WASHINGTON, May 05, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Dermatology Devices Market finds that Rising incidence of skin disorders, increasing awareness on aesthetic procedures, technological advancement, and increasing healthcare expenditure, are factors that influencing the growth of Dermatology Devices Market.
The total Global Dermatology Devices Market is estimated to reach USD 23.43 Billion by the year 2028. The Global Market revenue stood at USD 12.19 Billion in the year 2021, and is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 11.5%, states Vantage Market Research, in a report, titled “Dermatology Devices Market Size, Share & Trends Analysis Report by Type (Dermato scopes, Microscopes, Imaging Devices), by Type (Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices), by Application (Skin Cancer Diagnosis, Other Diagnostic Applications), by Application (Hair Removal, Skin Rejuvenation, Acne, Psoriasis, and Tattoo Removal, Wrinkle Removal and Skin Resurfacing), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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- The report analyzes the Dermatology Devices market competitive landscape and offers information on several market vendors.
- An Exclusive study come up with Vantage Market Research experienced researchers projected value of USD 23.43 Billion at a CAGR of 11.5%.
- It offers additional highlights and key points on various market segments and their impact in the coming years.
- The sample report includes Latest Drivers and Trends in the Market.
- Comprehensive information on factors that will assist Dermatology Devices market growth during the next five years.
- The report offers predictions on upcoming trends and changes in consumer behavior.
- Comprehensive study involving market types, application and end-users.
- To understand more about Market Dynamics, get access to our free sample report.
Market Dynamics:
Drivers:
Increasing Demand from Millennial Population
In the last 10 years, the market has witnessed several changes in the consumer’s behaviour and buying patterns. Today, millennial men are paying more attention to their need before buying the product. This has become visible due to considerable shift in the lifestyle as people have become employed more than ever, which has increased the consumption of dermatological devices. Apart from this, they have become more active on social media than ever and everybody wants to look good on the platforms like Instagram, Snapchat, and Facebook, among others. Thus, the device used in application for hair removal, skin rejuvenation, acne, psoriasis, and tattoo removal, wrinkle removal and skin resurfacing, body contouring and fat removal, vascular and pigmented lesion removal, warts, skin tags, and weight management is increasing. Ultimately driving the market growth over the forecast period.
The Dermatology Devices Market Covers the Following Key Insights & Findings:
- Exclusive Summary: Basic statistics on the global Dermatology Devices market.
- The changing effect on market dynamics: global part provides driving factors, trends, challenges and opportunities; post-COVID analysis.
- View 2022-2028 by type, end user and region/nation.
- Evaluate industry by market segments, countries/regions, manufacturers/companies, revenue share and sales of these companies in these various regions of major countries/regions (2022-2028).
- Understand the structure of the Dermatology Devices market by identifying its various sub-segments.
- Researchers shed light on market dynamics, such as drivers, restraints, trends, and opportunities.
- It offers massive data about the trending factors that will influence the progress of the market.
- In-depth understanding of Dermatology Devices Market drivers, restraints, and major micro markets.
- Regional analysis: Asia Pacific Region to Stand Firm on its Leading Position in the industry.
- Free Report Customization: This report can be customized according to specific client needs.
- Key Strategic Developments: The study also includes the key strategic developments of the market, new product launch, comprising R&D, mergers and acquisitions, collaborations, joint ventures, agreements, partnerships, and regional growth of key competitors operating in the market globally and regionally.
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Segmentation of the Global Dermatology Devices Market:
- Dermatology Diagnostic Devices Type
- Dermatoscopes
- Microscopes
- Imaging Devices
- Dermatology Treatment Devices Type
- Light Therapy Devices
- Lasers
- Electrosurgical Equipment
- Liposuction Devices
- Microdermabrasion Devices
- Cryotherapy Devices
- Dermatology Diagnostic Application
- Skin Cancer Diagnosis
- Other Diagnostic Applications
- Dermatology Diagnostic Application
- Hair Removal
- Skin Rejuvenation
- Acne, Psoriasis, and Tattoo Removal
- Wrinkle Removal and Skin Resurfacing
- Body Contouring and Fat Removal
- Vascular and Pigmented Lesion Removal
- Warts, Skin Tags, and Weight Management
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Increasing Number of Companies Offering Gender Specific Product
With the growing awareness about the available products for their grooming. This is increasing the demand for acne, psoriasis, and tattoo removal and body contouring and fat removal devices. Along with this, the skin cancer incidences is also increasing. Thus, increasing the demand for skin cancer diagnosis devices. Hence, the demand for devices such as dermatoscopes, microscopes, light therapy devices, lasers, electrosurgical equipment, liposuction devices, imaging devices among others is increasing. Thus, ultimately propelling the market growth over the forecast period.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the electronics industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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The Report on Dermatology Devices Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America Holds Maximum Market Share
North America is expected to dominate the growth of Dermatology Devices Market in 2021. The major driving factors for the market are improvement in healthcare infrastructure, services across developing countries, and rise in health awareness among the people in region. Additionally, presence of major players in the region engaged in markets in the region is further propelling the market growth over the forecast period.
List of Prominent Players in the Dermatology Devices Market:
- Alma Lasers Ltd.
- Cutera Inc.
- Cynosure Inc.
- Lumenis Ltd.
- Valeant Pharmaceuticals International Inc.
- Gen Inc.
- Bruker Corporation
- Carl Zeiss
- Genesis Biosystems Inc.
- HEINE OPTOTECHNIK GMBH & CO. KG
- Michelson Diagnostics Ltd.
- Photo medex Inc.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on "Dermatology Devices Market Size, Share & Trends Analysis Report by Type (Dermatoscopes, Microscopes, Imaging Devices), by Type (Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices), by Application (Skin Cancer Diagnosis, Other Diagnostic Applications), by Application (Hair Removal, Skin Rejuvenation, Acne, Psoriasis, and Tattoo Removal, Wrinkle Removal and Skin Resurfacing), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/dermatology-devices-market-278458
Recent Developments:
August 2021: STRATA Skin Sciences, Inc. completed the acquisition of the U.S. dermatology business of Ra Medical. This acquisition provided STRATA an opportunity to immediately market its full business solution to Ra Medical’s existing customer base of 400 dermatology practices.
October 2019: HEINE launched two new dermatoscopes, the DELTA 30 and DELTAone, which have fully optimized achromatic optical systems that ensure crystal clear images.
Key Questions Answered in Dermatology Devices Market Report:
- Which manufacturing technology is used for Dermatology Devices Market?
- What developments are happening in that technology?
- What trends are causing these developments?
- Who are the global key players in this market?
- What are your company profile, your product information and contact information?
- What was Global Market Status of Dermatology Devices industry?
- What was capacity, Production Value, Cost and PROFIT of Market?
- What is current Market Status Dermatology Devices Industry?
- What is the market competition in this industry, both company and country wise?
- What's Market Analysis of Market by Taking Applications and Types in Consideration?
- What should be Entry Strategies, Economic Impact Countermeasures, and Marketing Channels for Dermatology Devices industry?
This market titled “Dermatology Devices Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Dermatology Diagnostic Devices Type • Dermatoscopes • Microscopes • Imaging Devices • Dermatology Treatment Devices Type • Light Therapy Devices • Lasers • Electrosurgical Equipment • Liposuction Devices • Microdermabrasion Devices • Cryotherapy Devices • Dermatology Diagnostic Application • Skin Cancer Diagnosis • Other Diagnostic Applications • Dermatology Diagnostic Application • Hair Removal • Skin Rejuvenation • Acne, Psoriasis, and Tattoo Removal • Wrinkle Removal and Skin Resurfacing • Body Contouring and Fat Removal • Vascular and Pigmented Lesion Removal • Warts, Skin Tags, and Weight Management • Others • Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa |
| Region & Counties Covered | • North America • U.S. • Canada • Mexico • Europe • U.K • France • Germany • Italy • Spain • Rest Of Europe • Asia Pacific • China • Japan • India • South Korea • South East Asia • Rest Of Asia Pacific • Latin America • Brazil • Argentina • Rest Of Latin America • Middle East & Africa • GCC Countries • South Africa • Rest Of Middle East & Africa |
| Companies Covered | • Alma Lasers • Ltd. • Cutera Inc. • Cynosure Inc. • Lumenis • Ltd. • Valeant Pharmaceuticals International Inc. • Gen, Inc. • Bruker Corporation • Carl Zeiss • Genesis Biosystems Inc. • HEINE OPTOTECHNIK GMBH & CO. KG • Michelson Diagnostics • Ltd. • Photo medex Inc. |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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