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The liposuction devices market share is expected to increase by USD 5.85 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.61%.
This liposuction devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers liposuction devices market segmentation by end-user (hospitals, cosmetic surgical centers, and ambulatory surgical centers) and geography (North America, Europe, Asia, and ROW). The liposuction devices market report also offers information on several market vendors, including AbbVie Inc., Alma Lasers GmbH, Bausch Health Companies Inc., Cynosure Inc., Genesis Biosystems Inc., Human Med AG, Sciton Inc., VCA Laser Technology Co. Ltd., Wells Johnson Co., and YOLO Medical Inc among others.
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Liposuction is a surgical procedure that uses a suction technique to remove fat from specific areas of the body, such as the abdomen, hips, thighs, buttocks, arms or neck. Liposuction also shapes (contours) these areas. Other names for liposuction include lipoplasty and body contouring.
The increasing number of skilled cosmetic surgeons is notably driving the liposuction devices market growth, although factors such as complications associated with liposuction procedures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liposuction devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Liposuction Devices Market Driver
One of the key factors driving the global liposuction devices market growth is the increasing number of skilled cosmetic surgeons. Many people are opting for liposuction to remove stubborn fat from specific parts of the body and thus, there has been an increase in the number of skilled plastic surgeons performing cosmetic surgical procedures such as liposuction. For instance, in 2021, approximately 16% of the plastic surgeons performing liposuction procedures were from the US, and 12.64% of the plastic surgeons were from Brazil. Furthermore, many graduates in the field of plastic surgery are undertaking training exclusively in the field of cosmetic surgery. They are undergoing training in non-surgical cosmetic procedures, including liposuction. Cosmetic surgeons are also undergoing training programs to improve their practical skills. Such factors are expected to positively impact the growth of the market in focus during the forecast period.
Key Liposuction Devices Market Trend
Another key factor driving the global liposuction devices market growth is the technological advances in cosmetic surgical equipment. Vendors are focusing on developing new technologies such as power, ultrasound, and laser-assisted devices for large-volume liposuction procedures. They are also focusing on manufacturing smaller and more flexible cannulas that enable physicians to remove fat via incisions that are approximately 4 millimeters in length. Vendors are also introducing new cannulas that use ultrasonic energy surgical devices, laser, or ultrasound energy to break fatty tissue, minimize damage to surrounding tissues, reduce swelling and discomfort, and improve recovery time. For instance, Smartlipo for liposuction treatment is increasingly gaining traction. With the use of ultrasonic energy surgical devices, fat is removed in the liquid form instead of the solid form. Such technological advances will result in patients experiencing lower levels of trauma and will aid in early recovery, which will have a positive impact on the growth of the global liposuction devices market.
Key Liposuction Devices Market Challenge
One of the key challenges to the global liposuction devices market growth is the complications associated with liposuction procedures as they require meticulous planning and expertise for successful execution. Some of the potential risks associated with liposuction procedures include bruising, change in skin sensation, infection, irregular pigmentation, and persistent swelling. Liposuction can also cause damage to deeper structures such as nerves, blood vessels, muscles, lungs, and abdominal organs. In addition, the pieces of loosened fat can become trapped in a blood vessel and gather in the lungs or travel to the brain. The risk of complications increases if the procedure is performed on larger surfaces of the body as the fluids injected and suctioned out will be more in larger areas, thereby causing kidney and heart problems. Such factors are expected to negatively impact the growth of the market in focus during the forecast period.
This liposuction devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global liposuction devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the liposuction devices market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the liposuction devices market encompasses successful business strategies deployed by the key vendors. The liposuction devices market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The liposuction devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the liposuction devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for liposuction devices in North America. Market growth in this region will be faster than the growth of the market in other regions.
The presence of key vendors that offer liposuction devices in developed economies such as Cutera and BodyTite in the US, and Bausch Health and YOLO Medical Inc in Canada will facilitate the liposuction devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 impacted the demand for cosmetic procedures such as liposuction negatively, as the supply chain network for liposuction devices came to a halt. This reduced the sales of liposuction devices in the region and interrupted the manufacturing of liposuction devices. However, after the easing of COVID-19-induced lockdowns, the market started growing as people started seeking elective procedures, including cosmetic procedures. According to the American Society of Plastic Surgeons, more than 15.5 million cosmetic procedures were performed in the US in 2020 alone. The market is expected to grow during the forecast period with the lifting of lockdowns and increasing administration of COVID-19 vaccines.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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