Growing occurrence of skin diseases such as non-melanoma skin cancer and melanoma, vascular and psoriasis, varicose veins, pigmented lesions, and acne along with growing responsiveness from patients have the market growth. As per the Skin Cancer Foundation, about 10,130 people die because of melanoma every year in the U.S. Vascular lesions, a common skin ailment in developing economies has the highest occurrence, therefore, increasing incidence would completely boost the market growth.
According to Data Bridge Market Research the Dermatology Devices Market which was USD 12.5 billion in 2021, would rise upto USD 29.01 billion by 2029, and is expected to undergo a CAGR of 11.1% during the forecast period of 2022 to 2029.
“Rising Demand of Laser Treatments Increase the Market Growth”
Increase in the demand for cosmetic laser treatments such as skin resurfacing, tattoo removal, and skin tightening has considerably increased the adoption of dermatology devices market. As per the International Society of Aesthetic Plastic Surgery, treatments such as laser hair removal witnessed a 76.1% increase, non-invasive fat reduction observed a 21.1% increase, and photo rejuvenation had a 32.3% increase in 2020 as compared to 2019. This specifies that the demand for aesthetic treatments is growing and this, in turn, will directly affect the adoption of technologically advanced and efficient dermatology devices, thus boosting the market growth. Thus, this factor boost the market growth.
What restraints the growth of Global Dermatology Devices Market?
“Strict Regulatory Measures Associated With Dermatology Devices”
There are various strict regulatory measures that hinder the market growth. The FDA’s Center for Devices and Radiological Health (CDRH) regulates companies that manufacture, repackage and/or import medical devices for sale in the U.S. CDRH observes radiation-emitting electronic items such as lasers, X-ray systems, microwave ovens, color televisions. Thus, these factors impede the market growth.
Segmentation: Global Dermatology Devices Market
The global dermatology devices market is segmented based on the basis of product type, diagnostic services, treatment devices, application and end user.
- On the basis of product type, the dermatology devices market is segmented into diagnostic devices and treatment devices.
- On the basis of diagnostic services, the dermatology devices market is segmented into dermatoscopes, microscopes, imaging devices.
- On the basis of treatment devices, the dermatology devices market is segmented into laser, electrosurgical equipment, liposuction devices, light therapy devices, others.
- On the basis of application, the dermatology devices market is segmented into skin cancer diagnosis, vascular lesions removal, hair and wrinkle removal, body contouring and fat removal, others.
- On the basis of end user, the dermatology devices market is segmented into hospital, dermatology clinics, others.
Regional Insights: North America is expected to dominate the Global Dermatology Devices Market
- North America dominates the market due to a high number of skin disorders and skin cancer among people. The inclination towards cosmetic surgeries will also help the dermatology devices market to expand in North America. This inclination is because of the increasing incidence of skin diseases, such as eczema and rosacea that contributes to the growth of the regional market. Moreover, growing cases of obesity in the U.S. also drive the market growth.
- Asia-Pacific is expected to grow in the forecast period of 2022-2029 because of the increasing patient consciousness, growing penetration, and rapidly attractive healthcare infrastructure. In addition to this, an increase in the number of multinational companies extensively investing in research & development in Asia Pacific region has also proved to be a major factor driving the regional market.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/global-dermatology-devices-market
Recent Developments in Global Dermatology Devices Market
- In 2021, STRATA Skin Sciences, Inc. completed the acquisition of the U.S. dermatology business of Ra Medical. This acquisition gave STRATA an opportunity to immediately market its full business solution to Ra Medical’s customer base of 400 dermatology practices.
- In 2019, HEINE launched two new dermatoscopes named the DELTA 30 and DELTAone, which have fully optimized achromatic optical systems that assure crystal clear images. DELTA 30 is equipped with a sizable field of view at 30mm and is lightweight and easy to handle, whereas the DELTAone is a more compact version with a field of view of 21mm and designed to fit into pockets.
The Prominent Key Players Operating in the Global Dermatology Devices Market Include:
- Bausch Health Companies Inc. (Canada)
- Cynosure Inc. (U.S.)
- Candela Medical. (U.S.)
- Avita Medical (U.S.)
- Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (China)
- Lutronic (South Korea)
- Beijing Toplaser Technology Co. Ltd. (China)
- Solta Medical (U.S.)
- Cutera (U.S.)
- Candela Medical Ltd. (U.S.)
- Canfield Scientific, Inc. (U.S.)
- 3Gen Consulting (U.S.)
- Image Derm, Inc. (U.S.)
- Agilent Technologies Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global dermatology devices market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Dermatology Devices Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
