North America Submental Fat Treatment Market, By Type (Invasive Method and Minimally Invasive and Non Invasive Technology), End User (Cosmetic Centers, Hospitals, Dermatology Clinics, Medical Spa and Others), Distribution Channel (Direct Tender and Retail Sales) – Industry Trends and Forecast to 2030.
North America Submental Fat Treatment Market Analysis and Size
The increasing development of technologically advanced products creates a huge opportunity for the manufacturers as new and advanced technologies offer better ways for treating the fat deposition on various areas such as neck, chin and abdomen. Wide availability of advanced and user friendly products and high reliability on liposuction procedure helped in enhancing the market growth in the forecast period.
Data Bridge Market Research analyses that the submental fat treatment market which is USD 695.52 million in 2022, is expected to reach USD 1970.15 million by 2030, at a CAGR of 13.9% during the forecast period 2023 to 2030. 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.
North America Submental Fat Treatment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Invasive Method and Minimally Invasive and Non Invasive Technology), End User (Cosmetic Centers, Hospitals, Dermatology Clinics, Medical Spa and Others), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Abbvie, Inc (U.S.), Cynosure (U.S.), Candela Corporation (U.S.), Lumenis Be Ltd. (Israel), Alma Lasers (Israel), Cutera (U.S.), Erchonia Corporation (U.S.), Hironic Co. Ltd.(South Korea), InMode (Israel), and BTL (India)
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Market Opportunities
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Market Definition
A double chin, also termed as submental fat, is a common incidence that happens when a layer of fat forms below your chin.Submental fat treatment involves several treatment types such as exercise and drugs that helps to treat or reduce this fat production. A double chin is often related with weight gain. Sometimes, genetics or looser skin due to aging may also cause a double chin.
North America Submental Fat Treatment Market Dynamics
Drivers
- Increasing Product Launches and Developments
There have been increasing product launches by authorized organizations that boost the market growth. For instance, Kybella is the only FDA approved treatment that can recontour and enhance the appearance of moderate to severe submental fullness. Kybella is not surgical and only minimally invasive since it requires an injection. When Kybella is injected into the submental fat beneath the chin, it works by destroying the fat cells there. This leads to a prominent reduction in the fat below the chin. Also, ERCHONIA CORPORATION stated that it received patent for non-invasive fat reduction from target regions by applying low level laser energy externally in 2015. This helps transfer the energy, so the fat is released into the interstitial space. Thus, this factor increases the growth of the market.
- Awareness among the Participants concerning Cosmetic Procedures Prior to Treatment
As anticipated, more female participants (92.5%) than male participants (30%) were aware of BoNT. 85% of the female participants and 30% of the male participants had heard of dermal fillers. 35% of men and 75% of women had some knowledge of hair removal or transplant techniques. Male participants knew less about HIFU (40%) than female individuals (60%) Approximately 55% of the female participants were aware of liposuction compared to 60% of the male participants, and 57.5% and 37.5% of the female participants were aware of mammoplasty compared to 30% of the male participants. 33.3% of people had undergone these operations, a negligible proportion when compared to other cosmetic procedures. These are the factors which drives the market growth.
Opportunities
- Rising Prevalence of Obesity
The increasing incidences of obese patients is making a major impact on the market. Overweight and obesity affect nearly 60% of adults and approximately one in three children (29% of boys and 27% of girls). The occurrence of obesity in men ranged from 4.0% to 28.3% and in women from 6.2% to 36.5%. It has been witnessed that 45% of adults had a normal weight in 2019, slightly more than half (53%) considered overweight. Obesity leads to the fat accumulation in the body which leads to the submental fat. This will increase its treatment demand among the people. Thus, this factor boosts the growth of the market.
- Growing Demand of Mesotherapy
It has been witnessed that mesotherapy is growing in demand over the last few years. Mesotherapy is a minimally invasive procedure that injects small amount of fat-dissolving compounds through numerous sessions. In 2015, the FDA approved deoxycholic acid, an injectable drug used in mesotherapy. It may take 20 or more injections of deoxycholic acid per treatment for treating a double chin. One needs to have six treatments in total and there must be a gap of 1 month between two consecutive treatments. Thus, this factor increases the market growth.
Restraints/Challenges
- Side-Effects of Treatment Drugs
There are various side effects associated with the drugs that are used for treating submental fat. Effects include nerve injury in the jaw, trouble swallowing, injection site problems, which include a collection of blood under the skin or bruising, damage to an artery or vein, hair loss, open sores, damage and tissue cell-death around the injection site and infection. Some patients develop weakness in the facial muscles or sometimes smile becomes uneven. Other symptoms include pain, open sores, redness, or drainage at or from the treatment area. These all factors hamper the growth of the market.
This 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 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 2019, A first laser-based platform called Beautiful was introduced by Alma, a Sisram medical firm, to provide high-quality fat sculpting. This improved the product line and raised sales.
North America Submental Fat Treatment Market Scope
The submental fat treatment market is segmented on the basis of type, 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
End User
- Cosmetic Centers
- Hospitals
- Dermatology Clinics
- Medical Spa
- Others
Distribution Channel
- Direct Tender
- Retail Sales
Submental Fat Treatment Market Regional Analysis/Insights
The submental fat treatment market is analyzed and market size insights and trends are provided by country, type, end user and distribution channel as referenced above.
The countries covered in the submental fat treatment market report are U.S., Canada and Mexico in North America.
The U.S. region is dominating North America submental fat treatment market due to the numerous businesses operating in the market and the rising number of cosmetic centres around the nation. Additionally, there is a high level of aesthetic awareness among the general public in the U.S., which promotes widespread acceptance.
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 like 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 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 submental fat treatment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the submental fat treatment market. The data is available for historic period 2011-2021.
Competitive Landscape and Submental Fat Treatment Market Share Analysis
The 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 submental fat treatment market.
Some of the major players operating in the submental fat treatment market are:
- Abbvie, Inc (U.S.)
- Cynosure (U.S.)
- Candela Corporation (U.S.)
- Lumenis Be Ltd. (Israel)
- Alma Lasers (Israel)
- Cutera (U.S.)
- Erchonia Corporation (U.S.)
- Hironic Co. Ltd. (South Korea)
- InMode (Israel)
- BTL (India)
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