Middle East and Africa 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.
Middle East and Africa Submental Fat Treatment Market Analysis and Size
The number of cosmetic treatments has increased over the previous few years, according to the most recent numbers provided by the American Society of Plastic Surgeons, or ASPS. More than 17.7 million minimally invasive and surgical cosmetic operations were performed in 2018, an increase of about a quarter million from the previous year. In addition, the study found that breast augmentation and liposuction are now popular body-shaping procedures.
Data Bridge Market Research analyses that the submental fat treatment market which is USD 28.011 million in 2022, is expected to reach USD 59.61 million by 2030, at a CAGR of 9.9% 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.
Middle East and Africa 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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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)
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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, also referred to as a "double chin," is a common aesthetic problem. Basically, it is a build-up of fat under the chin. It is brought on by a complex interaction of ageing, genetics, and weight increase. Submental fat can be especially upsetting because it gives the appearance that a person is overweight even when their rest of their body is in excellent form.
Middle East and Africa Submental Fat Treatment Market Dynamics
Drivers
- 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 growth of market.
- Growing popularity of SMF reduction
Submental fat (SMF), which develops as a result of genetics or lifestyle choices and contributes to the loss of chin and jawline definition and an aged or overweight appearance, is a typical area of face aesthetic concern. Excess SMF can also contribute to a poor sense of oneself, adversely affecting psychosocial behaviour. Although liposuction has been the preferred method of treating SMF, it carries the dangers of invasive surgery and may not be an effective solution for many people. Since they require less recovery time and can be employed in a multi-modal approach to create customized treatment programmes to fit a wider range of demands, minimally invasive treatments now available for SMF reduction have grown in popularity. These are the factors which propel the market growth.
Opportunities
- 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. 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 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.
Middle East and Africa 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 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).
Saudi Arabia is dominating the Middle East and Africa region for submental fat treatment market as efforts are made to raise the calibre of cosmetic services, research and development activities are ongoing. Saudi Arabia is able to lead the submental fat treatment market in the Middle East and Africa because manufacturers in the industry provide a variety of goods.
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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