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Dermatology Treatment Devices Market Top Players- Cutera Inc.; Bausch Health Companies Inc.; Sciton, Inc.

12-16-2020 09:14 AM CET | Health & Medicine

Press release from: theinsightpartners.com

Dermatology Treatment Devices Market

Dermatology Treatment Devices Market

The dermatology treatment devices market is expected to reach US$ 8,800.07 million in by2027 from US$ 5,320.73 million in 2019;. The market it is estimated to grow with ata CAGR of 6.7% from 2020- to 2027.
Factors such as rising prevalence of skin issues and technological advancements in dermatology treatment devices are expected to boost the growth of the market. However, the risk of undesirable side effects associated with the use of dermatology treatment devices is likely to hinders the Dermatology Treatment Devices market its growth.
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Dermatology Treatment Devices Market– byProduct Type
• Lasers
• Light Therapy Devices
• Cryotherapy Devices
• Microdermabrasion Devices
• Energy-Based Therapy Devices
• Microneedling
Dermatology Treatment DevicesMarket– by Application
• Skin Resurfacing
• Skin Rejuvenation
• Hair Removal
• Psoriasis
• Scars
• Warts and Skin Tags
• Hyperpigmentation and Vascular Lesions
• Acne
• Tattoo Removal
• Hyperhidrosis
Age-related skin issues such as pigmentation, wrinkles, creases, and acne, as well as burn scars caused during accidents are common among masses. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting ~50 million Americans annually. ~85% of people from the age group of 12–24 experience minor acne problems. The costs associated with the treatment of acne, as well as lost productivity among those receiving treatment for acne, exceeded US$ 1.2 billion in 2013; more than 5.1 million people, primarily children and young adults, and sought medical treatment for acne in the same year. Further, 1 in 10 people develops atopic dermatitis during their lifetime, and the condition affects up to 25% children and 2–3% of adults. Moreover, ~28% women with age less than 25 admit that they regularly worry about their signs of aging, and this number increases to 42% and 54% among those belonging to the age groups 25–34 and 35–44, respectively. In addition, according to a poll conducted by conducted Dermstore with 2,000 women across the US, young women started using products to reduce the signs of aging much sooner than older women. Further, the European Commission (EC) has ranked skin diseases as the fourth most common cause of human illness.
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The prevalence of skin cancer has dramatically increased in the recent years. According to the National Cancer Institute in the US, skin cancer accounts for ~4.6% of the total newly occurring cancer cases in the country. The World Health Organization (WHO) reported the incidence of 2–3 million non-melanoma and 132,000 melanoma cases every year in the world. In addition, according to the Skin Cancer Foundation Statistics, one in every five Americans is likely to develop skin cancer once in their lifetime. These issues require critical medical intervention and appropriate devices for their therapeutic treatment to combat severe condition, which is further likely to propel the growth of the dermatology treatment devices market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

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