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Dermatology Devices Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-10 

Dermatology Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The high pervasiveness of skin diseases including skin cancer, and psoriasis is making the global dermatology devices industry a rather appealing business vertical. The mounting awareness on physical health amongst the topical populace is directly influencing the market outlook.

A paradigm shift towards the technically sound diagnostics and therapeutics devices such as the non-invasive cosmetic rectification trials is further providing an impetus to the overall dermatology devices industry space. 

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Endorsed as an integral vertical of medical equipment space, the dermatology devices market has been of late, providing lucrative growth opportunities to the investors to exploit economies of scale. This testament is validated from the increasing attempts by the industry giants like Ambicare, Biolitec, Alma Lasers, and various others, that have been working to come up with innovative products.

Not to mention, rising geriatric population, high frequency of obesity, enhancing healthcare expenditures, and high economic affluences have been proliferating the industry outlook. However, umpteen adverse effects of skin treatments and high cost pertaining to the dermatology procedures would likely hinder the market growth in the upcoming years.

As per speculations, the worldwide dermatology devices market is anticipated to emerge out as one of the most transforming businesses spaces of the recent times thereby accounting to a revenue share of USD 20 billion by the end of seven years.

One of the prudent rationales behind the escalated growth of dermatology devices industry is the high penetration of treatment devices. This segmental growth can be aptly credited to the surging advancements and mounting awareness regarding availability of superior quality treatment devices. Expediting concerns amongst females pertaining to the facial appearance are further stimulating the market growth across the segment.

In fact, the treatment devices segment held a significant business share of approximately 4 billion in 2018 and is projected to develop at a growth rate of 12.5 per cent through 2025.

Bifurcated further, the treatment devices segment is predominated by the lasers segment which is estimated to accrue hefty proceeds over the forecast period. Increasing deployment of laser therapy for myriad skin treatments including removal of unwanted hairs, fine lines, wrinkles, and age spots, have laid a positive influence on the treatment devices market.

Defined by a vast application gamut, the global dermatology devices industry is characterized by the body contouring and skin tightening sector. For the records, the sector accounted for over 12.5 per cent revenue share in the 2018 and is likely to progress at a prodigious pace in the upcoming years. The segmental devices find extensive application via the use of radiofrequency to deliver targeted heat to the problematic areas eventually cutting of the unnecessary fat cells.

Meanwhile, the skin rejuvenation segment was pegged at USD 2 billion in 2018, perhaps attributing to the growing demands for skin rejuvenation by the geriatric population on the grounds of attaining a more youthful and healthier skin. The segment is anticipated to foresee appreciable growths over the stipulated time period.

Speaking of the geographical profiles, Europe evolves out as one of the most profitable investment destinations for the dermatology devices market contenders. Reliable sources suggest that the region procured a revenue share of USD 2.3 billion in 2018 and the supremacy is likely to sustain over the ensuing years. The regional trends are explicitly influenced by the availability of improved healthcare facilities and support of myriad organizations for managing patient health effectively.

Another factor driving the market growth across the region accounts to the high consumer inclination towards facial surgeries to augment the facial aesthetics, leading to improved business dynamics of the overall dermatology devices market. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/dermatology-devices-market

Partial Chapter of the Table of Content 

Chapter 4. Dermatology Devices Market, By Product Type

4.1. Key segment trends

4.2. Diagnostic devices

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2. Imaging devices Market size, by region, 2014-2025 (USD Million)

4.2.3. Dermatoscopes Market size, by region, 2014-2025 (USD Million)

4.2.4. Biopsy devices Market size, by region, 2014-2025 (USD Million)

4.3. Treatment devices

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.2. Light therapy devices (LED therapy) Market size, by region, 2014-2025 (USD Million)

4.3.3. Lasers Market size, by region, 2014-2025 (USD Million)

4.3.4. Microdermabrasion devices Market size, by region, 2014-2025 (USD Million)

4.3.5. Cryotherapy devices Market size, by region, 2014-2025 (USD Million)

4.3.6. Electrosurgical equipment Market size, by region, 2014-2025 (USD Million)

4.3.7. Liposuction devices Market size, by region, 2014-2025 (USD Million)

Chapter 5. Dermatology Devices Market, By Application

5.1. Key segment trends

5.2. Skin cancer

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Skin rejuvenation

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Hair removal

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Body contouring and skin tightening

5.5.1. Market size, by region, 2014-2025 (USD Million)

5.6. Psoriasis

5.6.1. Market size, by region, 2014-2025 (USD Million)

5.7. Others

5.7.1. Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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