Liposuction Devices Market Size, Share & Industry Analysis, By Type (Stand-Alone Liposuction Surgery Devices and Portable Liposuction Surgery Devices), By Application (Hospitals, Ambulatory Surgical Centers and Cosmetic Surgical Centers) Regional Forecast From 2023 To 2030

Updated On: 22 April 2024

LIPOSUCTION DEVICES MARKET REPORT OVERVIEW 

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The global liposuction devices market size was USD 9.266 billion in 2021 and the market is projected to touch USD 15.090 billion by 2028, with a growing CAGR of 7.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the liposuction devices market experiencing lower-than anticipated demand across all regions compared to pre-pandemic levels.

Liposuction is a clinical process that utilizes a suction method to extract fat from explicit zones of the body, such as the buttocks, neck, arms, abdomen, hips and thighs furthermore, liposuction devices also structures these sections as per the consumer desires. Moreover, supplementary terms for liposuction are body contouring and lipoplasty. The liposuction procedure is not usually ruminated as a complete weight loss technique or a weight loss substitute. As if the consumer is on the side of obesity, they are probable to reduce a significant amount of weight through good eating and nutrition habits and physical activities or by bariatric methods, than by going forward with the liposuction procedure. Additionally, the consumer can be liable as a contender for liposuction if they have an excess of too much body fat in explicit areas but, or else the consumer should exhibit a steady body weight.

On the other hand, the liposuction market is diversified by including different types of liposuction devices such as stand-alone liposuction surgery devices and portable liposuction surgery devices. Firstly, stand-alone liposuction surgery device is a piece of equipment that is consumed to extract constituents such as saliva, mucus, blood, and vomit from the airway path in the human body.

Secondly, a portable liposuction device is known for counteracting pulmonary aspiration and smooth the progress of breathing. Furthermore, a liposuction machine or termed as a suction contraption provides an incorporation of tubing kits, collection canisters, and aspirator bacteria filters. Moreover, a consumer can obtain a liposuction device from the availability of varied series of the machine from reliable producers.

COVID-19 Impact: Focus Got Shifted From Liposuction Surgeries to COVID-19 Counteracting

The COVID-19 pandemic had induced harsh and unrelenting implications upon uncountable industries and its market, as COVID-19 virus determinedly grew on a global scale. However, the liposuction devices market accounted major decrease in demand and supply levels for the liposuction surgeries because, numerous and constant researches had been occurring in each pharmaceutical company and sector as to formulate a vaccination and treatment for the COVID-19 virus. Furthermore, only a partial volume of liposuction devices were provided in the market as key concentration was on the understanding and developing approaches to neutralize and stabilize the virus. Moreover, globally the demand for COVID-19 vaccines overpowered and postponed the demand for the liposuction treatments, as COVID-19 cases were at a rise amid that current period.

LATEST TRENDS

"Growing Popularity of Liposuction Stimulates Higher Demand"

The growing popularity of liposuction is due to, the improved and enhanced amount of advertising done within the market and showing the products wide range of benefits and properties. Furthermore, the advertisements attract consumers who were in two minds to go for the surgery by displaying, minimal health risks post the surgery, more desired results can be obtained and with government incentives the cost is significantly reduced. Hence, these attractive offers and properties of the liposuction devices, attract consumers and give rise to higher demand from the hospitals, ambulatory surgical centers and cosmetic surgical centers markets.

LIPOSUCTION DEVICES MARKET SEGMENTATION

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• By Type

Based on type; Stand-alone liposuction surgery devices and portable liposuction surgery devices

Stand-alone liposuction surgery devices is the leading type in this segment

• By Application

Based on application; Hospitals, ambulatory surgical centers and cosmetic surgical centers

Hospitals is the leading application in this segment

DRIVING FACTORS

"Rising Occurrences of Obesity Intensifies Market Growth"

The expanding interest in the consumption of liposuction devices from both male and females is due to, the growing demand for weight reduction procedures. Moreover, this factor is set to create a diverse field of opportunities for the product as to, obesity reduction is associated with high health risks and does boost the demand for liposuction in hospitals and ambulatory surgical centers. Furthermore, the main objectivity of the key players is to aim on enhancing the outcomes of consuming the product and circulating awareness of its outcomes. Hence, more people recognize and stimulate demand through the market. Additionally, this leads towards the liposuction devices market growth.

"Increased Levels of Disposable Income Boosts Market Growth"

Upraises in the market are accounted for due to, the disposable income in consumers from mainly the film fashion industries. Furthermore, these consumers are reliant upon their body figures and appearances and regular usage of product is targeted to augment the demand levels and growth of the market. Moreover, several customers are displaying a trend of medical tourism and begin to explore the liposuction procedure for their desired benefits. Hence, the exhibited customer behavior is anticipated to grow the demand and supply amount of the product, while also boosting the liposuction devices market share.

RESTRAINING FACTORS

"Higher Cost Incurred in Obtaining Latest Product Restrains Market Growth" 

One of the main constraints faced by the market, is the rising expenditure in obtaining, consuming and maintaining the liposuction devices. In continuation, the constant developments and advancements in the product are released to consumers and consumers prefer to purchase latest models of the product to gain the best possible outcomes. Furthermore, purchasing the newer models are costlier and a burden to maintain as it is equipped with sensors and delicate materials, in return costs faced by users is drastically increased. This disadvantage is forecasted to hinder the market growth over the current period.

LIPOSUCTION DEVICES MARKET REGIONAL INSIGHTS

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"European Region Holds the Leading Market Position Due to Government Initiatives "

The European region leads over others in the industry, due to having one of the largest amount of healthcare facilities present and centers. Furthermore, the region consists of the main and renowned companies which positively stimulates the demand for the liposuction procedure, and government incentives towards the healthcare markets help in augmenting demands for such surgeries by consumers.

KEY INDUSTRY PLAYERS

"Key Players Strategize to Increase Awareness of the Product"

The key market players aim to augment the amount of awareness of liposuction in the market due to, the lack of knowledge amongst consumers. Furthermore, as awareness would spread and several users from diverse markets would understand the benefits, applications and outcomes of the liposuction devices and eventually grow demand. Additionally, the key players also advertise the products to increase sales and benefit their market share and position.

List of Market Players Profiled

• Erchonia (U.S.)
• Wells Johnson (U.S.)
• Invasix (U.K.)
• Cutera (U.S.)
• Hamilton thorne (U.S.)
• Nikon (Japan)
• Andrew Technologies (U.S.)
• InMode (Israel)
• Jull Surg (India)
• Lumenis (Israel)
• VCA Laser (China)
• Dr. Glow (India)
• World Healthcare Solution (India)
• Surjeet International (India)
• LaserHeal (India)
• Medical India Controls (India)

REPORT COVERAGE

This report highlights types in the liposuction devices market and the products latest trends along with its driving and restraining factors. Additionally, this report is inclusive of the key industry players and their current strategies and factors displaying the reasoning of why the leading region claims the term.