Dermatology Devices Market: Improved Healthcare Infrastructure across Developing Economies to Amplify Growth By 2028 | Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd.,

Dermatology Devices Market To Witness Robust Growth Due To Growing Launch Of Advanced Dermatology Devices

Overview:

There are different types of dermatology devices. Some of these devices make use of advanced radio frequency technology to deliver optimal skin contraction. The Radio Frequency energy works to stimulate new collagen and contract the layers of skin, creating tighter facial contours. This tightens skin and reduces wrinkles and fine lines. The device is available with two different hand-pieces, so you can use it on the face or larger parts of the body. The cost of the Fractora Firm is comparable to other cosmetic surgery tools. The high prevalence of skin cancer and the high disposable income in the region helped drive the market. Increasing number of patients with skin cancers and increasing demand for cosmetic procedures are driving the growth of the industry

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Market Dynamics:

Growing launch of advanced dermatology devices is expected to boost growth of the global dermatology devices market over the forecast period. Introduction of new advanced devices to remove age spots or dark marks is increasing, further driving the demand for dermatology devices. For instance, in April 2021, R2 Technologies Inc. a leading CryoAesthetic medical device company launched the first revolutionary in-office CryoAesthetic age spot removal treatment, Glacial Rx.

However, stringent regulatory policies and uncertainties as well as issues regarding reimbursement policies is expected to hamper growth of the global dermatology devices market over the forecast period.

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Impact of COVID-19:

The COVID-19 outbreak impacted many countries all over the world. The pandemic affected several industries. During this period countries implemented stringent regulations and closed down borders to control the virus spread. Several market activities such as manufacturing, supply of raw materials were disrupted during this period. This affected growth of many markets including the one in discussion. The demand for dermatology devices declined during the pandemic further affecting the market growth negatively. However, increasing launch of novel vaccines against the virus is expected to aid in growth of the market.

Key Takeaways:

• The global dermatology devices market is expected to grow, with a CAGR of 7.7% over the forecast period due to increasing cases of skin cancer and disorders as well as growing awareness regarding aesthetic procedures. For instance, according to the National cancer institute, the number of melanoma skin cancer estimated cases are 99,780 and the percent of all new skin cancer cases is 5.2% in 2022.

• Asia Pacific is projected to witness substantial growth in the global dermatology devices market over the forecast period. This is due to availability of affordable treatment options, increasing number of multinational companies investing in research and development activities in the region.

• Key players working in the global dermatology devices market are Image Derm, Inc., Alma Lasers GmbH, Aesthetic Group, Cynosure, Inc., Ambicare Health, Canfield Scientific, Inc., 3Gen, Solta Medical, Inc., Syneron Medical Ltd., and Cutera, Inc.

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This release was published on openPR.