Global "Dermatology
Devices Market" 2025 Industry
research report covers the industry overview with Marketplace Size, Share,
Development, futuristic cost, earnings, demand and distribution data. Its vast
repository offers an analytical summary of the marketplace that can help to the
new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Dermatology Devices so
that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Dermatology
Devices industry. It will show how other players compete in the global Dermatology
Devices Market and explain the strategies you use to differentiate yourself
from other participants.
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Industry Insights
The global Dermatology
Devices Market size is likely to reach USD 25.7 billion by 2025, registering at
a 13.5% CAGR during the forecast period. Rising number of esthetic procedures
and escalating prevalence of skin-related disorders are major factors contributing
toward the growth of the market.
There has been a rise in
incidences of poor skin conditions which lead to increasing number of the skin
treatments performed where dermatology devices are needed. According to the
International Society of Aesthetic Plastic Surgery, around 20,236 thousand
aesthetic procedures were performed globally. Thus, this large number of
plastic and aesthetic surgeries performed worldwide is also expected to augment
the dermatology devices market. Moreover, the increasing aesthetic concern
among the population has led to the increased demand for the dermatology
procedures ultimately leading to the dermatology devices market growth. In
addition, the hair related problems are also expected to boost the growth of
the market.
Growing prevalence of skin
cancer is another major factor contributing toward market growth. For instance,
according to American Cancer Society, about 10,130 people die due to melanoma
each year in the U.S. Thus, there is rising demand for dermatology products for
the diagnosis of the skin cancer which can help the prevention of cancer at an
early stage. For instance, dermatoscopes are used for the detection of skin
cancer by the evaluation of pigmented lesions. Moreover, the growing
technological advancements in the dermatology devices has led to the increased
demand for these products. Furthermore, the increased incidence of the obese
population has further led to increased demand for the liposuction procedures,
where dermatology products are used, ultimately boost the market growth.
Application Insights
Skin cancer segment
accounted for the largest share of the overall market in 2015 due to the
increasing incidence of skin cancer worldwide. There is high demand for
advanced diagnostics products for early detection of skin cancer. Amongst the
dermatology treatment segment, the vascular lesions dominated the segment in
2015. This high share is due to the large application of the lasers and light
therapy devices for the treatment of the vascular lesions.
Acne, tattoo, and psoriasis
removal are expected to showcase a lucrative growth rate during the forecast
period. This is due to the increased visibility of the scars due to acne and
their removal becomes essential for aesthetic appeal. Moreover, the tattoo can
cause various adverse effects in the later phase of the life, hence tattoo
removal is in demand, boosting the segment growth.
End Use Insights
The end use segment is
categorized into clinics, hospitals, and other healthcare facilities. The
hospital segment held the largest share and is estimated to dominate the market
during the study period. This is because of a large number of the dermatology
and aesthetic procedures performed in the hospitals for various treatments such
as skin disorders and fat removal.
The other segment includes
diagnostic centers and e-commerce. This segment is projected to show a
significant growth during the forecast period due to growing prevalence of the
skin cancer globally. Thus, there is increased demand for the diagnostics products
for the early diagnosis of skin cancer.
Regional Insight
North America dominated the
market in 2015 due to the highly developed healthcare infrastructure and high
disposable income in this region. Moreover, the higher prevalence of the skin
cancer and obesity in the U.S. also has led to the growth of the market.
The Asia Pacific is
expected to showcase the fastest growth during the forecast period. This high
growth is due to the growing popularity of medical tourism owing to the
availability of less expensive medical treatments in the Asia Pacific region.
Competitive Insights
Some of the key players
comprise Solta Medical, Inc.; Alma Lasers, Ltd.; Valeant Pharmaceuticals
International Inc.; Cynosure, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Avita
Medical Ltd.; and GE Healthcare. These companies are involved in new product
development, mergers & acquisitions, collaborations, and geographical
expansions to gain maximum share in the sector. For instance, in 2013,
cynosure, Inc., acquired Palomar medical technologies, that is expected to
strengthen their laser-based treatment product portfolio.
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