Dermatology Devices Market Research focuses on the key trends prevailing in the Global Dermatology Devices Industry sector. The existing Industry scenario has been studied and future projections with respect to the sector have also been investigated. Market study report comprises evaluation of numerous influential factors including industry overview in terms of historic and present situation, key manufacturers, product/service application and types, key regions and marketplaces, forecast estimation for global market share, revenue and CAGR.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 @ https://www.coherentmarketinsights.com/insight/request-sample/117
Overview
Dermatology devices find typical applications in the treatment of various types of age-related dermal lesions, skin resurfacing, skin tightening, and pigmented skin. Generally, people prefer dermatology treatment since they are non-invasive, require lesser time, offer better results, and are cost-effective as compared to other surgical procedures.
The global dermatology devices market is estimated to account for US$ 4,609.0 Mn in terms of value in 2020 and is expected to reach US$ 7,226.9 Mn by the end of 2027.
Drivers
Growing prevalence of acne is expected to propel the global dermatology devices market growth over the forecast period. According to the American Academy of Dermatology 2018 report, acne is the most common skin condition in the U.S. affecting around 50 million peoples annually, which is expected to propel growth of the dermatology devices market.
Opportunities
Rising cases of skin cancer can present lucrative growth opportunities in the market. According to Incidência de Câncer no Brasil, the estimated number of new cases of cancer was 600,000, excluding cases of non-melanoma skin cancer during 2018-2019 biennium, in Brazil.
Restraint
Side-effects associated with dermatology treatments are expected to hinder the global dermatology devices market growth over the forecast period. There are various adverse effects associated with dermatology devices in different skin types. Although majority of these side-effects heal in short period, some could lead to serious complications based on the skin texture and pigmentation. For instance, absorption of excessive laser light for darker skin tone could lead to skin discoloration and blistering. Most common skin complications emerging due to skin resurfacing include prolonged erythema, acne formation, hyperpigmentation, hypertrophic scar formation, ectropion and disseminated infection.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 @ https://www.coherentmarketinsights.com/insight/request-pdf/117
Key Takeaways
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The global dermatology devices market was valued at US$ 4,304.3 Mn in 2019 and is forecast to reach a value of US$ 7,226.9 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027. Major factor driving the growth of global dermatology devices market during the forecast period include technological advancement, and increasing prevalence of skin diseases.
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Laser type segment accounted for the largest market share of 40.1% in the global dermatology devices market in 2019, followed by IPL and RF devices, respectively. Lasers are primary product that is used in the dermatology devices which is supporting growth of the segment.
Market Trends
Key companies are focused on product launches, in order to enhance the market presence. For instance, in April 2019, Lumenis, Ltd., an energy-based medical device company for aesthetic, surgical and ophthalmic applications, launched the Legend Pro+, a multi-application platform powered by four clinically-proven, complimentary technologies.
Moreover, major market players are involved in R&D activities, in order to improve their product portfolio. For instance, in November 2019, AVITA Medical collaborated with the Gates Center for Regenerative Medicine at the University Of Colorado School Of Medicine to establish proof-of-concept and explore further development of a spray-on treatment of genetically modified cells for patients with epidermolysis bullosa (EB) and other genetic skin disorders.
Competitive Section
Key companies involved in the global dermatology devices market are Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
Key Developments
Major players in the global dermatology devices market are focused on launching new products to expand their product portfolio. For instance, in January 2020, Lumenis Ltd. launched LightSheer Quattro, a laser hair removal platform.
Similarly, in 2019, Sanara MedTech Inc. launched its Wound Irrigation and Debridement System to remove biofilms while simultaneously debriding wounds with less patient discomfort.
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