Liposuction Surgery Devices Market Size, Share & Trends Analysis Report By Product Type (Portable, Standalone), By Technology (LAL, UAL, PAL, WAL), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global liposuction surgery devices market size was valued at USD 2.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030. 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.

Growing beauty consciousness among a large population and increasing demand for liposuction procedures by both men and women are some of the key factors driving the growth of the market. The growing number of cosmetic surgeries across the globe is another driving factor for the growth. Liposuction surgery is gaining popularity due to increasing promotions across social media, minimized health risks due to technological advancements, and better results at reduced costs. Due to the growing trends in non-invasive cosmetic procedures, many consumers prefer undergoing cosmetic surgery to making lifestyle changes, which is expected to contribute to the growth of the market.

Rising demand for liposuction surgery due to better and faster results over following healthy diets and exercises can be accredited to the market growth. The rising desire of consumers to improve their appearance is also expected to propel the demand for these surgeries. For instance, research by the ‘THISISME’ campaign by Allergan studied that, out of 2000 women, 20% desired to look approximately 5 years younger and 41% desired to look fresher and radiant. Hence, the growing trend to maintain a natural look is driving the demand for liposuction surgery, thereby driving the market growth.

Increasing technological enhancements in the liposuction procedure are propelling the growth of the market for liposuction surgery devices. A wide range of advancements has been incorporated into the traditional fat suctioning technique. These advancements include power, laser, ultrasound, and radiofrequency (RF) techniques. Each technology has its own set of advantages and complications. Increasing awareness about these advancements among surgeons as well as consumers is expected to contribute to the growth of the market for liposuction surgery devices.

Product Type Insights

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. Owing to the integration of multiple modalities in a compact system, these devices are predicted to gain significant popularity among surgeons across the globe, thereby propelling their demand.

Technology Insights

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. In addition, LAL does not require a hospital stay for the patients as it allows the patients to return to normal life in a few days. Improved efficacy and safety features of laser-assisted liposuction compared to the traditional method are driving the growth of the segment.

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. Moreover, various benefits such as better aesthetic results and skin retraction, reduced fatigue, less blood loss, and less recovery time are also anticipated to contribute to the growth of the overall market in the forthcoming years.

Regional Insights

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. Growing awareness for obesity and related health conditions in the region is also propelling the demand for targeted surgery, thereby driving the market growth.

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. Increased disposable income and rising demand for targeted surgery within the fashion and film industry are expected to fuel the regional market growth. Also, medical tourism and the growing healthcare industry in the region are propelling the growth of the market for liposuction surgery devices.

Key Companies & Market Share Insights

The key market players include Cynosure Inc.; Sciton Inc.; Wells Johnson Co; Invasix Ltd; and Zeltiq aesthetics Inc. These players are focusing on adopting various strategies, such as innovations in the existing technologies, R&D, and creating awareness in untapped regions. For instance, In July 2020, Solta Medical released the Thermage FLX system, an RF device designed to tighten the skin. It also features a vibrating handpiece and a larger treatment tip that can shorten treatment time by 25%. Similarly, In October 2020, InMode Ltd. announced the launch of Morpheus8 Body Multi-pulse Burst Radiofrequency Vulcanization Technology. This system was expected to assist in forming crosslinks between long collagen fiber molecules and strengthen the overall skin-adipose scaffold. Some of the prominent players operating in the global liposuction surgery devices market are:

• Alma Lasers

• Solta Medical

• InMode

• Apyx Medical Corporation

• Genesis Biosystems, Inc.

• Cynosure Inc.

• MicroAire Surgical Instruments, LLC

Liposuction Surgery Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this report, Grand View Research has segmented the global liposuction surgery devices market report based on product type, technology, and region:

• Product Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Stand-alone Liposuction Surgery Devices 

  • Portable Liposuction Surgery Devices 

• Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • 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 Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • India

    • Japan

    • China

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE