Liposuction Surgery Devices Market is Predicted to Observe a Tremendous Growth, With a CAGR of 11.7% From 2019 To 2026: Grand View Research Inc.

 

The global liposuction surgery devices market size is expected to reach USD 1.2 billion by 2026 at a CAGR of 11.7%, according to a new report by Grand View Research, Inc. Increased awareness regarding new cosmetic treatments in the developed economies, such as North America is one of the major driving factors of the liposuction surgery devices. In addition, integration of modern technology and adoption of technologically advanced surgical devices is fueling market growth.

With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.

The growing demand for cosmetic surgeries across the globe is another driving factor of this market. Lipoplasty is one of the common cosmetic surgeries witnessed in the United States. Annually, more than 3,00,000 liposuction surgeries are operated with an approximate cost of $2000-3500. High disposable income of consumers is another driving factor for the growth of liposuction surgery in North America. These factors are expected to propel the industry growth.

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Suction-assisted lipectomy, power-assisted, ultrasound-assisted, laser-assisted, and RF-assisted are some of the current technologies used in surgeries. Different technologies are used based on the patient’s body characteristics and cosmetic surgeon’s preference. The right use of technology will bring a better outcome to the lipoplasty surgery.

Liposuction Surgery Devices Market Report Highlights

·         The standalone segment accounted held a dominant share of the liposuction surgery devices market in 2018 in terms of revenue. Easy usage, convenience, and growing innovations in the devices are expected to propel the segment growth in the coming years

·         Growing number of qualified & trained cosmetic surgeons, and practitioners are encouraging patients to opt for such cosmetic surgeries.

·         Laser-assisted liposuction (LAL) segment held a significant share of the market due to the increasing adoption owing to its benefits, such as a quick and effective way of removing body fat.

·         Key players of the market include Solta Medical, Cynosure Inc., Sciton Inc., Wells Johnson Co, Invasix Ltd, Zeltiq aesthetics Inc, Alma Lasers, Bausch Health, Genesis Biosystems, Inc., Hologic Inc., and YOLO Medical Inc.

In addition, the rising obesity cases are increasing the demand for liposuction surgery. However, minor complications, such as numbness, swelling, bad bruising, and more associated with targeted surgery is hampering market growth. Nonetheless, increasing research and development in the domain and launch of new technologies are expected to overcome these drawbacks.

The companies are focusing on adopting various strategies, such as innovations in the existing technologies, research and development, and increasing awareness for the surgery in untapped regions across the globe. For instance, Save Face is one of the national registers of accredited practitioners, recently launched a consumer awareness campaign on the London Underground in December 2014. The campaign focused on patient awareness regarding aesthetic treatment.

Similarly, Galderma held a global campaign in Monaco to increase safety awareness and educate potential patients to eliminate the myth of unnatural looking for aesthetic treatment. Some of the prominent players in the liposuction surgery devices market include:

·        Solta Medical

·        Cynosure Inc.

·        Sciton Inc.

·        Wells Johnson Co

·        Invasix Ltd

·        Zeltiq aesthetics Inc

·        Alma Lasers

·        Bausch Health

·        Genesis Biosystems, Inc.

·        Hologic Inc.

·        YOLO Medical Inc.

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Grand View Research has segmented the global liposuction surgery devices market based on product type, technology, and region:

Liposuction Surgery Devices Product Type Outlook (Revenue, USD Million, 2015 - 2026)

·         Stand-alone liposuction surgery devices 

·         Portable liposuction surgery devices 

Liposuction Surgery Devices Technology Outlook (Revenue, USD Million, 2015 - 2026)

·         Tumescent liposuction

·         Ultrasound-assisted liposuction (UAL)

·         Laser-assisted liposuction (LAL)

·         Power-assisted liposuction (PAL)

·         BodyJet or Water Assisted Liposuction (WAL)

·         Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.