Liposuction is a procedure that surgically removes fat deposits from specific parts of the body such as abdomen, thighs, buttocks, hips, arms, and neck. The procedure can be both invasive and non-invasive. The invasive method involves the use of a small, hollow tube called a cannula that removes the excess fat present in the body. The non-invasive method uses devices that are applied to the skin over the treatment areas. The invasive liposuction procedures employ laser assisted, twin-cannula assisted, and ultrasound assisted techniques. The non-invasive treatments include radio frequency, laser energy, ultrasound, and cold-based techniques.
Technavio’s analysts forecast the global liposuction market to grow at a CAGR of 8.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global liposuction market for 2016-2020. The market size was calculated on the basis of the techniques involved in liposuction procedures globally.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Liposuction Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Liposuction Market: Cynosure, Erchonia, Genesis Biosystems, Valeant Pharmaceuticals, and Alma Lasers.
Other Prominent Vendors in the market are: AART,Andrew Technologies, BTL Industries, Cutera, HCBeauty, Human med, InMode, Invasix Aesthetic Solutions, Jull Surg, Lumenis, Mentor Worldwide, Sciton, Syneron Medical, VCA Laser, Wells Johnson Company, YOLO Medicals, and ZELTIQ Aesthetics.
Commenting on the report, an analyst from Technavio’s team said: “Rising medical tourism initiatives are also helping in the growth of liposuction procedures, which use a wide variety of devices. This trend is helping the device providers, especially in APAC countries such as Singapore, India, Taiwan, Malaysia, South Korea, and Thailand. These countries have witnessed an increase in the number medical tourists as the procedures are cheaper in APAC compared to the Americas and Europe.”
According to the report, a key driver in the liposuction market is the growing number of obese and overweight people worldwide. These health conditions are attributed to overeating, genetics, physical inactivity, and psychological factors. If obesity is not treated at the early stages, it may lead to diabetes, high blood pressure, heart failure, stroke, cancer, osteoarthritis, and gout. Liposuction is the most preferred method for body fat reduction in overweight and obese people.
Further, the report states that there are several side effects associated with liposuction procedures such as shock, fluid overload, fat embolism, bleeding, blood clots, burns, scarring, uneven fat removal, drug reactions, and even death. These constitute a major setback for the liposuction market, particularly for the device providers.
Cynosure, Erchonia, Genesis Biosystems, Valeant Pharmaceuticals, Alma Lasers, AART,Andrew Technologies, BTL Industries, Cutera, HCBeauty, Human med, InMode, Invasix Aesthetic Solutions, Jull Surg, Lumenis, Mentor Worldwide, Sciton, Syneron Medical, VCA Laser, Wells Johnson Company, YOLO Medicals, ZELTIQ Aesthetics.
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