Dermatology is a branch of medicine which facilitate the diagnosis and treatment of skin, hair, nail related diseases. Dermatology procedures are performed to enhance the aesthetics by correcting skin flaws such as acne, scars, wrinkles and other skin conditions. The dermatology treatment are prescribed for sun damage and aging, as well as skin cancer, and other medical skin conditions. The dermatology industry is categorized into two segments, medical dermatology and cosmetic dermatology. Laser treatments, Chemical peel, Injectable fillers, Acne treatment, Acne scar removal, Microdermabrasion, Vein treatment, Lip augmentation, Non-surgical nose job, Non-surgical facelift and others are fall under cosmetic technology. The dermatology devices market experienced a shift in adoption from lifesaving tool to a life style enhanced technology. The growing popularity of skin treatment in fashion industries has provided a premium identity to dermatology industry. Owing to this, the industry is expected to witness a remarkable increase in demand for high end dermatology devices in future.
Dermatology Devices Market: Drivers and Restraints
Increasing prevalence of skin cancer and other skin related disorders, growing awareness for skin rejuvenation and other dermatology treatment and introduction of novel technologies are driving the growth of dermatology devices market. Moreover, the rapid transition of dermatology industry towards fashion industry and favorable reimbursement policies would pace to the market growth. However, the premium price of dermatology procedures, high cost of devices and lack of skilled work force would impede the market growth. The commercialization of economic dermatology devices would hold a prominent opportunity, especially in emerging economies.
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Dermatology Devices Market: Segmentation
The global dermatologydevices market is segmented based on, types, procedures, end use.
Based on devices, the global dermatologydevices market is segmented into the following:
- Laser Therapy Devices
- Phototherapy Devices
- Radiofrequency Devices
- Cryosurgery Devices
- Lipoplasty Suction Pumps
Based on procedure, the global dermatologydevices market is segmented into the following:
- Cosmetic dermatology
- Laser treatments
- Scar removal
- Acne treatment
- Vein treatment
- Hair transplant
- Medical dermatology
- Topical Therapies
- Laser Therapy
- Photodynamic Therapy
- Wound Healing
Based on end users, the global dermatologydevices market is segmented into the following:
- Surgical centers
- Ambulatory clinics
- Academic and research institutes
Dermatology Devices Market: Overview
Dermatology industry has witness promising growth in medical industry from last decade. However, the industry is now reshaping itself from therapeutics to fashion. This transformation has grab the attention of investors owing to its premium natures. Presently, the majority portion of dermatology industry belong to medical dermatology, owing to high incidence of skin disorders. However, the cosmetic dermatology is expected to grow at rapid pace, owing to its premium nature and high level of awareness. Increasing technological advances would also play a crucial role in the growth of dermatology devices market. Minimally invasive dermatology procedures would hold key growth opportunities during the forecast period. However, the high cost associated with these technologies might hamper its adoption across emerging economies.
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Dermatology Devices Market: Region-wise Outlook
Geographically, the dermatology devices market is dominated by North America, followed by Europe. This is due to increasing disposable income, availability of skilled work force and strong penetration of high end dermatology technologies. Companies operational in these regions are majorly focusing on commercialization of highly advance dermatology solutions. For instance, the Alma lasers, a leading provider of laser technology in aesthetics industry has introduced Harmony XL Pro platform which offers treatment for 6 conditions namely, Skin Remodeling, Vascular Lesions, Pigmented Lesions, Tone and Texture, Hair Removal and Acne. However, the dermatology devices in medical dermatology has got prominent potential in emerging economies owing to increasing incidence of skin cancer and other melanoma conditions and growing awareness for skin disease treatment.
Dermatology Devices Market: Key Players
Key players operating in dermatology devices market are, Genesis Biosystems, Inc., 3Gen Inc., Alma Lasers, Ltd., Carl Zeiss, Bruker Corporation, Cutera, Inc., HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics, PhotoMedex, Inc., Lumenis Ltd., Cynosure, Inc., Ethicon, Inc., Olympus Corporation, and Solta Medical, Inc. These companies are focusing on product development to cater a need of cosmetic dermatology. Recently, Cutera Inc., a leading manufacturer of laser, light and other energy-based aesthetic systems had introduced two novel laser system named, excel HR and enlighten. These laser systems are used to treat hair removal, tattoo removal and benign pigmented lesion.