Dermatology Diagnostic Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026
Report ID: GMI4613
Dermatology Diagnostic Devices Market size is projected to experience significant growth from 2019 to 2025. Dermatology diagnostic devices are used for diagnosing skin related disorders, skin wounds, acne, pigmentation and assist in the diagnosis of skin cancer. These devices aid dermatologists and medical practitioners to examine and identify the core problems that affects the skin of patients.
Get more details on this report - Request Free Sample PDF
Increasing prevalence of skin cancer will pose to be a major factor highly impacting dermatology diagnostic devices market growth. Skin cancer occur due to exposure towards ultraviolet radiation. As per the American Academy of Dermatology it was estimated that, about 1.9 million people were suffering from melanoma in 2019. Also, according to the Skin Cancer Foundation estimates, new cases of melanoma will increase by 2% in 2020. Additionally, rising need for rapid diagnoses of skin cancer and other related skin diaorders will subsequently drive the demand for dermatology devices over the coming years.
Technological advancements in the field of dermatology will boost dermatology diagnostic devices market size in the upcoming years. These technological advancements ought to be advantageous to manufacturers to maintain their position into market. Development of diagnostic devices to manage malignant skin cancer, squamous cell carcinoma among others will further lead to adoption of dermatology diagnostic devices. Similarly, emergence of digitalization in dermatology diagnostic devices will lead to increase in adoption rate of such devices, thereby driving the market growth. Thus, continuous advancements in dermatology devices will offer rapid growth potential to dermatology diagnostic devices business. However, stringent regulatory policies may impede the industry growth over the upcoming years.
On the basis of product type, the market is segmented into dermatoscopes, microscopes, biopsy devices, and others. Among these, dermatoscopes segment will witness substantial growth during the forecast years. Dermatoscopes are used for detection of melanoma, access skin tumors, skin pigmentation and others. Furthermore, advancements in dermatoscopes will further augment the segmental growth over the forthcoming period.
Based on application, the market is bifurcated into skin cancer, dermatitis, psoriasis, cellulitis and others. Skin cancer segment will witness rapid growth owing to rising prevalence of squamous cell carcinoma, basal cell carcinoma and melanoma across the globe. It is one of the leading disorders and people exposed to sunburns, weakened immune system and history of skin cancer have more chances of developing cancer. As per the Skin Cancer Foundation in 2018, more people were diagnosed with skin cancer each year in the U.S. than other cancers. Thus, increasing exposure to ultraviolet rays will lead to increase in number of skin cancer patients, thereby driving the demand for dermatology diagnostic devices in the future.
On the basis of end use, the market is segmented into hospitals, dermatology clinics, and others. Among them, dermatology clinics will foresee lucrative growth in the upcoming years. Dermatology clinics offer high-quality and focused services to the patients. Availability of wide treatment options available, increasing adoption of latest dermatology devices will further increase customer preference. Thus, with rising incidence of skin cancer in dermatology clinics, dermatology diagnostic devices market will witness significant growth.
U.S. dermatology diagnostic devices industry is estimated to expand robustly during the forecast period owing to growing prevalence of skin cancer and other associated skin disorders such as psoriasis, cellulitis, dermatitis, among others. Basal cell carcinoma is the common form of cancer. According to the Skin Cancer Foundation, in 2019, over 4.4 million people suffering from basal cell carcinoma were diagnosed in the U.S. each year. Thus, rising adoption of dermatology devices, will influence U.S. dermatology diagnostic devices market growth over the coming years.
Asia Pacific dermatology diagnostic devices market is anticipated to show momentous growth potential during the forecast years. Rise in technological advancements in countries including China and India will impact the demand for dermatology diagnostic devices. Additionally, rising awareness about skin disorders and treatment alternatives will further drive the market demand.
Alma Lasers, 3Gen, Inc., Caliber I.D. Inc., Michelson Diagnostics Limited and STRATA Skin Sciences are some of the major market players in the global dermatology diagnostic devices industry. These players are undertaking product launches and acquisitions to strengthen their business. For instance, in May 2018, Caliber I.D. Inc. announced the launch of confocal imaging device, VIVASCOPE 1500, for capturing non-invasive digital images of cellular structures. The company aimed to provide the best possible support to the clinicians and dermatologists with this new product launch, thereby strengthening its product portfolio.
By Product Type, 2015-2026 (USD Million)
- Biopsy Devices
By Application, 2015-2026 (USD Million)
- Skin Cancer
By End-Use, 2015-2026 (USD Million)
- Dermatology Clinics
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.