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, the integration of modern technology and the adoption of technologically advanced surgical devices is fueling market growth.
The global liposuction surgery devices market was valued at USD 2.5 billion in 2021 and is predicted to hit around USD 7.4 billion by 2030, growing at a CAGR of 12.2% from 2022 to 2030.
Growth Factors
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, the integration of modern technology and the adoption of technologically advanced surgical devices is fueling market growth.
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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 $2000-3500. The high disposable income of consumers is another driving factor for the growth of liposuction surgery in North America. These factors are expected to propel industry growth.
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The COVID-19 pandemic has had a considerable impact on the market. Restrictions on movement and stay-at-home orders are helping reduce the spread of COVID-19. It has created obstacles in medical device manufacturing as the supply chains are disrupted due to the restrictions on borders. Also, the shift of focus from liposuction surgery devices to medical devices used for COVID-19 treatment has resulted in unintended consequences that may potentially disrupt the growth of the market.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 7.4 billion by 2030 |
| Growth Rate | CAGR of 12.2% From 2022 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product type, Technology |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Solta Medical; Cynosure Inc.; Sciton Inc.; Wells Johnson Co; Invasix Ltd; Zeltiq aesthetics Inc.; Alma Lasers; Genesis Biosystems, Inc.; YOLO Medical Inc.; InMode Ltd.; Apyx Medical Corporation; MicroAire Surgical Instruments, LLC |
By Product Type Analysis
By product type, the market is categorized into portable and standalone liposuction surgery devices. The portable liposuction surgery devices segment is expected to expand at the fastest CAGR of 12.9% over the forecast period.
The segment held the largest share of about 61% in 2021, owing to the ease of use of these products. Reasonable rates and rising technological advancements are also promoting growth.
Growing awareness about the benefits offered by these devices is also driving their demand. Portable liposuction surgery accessories are convenient to use. They are well organized and can be easily plugged in and operated in surgeries.
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By Technology Analysis
The laser-assisted liposuction (LAL) segment dominated the market with a 22% revenue share in 2021. It is expected to continue leading over the forecast period owing to the increased adoption of the technology due to its benefits such as a quick and effective way of removing body fat.
The ultrasound-assisted liposuction (UAL) segment on the other hand is expected to register a significant CAGR of 12.1% over the forecast period. The main factor driving the growth of the segment is the integration of ultrasound technology in modern lasers.
By Regional Analysis
North America dominated the market with 36.14% of the revenue share in 2021 owing to the increased adoption of modern technologies and the presence of numerous industry players in the region. The rising demand for fat loss solutions due to the high prevalence of obesity is expected to drive the demand for liposuction surgery.
The Asia Pacific region is anticipated to register at a faster CAGR of 13.9% over the forecast period. The increased awareness among people about the benefits of liposuction is contributing to the growth of the region.
Key Players
- Alma Lasers
- Solta Medical
- InMode
- Apyx Medical Corporation
- Genesis Biosystems, Inc.
- Cynosure Inc.
- MicroAire Surgical Instruments, LLC
Market Segmentation
- By Product Type
- Stand-alone Liposuction Surgery Devices
- Portable Liposuction Surgery Devices
- By Technology
- Tumescent Liposuction
- Ultrasound-assisted Liposuction (UAL)
- Laser-assisted Liposuction (LAL)
- Power-assisted Liposuction (PAL)
- BodyJet or Water Assisted Liposuction (WAL)
- Jplasma
- Others
- Suction-Assisted Liposuction
- Twin Cannula-Assisted Liposuction
- RF-Assisted Liposuction
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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