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Dermatology Devices Market Perspective with Study of Key Players & Revenue to Steady Growth Forecast To 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-29 

The Dermatology Devices Market is set to exceed USD 17 billion by 2024; according to a new research report by Global Market Insights. Growing occurrence of skin cancer as well as surging number of skin cancer new cases are factors driving dermatology devices market growth. Increasing disposable income and increasing awareness of skin disorders coupled with growing spending on treatment of skin problems are aspects rendering positive impact. Surging demand for cosmetic procedures and availability of advanced treatment boosts industry growth.

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Laser dermatology is used extensively for both medical and aesthetic conditions. Three broad groups of technology are foremost non–energy-based rejuvenation technologies. These include lasers, thermal tightening devices that are non–laser-based and light therapy. Additionally, light source and laser treatment target most skin conditions that are common and advances in technology of lasers as well as light source is anticipated to fuel dermatology devices market growth in foreseeable future.

Changing lifestyle, rising consumption of unhealthy food along with changing environmental conditions cause many skin problems that require timely diagnosis and cure. Such factors increase the demand for dermatologic diagnosis and treatment. High cost of dermatology equipment and related maintenance contracts hampers dermatology devices market growth. Stringent regulatory landscape to ensure safe use of dermatology medical devices hinders business growth.
 
Diagnostic devices held more than 55% of industry revenue share in 2017 due to growing incidence of skin cancer and rising need for early disease detection. Technologically advanced dermatology devices and availability of such high-tech devices for treatment and diagnosis further propels business growth. Moreover, non-invasive dermatology devices that diagnose individuals skin condition encourages patient’s preference.
 
Skin rejuvenation segment is projected to grow significantly over the coming years. The growth attributes to increasing cosmetic procedures demand and advancements taking place in lasers. In addition to, skin rejuvenation also reduces acne scars appearance, stimulates production of new elastin and collagen. Liposuction devices segment will grow substantially during the forecast timeline due to advanced technology such as, radiofrequency assisted, suction assisted lipectomy coupled with rising demand for cosmetic procedures.
 
UK dermatology devices market was valued at USD 450 million in 2017 and anticipated to witness robust growth over the forecast period. Growth attributes to increasing occurrence of skin cancer as well as skin diseases. According to the Cancer Research UK statistics, during 2013-2015, approximately 15,400 melanoma skin cancer new cases in UK every year were recorded that accounts for nearly 42 cases every day.

China is anticipated to witness over 11% CAGR over the forecast years due to rising expenditure on skin care treatments and increasing prevalence of acne and other skin ailments. Advances in technology and rising awareness of skin problems is projected to fuel business growth.

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Dermatology Devices industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product type trends
2.1.3. Application trends
2.1.4. Regional trends

Chapter 3. Dermatology Devices Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Rising incidence of skin associated diseases and skin cancer worldwide
3.3.1.2. Increasing expenditure on skin care in developing countries
3.3.1.3. Advances in technology of skincare devices
3.3.1.4. Growing demand for cosmetic procedures in developed countries

3.3.2. Industry pitfalls & challenges
3.3.2.1. Excessive equipment cost
3.3.2.2. Stringent regulatory landscape

Data Tables

TABLE 1.    Dermatology devices industry 360 0 synopsis, 2013 – 2024
TABLE 2.    Global dermatology devices market, 2013 – 2024 (USD Million)
TABLE 3.    Global dermatology devices market, by product type, 2013 - 2024 (USD Million)
TABLE 4.    Global dermatology devices market, by application, 2013 - 2024 (USD Million)
TABLE 5.    Global dermatology devices market, by region, 2013 – 2024 (USD Million)
TABLE 6.    Industry impact forces
TABLE 7.    Diagnostic devices market size, by region, 2013 – 2024 (USD Million)
TABLE 8.    Treatment devices market size, by region, 2013 – 2024 (USD Million)
TABLE 9.    North America dermatology devices market size, by country, 2013 - 2024 (USD Million)
TABLE 10.    North America dermatology devices market size, by product type, 2013 - 2024 (USD Million)

Related Report- Advanced Wound Care Market By Product, By Application, By End User, Regional Outlook, Application Potential, Competitive Market Share

Know more @ https://www.marketwatch.com/press-release/advanced-wound-care-market-size-2019-2025-how-the-market-developments-of-key-players-impact-the-overall-industry-2019-05-29

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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