Liposuction Market: Current Analysis and Forecast (2022-2028)
Emphasis on Procedure Type (Ultrasound-Assisted Liposuction, Power-Assisted Liposuction, Laser-Guided Liposuction, and Others); Application (Abdomen, Upper Arms, Buttocks, Calves & Ankles, Chest & Back, Hips & Thighs, and Chin & Neck); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
The global liposuction market is expected to grow at a significant rate of around 11% during the forecast period. Liposuction is a plastic surgery procedure that includes sucking fat from various parts of the body, such as the abdomen, hips, thighs, chest, back, calves, ankles, buttocks, upper arms, and neck, allowing fat removal and contouring of these areas. The rising adoption of invasive procedures due to their effectiveness and long-term effect attributes to the growth of the liposuction market. For instance, as per the ISAPS, around 10 million surgical cosmetic procedures were performed globally in 2020, among which around 1.5 million surgeries were performed in the U.S. Moreover, the rising advertisements and changing lifestyles are also contributing factors to the market growth of the liposuction market.
Bausch Health Companies Inc., Cynosure Inc, Sciton Inc., Wells Johnsons Co, YOLO Medical, Apyx Medical, Alma Lasers, InMode Ltd, Genesis Biosystems, and Hologic Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Procedure Type, ultrasound-assisted liposuction category to witness higher CAGR during the forecast period”
Based on the procedure type, the market has been categorized into ultrasound-assisted liposuction, power-assisted liposuction, laser-guided liposuction, and others. Among them, the ultrasound-assisted liposuction segment is expected to grow at a considerable rate in the market during the forecast period. The ultrasound-assisted liposuction offers certain benefits such as it removes fat more precisely, effective method in the treatment of fat rolls, increasing skin contractions, and doesn’t damage surrounding nerves in the treatment are the important reasons for the higher adoption of laser technology in the area.
“Amongst Application, abdomen segment to hold a higher CAGR during the forecast period”
Based on the application, the market has been categorized into the abdomen, upper arms, buttocks, calves & ankles, chest & back, hips & thighs, and chin & neck. Among them, the abdomen segment holds considerable growth in the market, and it is expected to grow at a significant CAGR during the forecast period. The rising prevalence of obesity and higher abdominal fat increases the risk of various cardiac disorders. Apart from this, the hips & thighs segment also had considerable growth, the rising number of liposuction procedures in the category along with the presence of new technology are the reasons for the growth of the hips & thighs segment. For instance, U-Lipo® is also known as Ultrasound Cavitation Liposuction. The low-frequency ultrasound technology of U-Lipo® allows a predetermined amount of energy to be focused onto the subcutaneous adipose tissue.
“Asia Pacific to witness the fastest growth in the market”
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the rising disposable income of the people along with the increasing social media influence in the region attribute to the growth of the market in the region. For instance, per capita income in India rose from USD 895.18 in 2015 to USD 1167.52 in 2019.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global liposuction market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Liposuction Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global liposuction market were the three major steps undertaken to create and analyze the adoption of liposuction in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global liposuction market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the liposuction market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the liposuction market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as clinical area and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the liposuction market. Further, we conducted factor analysis using dependent and independent variables such as the procedure type and application of liposuction. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Liposuction market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global liposuction market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the liposuction market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Liposuction market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global liposuction market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas type and clinical area in the global Liposuction market.
The main objective of the Global Liposuction Market Study
The current & future market trends of the global liposuction market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the liposuction market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the procedure type and application.
- Define and analysis of the regulatory framework for the liposuction industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the liposuction market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Liposuction market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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