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Dermatology Devices Market worth $15.32 billion by 2030, growing at a CAGR of 11.21% - Exclusive Report by 360iResearch
Dermatology Devices Market | 360iResearch
The Global Dermatology Devices Market to grow from USD 7.28 billion in 2023 to USD 15.32 billion by 2030, at a CAGR of 11.21%.
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Dermatology devices encompass a broad range of equipment and tools used for the diagnosis, treatment, and monitoring of skin conditions and diseases. These devices are employed by healthcare professionals, including dermatologists, cosmetic surgeons, and skin care clinics, to address various skin-related issues, from acne, psoriasis, and eczema to skin cancer and dermatitis. The dermatology devices market is experiencing notable growth, fueled by heightened skin health awareness, an increasing incidence of skin disease, and rising demand for cosmetic enhancements. Despite the growing demand, the market faces challenges in terms of strict regulatory compliances for medical device manufacturers and the high costs associated with dermatology treatments. Besides, the hurdles, growing demand for non-invasive skin care treatments and surgeries coupled with technological advancements in dermatology devices are propelling the future growth prospects for the global dermatology devices market.
In the Americas, the market for dermatology devices is performing robustly, bolstered by the presence of a sizable geriatric population, high healthcare expenditure, and a substantial demand for cosmetic procedures. The United States contributes majorly owing to its advanced medical infrastructure and the presence of major dermatology device manufacturers. The EMEA region presents a diverse market landscape, where Europe holds a commanding position attributed to the high demand for non-invasive cosmetic procedures, a well-established healthcare system, and strong regulatory support for product innovation. The Middle East and Africa show rapid growth owing to rising disposable incomes, improving healthcare infrastructure, and an increasing preference for cosmetic dermatology. The APAC region is expected to grow rapidly in the dermatology devices market, underpinned by growing economies, increasing adoption of advanced technologies, and heightened awareness of skin care. Populous countries, including China and India, offer significant growth opportunities driven by increasing healthcare spending and a burgeoning middle class interested in aesthetic procedures.
Market Segmentation & Coverage:
This research report categorizes the Dermatology Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Diagnostic Devices and Treatment Devices. The Diagnostic Devices is further studied across Biopsy Devices, Dermatoscopes, and Microscopes. The Treatment Devices is further studied across Cryotherapy Devices, Electrosurgical Equipment, Lasers, Light Therapy Devices, Liposuction Devices, and Microdermabrasion Devices. The Treatment Devices is projected to witness significant market share during forecast period.
Based on Function, market is studied across Diagnosis and Treatment. The Diagnosis is projected to witness significant market share during forecast period.
Based on Application, market is studied across Acne, Psoriasis, & Tattoo Removal, Body Contouring & Fat Removal, Cellulite Reduction, Hair Removal, Skin Cancer Diagnosis, Skin Rejuvenation, Vascular and Pigmented Lesion Removal, and Wrinkle Removal & Skin Resurfacing. The Skin Cancer Diagnosis is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aesthetic & Dermatology Clinics, Diagnostic Centers & Laboratories, and Hospitals. The Diagnostic Centers & Laboratories is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.35% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Dermatology Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Dermatology Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Dermatology Devices Market, highlighting leading vendors and their innovative profiles. These include Acclaro Corporation, Aerolase Corp., Alix Lasers International LLC, Alma Lasers, Ltd., Bausch Health Companies Inc., Bruker Corporation, Candela Corporation, Canfield Scientific, Inc., CASIO Computer Co., Ltd., Coherent Corp., Cutera, Inc., DeepX Diagnostics Inc., DermLite, Dino-Lite Europe by IDCP B.V., El.En. S.p.A, FotoFinder Systems GmbH, Genesis Biosystems, Inc., HEINE Optotechnik GmbH & Co. KG, KAI Europe GmbH, Lumenis, Ltd. by Boston Scientific Corporation, Meiji Techno Co., Ltd., Neoteryx LLC by Trajan Scientific Australia Pty Ltd., Netcare Surgicals Corporation, Omniluxby GlobalMed Technologies, Photo Medex Inc., STRATA Skin Sciences, Inc., and Tejco Vision.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Dermatology Devices Market, by Product
7. Dermatology Devices Market, by Function
8. Dermatology Devices Market, by Application
9. Dermatology Devices Market, by End-User
10. Americas Dermatology Devices Market
11. Asia-Pacific Dermatology Devices Market
12. Europe, Middle East & Africa Dermatology Devices Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Dermatology Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Dermatology Devices Market?
3. What is the competitive strategic window for opportunities in the Dermatology Devices Market?
4. What are the technology trends and regulatory frameworks in the Dermatology Devices Market?
5. What is the market share of the leading vendors in the Dermatology Devices Market?
6. What modes and strategic moves are considered suitable for entering the Dermatology Devices Market?
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