Laser Assisted Liposuction Devices Acquiring Almost 40% Of Total Revenue Share Of The Global Liposuction Devices Market

New York, USA, 2018-Dec-06 — /EPR Network/ —  The global medical aesthetic device market was USD 7.45 billion in 2016 and is anticipated to reach USD 15.01 billion by 2024, growing at the CAGR of 9.23% over the forecast period. The global liposuction devices market is anticipated to grow at the CAGR of 9% over the forecast period.

Liposuction/Lipectomy/Lipoplasty is used for removal of localized adipose deposits from the patients. Liposuction procedure was formulated in 1972 by two Italian-American surgeons-Doctors Giorgio and Arpad Fischer. However modern liposuction initiated with a presentation in 1982 by Dr. Yves-Gerard Illouz, a French surgeon. Liposuction is a relatively “young” procedure in surgical terms but has evolved tremendously and is one of the most popular procedures in aesthetic plastic surgery. For instance, Allergan’s BELKYRA (Deoxycholic Acid) receives marketing authorization in Sweden for the treatment of moderate to severe fullness under the chin (Double Chin). BELKYRA is the only non-surgical injectable treatment for reduction of fullness under the chin that has undergone vigorous clinical evaluation, including four Phase 3 clinical studies involving more than 2,600 patients worldwide.

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According to Goldstein Research, Liposuction Device Market is segmented on the basis of product type, technology and by end-user. Technology segment is further categorized into laser-assisted liposuction devices, ultrasound assisted liposuction devices, radiofrequency assisted liposuction devices, water jet assisted liposuction devices and other liposuction devices (suction assisted, power assisted, twin cannula assisted, tumescent liposuction, aspirator devices). Laser-assisted liposuction devices dominate the global liposuction devices market by acquiring almost 40% of total revenue share, owing to the benefits through the procedure by attaining smoother and tighter skin. North America is the largest market with 50% market share of global liposuction devices due to huge awareness among the people regarding obesity and health-related problems. France and the UK are the leaders in liposuction devices market after North America.

“Liposuction Device Market Report, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry liposuction device manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

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Global Liposuction Device Market Segmentation can be classified on the basis of:

By Product Type

• Stand-alone liposuction surgery devices
• Portable liposuction surgery devices

By Technology

• Laser Assisted Liposuction Devices
• Ultrasound Assisted Liposuction Devices
• Radiofrequency Assisted Liposuction Devices
• Water Jet Assisted Liposuction Devices
• Other liposuction Devices (Suction Assisted, Power Assisted, Twin Cannula Assisted, Tumescent Liposuction, Aspirator Devices)

By End User

• Hospitals
• Ambulatory Surgical Centers
• Cosmetic Surgical Centers

By Geography

• North America (US, Canada)Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America)Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Market Trends, Drivers & Challenges

Although liposuction techniques are on the horizon and available but “holy grail” for body sculpturing is going to be the new industry: noninvasive body contouring. The advent of other technologies like Cryolipolysis is also being employed to decrease small target adipose deposits. Coolsculpt (Zeltiq, Pleasanton, CA, USA) is delivering this technology. New EU rules impact the market of liposuction equipment due to the mandatory coordinated assessment of multinational clinical investigations and increased cooperation between member states in the field of vigilance and market surveillance. Social stigma and lack of proper reimbursement policies with the rare complication of intestinal or organ perforation from the cannula are also the challenges that hamper the liposuction devices market. Rising obese population, widespread awareness about liposuction, increased beauty consciousness and increased number of trained and qualified cosmetic surgeons/practitioners driving the liposuction devices market.

“Global Liposuction Device Market Report” has been prepared based on an in-depth market analysis from industry experts. The market analysis report on Liposuction Device Market covers the competitive analysis and current position of major players in the industry. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Liposuction Device market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Lipsouction Device Market is driving due to advancement in mentioned below industries:

Body Contouring Market

Body Contouring Market size is projeLiposuctionvalued at USD 1.2 billion by 2024, growing at a CAGR of 7.1% over the forecast period 2017-2025. The major factors driving the Body Contouring Market is the trend of using the cool sculpting, an FDA-cleared fat freezing procedure.

Liposuction Surgery Devices Market

global liposuction surgery devices market is expected to expand at a CAGR of 7.5%. The growing number of obesity cases, which has tripled itself in 2016 since 1975, is primarily driving the growth of the market.  liposuction surgery devices market is majorly driven by North America accounted for 55% in 2016, backed by the availability of a large number of trained plastic surgeons. Further, APAC is the fastest growing region, with majorly growing in countries such as Singapore, India, Taiwan, Malaysia, South Korea, and Thailand.

Medical Device Market

Medical Devices Market estimated at USD 380.0 billion in 2016, which is estimated to reach USD 532.2 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. geographically, medical devices market is dominated by North America region with nearly 40.0% market share owing to the high investments and presence of major players in the region. Australia Medical Devices Market is expected to reach USD 1.8 billion by 2025, growing at a CAGR of 4.6% over the forecast period 2017-2025. South Korea Medical Device Market is expected to reach USD 5.0 billion by the end of 2025, growing at a CAGR of 6.1% over the forecast period, 2017-2025.

Reprocessed Medical Devices Market

Reprocessed Medical Devices Market is impacting the global medical device market on the account of increase in focus on reducing toxic hospital waste and an increase in inclination of market players towards eco-friendly solutions. Rising global pressure to reduce medical waste for environmental concerns and to decline hospital expenditure, significant demand for reprocessed medical has been observed in recent years, which is likely to boost the growth of Medical Device Reprocessing Market in coming years.