Dermatology Devices Market Trends

Growth Drivers

• Higher Number of People Living with Acnes and Skin Problems - Acne and other skin issues are treated with laser therapy and light therapies. Moreover, there are other devices such as anti-blemish devices, facial devices, and others to treat acne. Therefore, the rising problem of acne is boosting the demand for dermatological device. The prevalence of Acne Vulgaris, a skin disorder marked by blemishes and deep scars, is 50.9% in women aged 20 to 29 and 26.3% in those aged 40 to 49, as per the statistics of the NIH.
• Rise in the Skin Tightening and Rejuvenation Process - There are various cosmetic treatments that can be performed for skin rejuvenation and skin tightening, Moreover, devices such as dermabrasion ion therapy devices, thermage systems, and others are used for these skin-enhancing procedures. The number of non-surgical procedures, such as derma fillers, skin tightening, skin treatments, and others has increased by over 48% in 2021.
• Launch of Technologically Advanced Dermatological Devices - Innovation of better devices and improvement of technology always create huge opportunities for the dermatology devices market. For instance, in 2021, Casio Computer Co., Ltd. launched the DZ-D100 DERMOCAMERA, which enables the lens to directly touch the skin and get close-up shots of the affected area along with ordinary shots, and it can be all done with the use of a single camera.
• Growing Popularity of Med Spas - As of 2017, there were around 4200 med spas in the United States, and the industry was worth USD 4 billion. Moreover, by the end of 2023, there will be nearly 10,000 med spas which are likely to reach a value of around USD 2o billion.
• Increasing Count of Professional Dermatologist - The higher number of dermatologists will be able to treat a larger pool of patients, which in turn is to boost the demand for dermatological devices. In the United States, there were around 3700 dermatologists practicing.

Challenges

• Risk and Discomfort Associated with Plastic Surgery – Plastic surgery are associated with various severe side effects, including seroma, blood loss, scarring, hematoma, never infection, and deep vein thrombosis. Many people fail to achieve their desired look which leads to disappointment. Moreover, in liposuction surgery, several slits are made, which can be very stressful for the internal organs of the body. in some unfortunate cases, if any perforation reaches an internal organ, it can puncture them and can even lead to death.
• Charges for Cosmetic Treatment Are Exorbitant
• Poor Reimbursement Policies for Cosmetic Treatment