Liposuction Surgery Devices Market Trends

Growth Drivers

• Growth in Surgical Procedures Performed – With the need for immediate beauty results, the population adopt surgical procedures for better and faster reactions. Hence, the growing desire to improve the physical appearance is expected to propel the demand of liposuction surgery device in the assessment period. In 2021, around 2 million surgical procedures were performed worldwide.
• Soaring Amount of Money Spent on Beauty Products – The recent beauty statistics of 2022 shows that almost USD 300 are spent on beauty products by the U.S. women every month.
• Increased Preference for Aesthetic Procedures – A statistical data revealed that Americans spent almost USD 15 billion on aesthetic procedures in 2021.
• Prevalence of Unhealthy Images of ‘Ideal Body’ – Rising social media wave among the human population has generated unhealthy images thinking of possessing the ‘perfect zero fat’ figure. Furthermore, the pressure of maintaining the ‘ideal’ body for women is projected to generate the demand for liposuction surgery, and in turn the need for such devices to perform the surgeries, during the forecast period. It has been recorded that almost 90% of women worldwide are unhappy with their body type and resort various techniques to achieve their ideal body type. Also, over 50% of the college going girls feel pressured for being overweight.

Challenges

• High Cost of Liposuction Surgery Device
• Availability of Low-Cost Alternatives
• Rising Concerns about Side-Effects – Although the benefits of liposuction surgery are effective and can be seen immediately, however, in some of the cases the side-effects of liposuction surgery device can stay for lifetime such as discoloration of the treated area. Also, some of the individuals also get lumpy and uneven results with bleeding under the skin and persistent numbness. As a result, these side-effects can pose as a challenge to the market growth.