Liposuction Surgery Devices Market Size & Share, by Product (Stand-Alone, Portable); Technology (Suction, Power, Water Jet, Twin Cannula, Radiofrequency, Tumescent, Aspirator Device, Laser, Ultrasound); End-user (Hospitals, Ambulatory Centers, Cosmetic Surgical Centers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Global Liposuction Surgery Devices Market Definition

Liposuction is an effective and aesthetic procedure to remove subcutaneous adipose tissues (SAT) and visceral adipose tissues (VAT) in patients. The device that are used for undergoing the surgical process of liposuction are known as liposuction surgery devices. 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.

Global Liposuction Surgery Devices Market: Key Insights

Global Liposuction Surgery Devices Market Highlights Over 2023 - 2035

The global liposuction surgery devices market is estimated to garner a revenue of ~USD 7 Billion by the end of 2035 by growing at a CAGR of ~11% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 3 Billion in the year 2022. 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.

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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.

Global Liposuction Surgery Devices Market: Growth Drivers and Challenges

Growth Drivers

• Growth in Surgical Procedures Performed – With the need for immediate beauty results, the population adopt surgical procedures for better and faster reactions. Hence, the growing desire to improve the physical appearance is expected to propel the demand of liposuction surgery device in the assessment period. In 2021, around 2 million surgical procedures were performed worldwide.

• Soaring Amount of Money Spent on Beauty Products – The recent beauty statistics of 2022 shows that almost USD 300 are spent on beauty products by the U.S. women every month.

• Increased Preference for Aesthetic Procedures – A statistical data revealed that Americans spent almost USD 15 billion on aesthetic procedures in 2021.

• Prevalence of Unhealthy Images of ‘Ideal Body’ – Rising social media wave among the human population has generated unhealthy images thinking of possessing the ‘perfect zero fat’ figure. Furthermore, the pressure of maintaining the ‘ideal’ body for women is projected to generate the demand for liposuction surgery, and in turn the need for such devices to perform the surgeries, during the forecast period. It has been recorded that almost 90% of women worldwide are unhappy with their body type and resort various techniques to achieve their ideal body type. Also, over 50% of the college going girls feel pressured for being overweight.

Challenges

• High Cost of Liposuction Surgery Device

• Availability of Low-Cost Alternatives

• Rising Concerns about Side-Effects – Although the benefits of liposuction surgery are effective and can be seen immediately, however, in some of the cases the side-effects of liposuction surgery device can stay for lifetime such as discoloration of the treated area. Also, some of the individuals also get lumpy and uneven results with bleeding under the skin and persistent numbness. As a result, these side-effects can pose as a challenge to the market growth.

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.

Global Liposuction Surgery Devices Market Regional Synopsis

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.

Market Segmentation

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

Top Featured Companies Dominating the Global Liposuction Surgery Devices Market

• Cynosure, LLC
• Company Overview
• Business Strategy
• Key Product Offerings
• Financial Performance
• Key Performance Indicators
• Risk Analysis
• Recent Development
• Regional Presence
• SWOT Analysis

• Bausch Health Companies Inc. (Solta Medical)
• DEKA M.E.L.A. srl
• Candela Medical
• AbbVie Inc. (Allergan)
• Alma Lasers GMBH
• ERCHONIA CORPORATION
• Genesis Biosystems, Inc.
• Inmode Group
• Sciton, Inc.