Liposuction Surgery Devices Market

Market Overview

The Total Addressable Market (TAM) for liposuction surgery devices market size was valued at USD 2,968.1 million in 2022. It is estimated to reach USD 8,636.3 million by 2031, growing at a CAGR of 12.6% during the forecast period (2023–2031).

Liposuction is a cosmetic procedure that eliminates excess fat deposits from specific body areas to slim and reshapes those areas, enhancing the proportions and contours of your body. The procedure "sucks" fat away from the inner knee, chest, thighs, calves, and back. It also "separates" fat from the thighs, hips, buttocks, abdomen, waist, face, chin, and neck. A liposuction is a form of elective cosmetic surgery that uses suction to remove fat from specific body areas. Most commonly, it is applied to the stomach, neck, thighs, buttocks, back, chin, calves, or arms. A cannula is a term for the device used to extract fat. Out of the many different cosmetic procedures performed today, liposuction surgery stands out as one of the most prominent.

Market Dynamics

Market Drivers

Changing Lifestyle Worldwide

Poor dietary practices and lack of exercise are the root causes of obesity. Obesity is on the rise not only in adults but also in children and teenagers. This is because kids nowadays rarely play outside and instead spend their time indoors with electronics. Regarding diet, most people prefer unhealthy fast food to nutritious whole foods. People's unhealthy diets result from hectic lifestyles and rising stress levels. In addition, Americans are constantly bombarded by advertisements for food, many of which encourage the consumption of unhealthy, high-calorie, high-fat foods and sugary beverages, especially by children. Obesity and being overweight are the leading cause of death in many parts of the world, and these places are home to most of the global population. These factors are expected to drive market growth over the forecast period.

Rising Demand for Cosmetic Surgery

The market for devices used in liposuction surgery is growing for several reasons. Social media influencers state that it is all about looking natural these days. Therefore, both sexes increasingly desire discreet procedures for their cosmetic enhancements. Liposuction/lipectomy remains a popular cosmetic procedure despite the rise of less invasive alternatives. For instance, Allure reported in 2019 that oversized lips, breasts, and other extreme procedures are going the way of the dodo. The current trend is to focus instead on enhancing existing landscapes.

To achieve a more desirable facial contour, more and more people, especially women, are turning to liposuction of the cheeks, chin, and jowls. The fat will be trimmed away precisely and in very small amounts. Fat grafting is predicted to rise in popularity in the coming years, not for simple plumping but for fine-tuning and contouring. As a result of these tendencies, social media stars and models on platforms like YouTube and Instagram have become more symmetrical in body type and proportions. Its explosive rise in popularity is a result of the demand for body contouring. Liposuction can be used for body contouring, but the precise method relies on each case.

Market Restraints

Stringent Reviews by Government Bodies

Specific regulations apply to any product used in cosmetic procedures. The government conducts stringent reviews of all medical devices, but cosmetic surgery tools are among the most closely monitored. Even more so in today's globally interconnected economy, medical device recalls present a significant challenge for the industry. Recalled products in the market for liposuction surgery devices are likely to slow the industry.

For instance, the CoolSculpting Elite System and CoolSculpting System, both manufactured by Zeltiq, were recalled in September 2021. A class action lawsuit has been filed against CoolSculpting Elite System manufacturers AbbVie and Zeltiq Aesthetics. Paradoxical adipose hyperplasia is permanent tissue damage that is the basis of the complaint. Cellular adaptation after CoolSculpting treatment leads to paradoxical hyperplasia or cell growth in the wrong direction.

Market Opportunities

Growing Possibilities in Developing Economies

The market for liposuction surgery devices is expected to grow at a healthy rate over the next few years, especially in developing nations like Brazil, Russia, Mexico, and India. The market benefits from several factors already in motion, including expanding medical tourism industry and the widespread availability of cutting-edge treatments at reasonable prices. Some major factors driving the demand for cutting-edge liposuction surgery products are the presence of a clearly defined regulatory framework established by health agencies and the increasing availability of experienced professionals.

The popularity of liposuction as a cosmetic surgery procedure increased significantly in the years 2020 and 2021. According to results from a worldwide survey conducted by ISAPS, liposuction is the most common form of cosmetic surgery in Mexico. In Brazil, liposuction was among the top five most popular cosmetic procedures in 2019, with 82,347 procedures. As a result, the liposuction surgery devices market is poised to reap significant benefits from the increasing demand for liposuction procedures in developing economies over the next few years.

Regional Analysis

North America Dominates the Global Market

By region, the global liposuction surgery devices market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

North America is the most significant shareholder in the global liposuction surgery devices market and is expected to grow at a CAGR of 12.5% during the forecast period. The rise in disposable income in North America has led to the region's dominance in the global market for liposuction surgery devices. High disposable income, high healthcare spending, a large pool of certified professionals, rising rates of obesity, a robust infrastructure, esthetic facilities, and a large customer base have contributed to the region's thriving liposuction market. Market growth in North America is also anticipated to be driven by several factors, including rising esthetic consciousness and the general public's openness and acceptance of body contouring procedures.

Asia-Pacific is expected to grow at a CAGR of 14% during the forecast period. Market growth in the region is being fueled by several factors, including the high volume of aesthetic procedures performed in the region's three largest economies of South Korea, Japan, and China, as well as the abundance of readily available skilled and trained professionals and the relatively low cost of procedures. The region is experiencing a rise in demand for esthetic procedures due partly to increased working professionals and a high disposable income. In 2020, India had 2,400 cosmetic surgeons, good enough for sixth place worldwide. In addition, growth in the region's markets has been primarily fueled by an uptick in research and development spending by multinational corporations, stated the International Society for Aesthetic Plastic Surgery. The rising demand for liposuction surgery devices in Asia-Pacific is fueled by an increase in the region's aesthetic consciousness, especially among women.

Europe is expected to grow significantly over the forecast period. The European region is highly developed, with many advanced countries with excellent infrastructures and technology to support aesthetic surgeries and patient care. High disposable income, a growing middle class, a rising obesity rate, and easy access to high-quality medical care are just factors fueling economic expansion in this area. Another major factor expected to drive market expansion is the increasing need for cutting-edge diagnostic and therapeutic tools in Europe. Additionally, the market is expected to benefit from the region's comparatively laxer medical device approval process.

Latin America is anticipated to experience the second-fastest growth of any region after the United States for noninvasive and minimally invasive treatments. Reasons for the rapid expansion of this industry include the lower prices at which services like body contouring and laser resurfacing can be found than in North America and Europe. Due to its abundance of highly-trained doctors, modern healthcare facilities, and reasonably priced services, Brazil has become a significant destination for international medical tourists. The market is being propelled by factors such as the growth of the middle-aged population and technological and clinical advancements in aesthetic medicine. However, some Latin American nations are experiencing economic difficulties that may affect consumer spending.

Countries like the United Arab Emirates and Saudi Arabia, with their high purchasing power and thus high living standards, superior medical infrastructure, rising rates of obesity, and growing esthetic consciousness, are driving growth in the cosmetic surgery industry. South Africa has a high obesity rate, with roughly 68% of adult women being obese, 31% of adult men being obese, and 13.3% of children under the age of 5 being obese. Additionally, the market is growing quickly as more people adopt aesthetic procedures to conform to Western beauty standards due to the high standard of living and Western cultural influence in the UAE and Saudi Arabia. The rising popularity of aesthetic treatments and the increased medical tourism has also contributed to the market expansion.

Segmental Analysis

The global liposuction surgery devices market is segmented by product and technology.

Based on the product, the global liposuction surgery devices market is bifurcated into stand-alone liposuction surgery devices and portable liposuction surgery devices.

The portable liposuction surgery devices segment is the highest contributor to the market and is expected to grow at a CAGR of 13% during the forecast period. As the capabilities of portable devices continue to improve, they are becoming an increasingly integral part of personal computing. This equipment is easy to transport and manipulate. The segment demand is anticipated to be driven by reasonable rates and rising technological advancements in portable devices. In addition, rising consumer understanding of these gadgets' advantages is anticipated to drive growth.

The devices in a standalone configuration do not need help from other gadgets to do their jobs. This equipment facilitates liposuction by automating the manual motions involved in the process. They have evolved into standard practice in most medical facilities due to the time they can save during surgery. Smaller cannulae may be used to achieve the same or better esthetic outcomes thanks to recent innovations in the field.

Based on the technology, the global liposuction surgery devices market is bifurcated into tumescent liposuction, ultrasound-assisted liposuction (UAL), laser-assisted liposuction (LAL), power-assisted liposuction (PAL), body jet or water-assisted liposuction (WAL), and Jplasma.

The laser-assisted liposuction (LAL) segment owns the highest market share and is expected to grow at a CAGR of 14.2% during the forecast period. In order to eliminate excess fat, this method employs powerful lasers to melt it into a liquid state. Through a tiny incision in the skin, a surgeon inserts a laser fiber to emulsify fat deposits during laser-assisted lipolysis (LAL). This method combines laser energy to disrupt adipocytes and cannulas to remove the liquefied fat from the treatment area. When compared to conventional liposuction methods, laser lipolysis results in a 50% reduction in blood loss and allows for the removal of about 5 liters of fat from the treatment area (IntechOpen). The FDA approved the first laser lipolysis apparatus (LAL device), a 1064 nm Nd: YAG laser (SmartLipo, Cynosure), in October 2015.

In ultrasound-assisted liposuction, cannulas inserted into the body are given energy by focusing ultrasonic waves on the areas where fat is to be removed. This method is less invasive than traditional liposuction because fat cells are liquefied before removal. A PubMed article analyzing the tissue effects of ultrasound-assisted lipoplasty found that vascular tissues were better preserved when UAL was used. When compared to other liposuction methods, UAL performed under local tumescent anesthesia is a highly advantageous and risk-free procedure with minimal risk of complications.

Recent Developments

• December 2022- A spine surgeon developed a new liposuction technique. OrthoSculpt is a novel method of liposuction created by Steven Cyr, MD, who has dual fellowship training in orthopedic and cosmetic surgery.
• December 2022- BGL announced a new partnership between Synergy Plastic Surgery and Pinnacle Dermatology.