess fat and improves body proportion. This surgery breaks fat through a hollow instrument (cannula) from different body parts like thighs, hips, cheeks, neck, arms, inner knee, chest area and back. Liposuction helps in avoiding obesity and related disease but it doesn’t serve any purpose for stretch marks and cellulite.
Global liposuction surgery device market is escalating rapidly due to growing awareness of diseases like diabetic, cardiac arrest, high blood pressure, osteoarthritis, gout, breathing problems etc. At present, North America is the biggest market for the liposuction surgery devices and is expected to hold its position in next five years by managing a CAGR of 12.3% over the forecast period followed by Europe. In Europe, U.K., Germany and France accounted for the largest market share for liposuction surgery device market in 2015.
Liposuction surgery devices are segmented under the global medical aesthetics market. The global medical aesthetics market is anticipated to reach USD 12,582 Million, registering a CAGR of 11% during 2015-2021.
Market Size and Forecast
North America liposuction surgery device market is forecasted to showcase burgeoned growth in the forecast period owing to rise in obese population (according to CDC- More than one-third (34.9% or 78.6 million) of U.S. adults are obese) in the region.
The demand for liposuction devices is on a continuous rise in the U.S. and Canada. The U.S. has fairly large market for liposuction surgery device, compared to Canada. Over 39,989 cosmetic surgeries are carried out every year in the U.S.
Asia pacific liposuction surgery device market is believed to foster at a higher pace backed up by strengthening of the economies and rising per capita income of the population. India, China, Japan, Singapore, Korea, etc. are some of the major liposuction surgery device market in Asia-Pacific region. CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
By Product Type
On the basis of product type, the global liposuction surgery device market is segmented into:
·Stand Alone Liposuction Surgery Device
·Portable liposuction Surgery Device
By Technology
The global liposuction market can be divided on the basis of technology as mentioned below:-
By End User
On the basis of end user global liposuction surgery device market is segmented as ambulatory surgical centers, hospitals and cosmetic surgical centers.
By Region
Growth Drivers and challenges
Now a days people wants to look slim and be in proper body shape especially women who are more concerned to remove unwanted fats from their body. This rising concern is expected to be a major factor driving the growth of global liposuction surgery device market in the coming future. In addition to this, rising lifestyle diseases related to obesity would drive the global liposuction device market in a big way in near future.
For surgeons, it is necessary to eliminate right amount of fluid to stay intact during the operation and balance liposuction fat. The biggest challenge for the doctor is to manage the blood clots formation and be careful not to intrude tissues, connective tissues and blood vessels. These problems and other side-effects related to liposuction surgery withdraw most of the patients from this surgery and are projected to restrain the growth of the global liposuction surgery device in future. Furthermore, high cost involved in the medical procedures restricts people to go for liposuction surgery, hence, impacting the global liposuction devices market negatively.
Key players
The major players of global liposuction surgery device market are
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