liposuction surgery device market is anticipated to exhibit a notable CAGR 13.6 % during the forecast period 2029

 Research Nester published a report titled “Liposuction Surgery Device Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global liposuction surgery device market in terms of market segmentation by product type, technology, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global liposuction surgery device market is segmented by end-user into ambulatory surgical centers, hospitals, and cosmetic surgical centers, out of which, the cosmetic surgical centers segment is anticipated to hold the largest market share by the end of 2021, owing to the rising number of cosmetic surgical centers around the globe and the increasing preference for cosmetic surgery procedures by individuals.

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.

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The global liposuction surgery device market is anticipated to exhibit a notable CAGR 13.6 % during the forecast period, i.e., 2021-2029, on account of the increasing concern for obesity amongst individuals, and the rising awareness for obese related diseases, such as diabetes, cardiac arrest, high blood pressure, osteoarthritis, breathing problems, and others, which is raising the need to adopt to liposuction surgical procedures to remove extra body fat. In the statistics by the World Health Organization (WHO), in the year 2019, the registered obese or overweight children below five years of age was around 38.2 million. The growth of the market can further be attributed to the growing beauty consciousness amongst individuals.

Regionally, the global liposuction surgery device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, out of which, the market in North America is estimated to hold the largest market share by the end of 2029, backed by the availability of numerous service providers that offer cosmetic surgery procedures, and the presence of numerous manufacturers in the region that manufactures these devices.

Growing Beauty Consciousness Amongst Individuals and the Rising Need for Cosmetic Surgical Procedures to Drive the Market Growth

Beauty consciousness amongst individuals have been augmented majorly by several social factors, including social media. Moreover, growing awareness for the availability of various cosmetic surgical procedures in various social media platforms and the numerous benefits portrayed for the adoption of such processes, such as minimal health risks, are some of the factors anticipated to drive the market growth. Additionally, increasing research and development in the field of liposuction surgery devices surgical procedures, such as vibration amplification of sound energy at resonance (VASER) liposuction, along with other processes such as suction-assisted, tumescent, ultrasound-assisted, laser-assisted liposuction, and others, are some of the additional factors anticipated to drive the market growth.

However, factors such as the high cost of liposuction surgery devices and the focus of the manufacturers on developing non-surgical devices are expected to operate as key restraint to the growth of global liposuction surgery device market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global liposuction surgery device market which includes company profiling of Cynosure, Inc., Bausch Health Companies Inc. (NYSE: BHC), DEKA M.E.L.A. srl, Candela Medical, AbbVie Inc. (NYSE: ABBV), Alma Lasers, ERCHONIA CORPORATION, Genesis Biosystems, Inc., Inmode Group (NASDAQ: INMD), and Sciton, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global liposuction surgery device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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