Healthcare

Global Dermatology Devices Market will grow at CAGR of 10.0% to hit $ 21.14 Billion by 2026

Global Dermatology Devices Market By Product Type (Diagnostic Device (Imaging Device, Dermatoscope, Microscope), Treatment Device (Electrosurgical, Cryotherapy, Laser, LED Ligh         t, Liposuction, Microdermabrasion), Application (Skin Cancer Diagnosis, Acne, Psoriasis, Skin Rejuvenation, Warts), End-Users (Hospitals, Clinics, and Other

Market Analysis: Global Dermatology Devices Market

Global dermatology devices market is growing at a substantial CAGR of 10.0% during the forecast period of 2019 to 2026 and is estimated to reach USD 21.14 billion by 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. The rise in market value can be attributed to increasing skin disorders, government initiatives and adoption of minimally invasive cosmetic procedures.

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Market Definition: Global Dermatology Devices Market

Dermatology devices are used for the diagnosis and treatment of skin conditions. Dermatology deals with significant problems of skin, structure, functions and diseases or concerns related to cosmetic issues.

Market Drivers

  • Adoption of minimally invasive cosmetic procedures
  • Increasing incidence of skin disorders
  • Government Initiatives to better healthcare

 Market Restraints

  • Growing healthcare expenditure

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Segmentation: Global Dermatology Devices Market

By Product Type

  • Diagnostic Device
    • Imaging device
      • Magnetic resonance Imaging
      • Ultrasound
      • Computed tomography system
    • Dermatoscope
    • Microscope
  • Treatment Device
    • Electrosurgical
    • Cryotherapy
    • Laser
    • Led light
    • Liposuction
    • Microdermabrasion

By Application

  • Skin Cancer Diagnosis
  • Acne
  • Psoriasis
  • Skin Rejuvenation
  • Warts

By End- User

  • Hospitals
  • Clinics
  • Others

 

Key Developments in the Market:

In January 2018, Australia receives first two revolutionary skin cancer diagnostic machines. VivoSight Optical Coherence Tomography (OCT) scanner is an imaging device that is able to look beneath the skin’s surface in high resolution. The benefit of the VivoSight OCT scanner is that it provides with a means of verifying complete removal of a skin cancer without cutting it out and sending it off to pathology.

In March 2016, Syneron Candela to Introduce New Technologies at American Academy of Dermatology, this includes CO2RE Intima system, an ultra-short picosecond PicoWay laser wavelength and a Profound SubQ hand piece, CO2RE Intima is designed for gynecological and genitourinary treatments. The company is also launching a third, ultra-short pulse duration 785nm wavelength for PicoWay.

Competitive Analysis: Global Dermatology Devices Market

Global dermatology devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of dermatology devices market market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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