According to a new report published by UnivDatos Markets Insights, the Liposuction Market is expected to grow at a CAGR of around 11% from 2022-2028. The analysis has been segmented into 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/Country.
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The liposuction market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the liposuction market. The liposuction market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Liposuction market at the global and regional levels.
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Market Overview
Liposuction is a form of invasive surgery in which localized deposits of fat are removed to reshape or reduce one or more areas of the body. The rising consciousness about beauty and the increasing awareness about the side effects of excessive fat on the body attributes to the significant growth of the liposuction market. Furthermore, the market for fat treatment procedures including liposuction is witnessing lucrative growth due to the increasing influence of social media and celebrity endorsements. In addition, rapid urbanization and changing lifestyle preferences such as increasing consumption of fast food are also important reasons for the market growth of liposuction.
Factors such as rapid technological advancement and the rising number of professionals are important factors responsible for the market growth of the liposuction market.
Some of the major players operating in the market include Some of the major players operating in the market include Solta Medical, Cynosure, Sciton, Wells Johnsons Co, YOLO Medical Inc, Apyx Medical, Alma Lasers, InMode Ltd, Genesis Biosystems Inc, and Hologic Inc
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COVID-19 Impact
COVID-19 has a staggering effect and a negative impact on the global economy due to imposed lockdowns and government restrictions. The market for liposuction also had a negative impact. This is mainly owing to the strict regulations of the government to avoid inessential treatment during the pandemic. Further, due to financial constraints, people also avoided cosmetic procedures which resulted in a down surge in the market during the pandemic.
· 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 laser-guided liposuction segment holds a considerable share of the market. The fast and effectiveness of the laser-guided liposuction procedure are important factors in the growth of the segment in the liposuction market.
· 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 a considerable share of the market. Abdominal fat is considered among the most stubborn fat and is responsible for various diseases such as cardiovascular diseases. Furthermore, due to the rise of disposable incomes in developing nations, the investment in abdominal fat reduction procedures increases which also proliferates the market of liposuction procedures.
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Liposuction Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Europe is anticipated to hold a considerable market share during the forecast period. The major factors such as the presence of mature economies such as Germany, France, and the UK in the region are attributed to the significant share of the liposuction market in the region. For instance, as per the Eurostat, the per capita disposable income of Germany accounted for USD 119.45 in 2021.
The major players targeting the market include
· Solta Medical
· Cynosure
· Sciton
· Wells Johnsons Co
· YOLO Medical Inc
· Apyx Medical
· Alma Lasers
· InMode Ltd
· Genesis Biosystems Inc
· Hologic Inc
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Liposuction market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the liposuction market?
• Which factors are influencing the Liposuction market over the forecast period?
• What are the global challenges, threats, and risks in the liposuction market?
• Which factors are propelling and restraining the liposuction market?
• What are the demanding global regions of the liposuction market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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