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Global Submental Fat Treatment Market – Industry Trends and Forecast to 2031

Pharmaceutical

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Global Submental Fat Treatment Market – Industry Trends and Forecast to 2031

  • Pharmaceutical
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Submental Fat Treatment Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 438.38 USD Million
Diagram Market Size (Forecast Year) USD 1,190.39 USD Million
Diagram CAGR %

Major Markets Players

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Global Submental Fat Treatment Market, By Type (Invasive Method, Minimally Invasive, Non Invasive Technology), Product (Surgical Rejuvenation, Targeted Liposuction, Laser Ablation, Others), End User (Cosmetic Centers, Hospitals, Dermatology Clinics, Medical Spa, Others), Distribution Channel (Direct Tender, Retail Sales) – Industry Trends and Forecast to 2031.

 Submental Fat Treatment Market

Submental Fat Treatment Market Analysis and Size

In the submental fat treatment market, innovative applications such as injectable treatments and non-invasive procedures offer effective solutions for reducing submental fat, addressing demand for non-surgical alternatives. This market segment benefits from advancements in cosmetic technology, catering to individuals seeking minimally invasive options for enhancing facial aesthetics.              

Data Bridge Market Research analyses that the global submental fat treatment market is expected to undergo a CAGR of 13.2% during the forecast period of 2024 to 2031. This indicates that the market value. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Submental Fat Treatment Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Segments Covered

Type (Invasive Method, Minimally Invasive, Non Invasive Technology), Product (Surgical Rejuvenation, Targeted Liposuction, Laser Ablation, Others), End User (Cosmetic Centers, Hospitals, Dermatology Clinics, Medical Spa, Others), Distribution Channel (Direct Tender, Retail Sales)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

AbbVie.  (Ireland), Candela Corporation (U.S.), Cynosure LLC (U.S.), Lumenis Be Ltd. (Israel), Inmode Ltd (U.S.), Cutera Aesthetics (U.S.), Bausch Health Companies Inc. (U.S.), Erchonia Corporation (U.S.), ALASTIN Skincare (U.S.), ThermiGen, LLC. (U.S.), BTL (Czech Republic), Alma Lasers (Israel), HIRONIC CO., LTD. (South Korea), ENDYMED (Israel)

Market Opportunities

  • Rising Prevalence of Obesity Leads to Adoption of Submental Fat Treatments
  • Increasing Product Launches and Developments Attract Consumers

Market Definition

Submental fat treatment, also known as double chin reduction, employs techniques such as liposuction, injections, or laser therapy to target and eliminate excess fat beneath the chin. Through contouring the jawline and reducing submental fullness, these procedures enhance facial aesthetics and improve overall appearance with minimal downtime.            

Global Submental Fat Treatment Market Dynamics

Drivers

  • Growing Popularity of SMF Reduction

The growing popularity of submental fat (SMF) reduction stems from its adverse impact on facial aesthetics and psychosocial well-being. While liposuction poses risks and limitations, minimally invasive treatments offer customizable solutions with shorter recovery periods, catering to diverse needs and fostering widespread adoption in addressing SMF concerns.

  • Rising Awareness about Dermatological Procedures Fosters Growth

Rising dermatological procedures are driven by increasing awareness, with 53.5% of respondents recognizing dermatologists as performing such procedures. Around 59.4% are aware of treatments such as chemical peels, hair transplants, Botox, and laser hair removal. Despite concerns, 53.5% believe these procedures would be accepted in society, fostering market growth.

Opportunities

  • Rising Prevalence of Obesity Leads to Adoption of Submental Fat Treatments

The escalating global obesity epidemic, impacting nearly 60% of adults and one in three children, is driving demand for submental fat treatments. As 53% of adults are overweight and 45% maintain a normal weight, the prevalence of obesity-related fat accumulation fuels market growth, prompting increased interest in submental fat treatment solutions.

  • Increasing Product Launches and Developments Attract Consumers

Increasing product launches and developments drive growth in the submental fat treatment market. With advancements in technology and formulation, new treatments offer improved efficacy and safety, attracting both consumers and healthcare providers. This expansion of options stimulates market growth and fosters innovation in the field of aesthetic medicine. 

Restraints/Challenges

  • Side-Effects of Treatment Drugs

The numerous side effects associated with submental fat treatment drugs, including nerve injury, swallowing difficulties, injection site complications, hair loss, facial muscle weakness, and infection, deter market growth. Concerns over safety and potential adverse reactions discourage adoption, impacting patient confidence and market expansion adversely. 

  • High Cost of Procedure Harm Market Expansion

The submental fat treatment market faces a formidable challenge due to the prohibitive costs of procedures, restricting access for numerous individuals seeking non-invasive solutions. This financial barrier hampers market expansion, impeding the widespread adoption of innovative treatments within the specialized aesthetic industry segment dedicated to addressing submental fat concerns. 

This global submental fat treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global submental fat treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In 2022, AirSculpt Technologies Inc. launchd AirSculpt Smooth, an FDA-cleared, minimally invasive cellulite removal procedure. Paired with their standard AirSculpt treatment, it offers a one-time solution. This innovation enhances their offerings, catering to aesthetic concerns with advanced technology, potentially expanding their market reach
  • In 2022, CUTERA INC. and Synchrony entered an exclusive partnership, aiming to broaden patient financing options for dermatology practices across the U.S. Through collaborating with Synchrony, a consumer payment and financing solutions provider, CUTERA INC. seeks to enhance accessibility to dermatological treatments, potentially increasing patient uptake
  • In 2020, Laser Lipo Ltd. Launched Strawberry Lift, a non-invasive solution for submental fat reduction, using a blend of laser and ultrasound technology. This innovation expands their product portfolio, offering patients a surgical-free alternative. The launch probable to improved company revenue by meeting growing demand for non-invasive aesthetic treatments

Global Submental Fat Treatment Market Scope

The global submental fat treatment market is segmented on the basis of type, product, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Invasive Method
  • Minimally Invasive
  • Non Invasive Technology

 Product

  • Surgical Rejuvenation
  • Targeted Liposuction
  • Laser Ablation
  • Others

 End User

  • Cosmetic Centers
  • Hospitals
  • Dermatology Clinics
  • Medical Spa
  • Others

Distribution Channel

  • Direct Tender
  • Retail Sales

Global Submental Fat Treatment Market Regional Analysis/Insights

The global submental fat treatment market is analysed and market size insights and trends are provided by country, type, product, end user and distribution channel and test as referenced above.

The countries covered in the global submental fat treatment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the submental fat treatment market, driven by its high obesity rates and advanced healthcare infrastructure. The region's robust demand for cosmetic procedures, coupled with technological advancements, contributes to its leadership in this niche market.

Asia-Pacific region is expected to expand at a significant growth rate in the submental fat treatment market from 2024 to 2031 due to increasing awareness of cosmetic procedures and a rising population, fostering demand for aesthetic enhancements in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The global submental fat treatment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global submental fat treatment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global submental fat treatment market. The data is available for historic period 2016-2021.

Competitive Landscape and Global Submental Fat Treatment Market Share Analysis

The global submental fat treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global submental fat treatment market.

Some of the major players operating in the global submental fat treatment market are:

  • AbbVie.  (Ireland)
  • Candela Corporation (U.S.)
  • Cynosure LLC (U.S.)
  • Lumenis Be Ltd. (Israel)
  • Inmode Ltd (U.S.)
  • Cutera Aesthetics (U.S.)
  • Bausch Health Companies Inc. (U.S.)
  • Erchonia Corporation (U.S.)
  • ALASTIN Skincare (U.S.)
  • ThermiGen, LLC. (U.S.)
  • BTL (Czech Republic)
  • Alma Lasers (Israel)
  • HIRONIC CO., LTD. (South Korea)
  • ENDYMED (Israel)


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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

North America dominates the submental fat treatment market, driven by its high obesity rates and advanced healthcare infrastructure.
The growth rate of the submental fat treatment market is 13.2% in the forecast by 2031.
The growing popularity of SMF reduction & rising awareness about dermatological procedures are the growth drivers of the submental fat treatment market.
Type, product, end user and distribution channel are the factors on which the submental fat treatment market research is based.
Major companies in the submental fat treatment market are AbbVie. (Ireland), Candela Corporation (U.S.), Cynosure LLC (U.S.), Lumenis Be Ltd. (Israel), Inmode Ltd (U.S.), Cutera Aesthetics (U.S.), Bausch Health Companies Inc. (U.S.), Erchonia Corporation (U.S.), ALASTIN Skincare (U.S.), ThermiGen, LLC. (U.S.), BTL (Czech Republic), Alma Lasers (Israel), HIRONIC CO., LTD. (South Korea), ENDYMED (Israel).
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