The liposuction surgery devices market is projected to have a valuation of USD 2.9 million in 2023. The market recorded a valuation of USD 2.7 million in 2022.
Over the forecast period, the market is predicted to evolve at a robust CAGR of 11.6%. By 2033, the valuation is expected to be around USD 8.9 million.
Production and Distribution Analysis in the Market
| Attributes | Details |
|---|---|
| Liposuction Surgery Devices Market Value for 2023 | USD 2.9 million |
| Projected Market Value for 2033 | USD 8.9 million |
| Value-based CAGR of Market for 2023 to 2033 | 11.6% |
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The growth of the liposuction surgery devices market in the forecast period is set to outstrip the growth from 2017 to 2022. Advancements in surgical instruments, the growing need of the people for removal of access fat, and other reasons are suggested to contribute to the market's rapid growth.
| Historical CAGR | 7.8% |
|---|---|
| Forecast CAGR | 11.6% |
Short-term Analysis from 2017 to 2022
The liposuction surgery devices market progressed at a positive rate during the historical period of 2017 to 2022. At the start of the historical period in 2017, the value of the market was USD 1.9 million.
The CAGR for the market from 2017 to 2022 was 7.8%. Increasing acceptance of liposuction surgery to combat the threat of excess fat led to a positive upturn for the liposuction surgery devices industry in the historical period. However, challenges were also faced in the form of side effects due to the surgery. At the end of the historical period in 2022, the valuation of the market was USD 2.7 million.
Long-term Analysis from 2023 to 2033
The liposuction surgery devices market is predicted to record an impressive CAGR of 11.6% during the forecast period. By 2033, the market is forecasted to reach USD 8.9 million.
The growth is set to be even more pronounced in the forecast period as compared to the historical period. The improvement in liposuction surgery devices is expected to minimize the risks related to the procedure. The growing obsession with appearances is also conducive to market growth. The problem of obesity, which is considered an epidemic by many, is not going anywhere. People are coming around to liposuction surgery as an option to combat obesity.
The market is divided into two segments: technology and end user. By looking at the segments, it is clear which is the prevalent technological equipment preferred in the market.
Power-assisted liposuction is the most in-demand technology in the liposuction surgery devices industry. In 2022, the power-assisted liposuction technology accounted for 41.4% of the market share.
Power-assisted liposuction provides benefits that differentiate it from traditional liposuction devices. The devices add a small vibration to the cannula, which means there is less physical exertion on the part of the surgeon. The use of less force also means less swelling, bruising, and other minor side effects of the procedure. The recovery is also quicker when a power-assisted liposuction device is used in the procedure.
| Attributes | Details |
|---|---|
| Top Technology | Power-assisted Liposuction |
| Market Share in 2022 | 41.4% |
Cosmetic surgical centers comprise a significant share of end users for the liposuction surgery devices market. In 2022, cosmetic surgical centers accounted for 65.4% of the market share.
The natural end users for liposuction surgery devices are institutions that can perform liposuction surgeries. Thus, most healthcare institutions are the end users of the liposuction surgery devices market. Specialized cosmetic surgical centers that engage in liposuction surgeries obviously need liposuction surgery devices.
| Attributes | Details |
|---|---|
| Top End User | Cosmetic Surgical Centers |
| Market Share in 2022 | 65.4% |
North America and Europe are lucrative regions for liposuction surgery devices. In 2022, North America contributed 25.3% of the market share, while Europe contributed 22.7%.
The United States is a key force in the North American market. Rising demand for cosmetic surgeries is fuelling the demand for liposuction surgery devices market in the country. Europe, Germany, and the United Kingdom are important countries for the liposuction surgery devices industry.
Asia Pacific is a growing market for liposuction surgery devices. The popularity of liposuction surgeries is on the rise in the country. China and India are the leading markets in the region. Another country with potential growth for liposuction surgery devices is Australia.
| Countries | Market Share in 2022 |
|---|---|
| United States | 23.5% |
| China | 16.1% |
| India | 14.2% |
| United Kingdom | 6.8% |
| Australia | 11.5% |
The United States captured a large section of the liposuction surgery devices market in 2022. The country accounted for 23.5% of the market share.
Rising obesity rates are seen as a big threat in the United States. To fight against the threat, many in the country are taking the option of liposuction surgery. Liposuction is one of the most common surgeries in the country. The introduction of innovative technologies and the prevalence of liposuction surgery device companies are also propelling the market in the United States.
The Asia Pacific is fertile ground for the liposuction surgery devices market. China is one of the key reasons for the market expansion. In 2022, China made up 16.1% of the market share.
Several people with higher disposable incomes are growing in China. Coupled with an increasing focus on beauty, Chinese people are getting more fascinated by liposuction surgery. The already vast liposuction surgery devices market is expected to grow rapidly in the country.
Another Asian country with a big market share is India. Improving technology is leading to better healthcare in the country. In 2022, India accounted for 14.2% of the market share.
India is home to robust film and fashion industries. Liposuction surgeries are common among professionals in the fashion and film industries. Thus, the Indian liposuction surgery devices market is growing in size.
Kaesthetics is a Banglaore-based liposuction surgery clinic that uses cutting-edge technology to reduce fat. Its approach to removing fat permanently and treating patients with lipodystrophy syndrome not only reduces the risk of high blood pressure but also eliminates lipomas.
Europe is another region that contributes heavily to the liposuction surgery devices market. The United Kingdom is among the leading countries in the European liposuction surgery devices market. In 2022, the United Kingdom accounted for 6.8% of the share in the market.
Cosmetic procedures are becoming more commonplace in the United Kingdom. Increasing investments into R&D activities is also a boon for the liposuction surgery devices market growth in the United Kingdom.
Australia is another rapidly rising country in the liposuction surgery devices market. In 2022, the country contributed with 11.5% of the market share.
Australia is another country where cosmetic procedures are gaining increasing acceptance. Liposuction surgeries are rising in popularity in the country, according to the Victorian Cosmetic Institute, where Australia spends more than 4% on cosmetic procedures. Thus, the liposuction surgery devices market is witnessing a rapid development.
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The manufacturers of liposuction surgery devices are investing huge amounts into research and development. In the dynamic environment in which the market operates, advancements in technology can help the players get an edge over the competition.
There are several established players in the liposuction surgery devices industry. However, the market is also quite receptive to new entrants. Big multinational companies thrive with small local players. Asia Pacific is particularly a region where local players have made their presence felt.
Recent Developments in the Market
The market is expected to register a CAGR of 11.6% from 2023 to 2033.
Solta Medical, Cynosure Inc., and Wells Johnson Co. are prominent companies in the market.
The value of the liposuction surgery devices market in 2033 is expected to be USD 8.9 million.
Power-assisted liposuction is the leading technology in the market.
The growing need to get rid of excess fat is driving the demand for liposuction surgery.
| Market Value for 2023 | USD 1,468.4 million |
|---|---|
| Market Value for 2033 | USD 2,466.5 million |
| Market Forecast CAGR (2023 to 2033) | 5.30% |
| Expected Market Value in 2023 | USD 1.3 Billion |
|---|---|
| Projected Market Value in 2033 | USD 2.3 Billion |
| Growth Rate (2023 to 2033) | CAGR of 5.8% |
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Liposuction Surgery Devices Market
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