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Medical Skin Markers Market Opportunities and Regional Insights 2024
Medical Skin Markers Market Opportunities
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According to The Business Research Company's, The medical skin markers market size has grown strongly in recent years. It will grow from $2.00 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to the expansion of dermatology clinics and centers, patient-centered care initiatives, public health initiatives promoting early detection, rising demand for non-invasive procedures, and demand for point-of-care testing devices.
The medical skin markers market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the rising incidence of skin cancer and dermatological conditions, growing emphasis on early diagnosis, higher susceptibility to skin conditions among elderly populations, growing demand for cosmetic dermatology procedures, and consumer awareness and demand for skin health products. Major trends in the forecast period include technological advancements in dermatology, continuous development of advanced marking technologies, innovations in tattoo removal techniques, growth of regenerative techniques in dermatology, and advances in wound care management.
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Market Drivers and Trends:
The rising demand for minimally invasive procedures is expected to propel the growth of the medical skin markers market going forward. Minimally invasive procedures refer to medical techniques that achieve treatment or diagnostic goals with minimal disruption to the body's tissues, often resulting in faster recovery times and reduced risks compared to traditional surgery. The rising demand for minimally invasive procedures is due to several factors, such as advancements in technology, reduced recovery times, lower risk of infection, less post-operative pain, and shorter hospital stays compared to traditional surgeries. Minimally invasive procedures utilize medical skin markers to precisely identify entry points, anatomical landmarks, or treatment areas on the patient's skin, ensuring accuracy and safety during procedures such as laparoscopy, catheterization, and endoscopy. For instance, in June 2024, the American Society of Plastic Surgeons (ASPS), a US-based professional society that represents plastic surgeons in the United States and Canada, released the 2023 ASPS Procedural Statistics, which showed a 5% rise in plastic surgeries and a 7% rise in minimally invasive procedures compared to the previous year. Therefore, the rising demand for minimally invasive procedures is driving the growth of the medical skin markers market.
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Major Key Players of the Market:
Cardinal Health Inc., Ansell Limited, Koken Co Ltd, Aspen Surgical Products Inc, Xodus Medical Inc, Viscot Medical LLC, Viomedex, Medi Safe International, Suremark, PDC Healthcare, Naugramedical, Manzen Healthcare Private Limited, Batrik Medical, SafeOps Surgical Care Pvt.Ltd, Varay Laborix, PAC Healthcare & Surgicals, Collateral Medical Private Limited, Apothecaries Sundries Mfg. Co., Surgitech Innovation Pvt. Ltd., Bioflex Skin Marker
Medical Skin Markers Market 2024 Key Insights:
• The medical skin markers market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Minimally Invasive Procedures Fuelling The Growth Of Medical Skin Markers Market
•
• North America was the largest region in the medical skin markers market in 2023
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