Press release
Global Dermatology Devices Market is anticipated to grow at a CAGR of 12% by 2026 - Increasing Cases of Skin Cancer & Skin Diseases and Key Applications for Aesthetic Treatments
Application of Dermatology Devices for Aesthetic Treatments Fuels the Growth of the Dermatology Devices Market
Lasers and energy-based devices allow physicians to provide quality medical care to patients and achieve the optimal clinical results. These devices can also be used in the treatment of excessive sweating, remove pigmentation, treat acne, scars, skin tags, moles and improve the appearance of veins. The high application of dermatology devices in aesthetic treatments is further anticipated to boost the global market growth.
Growth in Usage of Laser Application in Dermatology Triggers the Demand of the Dermatology Devices Market
The application of laser technology in aesthetic medicine is due to the usage of unique properties of laser radiation in techniques for eliminating aesthetic imperfections of the skin and its rejuvenation. A laser can be used in dermatology, cosmetology and aesthetic medicine as a tool for bloodless dissection, evaporation and coagulation of soft tissues, for laser resurfacing and destruction of vascular skin pathologies. Due to these unique properties, laser treatment is used in multiple aesthetic procedures such as hair removal, tattoo removal and skin resurfacing, among other skin diseases.
Growing Application of Dermoscopy Techniques In the Diagnosis of Skin Disorders Drives the Dermatology Devices Market
Dermoscopy is a non-invasive, in-vivo technique which has been useful for the evaluation of suspicious skin lesions. It can help identify lesions and differentiate melanocytic lesions from dysplastic lesions, melanomas, or non-melanoma skin cancers. Moreover, it can also help in the diagnosis of dermatological disorders such as inflammatory dermatosis, pigmentary dermatosis, infectious dermatosis and disorders of the hair, scalp and nails.
Upcoming Market Challenges: Dermatology Devices Market
The stringent regulatory policies for dermatology devices, reimbursement issues and complications associated with the dermatology treatments are some of the major factors likely to hamper the market growth in the upcoming years. There are various other complications associated with treatments such as skin inflammation, skin irritation and itching, among others.
North America is Projected to Hold a Higher Share in the Dermatology Devices Market
From a geographical perspective, North America holds a larger share of the dermatology devices market. This can be mainly attributed to the growing cases of skin cancer and other skin diseases such as acne, rosacea, etc., growing application of dermatology devices in aesthetic treatments, and increasing awareness on aesthetic procedures among the young population.
Companies Are Adopting Reliable Growth Strategies to Increase their Market Share in the Dermatology Devices Market
All leading players operating in the global dermatology devices market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions and new product launches to garner a higher market share.
For instance,
In May 2022, Cynosure Inc. announced a new investment of $60 million from lead investor Clayton, Dubilier & Rice. The new capital will support the company's plan to grow and provide comprehensive treatment solutions to its clients.
In December 2021, Canfield Scientific Inc. acquired Medici Medical s.r.l. to create Canfield Scientific s.r.l., opens a state-of-the-art facility near Modena, Italy and launches a medical dermatology education program.
Competitive Landscape Analysis: Dermatology Devices Market
Some of the established players operating in the global dermatology devices market are Image Derm, Alma Lasers, Lumenis, Aesthetic Group, 3Gen, Ambicare, and Genesis Biosystems, etc.
Get Detailed Insights on Dermatology Devices Market with a Sample Report PDF @ https://meditechinsights.com/global-dermatology-devices-market/
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
https://www.linkedin.com/company/medi-tech-insights/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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