The liposuction surgery devices market involves medical equipment and aesthetic devices used for fat reduction procedures through suction-assisted lipoplasty. Liposuction surgery allows for body contouring and fat removal from various parts including the abdomen, thighs, buttocks, back, neck, and upper arms. Products in the market comprise liposuction cannulas, powered laser lipolysis systems, ultrasound-assisted liposuction devices, and personal care kits. The growing obesity rates globally have increased the demand for body sculpting, driving the need for liposuction surgery devices.
The Global Liposuction Surgery Devices Market is estimated to be valued at US$ 1.41 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the liposuction surgery devices are Cynosure Inc., Solta Medical, Sciton Inc., InMode Ltd., & Alma Lasers.
These prominent players are focusing on launching new products to consolidate their market position. For instance, in 2022 Cynosure launched the *Contour* PRO RF-powered lipolysis system for minimally-invasive fat reduction procedures.
The growing demand for non-invasive aesthetic treatments among millennials is supporting the growth of the market. procedures like CoolSculpting are gaining traction as they avoid surgical incisions, pain, and scarring related to traditional liposuction. Furthermore, rising medical tourism in low-cost aesthetic destinations is fueling the demand.
Market Key Trends
The key trend gaining traction in the liposuction surgery devices market is the increasing adoption of minimally invasive procedures. Procedures like truSculpt that combine radiofrequency with mechanical massage offer natural-looking fat reduction results with minimal discomfort or downtime. Similarly, laser-assisted and ultrasound-assisted liposuction allow for more precise removal of targeted fat pockets leaving skin tight. Driven by consumer preference for convenient aesthetic treatments, demand for minimally invasive liposuction devices is growing at a fast pace compared to traditional methods.
Porter’s Analysis
Threat of new entrants: High initial capital and expertise required to enter market pose barriers for new players.
Bargaining power of buyers: Buyers have low bargaining power with fewer options but may negotiate on pricing.
Bargaining power of suppliers: Suppliers have moderate bargaining power with established brands having control over pricing and new product developments.
Threat of new substitutes: New non-surgical methods pose threat as substitutes but liposuction still remains gold standard.
Competitive rivalry: Intense competition exists between major players expanding product portfolios and geographical presence.
North America holds largest share of liposuction surgeries market value currently due to factors like increasing aesthetic awareness and rising obesity among population. Asia Pacific region is witnessing fastest growth rate as awareness increases and medical tourism rises in countries like India, Thailand and South Korea.
Geographically, North America currently dominates the liposuction surgeries devices market in terms of value as major share of all cosmetic procedures including liposuction is performed in countries like United States. Within North America, United States accounts for bulk of market revenue as aesthetic industry flourishes. Growing medical tourism along with rising focus on aesthetics is expected to drive the Asia Pacific region to emerge as the fastest growing geographical market for liposuction surgeries devices over forecast period from 2024-2031. Countries like India, Thailand, South Korea are witnessing increasing cosmetic surgeries and this will boost regional market growth.
What Are The Key Data Covered In This Liposuction Surgery Devices Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Liposuction Surgery Devices’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Liposuction Surgery Devices and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Liposuction Surgery Devices Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Liposuction Surgery Devices vendors
FAQ’s
Q.1 What are the main factors influencing the Liposuction Surgery Devices?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Liposuction Surgery Devices companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Liposuction Surgery Devices’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it