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HEALTHCARE & PHARMACEUTICAL

Liposuction Surgery Device Market Segmentation by Product Type (Stand Alone Liposuction Surgery Device, and Portable Liposuction Surgery Device); by Technology {Ultrasound-Assisted Liposuction (UAL), Twin Cannula-Assisted Liposuction , Laser-Assisted Liposuction (LAL), Power-Assisted Liposuction , Suction-Assisted Liposuction (SAL), Tumescent Liposuction, RF-Assisted Liposuction , Water-Assisted Liposuction and Aspirator Devices}; by End-User – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Liposuction Surgery Device Market amidst COVID-19

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

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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

Liposuction Surgery Device Market Graph

Growth Drivers

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.

Restraints

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.

Market Segmentation

Our in-depth analysis of the global liposuction surgery device market includes the following segments:

By Product Type

  • Stand Alone Liposuction Surgery Device
  • Portable Liposuction Surgery Device

By Technology

  • Ultrasound-Assisted Liposuction (UAL)
  • Twin Cannula-Assisted Liposuction (TCAL)
  • Laser-Assisted Liposuction (LAL)
  • Power-Assisted Liposuction (PAL)
  • Suction-Assisted Liposuction (SAL)
  • Tumescent Liposuction
  • RF-Assisted Liposuction (RFAL)
  • Water-Assisted Liposuction (WAL)
  • Aspirator Devices

By End-User

  • Ambulatory Surgical Centers
  • Hospitals
  • Cosmetic Surgical Centers

By Region

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:

  • North America (US, Mexico and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (Germany, France, Italy, Belgium, Spain, UK, Russia, Netherlands and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (Japan, India, China, Malaysia, Australia, Indonesia, Thailand and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Argentina, Brazil and rest of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, Egypt, United Arab Emirates and South Africa) Market size, Y-O-Y growth and Opportunity analysis.

Top Key Players Dominating the Market

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