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The liposuction devices market by product type is segregated into standalone and portable. The portable liposuction devices accounted for more than USD 760 million in revenue size in the year 2022. The growing preference for minimally invasive procedures aligns with the demand for portable liposuction devices accelerating segment growth opportunities. Portable liposuction devices offer effective results with shorter recovery times and less discomfort to the patients that will impel segment progress. Portable liposuction devices offer the advantage of convenience and accessibility.
As, these devices can be easily transported to different medical settings, allowing procedures to be performed in clinics, medical spas, and outpatient facilities, expanding the reach of liposuction services. Further, advancements in artificial intelligence (AI) and robotics could lead to the integration of these technologies into portable liposuction devices to improve procedural efficiency, precision, and outcomes will foster segmental revenue growth.
Based on technology, the liposuction devices market is classified into tumescent liposuction, laser-assisted liposuction (LAL), ultrasound-assisted liposuction (UAL), power-assisted liposuction (PAL), suction-assisted liposuction (SAL), bodyjet or water assisted liposuction (WAL), and others. The laser-assisted liposuction segment held the largest share in the market and accounted for over 25% market share in the year 2022. Laser-assisted liposuction offers improved precision in targeting specific fat cells. The laser energy can be directed to specific areas, resulting in more precise fat removal and body contouring. In addition, LAL not only breaks down fat cells but also stimulates collagen production in the treated area, leading to potential skin tightening. This dual benefit appeals to patients seeking both body fat reduction and skin improvement. Thus, the aforementioned factors are anticipated to boost laser-assisted liposuction segment over the estimated timeframe.
The liposuction devices market by end-use is subdivided into hospitals, clinics, cosmetic surgical centers, and others. The hospitals segment is predicted to witness the substantial growth at 11.2% CAGR over the estimated timeline. The segmental growth is attributed to the aging demographics, the availability of skilled surgeons, anesthesiologists, and nursing staff will contribute to the demand for liposuction devices in hospitals. Moreover, the growing adoption of minimally invasive treatment options owing to their benefits including shorter hospital stays, faster patient recovery, and reduced risk of complications among hospitals will contribute to the overall market growth.
Further, hospitals are implementing collaborative care models involving multidisciplinary teams, including plastic surgeons, anesthesiologists, dermatologists, and other specialists. This approach ensures comprehensive patient care and improves the utilization of liposuction across different medical specialties thereby, accelerating market revenue growth potential.
The U.S. liposuction devices market accounted for USD 407 million in revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline. Growing demand for cosmetic procedures in order to help individuals to maintain a youthful appearance is predicted to boost market growth potential. As liposuction offers effective fat reduction and body contouring in the obese U.S. population is anticipated to spur the demand for liposuction devices for effective treatment, leading to market growth. Further, the strong presence of industry participants focusing on several innovations and continuous advancements in liposuction devices will propel industry progression.