NEWARK, Del, June 03, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights, the global liposuction market was valued at over US$4.5 billion in 2021 and is expected to show a value of US$9.1 billion. by the end of 2032, with a projected CAGR of 6.8%.
Rising prevalence of obesity and unwanted body fat across the globe is driving the demand in the market. The growth of the market is also attributed to the increasing adoption of new technical measures and minimally invasive procedures with advancements in control systems.
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Liposuction procedures are gaining traction in all age groups, such as rhinoplasty and breast enhancement. As a result, the increase in obese populations in several regions has paved the way for technologically advanced surgical procedures to be commercialized.
Power-assisted liposuction and laser-guided liposuction are gaining prominence due to faster recovery, reduced hospitalization time, and better patient outcomes. The development of the liposuction market is also supported by the growing popularity of cosmetic surgeries with enhanced functionality, the adoption of minimally invasive surgeries, and the prevalence of stubborn fat accumulation in several parts of the body.
In February 2021, the International Society of Aesthetic Plastic Surgeons released the Top Performing and Surgical Best Countries. The list included South Korea, which is a prime hub for liposuction, rhinoplasty, and blepharoplasty. The United States is said to be popular in liposuction procedures, while Colombia has also shown growth in the number of cosmetic surgeries.
Key insights from market research
Power-assisted liposuction accounted for 41.5% market share in 2021 and is expected to show a CAGR growth of 8.5% during the forecast period.
By anatomy, the abdomen segment led the market with approximately 31.0% market share in 2021. Abdomen fat reduction procedures have shown positive clinical outcomes when performed performed using advanced liposuction procedures.
Plastic and cosmetic surgery clinics as end users held a higher share in the liposuction market worth 62.7% in 2021.
Latin America is expected to be a leading region with a value share of 30.6% at the end of the forecast period thanks to the growth in medical tourism and the availability of cost-effective cosmetic surgeries
“With the increasing adoption of minimally invasive liposuction procedures and the prevalence of obesity globally, the market is expected to grow at an exponential rate during the forecast period,” says an analyst from Future Market Insights .
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Market competition
Recognition, acquisitions, expansion, extensive product development and product launches are the major strategies adopted by manufacturers and integrators to increase the consumer base in
different geographies. The market for liposuction devices is fragmented, which is why vendors 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 separate 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 Covered by Liposuction Industry Research
By type of procedure:
- Manual liposuction
- Ultrasound Assisted Liposuction
- Assisted liposuction
- Laser guided liposuction
By anatomy:
- Abdomen
- The upper arms
- Buttocks
- Calves and ankles
- Chest and back
- Hips and thighs
- Chin and neck
Per end user:
- Hospital environment
- Ambulatory surgery centers
- Plastic surgery and aesthetic clinics
By region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Contents
1. Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
2.3. Inclusions and exclusions
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. USP/Product Features
4.3. Main promotional strategies of manufacturers
4.4. PESTEL analysis
4.5. Porter’s analysis
4.6. Regulatory scenario
4.7. Refund scenario
Full Contents Click here
Report scope
| Attribute | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | US$ million for value |
| Key regions covered | North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa |
| Main countries covered | United States, Canada, Brazil, Mexico, Argentina, Colombia, United Kingdom, Germany, Italy, Russia, Spain, Greece, France, BENELUX, NORDIC, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC countries and South Africa |
| Key Market Segments Covered | by methods, by anatomy, by end user |
| Profiled Key Companies |
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.
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