Liposuction Surgery Devices Market size is poised to reach USD 7 Billion by the end of 2035, growing at a CAGR of 11% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of liposuction surgery devices was over USD 3 Billion. The growth of the market is primarily attributed to growing concern for obesity among the population and rising diseases owing to it, such as fatigue, cholesterol, heart diseases and others. The World Health Organization (WHO) stated that in 2019, almost 38.2 million children under the age of 5 years were diagnosed as obese or overweight.
Growing beauty standards in the world has increased the demand for liposuction surgeries by both men and women. This has also pushed both the men and women sections to adopt cosmetic surgeries. As a result, it is projected that the beauty industry to expand and bring lucrative growth opportunities for the market. As per a report launched in 2022, it was estimated that the global beauty industry generates more than USD 100 billion across the worldwide.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
11% |
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Base Year Market Size (2022) |
USD 3 Billion |
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Forecast Year Market Size (2035) |
USD 7 Billion |
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Regional Scope |
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End-user (Hospitals, Ambulatory Centers, Cosmetic Surgical Centers)
The global liposuction surgery devices market is segmented and analyzed for demand and supply by end-users into hospitals, ambulatory centers, cosmetic surgical centers. Out of these, the hospitals segment is attributed to garner the highest market share by 2035. The growth of the segment can be attributed to the surge in the number of hospitals present across the world who are offering different types of surgeries, including liposuction surgeries, and therefore the need for these surgical devices. As per the statistics by the Organization for Economic Co-operation and Development (OECD), the number of hospitals in the United States rose from 5,564 in 2015 to 6,090 in 2019. Also, the trust factor associated with hospitals and rising awareness about benefits that can be availed in the hospitals are some of the other factors that is estimated to fuel the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Product |
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By Technology |
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By End-Users |
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Asia Pacific Market Forecast
The Asia Pacific liposuction surgery devices market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The primary factor for the market growth in the region is rising beauty standards among the population, expansion of beauty industry and growth in aesthetic procedure industry in the region. As per a report published by the National Library of Medicine, it is stated that the aesthetic procedure industry is projected to grow with a notable CAGR of 6% between 2019 - 2027. Further, the high disposable income has propelled the population to spend more on beauty procedures, which is also anticipated to contribute to the growth of the market in the region.
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Author Credits: Radhika Gupta, Shivam Bhutani
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