Dermatology Devices Industry - Popular Trends & Technological advancements to Watch Out for Near Future 2024
Dermatology Devices Market is estimated to surpass USD 17.0 billion by 2024; according to a new research report.
Escalating number of skin cancer cases coupled with surging occurrence of skin diseases and skin problems worldwide are foremost driving factors of dermatology devices market. Skin diseases that are related with environmental factors such as rising level of pollution, UV radiation exposure, chemicals, temperature further triggers skin problems such as, acne and eczema thus, propelling industry growth.
Technologically advanced derma devices such as lasers and light sources offer effective solutions to skin problems. Launch of enhanced products and surging cosmetic procedures demand are factors fueling market growth. There is increasing preference for cosmetic procedures to enhance aesthetic appeal and availability of such treatment options by advanced derma equipment encourages customer buying behavior.
Increasing expenditure on skin treatment and growing awareness among individuals regarding skin problems is anticipated to boost market growth over the coming years. Moreover, changing lifestyle coupled with rising demand for liposuction and sun damage treatment further propels business growth. Increasing medical tourism for cosmetic treatment is anticipated to fuel industry growth during the forecast timeline. However, high cost factor related to dermatology equipment and stringent regulations hinders industry growth.
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Diagnostic devices segment accounted for largest market share in 2017, due to growing awareness of skin diseases as well as increasing number of diagnosis for skin associated problems. Treatment devices segment will grow lucratively over the forecast timeframe. Growth is attributable to surging incidences of skin cancer along with escalating expenditure on skin treatment.
Skin cancer dominated application segment in 2017 and is anticipated to witness similar trend over the forecast timeline. Increasing incidence of skin cancer and technological advancements are driving skin cancer segment market growth. Skin rejuvenation segment is anticipated to grow lucratively in coming years due to increasing demand for cosmetic procedures coupled with associated advantages offered by skin rejuvenation treatment. Advantages include improves appearance of acne scars, it also smooths fine lines, wrinkles, improves skin texture and tone, reduction in pore sizes, age spots. Such aspects boost individual?s preference for skin rejuvenation treatment.
U.S. dominated dermatology devices market and is estimated to exhibit similar trend in forthcoming years owing to surging incidence of skin diseases and skin cancer along with escalating cosmetic procedures demand. Advanced treatment options available, rising awareness of skin diseases and high disposition to skin problems treatment are factors propelling business growth.
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Germany will grow significantly during the forecast timeframe on an account of rising cosmetic procedures demand as well as surging incidence of skin disorders. According to Journal of the European Academy of Dermatology and Venereology, Rosacea a skin disorder was highly prevalent in Germany and accounted for 12.3%.
India derma devices market is projected to grow lucratively in the coming years due to surging incidence of eczema and acne coupled with changing environmental conditions such as increasing pollution.
Prominent business players are 3Gen, Aesthetic Group, Alma Lasers, ALSA Apparecchi Medicali Srl, Ambicare Health, Amd Global Telemedicine, Beijing Toplaser Technology Company, Biolitec, Brymill Cryogenic Systems, Cortex Technology, Cutera, Dansys, Ellipse, Genesis Biosystems, Heine Optotechnik, Hologic, Human med, Image Derm, Lumenis, Michelson Diagnostics (VivoSight), PhotoMedex, Solta Medical (Valeant Pharmaceuticals International) and Syneron Medical.
Key industry players are emphasizing on launch of technologically advanced dermatology equipment. Industry players are also focusing more on strategic acquisitions to uphold their position in the industry and subsequently, capture more revenue share.
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Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
184.108.40.206. Paid sources
220.127.116.11. Unpaid sources
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