In this article, we highlight some industry developments from 2017 and offer a snapshot of what the New Year may hold, such as an increased demand for tele-dermatology, topical scar treatments, silicon-based scar treatments and hair transplantation services.
DERMATOLOGY IS IN DEMAND
According to the investment banking services firm, TripleTree, the U.S. market for skin disease treatments was $7.5 billion in 2015 and is expected to reach $8.6 billion by 2020. IBIS World reports that the current annual spend in the United States for dermatology services is nearly $11 million.
Aging baby boomers and an ongoing steady rise in the number of melanoma cases will continue to feed the demand for dermatology services.