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Submental Fat Treatment Market 2020 Brief Analysis || Leading Players - F. Hoffmann-La Roche Ltd, Merz Pharma, , Bausch Health, Suneva Medical, Pfizer Inc., Hikma Pharmaceuticals PLC
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Few of the major competitors currently working in the global submental fat treatment market are ALLERGAN, Galderma laboratories, Cleveland Clinic, MEDSTAR HEALTH, Bayer AG, F. Hoffmann-La Roche Ltd, Merz Pharma, , Bausch Health, Suneva Medical, Pfizer Inc., Hikma Pharmaceuticals PLC, Amgen Inc., Alma Lasers, Cutera, Hologic Inc., among others.
This Global Submental Fat Treatment Market business report involves use of latest tools and techniques for researching, analysing and gathering of data and information. This report also includes strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. DBMR team of analysts can provide market data in crude raw excel files pivot tables (Factbook), in the format and style anticipated by clients or can assist in creating presentations from the data sets available in the report. With this Global Submental Fat Treatment Market business report businesses can focus on the data and realities of the Healthcare industry which keeps business on the right path.
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Market Definition: Global Submental Fat Treatment Market
Submental area is the region under the chin. Submental fat is the extra fat grown in underneath the chin and at the front of neck (preplatsymal fat) causing submental fullness. Submental fullness is also known as double chin. This fat accumulates with age, genetic predisposition and obesity. The causes of submental fat could be genetic traits, weight gain or aging. Submental fat is a distressful condition, since it creates consciousness about weight gain in any individual.
Approximately 73% of all the consumers are undergoing dermatological surgeries or cosmetics procedures bother about excessive fat under the chin or neck.
Segmentation: Global Submental Fat Treatment Market
Submental Fat Treatment Market : By Therapy Type
Surgical Rejuvenation
Targeted Liposuction
Laser Ablation
Others
Submental Fat Treatment Market : By Exercises Type
Straight Jaw Jut
Ball Exercise
Tongue Stretch
Neck Stretch
Others
Submental Fat Treatment Market : By End Users
Hospitals
Homecare
Specialty Clinics
Others
Submental Fat Treatment Market : By Distribution Channels
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Others
Submental Fat Treatment Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Submental Fat Treatment Market:
In August 2017, ALLERGAN received marketing approval of Belkyra (deoxycholic acid) injections from the Ministry of Food and Drug Safety. Belkyra is a prescription medicine used for treatment of double chin and associated with submental fat. This grant allows the company for marketing and commercialization of the drug
In June 2015, ALLERGAN acquired KYTHERA Biopharmaceuticals, Inc. for strengthening and attaining leading position in aesthetics market, globally. This agreement includes the acquisition of KYBELLA (deoxycholic acid) injection, a non-surgical treatment of moderate-to-severe convexity or fullness associated with submental fat (double chin), for its development and commercialization. This acquisition will enhance the company’s long term growth in the market
Submental Fat Treatment Market Drivers
Increasing awareness among people about cosmetic procedures for suppressing the submental fat fuels the market growth
Availability of advanced & user-friendly products such as kybella acts as a market driver
Increasing demand of minimally invasive techniques for the management of submental fat is expected to boost the market growth
Anticipation of therapies such as liposuction for removal of excessive submental fat plays a potential driver for market growth
Submental Fat Treatment Market Restraints
The treatment of submental fat includes surgical procedures which are costly in nature; this factor acts as a restraint for this market growth
Possible risks associated with these medical procedures is another factor obstructing this market growth
Stringent regulatory requirements for approval and commercialization of products used for submental fat are challenging factor for this market growth
Competitive Analysis:
Global submental fat treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global submental fat treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Report range-
The report offers Submental Fat Treatment Market share appraisals for regional and global levels
To gain detailed overview of parent market
Information about key drivers, restraints, opportunities, and their impact analysis on the Submental Fat Treatment Market size has been provided.
The study provides an in-depth analysis of the global Submental Fat Treatment Market and current & future trends to elucidate imminent investment pockets.
Identify growth segments and opportunities in the industry
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