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 device market.
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