Global Dermatology Devices Market Growing at a CAGR of 11.4% during the forecast period 2018-2025
The market for dermatology devices is facing stiff competition from low cost dermatology device manufacturers from emerging economies. The manufacturers in these countries market their products at a low price which is about 60% to 70% less as compared to other prominent players.
[USPRwire, Tue Apr 09 2019] Global Dermatology Devices Market report also includes qualitative insights of the market such as drivers, restraints, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages in the supply chain where significant value is added. The Global Market analysis consists of value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual revenue with forecast between 2018 and 2025.
“People are becoming conscious about their appearance and for the skin diseases caused due to sun exposure. Various skin diseases such as psoriasis, scars, skin cancer, acne, pigment, varicose veins, and vascular lesions are treated with the use of dermatological devices.”
Request Sample Copy of This Research Report:
Dermatology Devices Market: Key Players are Heine, 3Gen LLC, Welch Allyn, Carl Zeiss, Hitachi, Leica Microsystems, Olympus, Michelson Diagnostics, GE Healthcare, Phillips Healthcare, Toshiba Medical Systems, Palomar Medical technologies, Ellipse A/S, Heine, Genesis Biosystems, Syneron Medical, Alma Lasers Ltd., and Siemens Medical Systems.
The increasing application areas for dermatology devices and increased awareness of such disorders are some of the prime factors supporting the growth of the global market. Driven by the factors mentioned above, the global dermatology devices market is expected to grow at a CAGR of 11.4% between 2018 and 2025.
Dermatology Devices Market: Segmentation
The Dermatology Devices Market is segmented based on type, end-use industry, and regions:
Device Type Overview, 2015-2025 (USD Million)
- Imaging Devices
- Electrosurgery Equipment
- Cryotherapy Devices
- LED Light Therapy Devices
- Liposuction Devices
Regional Overview, 2015-2025 (USD Million)
- North America
- Asia Pacific
- Latin America
- Middle-East & Africa
Get more details about Global Dermatology Devices Market:
The dominance of this market segment was due to increasing incidences of skin disorders such as pigment lesion, skin cancer and vascular lesion. With the increasing number of aesthetic procedures and demand for less invasive surgeries, the market for treatment devices is increasing. Melanoma is the leading type of skin cancer and one of the main causes of death due to skin diseases. The incidence of melanoma and non-melanoma skin cancer is grouped by race and climate and is the highest amongst the fair skinned races. The risk of melanoma increases with the white skinned people and their proximity to the equator.
In addition, technological advancements in the field of deramtology devices such as portability, minimal incision and precision also support the growth of the North America dermatology devices market. The Asia-Pacific and South America, Middle-East and Africa market are identified as a lucrative market owing to factors such as growing demand for low cost devices and key players establishing their presence in these markets lured by rising number of people suffering from skin disorders.
For Any Query on the Dermatology Devices Market:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.