Europe 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, Retail Sales) – Industry Trends and Forecast to 2030.
Europe Submental Fat Treatment Market Analysis and Size
The increasing development of technologically advanced products creates a huge opportunity for manufacturers as new and advanced technologies offer better ways to treat fat depositiin various areas such as neck, chin, and abdomen. Wide availability of advanced and user friendly products and high reliability liposuction procedure helped enhance the market growth in the forecast period.
Data Bridge Market Research analyses a growth rate in the submental fat treatment market in the forecast period 2023-2030. The expected CAGR of submental fat treatment market is tend to be around 13.30% in the mentioned forecast period. The market is valued at USD 438.38 million in 2022, and it would grow upto USD 1190.39 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Europe 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, Retail Sales)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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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
Submental fat treatment involves several treatment types such as exercise and drugs that help to treat or reduce this fat production. A double chin, also termed as submental fat, is a common incidence that happens when a layer of fat forms below your chin. A double chin is often related with weight gain. Sometimes, genetics or looser skin due to aging may also cause a double chin.
Europe Submental Fat Treatment Market Dynamics
Drivers
- Increasing Product Launches and Developments
There has 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 destroys the fat cells. 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.
Opportunities
- Rising Prevalence of Obesity
The increasing incidences of obese patients are 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) in the WHO European Region. In Europe, 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 fat accumulation in the body which leads to the submental fat. This will increase its treatment demand among the people. Thus, this factor boost 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 amounts of fat-dissolving compounds through numerous sessions. In 2015, the FDA approved deoxycholic acid, an injectable drug used in mesotherapy. Treating a double chin may take 20 or more deoxycholic acid injections per treatment. 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 such as nerve injury in the jaw, trouble swallowing, injection site problems, which includes 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. In some patients, they 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 Development
- In 2020, Laser Lipo Ltd. announced the launch of Strawberry lift. It is a surgical or injection free non-invasive application that combines laser and ultrasound for the treatment of submental fat particularly of neck and chin line. This increased their company portfolio and also led to increased revenue.
Europe 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 and Non Invasive Technology
End User
- Cosmetic Centers
- Hospitals
- Dermatology Clinics
- Medical Spa And 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 contaminant type, total count, food type, type, technology, consistency, culture media, customer type, application, end user and distribution channel as referenced above.
The major countries covered in the submental fat treatment market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is anticipated to grow with the highest CAGR in the forecast period due to heavy investments in R&D activities and in the infrastructure for providing and improving medical aesthetic services. Furthermore, several manufacturers in the submental fat treatment market are providing huge range of products which increases the growth of the market.
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. Also, the presence and availability of Europe 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.
Competitive Landscape and Europe 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, Europe 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
Key players operating in the submental fat treatment market include:
- 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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