Microneedling Devices Market Analysis | Coherent Market Insights

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2. Microneedling Devices Market Analysis (2020-2027) • Microneedling is a safe, cosmetic, and derma roller procedure used for various skin treatments. This process is also called as collagen induction therapy. Microneedles are rolling devices that have several tiny needles, which penetrate in living layer of skin and trigger collagen and elastin production. Microneedling is used for various skin-related complications such as fine lines, acne, scarring, wrinkles, loose skin, stretch marks, and pigmentation.

3. Global Microneedling Devices Market – Dynamics • Increasing incidences of uneven skin tone and skin discoloration are expected to boost growth of the microneedling devices market. According to a report by The Journal of Clinical and Aesthetic Dermatology, in July 2010 published, the prevalence of uneven skin tone and skin discoloration in Arab Americans was around 56.4% and 55.9%, in 2007 respectively. Moreover, increasing cost of cosmetic surgeries and high discomfort level of such surgeries as compared to microneedling procedure is also expected to boost growth of the global market for microneedling devices. According to the National Center for Biotechnology Information (NCBI) report in August 2017, the microneedling procedure is well tolerated with less discomfort and pain. Moreover, the procedure has less side effects compared to other invasive treatment such as radio frequency and laser treatment. According to the National Institute of Health (NIH) in June 2017, the innovation in the microneedle patch for vaccination of flu is expected to boost the microneedling market over the forecast period.

4. Global Microneedling Devices Market – Regional Insights • North America accounted for the largest market share in 2017, owing to launch and approval of new microneedling devices in the region. For instance, the U.S. Food and Drug Administration (FDA) approved a microneedling device (SkinPen®) developed by Bellus Medicals, a U.S.-based company. Increasing prevalence of skin-related diseases is expected to boost growth of the microneedling devices market in Asia Pacific. According to the Indian Journal of Dermatology, In India over 80% of the population has skin color heterogeneity results from postinflammatory hyperpigmentation or melasma. Therefore, these factors and scenarios are expected to boost growth of the global microneedling devices market.

5. Global Microneedling Devices Market – Competitive Landscape • Key players operating in the global microneedling devices market include, Dermapen, Dermaroller GmbH, MDPen Fractional Microdermal Needling, DermaConcepts, ConceptSkincare, Ramboll Environ, Inc., Edge Systems LLC., Weyergans High Care, Bomtech Electronics Co., Ltd., and others. • Key players in the market are focused on developing new products in order to enhance their market share. For instance, Dermaroller GmbH developed – Dermaroller HC902 and Beauty Mouse that can be used at home by patients. In 2013, the company was awarded by the professional magazine ‘ÄsthetischeDermatologie.’ for the product Dermaroller Beauty Mouse.

6. Global Microneedling Devices Market - Taxonomy • On the basis of product type, the global microneedling devicesmarket is segmented into: • Derma-stamp • Dermapen • Dermarollers • On the basis of needle material, the global microneedling devicesmarket is segmented into: • Silicon Microneedle • Silicon Hollow Microneedle • Solid Microneedle • Metal Microneedle • Hollow Metal Microneedle • Solid Metal Microneedle • Glass Microneedle •  On the basis of end user, the global microneedling devicesmarket is segmented into: • Hospitals • Dermatology Clinics • Others

7. s • On the basis of regions, the global microneedling devicesmarket is segmented into: • North America • Latin America • Europe • Asia Pacific • Middle East • Africa

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10. Increased spending on dental health to propel clear aligners market growth • Increased financial support for healthcare from public and private sources such as the Centers for Medicare and Medicaid Services (CMS) has reduced out-of-pocket spending. Therefore, spending on dental health has increased further over the past few years due to growing support from CMS and American Dental Association (ADA). For instance, according to the American Dental Association, in the U.S., dental care expenditure was valued at US$ 117.5 Bn in 2015. • Rising government support in emerging economies for growth of healthcare sector is expected to drive growth of the clear aligners market during the forecast period. For instance, the Government of India permitted 100% FDI World Dental Federation for health and medical services and also reduced the custom duty on all medical devices, including dental devices from 7.5% to 5% in 2013-14, which in turn created a highly conducive environment for growth of the market in the country. • Improvement in dental care infrastructure in emerging economies is another factor that is expected to fuel market growth. The dentist-population ratio has drastically improved in the past one to two decades. For instance, in 2014, the dentist-population ratio in India reached 1:10,000 from 1:300,000 in 1960.

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