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Dermatology Endoscopy Devices Market Report 2024 - Dermatology Endoscopy Devices Market Demand, Growth, And Trends
Dermatology Endoscopy Devices Market
According to The Business Research Company's, The dermatology endoscopy devices market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to regulatory approvals and standardization, research and academic contributions, clinical acceptance and adoption, expansion of applications, development of minimally invasive procedures.
The dermatology endoscopy devices market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rise in skin cancer cases, expansion of minimally invasive procedures, telemedicine and remote consultations, market expansion in emerging economies, personalized treatment approaches.. Major trends in the forecast period include focus on user-friendly interfaces, rise in cosmetic dermatology procedures, customization and patient-specific solutions, multimodal imaging modalities, wireless connectivity and telemedicine..
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Market Drivers and Trends:
The rise in the incidence of skin diseases is expected to propel the growth of the dermatology endoscopy devices market going forward. Skin diseases refer to various problems affecting the skin, including infections caused by bacteria, viruses, fungi, allergens, parasites, skin cancer, and other skin diseases. Dermatology endoscopy devices are used for the inspection of skin conditions such as assessing pigmented skin lesions, non-pigmented skin lesions, scabies splinters, psoriasis or eczema, and others to offer effective treatment for skin diseases. For instance, in February 2023, according to the National Psoriasis Foundation, a US-based non-profit organization serving people with psoriasis and psoriatic arthritis, psoriasis affects more than 3% of the adult population in the United States equates to more than 7.5 million people. Therefore, the rise in the incidence of skin diseases drives the growth of the dermatology endoscopy devices market.
Technological advancements are a key trend gaining popularity in the dermatology endoscopy devices market. Major companies in the dermatology endoscopy devices sector are focused on innovating their products to improve the observation power and sustain their position in the market. For instance, in June 2022, Derma Sensor Inc, a US-based health technology company, introduced Derma Sensor, a skin cancer detection device for primary care. The device uses a type of optical technology called Elastic Scattering Spectroscopy (ESS) to take non-invasive samples of tissue, recording cellular-level information from the skin lesion using hundreds of wavelengths of light, comparable to sonar. The Derma Sensor platform gives output directly to the user, eliminating the need for a laboratory or another physician to interpret the spectral data, as the patented algorithm rapidly assesses the data and provides a result in seconds.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
AMD Global Telemedicine Inc.; Bausch Health Companies Inc.; Caliber Imaging & Diagnostics Inc.; Canfield Scientific Inc.; DermLite LLC; DermoScan GmbH; Firefly Global LLP; HEINE Optotechnik GmbH and Co. KG; Illuco Corporation Ltd.; Jedmed Instrument Company; MetaOptima Technology Inc.; Optilia Instruments AB; Pixience Healthcare Technology Solutions; Rudolf Riester GmbH; Alma Lasers Ltd.; Pro Scope Systems LLC; MeKo Laser Material Processing; Biolitec AG; Genesis Biosystems Inc.; Cynosure Inc.; Ambicare Health Ltd.; Nikon Corp.; Cutera Inc.; Agilent Technologies Inc.; Lumenis Ltd.; Applisonix Ltd.; Bruker Corp.; Carl Zeiss Meditec AG; AnMo Electronics Corporation; FotoFinder Systems GmbH
Dermatology Endoscopy Devices Market 2024 Key Insights:
• The dermatology endoscopy devices market will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• The Surge In Skin Diseases Incidence And Its Impact On Dermatology Endoscopy Devices Market Growth
• Technological Advancements Shaping The Landscape Of Dermatology Endoscopy Devices Market
• North America was the largest region in the dermatology endoscopy devices market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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