At a compound annual growth rate (CAGR) of 6.8%, the sales of liposuction market share are predicted to increase from US$ 4.45 billion in 2022 to US$ 9.31 billion by 2032 in the global market.The growing need for cosmetic procedures and body sculpting is driving the rapid growth of the liposuction market. With a significant Compound Annual Growth Rate (CAGR) of 6.8%, liposuction is becoming a more and more popular method of safely removing excess fat deposits from the body. The market is growing as a result of several things, such as advancements in technology, a rise in aesthetic awareness, and the accessibility of minimally invasive procedures. The continued growth of the liposuction market demonstrates how technological improvements in medicine and aesthetics are coming together to provide consumers with more options for achieving their optimum body shapes with the use of cutting-edge
Globally, the prevalence of obesity and excess body fat is rising, which is fueling market demand. The increasing use of innovative technical measures and minimally invasive procedures along with developments in control systems is another factor contributing to the market growth.
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Liposuction procedures are gaining traction among all age groups such as rhinoplasty and breast enhancement. As a result, the surge in obese populations in several regions has paved the way for technologically advanced surgical procedures that are to be commercialized.
Power-assisted liposuction and laser-guided liposuction are gaining importance because of faster recovery, reduced time for the hospital stay, and enhanced patient outcomes. The development of the liposuction market is also underpinned by increasing popularity of cosmetic surgeries with enhanced features, adoption of minimally invasive surgeries, and prevalence of stubborn fat accumulation in several body parts.
In February 2021, the International Society of Aesthetic Plastic Surgeons published the top countries which perform, and are at best in surgeries. The list included South Korea which is a prime hub for liposuction, nose jobs, and blepharoplasty. The U.S. is said to be popular in liposuction procedures, while Columbia has also displayed growth in the number of cosmetic surgical procedures.
Key Takeaways:
· Power-assisted liposuction accounted for 41.5% market value share in 2021 and is expected to display a CAGR growth of 8.5% over the forecast period.
· By anatomy, the abdomen segment led the market with around 31.0% of share in 2021. The procedures for fat reduction of the abdomen have displayed positive clinical outcomes when performed using advanced liposuction procedures.
· Plastic surgery & cosmetic clinics as end-users held a higher share in the liposuction market by a value of 62.7% in 2021.
· Latin America is slated to be a leading region with a value share of 30.6% at the end of the forecast period on the back of growing medical tourism and availability of cost-effective cosmetic surgical procedures
“With rising adoption of minimally invasive liposuction procedures and prevalence of obesity across the globe, the market is expected to witness growth at an exponential rate over the forecast period,” says an analyst of Future Market Insights.
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Market Competition
Recognition, acquisitions, expansion, development of an extensive product and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in
different geographies. The market for liposuction devices is fragmented, thus providers are employing growth tactics such as R&D investment to stay competitive.
· In 2021, Alma Lasers introduced the Alma PrimeX™ platform for skin tightening procedures and body contouring.
· Apyx Medical Corporation announced the publication of two distinct peer-reviewed studies in the journal Dermatological Reviews in October 2020, which add to the growing body of clinical evidence supporting the use of Renuvion (liposuction device).
Key Market Segments:
By Procedure Type:
- Manual Liposuction
- Ultrasound-Assisted Liposuction
- Power-Assisted Liposuction
- Laser-Guided Liposuction
By Anatomy:
- Abdomen
- Upper arms
- Buttocks
- Calves and ankles
- Chest and back
- Hips and thighs
- Chin and neck
By End-User:
- Hospital Setting
- Ambulatory Surgical Centres
- Plastic Surgery and Cosmetic Clinics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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