North America to Dominate the Global Dermatology Devices Market till 2026
Rise in awareness regarding the benefit
of early diagnosis and treatment of skin cancer is expected to drive the demand
for global dermatology devices market in the forecast period.
According to TechSci Research report, “Global
Dermatology
Devices Market By Product Type (Diagnostic Devices v/s Treatment Devices)
Diagnostic Devices (Dermatoscopes, Microscopes, Imaging Devices) Treatment
Devices (Laser, Electrosurgical Equipment, Liposuction Devices, Light Therapy
Devices, Others) By Application (Skin Cancer Diagnosis, Vascular Lesions
Removal, Hair & Wrinkle Removal, Body Contouring and Fat Removal, Others)
By End Users (Hospital, Dermatology Clinics, Others) By Company, By Region,
Forecast & Opportunities, 2026”, The global dermatology devices market
is expected to witness steady growth for the upcoming five years. Dermatology
devices assist the dermatologist and surgeons in diagnosing and treatment of
skin disorders. Rise in cases of melanoma and non-melanoma skin cancers is
creating the need for skin diagnosis and thereby fuel the growth of the
dermatology devices market.
However, stringent regulatory policies regarding
the dermatology devices are expected to restrain the growth of the market.
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Global dermatology devices market is segmented into product
type, application, end users, regional distribution, and company. Based on application,
market can be divided into skin cancer diagnosis, vascular lesions removal,
hair & wrinkle removal, body contouring and fat removal, and others. The
skin cancer diagnosis segment is expected to account for major market share for
the forecast period, 2022-2026. Increasing prevalence of skin cancer and skin
disorders is expected to fuel the growth of the market. Surge in awareness
regarding the aesthetic procedures to satisfy the rising beauty standards is boosting
the demand for dermatology devices for this segment. Initiative taken by government
authorities to launch awareness camps and campaigns to raise the awareness
about skin cancer is expected to accelerate the growth of the market. Based on product
type, market can be fragmented into diagnostic devices and treatment devices.
Diagnostic devices can be divided into dermatoscopes, microscopes, and imaging
devices while treatment devices can be divided into laser, electrosurgical
equipment, liposuction devices, light therapy devices, and others. Treatment
devices segment is expected to hold major market share for the next five years
due to presence of wide applications of dermatology treatment. In treatment
devices laser is expected to account for major share due to high number of
cosmetic procedures being performed on the consumers. Based on end users,
market can be divided into hospital, dermatology clinics, and others. Hospital segment
is expected to hold major market share for the next five years due to presence
of advanced dermatology equipment in hospital facilities. Presence and
construction of large number of hospitals is increasing to cope up the needs of
rising population along with presence of skilled dermatologist in hospitals is
surging the growth of the hospital segment. Huge patient inflow into the
hospitals along with favourable reimbursement policies supporting healthcare
industry growth is bolstering the growth of the segment.
Alma Lasers Ltd, Avita Medical, Inc., Cutera Inc., Genesis
Biosystems Inc., Galderma SA, Candela Corporation, Bausch Health Companies Inc
(Solta Medical, Inc.), Syneron Medical Ltd, 3Gen, Inc., Cynosure, Inc are the
leading players operating in global dermatology devices market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several dermatology devices manufacturers are coming
up with their technologically advanced offerings.
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“Market
players are investing huge amounts for upgradation of the existing technology
due to growing aesthetic awareness among the consumers. Shift in adoption of
technologically advanced equipment instead of using traditional equipment such
as launch of microdermabrasion which is used to increase the glow of overall
skin tone is boosting the demand the sales of dermatology devices. High demand
for less invasive laser therapies and presence of disposable income among the
consumers is expected to propel the dermatology devices market growth until
2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Dermatology Devices Market By Product Type (Diagnostic Devices
v/s Treatment Devices) Diagnostic Devices (Dermatoscopes, Microscopes, Imaging
Devices) Treatment Devices (Laser, Electrosurgical Equipment, Liposuction
Devices, Light Therapy Devices, Others) By Application (Skin Cancer Diagnosis,
Vascular Lesions Removal, Hair & Wrinkle Removal, Body Contouring and Fat
Removal, Others) By End Users (Hospital, Dermatology Clinics, Others) By
Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global dermatology
devices market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global dermatology
devices market.
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