Global Liposuction Device Market To Reach USD 15.01 Billion At A CAGR Of 9.23%

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Laser Assisted Liposuction Devices Acquiring Almost 40% Of Total Revenue Share Of The Global Liposuction Devices Market

The global medical aesthetic device market was USD 7.45 billion in 2016 and is anticipated to reach USD 15.01 billion by 2024, growing at the CAGR of 9.23% over the forecast period. The global liposuction devices market is anticipated to grow at the CAGR of 9% over the forecast period.

Liposuction/Lipectomy/Lipoplasty is used for removal of localized adipose deposits from the patients.Liposuction procedure was formulated in 1972 by two Italian-American surgeons-Doctors Giorgio and Arpad Fischer. However modern liposuction initiated with a presentation in 1982 by Dr. Yves-Gerard Illouz, a French surgeon. Liposuction is relatively “young” procedure in surgical terms but has evolved tremendously and is one of the most popular procedures in aesthetic plastic surgery.For instance, Allergan’s BELKYRA (Deoxycholic Acid) receives marketing authorization in Sweden for the treatment of moderate to severe fullness under the chin (Double Chin). BELKYRA is the only non-surgical injectable treatment for reduction of fullness under the chin that has undergone vigorous clinical evaluation, including four Phase 3 clinical studies involving more than 2,600 patients worldwide.

According to Goldstein Research, global liposuction device market is segmented on the basis of product type, technology and by end-user. Technology segment is further categorized into laser assisted liposuction devices, ultrasound assisted liposuction devices, radiofrequency assisted liposuction devices, water jet assisted liposuction devices and other liposuction devices (suction assisted, power assisted, twin cannula assisted, tumescent liposuction, aspirator devices).Laser assisted liposuction devices dominate the global liposuction devices market by acquiring almost 40% of total revenue share, owing to the benefits through the procedure by attaining smoother and tighter skin.North America is the largest market with 50% market share of global liposuction devices due to huge awareness among the people regarding obesity and health related problems. France and UK are the leaders in liposuction devices market after North America.

“Global Liposuction Device Market Outlook 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry liposuction device manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Liposuction Device Market Segmentation can be classified on the basis of:

 

By Product Type

  • Stand-alone liposuction surgery devices
  • Portable liposuction surgery devices

By Technology

  • Laser Assisted Liposuction Devices
  • Ultrasound Assisted Liposuction Devices
  • Radiofrequency Assisted Liposuction Devices
  • Water Jet Assisted Liposuction Devices
  • Other liposuction Devices (Suction Assisted, Power Assisted, Twin Cannula Assisted, Tumescent Liposuction, Aspirator Devices)

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Cosmetic Surgical Centers

By Geography

  • North America (US, Canada)Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America)Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Liposuction DeviceMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Market Trends, Drivers & Challenges

Although liposuction techniques are on the horizon and available but “holy grail” for body sculpturing is going to be the new industry: noninvasive body contouring. The advent of other technologies like Cryolipolysis is also being employed to decrease small target adipose deposits. Coolsculpt (Zeltiq, Pleasanton, CA, USA) is delivering this technology. New EU rules impact the market of liposuction equipment due to the mandatory coordinated assessment of multinational clinical investigations and increased cooperation between member states in the field of vigilance and market surveillance. Social stigma and lack of proper reimbursement policies with the rare complication of intestinal or organ perforation from the cannula are also the challenges that hamper the liposuction devices market.Rising obese population, widespread awareness about liposuction, increased beauty consciousness and increased number of trained and qualified cosmetic surgeons/practitioners drive the liposuction devices market.

Global Liposuction Device market report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Liposuction Device market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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