Submental fat or a double chin is a major aesthetic concern for many men and women. It is typically caused by factors such as genetics, aging, and weight gain. Excess fat in the chin area is distressing as it makes people look overweight even if they are not. Double chin laser liposuction in NYC is an ideal option to address a sagging chin and drooping jaw line. The procedure involves using laser energy to melt and remove the stubborn fat. This safe and effective procedure is performed using the FDA approved Smartlipo Triplex workstation.
According to a recent report from Data Bridge Market Research, the global submental fat treatment market size is projected to grow at a compound annual growth rate (CAGR) of 13.2% over the forecast period of 2021 to 2028.
Key factors that are expected to accelerate the market growth include
- the rapid rise in prevalence of obesity
- increased demand for minimally invasive procedure across the globe
- increasing public awareness about cosmetic procedures
- availability of advanced and user-friendly products, and
- increased reliability of liposuction procedures
Growing research and development activities and evolution in laser and RF devices and introduction of novel non-invasive technology are likely to create various new opportunities that will impact the market growth during the forecast period, according to the report.
The report also notes that high cost of procedures, requirement of multiple sessions for getting maximum results, increased recovery time, and increased risks associated with the procedure can restrain market growth. The stringent regulations for approval of products is another factor expected to challenge the market’s growth.
The market is segmented on the basis of type, product, end user and distribution channel. By type, the market is divided into invasive, minimally invasive, and non-invasive methods. SmartLipo Triplex laser liposuction, for instance, is a popular minimally invasive procedure to remove the chin fat, firm the jaw line, improve the appearance of neck and rejuvenate your face. On the basis of product, the market is segmented in to surgical rejuvenation, targeted liposuction, laser ablation, others. End users of the market include cosmetic centers, hospitals, dermatology clinics, medical spa, others.
Geographically, the market is divided in to North America (U.S., Canada, Mexico) South America (Peru, Brazil, Argentina, Rest of South America), Europe (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe) Asia-Pacific (APAC) (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific), and Middle East and Africa (MEA) (South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa).
North America leads the submental fat treatment market due to the rapid rise in prevalence of obesity and highly developed health infrastructure. Owing to the rising public awareness about cosmetic procedures and rise in the population within the region, the Asia-Pacific region is expected to expand at a significant growth rate in the forecast period.
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 new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major 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 sales channels are considered while providing forecast analysis of the country data.