Global Liposuction Surgery Device Market Highlights 2020-2029
The global liposuction surgery device market is anticipated to exhibit a notable CAGR during the forecast period, i.e., 2021-2029. The growth of the market can be attributed to the growing concerns for obesity along with the rising demand for plastic surgery procedures. Further growing awareness for minimally invasive and non-invasive liposuction processes are further anticipated to drive the market growth during the forecast period.
Introduction to Liposuction Surgery Device
Liposuction is an effective and aesthetic procedure to remove subcutaneous adipose tissues (SAT) and visceral adipose tissues (VAT) in patients. The devices that are used for undergoing the surgical process of liposuction are known as liposuction surgery device. These surgical procedures are performed either for cosmetic or aesthetic purposes, or for medically necessary reasons. Other uses of this surgical procedure are to treat lipedema or to remove excess fat in lymphedema. The process is used primarily to remove fat from different body parts including thighs, hips, cheeks, neck, arms, inner knee, chest area, and others.
Market Size and Forecast
According to the statistical estimates of the World Health Organization (WHO), around 38.2 million children below 5 years of age were obese or overweight in the year 2019. Further, between the period 1975 and 2016, the prevalence of obesity globally grew close to three times.
The global liposuction surgery device market is thriving primarily on account of the growing adoption of liposuction surgical process, backed by the rising concern for obesity amongst individuals, and the need for the surgical devices to perform such surgery. Further, growing awareness amongst individuals for obese related diseases, such as diabetes, cardiac arrest, high blood pressure, osteoarthritis, breathing problems, and others, is further anticipated to contribute to the market growth. The market is segmented by end-user into ambulatory surgical centers, hospitals, and cosmetic surgical centers. Among these segments, the cosmetic surgical centers segment is anticipated to hold the largest market share by the end of 2021. Growing awareness for cosmetic surgery procedures, and the increasing number of cosmetic surgical centers around the globe, are some of the factors anticipated to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE
Growing Demand for Cosmetic Surgical Procedures
There is a rising demand for cosmetic surgical procedures around the globe backed by the increasing beauty consciousness amongst individuals. Increasing awareness for cosmetic surgical procedures via social media, along with the growing advancements in these procedures which possesses minimal health risks, is further contributing to the growing adoption of these surgical procedures. Statistical data from secondary sources stated that a total of around 18 million cosmetic procedures were done in the year 2019 in the United States itself. Amongst these, liposuction was known to be the top five surgical procedures, with around 265 thousand registered procedures. Moreover, growing advancements in liposuction surgery devices and the availability of various surgical procedures, such as vibration amplification of sound energy at resonance (VASER) liposuction, along with other processes such as suction-assisted, tumescent, ultrasound-assisted, laser-assisted liposuction, and others, are some of the additional factors anticipated to drive the market growth.
High Cost of Liposuction Surgery Devices and Availability of Alternatives to Hamper the Market Growth
One of the major factors that is anticipated to hamper the market growth is the high cost of liposuction surgery devices and the availability of low-cost alternatives, which are minimally invasive or non-invasive in nature. Moreover, increasing focus of the manufacturers for manufacturing non-surgical liposuction machines, and the concern among many individuals for the side effects of liposuction is further anticipated to hamper the market growth.
Our in-depth analysis of the global liposuction surgery device market includes the following segments:
By Product Type
On the basis of regional analysis, the global liposuction surgery device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. Among these regions, the market in North America is estimated to hold the largest market share by the end of 2029. The growth of the market in the region can be attributed to the increasing awareness amongst individuals in nations such as the United States and Canada, along with the availability of numerous service providers that offer these services. Further, presence of numerous manufacturers of liposuction surgery devices, along with the availability of a strong healthcare network in the region is also anticipated to dive the market growth in the region.
The global liposuction surgery device marker is further classified on the basis of region as follows:
Top Key Players Dominating the Market
FREQUENTLY ASKED QUESTIONS
Rising concerns for obesity and obese related diseases, which is raising the need for the adoption of liposuction surgery procedures, and in turn the demand for liposuction surgery devices, is one of the major factors driving the market growth.
The market is anticipated to grow with a moderate CAGR over the forecast period, i.e., 2021-2029.
The major companies in the market are Cynosure, Inc., Bausch Health Companies Inc. (NYSE: BHC), DEKA M.E.L.A. srl, Candela Medical, AbbVie Inc. (NYSE: ABBV), Alma Lasers, ERCHONIA CORPORATION, and others.
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market in North America is anticipated to hold the dominating share by the end of 2029 owing to the presence of numerous device manufacturers along with the availability of a strong healthcare network in the region.
The liposuction surgery device market is segmented by product type, technology, end-user, and by region.
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