PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1186691
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1186691
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The global liposuction market is expected to grow at a significant rate of around 11% during the forecast period. Liposuction is a plastic surgery procedure that includes sucking fat from various parts of the body, such as the abdomen, hips, thighs, chest, back, calves, ankles, buttocks, upper arms, and neck, allowing fat removal and contouring of these areas. The rising adoption of invasive procedures due to their effectiveness and long-term effect attributes to the growth of the liposuction market. For instance, as per the ISAPS, around 10 million surgical cosmetic procedures were performed globally in 2020, among which around 1.5 million surgeries were performed in the U.S. Moreover, the rising advertisements and changing lifestyles are also contributing factors to the market growth of the liposuction market.
Bausch Health Companies Inc., Cynosure Inc, Sciton Inc., Wells Johnsons Co, YOLO Medical, Apyx Medical, Alma Lasers, InMode Ltd, Genesis Biosystems, and Hologic Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report:
"Amongst Procedure Type, ultrasound-assisted liposuction category to witness higher CAGR during the forecast period"
Based on the procedure type, the market has been categorized into ultrasound-assisted liposuction, power-assisted liposuction, laser-guided liposuction, and others. Among them, the ultrasound-assisted liposuction segment is expected to grow at a considerable rate in the market during the forecast period. The ultrasound-assisted liposuction offers certain benefits such as it removes fat more precisely, effective method in the treatment of fat rolls, increasing skin contractions, and doesn't damage surrounding nerves in the treatment are the important reasons for the higher adoption of laser technology in the area.
"Amongst Application, abdomen segment to hold a higher CAGR during the forecast period"
Based on the application, the market has been categorized into the abdomen, upper arms, buttocks, calves & ankles, chest & back, hips & thighs, and chin & neck. Among them, the abdomen segment holds considerable growth in the market, and it is expected to grow at a significant CAGR during the forecast period. The rising prevalence of obesity and higher abdominal fat increases the risk of various cardiac disorders. Apart from this, the hips & thighs segment also had considerable growth, the rising number of liposuction procedures in the category along with the presence of new technology are the reasons for the growth of the hips & thighs segment. For instance, U-Lipo® is also known as Ultrasound Cavitation Liposuction. The low-frequency ultrasound technology of U-Lipo® allows a predetermined amount of energy to be focused onto the subcutaneous adipose tissue.
"Asia Pacific to witness the fastest growth in the market"
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the rising disposable income of the people along with the increasing social media influence in the region attribute to the growth of the market in the region. For instance, per capita income in India rose from USD 895.18 in 2015 to USD 1167.52 in 2019.
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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
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