PUBLISHER: The Business Research Company | PRODUCT CODE: 1245076
PUBLISHER: The Business Research Company | PRODUCT CODE: 1245076
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“Liposuction Surgery Devices Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liposuction surgery devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liposuction surgery devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The liposuction surgery devices market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
* The impact of higher inflation in many countries and the resulting spike in interest rates.
* The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the liposuction surgery devices market are: Solta Medical, Cynosure Inc., Invasix Ltd., Alma Lasers Ltd., YOLO Medical Inc., InMode Ltd., Sciton Inc., Wells Johnson, Bausch Health, Inmode Group, MicroAire Surgical Instruments, LLC, Jull Surg, Cutera, Inc., and Vaser Lipo.
The global liposuction surgery devices market grew from $1.51 billion in 2022 to $1.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The liposuction surgery devices market is expected to grow to $2.7 billion in 2027 at a CAGR of 12.3%.
The liposuction surgery devices market consists of sales of external ultrasound-assisted liposuction devices and stand-alone liposuction devices. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Liposuction surgery is a procedure in which fat is removed from a specific area of body using suction. This surgery is used for removing the excess body fat using various technologies.
North America was the largest region in the liposuction surgery devices market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liposuction surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main technologies in liposuction surgery devices includes ultrasound-assisted liposuction (UAL), twin cannula-assisted liposuction (TCAL), laser-assisted liposuction (LAL), power-assisted liposuction (PAL), suction-assisted liposuction (SAL), tumescent liposuction, RF-assisted liposuction (RFAL), water-assisted liposuction (WAL), and aspirator devices. The ultrasound-assisted liposuction (UAL) refers to specialized medical device, which employs ultrasonic energy for more selective tissue lipolysis. Ultrasound waves emulsify fat, making it easier to remove it, especially in locations with a lot of fat cells or a lot of fat deposits, such as the chin, neck, cheeks, knees, calves, and ankles. The types of liposuction surgery devices include standalone liposuction surgery devices and portable liposuction surgery devices. They are used in hospitals, ambulatory surgical centers, and cosmetic surgical centers.
Growing beauty consciousness among a large population and increasing demand for liposuction procedures by both men and women significantly contribute to the growth of the liposuction surgery devices market. Unpleasant attention to undesirable fat can lead to body dissatisfaction and psychological problems. To overcome this problem immediately without any diets or exercise, men and women move towards liposuction surgery. For instance, according to April 2022 report published by The Aesthetic society on aesthetic plastic surgery statistics, the overall surgical procedure increased by 54% in 2021 compared with 2020. Furthermore, the total number of body surgery procedures counted to 921,664 in 2021 from 564,303 in 2020, which shows an increase of 63%. Thus, growing beauty consciousness among a large population is expected to increase demand for liposuction surgery devices during the forecast period.
Technological Advancements in skincare are the major key trend in the liposuction surgery devices market. The conventional fat suctioning process is being updated with the inclusion of a wide range of latest technologies such as non-invasive, power, laser, ultrasound, RF, and others to improve the liposuction outcome including skin form and texture. For instance, In January 2022, InMode, an Israel-based provider of innovative medical technologies, launched EVOLVE and EVOLVE, two new non-invasive solutions. EVOLVE is the most advanced hands-free non-invasive thermal body & skin treatments and EVOLVE is an all-in-one hands-free facial reshaping equipment.
In February 2020, PREMIUM Equity Partner, a Germany-based private equity firm, acquired Human Med AG for an undisclosed amount. Through this acquisition, PREMIUM Equity Partner will help in expanding Human Med's portfolio and market. Human Med is a Germany-based manufacturer of medical devices for patented waterjet-assisted liposuction (WAL).
The countries covered in the liposuction surgery devices market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The liposuction surgery devices market research report is one of a series of new reports from The Business Research Company that provides liposuction surgery devices market statistics, including liposuction surgery devices industry global market size, regional shares, competitors with a liposuction surgery devices market share, detailed liposuction surgery devices market segments, market trends and opportunities, and any further data you may need to thrive in the liposuction surgery devices industry. This liposuction surgery devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.