Dermatology Devices Market size worth over $20Bn by 2025
Published Date: August 23, 2019 Authors: Sumant Ugalmugle
Dermatology Devices Market demand is set to exceed USD 20 billion by 2025, according to a new research report by Global Market Insights, Inc.
Growing prevalence of skin cancer and psoriasis increases the demand for minimally invasive dermatology devices. High exposure to UV rays and incorrect usage of such devices may surge the risk to several skin syndromes. Additionally, skin cancers are more prevalent in tropical countries such as India, Japan. Population living in tropical regions is more exposed to UV radiations that upsurges risk of skin cancers. Thus, aforementioned factors and upgrading regulatory scenario will augment the skincare devices business growth.
Innovations and technological advancements leading to accuracy and specificity should accelerate the dermatology devices market growth. Recurrent upgradation to novel expertise allows development of incision less and minimally invasive dermatology solutions that should foster business growth. Additionally, rapid surge in the number of skin disorders will propel huge demand for dermatology devices. Furthermore, progressions to reduce complications and undesirable effects due to high exposure to UV light for efficient patient care further favors the demand for dermatology diagnostic devices. However, excessive equipment cost related to these devices may restrict dermatology devices industry growth over the coming years.
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Dermatology treatment devices market revenue was valued over 4 billion in 2018 and should witness tremendous growth during the forecast timeframe. Advancements and growing awareness among individuals regarding availability of superior quality treatment devices for aesthetics treatment further boosts segmental growth. Female population is more concerned about facial appearance that drives huge demand for skincare devices. Moreover, innovations in microdermabrasion devices and lasers for improving aesthetic appearance propels segment growth.
Browse key industry insights spread across 205 pages with 223 market data tables & 7 figures & charts from the report, “Dermatology Devices Market Size By Product Type (Diagnostic Devices [Imaging Devices, Dermatoscopes, Biopsy Devices], Treatment Devices [Light Therapy Devices (LED Therapy), Lasers, Microdermabrasion Devices, Cryotherapy Devices, Electrosurgical Equipment, Liposuction Devices]), By Application (Skin Cancer, Skin Rejuvenation, Hair Removal, Body Contouring and Skin Tightening, Psoriasis), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Body contouring and skin tightening segment held around than 12.5% revenue share in 2018 and will witness lucrative CAGR by 2025. Growing demand for effective and precise aesthetic appearance will upsurge the business revenue share. Such treatment uses radiofrequency to deliver targeted heat to problem areas and thus damages unwanted fat cells. Above-mentioned factors boost dermatology diagnostic device business growth.
Europe dermatology devices market revenue accounted for more than USD 2.3 billion in 2018. Availability of advanced healthcare infrastructure and support of several organisations for managing patient health precisely will favour regional growth. Moreover, increasing demand for facial surgeries to improve the facial aesthetics in the European population is the key factor that will boost regional business growth.
Few of the prominent business players operational in dermatology devices market share include Alma Lasers, 3Gen, Ambicare, Biolitec, Genesis Biosystems, AMD Global Telemedicine, Cortex Technology, Heine Optotechnik, Cutera, Ellipse, Image Derm, Lumenis, Dansys, Hologic, Solta Medical and Michelson Diagnostics. Different initiatives commenced by business players including mergers and collaborations to withstand in the market will foster industry growth.
Dermatology devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2014 to 2025, for the following segments:
Dermatology Devices Market By Product Type, 2014-2025 (USD Billion)
- Diagnostic Devices
- Imaging Devices
- Biopsy Devices
- Treatment Devices
- Light Therapy Devices (LED Therapy)
- Microdermabrasion Devices
- Cryotherapy Devices
- Electrosurgical Equipment
- Liposuction Devices
Dermatology Devices Market By Application, 2014-2025 (USD Billion)
- Skin Cancer
- Skin Rejuvenation
- Hair Removal
- Body Contouring and Skin Tightening
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East Asia & Africa
- Saudi Arabia
- South Africa
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