Dermatology Diagnostic Equipment Market Anticipated to Achieve Lucrative Growth by 2030

Dermatology diagnostic devices can be identified as medical devices used to diagnose and recognize skin-related disorders such as skin cancer, pigmentation, acne, psoriasis, etc. These devices help dermatologists and surgeons determine the key issue affecting patients' skin. Dermatology diagnostic devices comprise imaging devices, microscopes and dermatoscopes, and other devices. Use of these diagnostic devices has been increasing at a rapid pace for the last few years. Governments across the globe are investing in dermatological diagnostic instruments for the treatment of diseases such as psoriasis, leukemia, hive, rosacea, etc.

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Market Dynamics of Global Dermatology Diagnostic Equipment Market

Increase in occurrence of skin-related diseases worldwide is driving the dermatology diagnostic devices market

Expansion of the dermatology diagnostic devices market is primarily due to an increase in the prevalence of melanoma and other skin-related illnesses. According to the American Cancer Society, an estimated 96,000 new cases of melanoma were diagnosed in the U.S. in 2019. As per the Cancer Statistics Center, 100,350 new cases of melanoma and 6,850 deaths are likely to be reported in the U.S. by the end of 2020.

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Skin rejuvenation and growing beauty perception in individuals (both males and females) are expected to further drive the dermatology diagnostic devices market. Increasing number of treatment choices & facilities are fueling the demand for dermatology diagnostic devices in hospitals & clinics. Expansion of the market is driven by an increase in the demand for the non-invasive cosmetic procedures for skin disorders.
High prices for treatments and diagnostic procedures associated with dermatology or skin disorders to hinder market

Diagnostic devices are extremely expensive and consequently, hamper the diagnostic devices for dermatology market. Advanced technologies needed specialists; however, practitioners do not know how to treat more powerful skin diseases that would reduce the demand for diagnostic devices.

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Dermatology Diagnostic Equipment Market: Segmentation

Global dermatology diagnostic equipment market can be segmented based on product type, application, and end-user

Based on product type, the global dermatology diagnostic equipment market can be classified into dermatoscopes, imaging equipment, microscopes & trichoscopes, biopsy devices, and others
The dermatoscopes segment can be further sub-segmented into contact oil immersion dermatoscope, cross-polarized dermatoscope, and hybrid dermatoscope

The imaging equipment segment can be further split into X-Ray, magnetic resonance imaging (MRI), ultrasound, optical coherence tomography (OCT), and others

The microscopes & trichoscopes segment can be further segregated into multispectral photoacaustic microscopy (PAM), reflectance confocal microscopy (RCM), raman spectroscopy, and others

Based on application, the global dermatology diagnostic equipment market can be divided into skin cancers, hair removal, skin rejuvenation, acne, psoriasis & tattoo removal, body contouring & fat removal, cellulite reduction, vascular & pigmented lesion removal, and others

Based on end-user, the global dermatology diagnostic equipment market can be split into hospitals, clinics, and diagnostic centers

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North America to Dominate Global Dermatology Diagnostic Equipment Market

In terms of region, the global dermatology diagnostic equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America witnessed significantly high demand for dermatology diagnostic equipment in 2019, followed by Europe. Expansion of the dermatology diagnostic equipment industry in North America is due to an increase in occurrence of dermatology diseases and the availability of advanced technological products in the region. Increase in understanding of safe treatment of dermatology disorders among individuals is estimated to further propel the market. Furthermore, the involvement of major industry players has fueled the market in North America significantly.

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