Global Dermatology Lasers Market 2019-2023
About this market
The growing demand for laser treatment, including laser skin resurfacing and tightening. Middle-aged people are increasingly experiencing aging anxiety because of the high prevalence of extrinsic signs of aging. Intrinsic aging or chronological aging leads to changes in facial appearance, including the loss of skin elasticity and collagen, decrease in dermal collagen, appearance of lines and wrinkles, and increase in hyperpigmentation. Similarly, extrinsic aging caused by sources such as climate, pollution, stress, and diet results in damage to the dermis, with effects on collagen and elastic fibers. The rise in the middle-aged has encouraged more end-users to offer laser treatment to the middle-aged population. End-users are increasingly purchasing dermatology lasers to meet the demands of the middle-aged population. This is driving the growth of the market. Technavio’s analysts have predicted that the dermatology lasers market will register a CAGR of over 14% by 2023.
Growing awareness about cosmetic procedures among users
Individuals are becoming more consciousness about beauty and their appearance and aware of cosmetic procedures. Such procedures are gaining importance among individuals who want to restore or enhance their natural beauty. Moreover, the availability of cosmetologists with advanced knowledge about new laser techniques in cosmetic dermatology treatments has increased the market growth.
High cost of treatment
Laser treatment is highly expensive, and the treatment cost depends on the type of laser technology used and charges of the hospital, dermatologist clinic, or medical spa. The high cost of the equipment, as maintenance, and materials such as cooling gels and numbing creams used during treatment further adds to the overall cost of treatment. Furthermore, most of the insurance companies do not cover the cost of treatment as it is an elective procedure. The high cost of treatment and the lack of financial assistance from insurance companies hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the dermatology lasers market during the 2019-2023, view our report.
The global dermatology lasers market is moderately concentrated and the market being in growth phase, the competition among companies is intense. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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