Global Skin Rejuvenation Devices Market was Valued at US$ 1,478 Million in 2017 and is Expected to Grow at a CAGR of 9.3% between 2018 and 2026
Wrinkles, dark circles, facial lines, pigmentation, scars, stretch marks, acne, dry and itchy skin, and age spots are all treated as part of skin rejuvenation. These skin problems are distinguished by thin and dry skin, loss of skin elasticity, loss of subcutaneous fat tissue, and a decrease in sebum production. Microdermabrasion, laser-based methods, intense pulsed light photo rejuvenation, sub surfacing nonablative lasers, fractional resurfacing, and radiofrequency devices are all device-based methods of skin rejuvenation. Depending on the severity of the skin problem, these methods can be used alone or in combination.
Skin Rejuvenation Devices Market provides a non-surgical treatment option for treating the previously mentioned skin problems. They produce visible results in a short period of time and require fewer invasive techniques. Increasing awareness of common skin problems, a desire to improve visual/aesthetic appearance, and lower device costs are all contributing to the widespread use of skin rejuvenation devices to perform skin rejuvenation-related surgeries.
The growing prevalence of skin-related problems, as well as the increasing number of skin aesthetic procedures, will drive the Growth of The Skin Rejuvenation Devices Market. The rising prevalence of skin-related issues such as wrinkles, acne, scars, sun-damaged skin, stretch marks, and hyperpigmentation is leading to increased use of several device-based skin rejuvenation procedures, which is expected to drive growth in the skin rejuvenation device market.
According to a report published in 2017 by the International Society of Aesthetic Plastic Surgery titled Global Aesthetic Survey Results, a total of 2,545,922 skin rejuvenation procedures were performed worldwide. According to the American Society of Plastic Surgeons' 2017 Plastic Surgery Statistics Report, approximately 667,561 and 656,781 intense pulsed light treatments for skin resurfacing procedures were performed in the United States in 2017 and 2016, respectively. According to the same source, approximately 740,287 microdermabrasion procedures were performed in 2017.
The high number of skin rejuvenation procedures is expected to drive the growth of the Skin Rejuvenation Devices Market. However, the lack of reimbursement for skin rejuvenation procedures by insurance companies is expected to limit the procedure's use, stifling market growth. According to the American Society of Plastic Surgeons (ASPS), non-ablative laser treatments cost approximately $1,031 per session, while ablative treatments cost approximately $2,330 per session.
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