Market Research Future (MRFR), in its recently published study report, asserts that the Global Market of Dermatology Diagnostic Device is forecasted to perceive a phenomenal valuation by 2022, registering a significant CAGR throughout the predicted period (2017 – 2022). Technological advancements in the field of smart and connected devices along with the growing penetration of the Internet of Things (IoT) and Artificial Intelligence (AI) in the medical devices foster the market growth.
The Global Dermatology Diagnostic Device Market is increasing pervasively over the past few years. Factors such as increasing prevalence of skin disorders & transplants are fuelling the market growth to an extent. Also, the risk factors for disorders related to the skin are speeding up the market growth, creating the demand for the better diagnostic and treatment methods.
Dermatology Diagnostic Device is designed to diagnose various types of skin diseases and other health problems such as skin cancer, skin lesion, scalp problems and various other skin problems and disorders. This device helps in diagnosing the nature of disease including skin disease and aids in prescribing the right medication and treatment to the patients affected by the same.
Additional factors propelling the market growth include the changing lifestyle led by the growing urbanization & industrialization coupled with the improving economic conditions that enable access to the quality of life & to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth. Furthermore, factors such as increasing number of skin diagnosis procedures and rising demand for new techniques for diagnosis of chronic skin diseases provide significant impetus to the market growth.
Many countries around the world, including well-developed and developing regions, are grappling with a shortage of dermatologists. Patients currently need to wait on average of 70 days for a consultation. Simultaneously, some skin care diagnosis especially the skin cancer diagnosis is costly, time-consuming and suboptimal.
Global Dermatology Diagnostic Device Market – Competitive Analysis
The global Dermatology Diagnostic Device market is fragmented with a large number of players churning the competition. The increasing incidences of drug resistance have opened doors for the development of new devices and opportunities for the new entrants and leaders alike. The rises of spurious and counterfeit devices have reduced the total market revenues, displacing standard devices off the market.
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Alma Lasers, Ltd. (Israel), Valeant Pharmaceuticals (Canada), Cutera, Inc. (US), Cynosure, Inc. (US), Lumenis, Ltd. (Israel), Genentech, Inc., (US), Dino-Lite Europe/IDCP B.V., Michelson Diagnostics Ltd., (UK), Cutera, Inc. (US) ,and Galderma S.A., (Switzerland) are some of the prominent players at the forefront of competition in the global market for dermatology diagnostic device.
July 12, 2018 – Pixience Healthcare Solutions (France), a leading global provider of dermatology devices, an imaging specialist and innovative solutions provider for the dermatologists and CHUs announced that it is developing a tool that can quickly and reliably diagnosis benign moles or malignant melanomas to improve the diagnosis of skin cancer.
Using artificial intelligence, the new device could help healthcare professionals prioritize urgent cases. A potential application would be the skin patients who are suspecting that they have skin cancer, ensuring the most urgent cases were placed at the front of the queue.
Global Dermatology Diagnostic Device Market – Segments
The MRFR analysis is been segmented into four key dynamics for the convenience of enhanced understanding;
By Diagnostic Device Types : Dermatoscopes, Microscopes, and Imaging Devices among others.
By Applications : Skin Cancer Diagnostics and Skin Lesion among others.
By End-Users : Hospitals, Research Centers, and Institutions, among others.
By Regions : North America, Europe, APAC and Rest-of- the-World.
Global Dermatology Diagnostic Device Market – Regional Analysis
Globally, North America is dominating the global dermatology diagnostic device market. Factors substantiating the market growth include extensive uptake of technologically advanced medical devices, increasing governmental support for R&D activities and high expenditures for health care. With the increasing prevalence of skin diseases, the market is expected to evaluate phenomenally by 2022.
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Europe region is another lucrative market for dermatology diagnostic device. This growth attributes to the increasing emphasis on the development of advent diagnostic devices, rising government support for R&D activities with the increased funding. Besides, the rising numbers of specialty services offered by various healthcare providers provide impetus to the market growth in the region.
The Asia Pacific is emerging as a promising market for dermatology diagnostic device, growing rapidly. Increasing incidents of skin disorders are fostering the market growth. Furthermore, factors such as the increasing demand for quality devices in the healthcare and rapidly developing healthcare technology is expected to lead the use of advanced equipment, which, in turn, is expected to fuel the market growth in APAC region.
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