The escalating prevalence of skin diseases such as psoriasis, scars, eczema, acne, and others, will generate extensive demand for the dermatology devices market.
The escalating prevalence of skin diseases such as psoriasis, scars, eczema, acne, and others, will generate extensive demand for the dermatology devices market. Reportedly, acne is considered the most common skin disease in the U.S., which affects nearly 50 million Americans annually. On the other hand, about 9,500 people every day in the U.S. are diagnosed with chronic skin conditions such as skin cancer.
The complexity of skin-related chronic diseases and growing awareness of people towards their physical appearance and aesthetic aspect has given rise to the necessity of developing sophisticated dermatology equipment. High adoption of advanced diagnostics and therapeutics such as non-invasive cosmetic rectification procedures among dermatologists to treat skin problems will boost industry expansion.
Global dermatology devices market size will surpass US$20 billion by 2025, according to the estimations by the Global Market Insights, Inc. Given below are some factors driving the adoption of skin care devices.
Robust demand for home-based dermatology equipment
Obesity causes a major risk of skin diseases. The escalating prevalence of obesity globally and the rising geriatric population base requiring point-of-care solutions will propel the demand for home-based dermatology equipment. Factors like growing healthcare expenditure and per capita income in developing countries shall complement the industry landscape. On the other hand, the expensiveness of dermatology procedures and various side effects of skin treatments could restrict the business growth of dermatology devices to some extent.
Requirements of advanced treatment dermatology devices
The treatment dermatology devices segment will grow at 12.5% CAGR in the forthcoming years. The complications associated with several skincare procedures generate substantial demand for technically advanced devices. Treatment dermatology devices facilitate dermatologists in carrying out complex skincare procedures to provide effective treatment to the patients.
The laser-based dermatology treatment devices segment will grow substantially, owing to the rising preference for laser surgeries among consumers. Laser therapy is extensively utilized in skin tightening, and removal of unwanted hair, facial wrinkles, and age spots.
To access sample pages of this report titled, “Dermatology Devices Market Size By Product Type (Diagnostic Devices [Imaging Devices, Dermatoscopes, Biopsy Devices], Treatment Devices [Light Therapy Devices (LED Therapy), Lasers, Microdermabrasion Devices, Cryotherapy Devices, Electrosurgical Equipment, Liposuction Devices]), By Application (Skin Cancer, Skin Rejuvenation, Hair Removal, Body Contouring and Skin Tightening, Psoriasis), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/2644
Applications in skin laser therapy
The revenue share of the skin rejuvenation segment in the dermatology devices market was valued at US$2 billion in 2018 and is expected to grow at a notable pace up to 2025. Growing incidences of skin aging problems have drastically boosted the demand for skin rejuvenation treatment mainly from the elderly population.
These skin care devices help in substituting the old damaged skin cells with the new ones, which further provide a youthful look to elderly people. Skin rejuvenation treatment is further utilized to develop collagen which helps in repairing skin tone and texture. Increasing expenses on aesthetic appearance will drive significant demand for skin rejuvenation treatment.
Rising demand for facial surgeries in Europe
The Europe dermatology devices market held 27% of the global market share and is projected to expand considerably through 2025. The growing adoption of advanced dermatology equipment owing to the high prevalence of skin diseases in the region and the presence of robust healthcare infrastructure will enhance regional industry share to a large extent.
Moreover, the escalating demand for advanced skin treatment such as facial surgeries will uplift the business in Europe. Prominent companies in the global dermatology devices market include Cutera, Aesthetic, Lumenis, Ambicare, 3Gen, Heine Optotechnik, Genesis Biosystems, Cortex Technology, Biolitec, AMD Global Telemedicine, Michelson Diagnostics, Hologic, Alma Lasers, and Derm, among others.
These firms are emphasizing on strategic mergers, collaborations, acquisitions, and new product launches to strengthen their position in the global market. For example, Alma Lasers in April 2019, had launched a single laser-based platform BeautiFill, for producing high-quality autologous fat face contouring and for the whole body. The advent of such novel products will bring new treatment practices to the field, which will in turn augment industry progression.
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