Dermatology Devices Market - Global Industry Analysis 2024

Until about a decade ago, skin diseases were not considered to be much of a concern among the medical fraternity, with focus mainly towards combating major diseases such as HIV/AIDS and hospital-acquired pneumonias. However, in primary care settings, skin disorders are the common diseases prevalent in tropical areas. HIV infection related skin diseases are especially common in sub-Saharan geographies. In 2015, according to Turkish Journal of Family Medicine & Primary Care, infections related to skin are common worldwide with a prevalence of pyoderma between 0.2% and 35%, for tinea capitis it is around 19.7%, for scabies it ranges between 0.2% and 24%, and for viral skin disorders it ranges between 0.4% and 9%.

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Market Dynamics

Rise in number of skin infections and rise in demand for skin rejuvenation is expected to propel growth of the dermatology disease market. Rise in demand for skin rejuvenation therapy is backed up by increasing use of radiofrequency techniques, which in turn is expected to favor the market for dermatology devices market in the near future. Furthermore, high prevalence of skin mycoses globally is projected to have a positive effect on the growth for dermatology devices market. According to article published in 2008 by John Wiley & Sons, Inc., high prevalence of skin mycoses was around 20–25% and thus, was considered as one of the most prevalent forms of infection worldwide. The last decade has witnessed a spurt in incidence of skin diseases caused by pathogens such as anthropophilic and zoophilic dermatophytesm, which are especially prevalent in regions tropical regions due to the favorable growth environment. Also, change in lifestyle and awareness about the treatment is also one of the major factor affecting positively the growth of dermatology devices market. Scar and tattoo removal are some of the examples that require dermatology devices. According to Deccan Chronicles, in 2016, there were 25,000 tattoo removal cases recorded in India of the 128,218 cases worldwide, as revealed by a survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS) in 2015.

Market Taxonomy

This report segments the global dermatology devices market on the basis of product type, application, end user, and geography. On the basis of product type, the market is categorized into microdermabrasion devices, lasers and others. The laser product type segment is sub-segmented into alexandrite laser, diode, fractional, infrared 1319 nm, nd:yag 1064 nm, potassium titanyl phosphate (ktp), pulsed. The application segment is divided into vascular lesions, scar removal, tattoo removal, hair removal, wrinkle removal, acne treatment, skin rejuvenation, pore reduction and others. The vascular lesions application segment is further divided into telangiectasia, hemangiomas, port wine stains and venous lakes and scar removal application segment is sub-divided into red or hypertrophic scars and hyper-pigmentation. For comprehensive understanding of market dynamics, the global dermatology market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

This report provides in-depth analysis of the dermatology devices products and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year

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It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global dermatology devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans

Key companies covered as a part of this study include Syneron Candela Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., Cutera, Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Alma Lasers, Ltd, Valeant Pharmaceuticals International Inc., Cynosure Inc., Lumenis
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics

The global dermatology devices market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for dermatology devices, research and consulting firms, new entrants, and financial analysts

Various strategy matrices used in analyzing the dermatology devices market would provide stakeholders vital inputs to make strategic decisions accordingly

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