Liposuction Market Poised for Growth USD 10278.5 Million by 2034 at 6.8% CAGR

Liposuction Market

               Liposuction Market

The liposuction market is poised for substantial growth, with an estimated valuation of USD 5,323.7 million in 2024 projected to surge to USD 10,278.5 million by 2034. This impressive growth trajectory signifies a robust compound annual growth rate (CAGR) of 6.8% over the forecast period, driven by advancements in cosmetic surgery techniques and increasing demand for body contouring procedures worldwide.

This robust growth highlights the increasing demand for liposuction procedures driven by advancements in cosmetic surgery, rising disposable incomes, and growing aesthetic consciousness among individuals worldwide. Liposuction, a popular cosmetic procedure to remove excess fat, has seen significant improvements in techniques and technologies, making it safer and more effective.

The market’s expansion is also fueled by the growing acceptance of minimally invasive procedures and the rising trend of body contouring. As more people seek to enhance their physical appearance, the demand for liposuction is set to surge.

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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.

Competitive Landscape:

Prominent liposuction producers are concentrating on expanding geographically in order to increase their revenue and increase the size of their sales footprint in developing nations through the purchase of regional competitors.

Important players create and develop tools and methods to help with liposuction treatments and carry out the OT in an economical manner. To guarantee improved treatment outcomes, these devices provide therapy success monitoring in addition to secretion control during the operations.

Manufacturers employ several methods such as strategic growth, new launches, alliances, and research sponsorship to enhance product sales and establish their market position.

  • Hologic, Inc., opened its innovation centre in Aix-en-Provence, France in March 2022. The new commercial office facility aims to support Hologic’s interventional, ultrasound and 4surgical solutions across the spectrum of breast health care.
  • YOLO Medical Inc., in June 2017, announced their flagship device “CURVE” received FDA market clearance as an innovative body contouring laser system.

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Key Companies Profiled:

  • SOLTA MEDICAL (Bausch Health Companies, Inc.)
  • Cynosure Inc
  • Sciton Inc.
  • Wells Johnsons Co
  • YOLO Medical
  • Apyx Medical
  • Alma Lasers
  • InMode Ltd
  • Genesis Biosystems
  • Hologic Inc.
  • AbbVie Inc.
  • Sciton Inc.
  • Cynosure Inc.
  • Human Med AG
  • VCA Laser Technology Co. Ltd.

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)

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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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