Global Dermatology Devices Market
Global Dermatology Devices Market was valued at USD 10.1 billion in 2020 which is expected to reach USD 21.12 billion by 2027 at a CAGR 11.8%.
Qualiket Research report covers the latest market trends and growth prospects of the global dermatology devices market for 2020-2027. Global Dermatology Devices Market report exhaustively researched and analyzed with the help of market players to improve their business strategies and ensure long-term success.
Dermatology devices are used to diagnose and monitor skin diseases as well as hair, and nail related diseases like psoriasis, sunburn, lesions, rashes, hair removal, nail infection, acne, and eczema. Dermatology devices are classified into two types such as treatment Devices and diagnostic Devices. Treatment devices are lasers, light therapy devices, electrosurgical equipments, liposuction devices, cryotherapy devices, and microdermabrasion devices. Diagnostic devices are microscopes, dermatoscopes, and imaging techniques.
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Various key players are discussed in this report such as Alma Lasers, Cutera, Inc., Lumenis, Ltd, Cynosure Inc., GE Healthcare, Valeant Pharmaceuticals International Inc.,Avita Medical, Syneron Medical Ltd, Philips Healthcare, and Lutronics Corporation.
Increase in prevalence of skin cancer is expected to drive the global dermatology devices market growth. For instance, according to “Skin Care Foundation” around 10,130 deaths happened due to skin cancer in 2016. It is expected to increase the demand for rapid diagnosis of skin diseases like cancer will boost the growth of global dermatology devices market. Furthermore, rise in technological advancements is expected to fuel the global dermatology devices market growth. Moreover, collaboration by key players is expected to fuel the global dermatology devices market growth. For instance, in December 2019, LEO Pharma collaborated with the Portal Instruments for development of Needle- Free Drug Delivery Device. This device is used for treatment of skin related diseases.
Global Dermatology Devices Market is segmented on the basis of Treatment devices and diagnostic devices. Further, treatment devices include Lasers, Light Therapy Devices, Electrosurgical Equipments, Liposuction Devices, Cryotherapy Devices, and Microdermabrasion Devices. Diagnostic Devices includes Microscopes, Dermatoscopes, and Imaging Techniques. Also, market is segmented into application such as Skin Diseases, Hair Removal, Tattoo Removal, Stretch Mark Reduction, and Others, and end users such as Hospitals, Clinics, and Others.
However, high cost of dermatological treatments is the major restraining factor for market which is expected to hamper the growth of global dermatology devices market. Also, severe side effects of dermatological treatments are expected to hamper the global dermatology device market growth.
The global dermatology devices market is categorized into five regions such as such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The market is expected to hold large market in North America owing to high number of skin disorders, skin cancer among people. The rise in preferences for cosmetic surgeries will also support the dermatology devices market growth in North America.
Increase in Medical Tourism in Asia Pacific region due to availability of affordable treatment options which is expected to drive the market growth during this forecast timeline. Increase in beauty consciousness amongst men and women are also anticipated to fuel the market growth.
Impact of COVID-19
Increase in COVID-19 pandemic across the globe has created bottlenecks across healthcare industry sales funnels, pipelines, and supply chain activities which are expected to create unprecedented budget pressure on organizations spending for industry leaders. This has raised requirement for opportunity analysis, and competitive outcomes.
- Qualiket Research’s Global Dermatology Devices Market report provide in depth analysis with latest market trends and key developments.
- The research report covers various key players with their strategies, which predictive competitive analysis of the market.
- The Global Dermatology Devices Market report provides comprehensive analysis of various factors such as driving factors, restraining factors, and opportunities over the forecast period.
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