Dermatology Devices Market - Forthcoming Trends & Global Future Forecasts


Posted October 27, 2020 by mmvaidya

This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the dermatology devices market.
 
Major Objectives of this Study:

# To define, describe, and forecast the global Dermatology Care Market on the basis of type, application, and region.

# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific trends).

# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.

# To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders.

# To forecast the size (by value) of the market segments with respect to four main regions, namely, North America, Europe, Asia, and Rest of the World.

# To strategically profile key players and comprehensively analyze their market shares and core competencies in terms of market development and growth strategies.

# To track and analyze competitive developments such as partnerships, agreements, collaborations and joint ventures; mergers and acquisitions; new product launches; and research and development activities in the dermatology devices market.

Expected Boost in Global Revenue:

The global dermatology devices market is expected to reach USD 14.17 Billion by 2021 from USD 8.22 Billion in 2016, at a CAGR of 11.50% during the forecast period.

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Dermatology devices assist dermatologists and surgeons in diagnosing and treating skin disorders. These devices increase the accuracy levels of dermatologists while diagnosing a particular type of skin disorder. These devices are used by medical care providers such as hospitals, dermatology clinics, physician offices, and academic research institutes.

Major Growth Boosters:

The rising incidence of skin disorders, increasing awareness on aesthetic procedures, technological advancements, and increasing healthcare expenditure are the major factors driving the growth of this market.

Global Industry Segmentation:

On the basis of the application of treatment devices, the dermatology devices market is segmented into hair removal; skin rejuvenation; acne, psoriasis, and tattoo removal; wrinkle removal and skin resurfacing; body contouring and fat removal; vascular and pigmented lesion removal; warts, skin tags, and weight management; and other treatment applications. The other treatment applications segment is expected to account for the largest share of the market during the forecast period, primarily due to the increasing awareness about aesthetic procedures and technological advancements.

On the basis of the type of treatment devices, the Dermatology Care Market is segmented into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices. In 2016, the light therapy devices segment is expected to account for the largest share primarily due to the increasing incidence of skin diseases and technological advancements.

On the basis of the application of diagnostic devices, the dermatology devices market is segmented into skin cancer diagnosis and other diagnostic applications. The skin cancer diagnosis segment is expected to account for the largest share in 2016. The rising incidence of skin disorders is the major factor driving the growth of this market.

Expected Geographical Growth:

Based on region, the global Dermatology Care Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). However, Asia is expected to witness the highest CAGR during the forecast period, with the growth in this market centered at Japan, China, and India. Growth in the Asian region is primarily driven by the rising incidence of skin diseases, increasing healthcare expenditure, and increasing awareness regarding aesthetic procedures.

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Global Leaders:

Based on the analysis of strategic developments undertaken by market players between 2012 and 2016, the key strategies followed by most companies in the dermatology devices market are product launches and acquisitions. Some of the leading players that adopted this strategy include Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Lumenis, Ltd. (Israel), 3Gen Inc. (U.S.) Valeant Pharmaceutical (Canada), Carl Zeiss (Germany), Genesis Biosystems, Inc. (U.S.), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics (U.K.), and PhotoMedex, Inc. (U.S.).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags dermatology care , dermatology care market
Last Updated October 27, 2020