Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global dermatology Devices market. In addition, complete analysis of changes on the global dermatology Devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The increasing prevalence of skin cancer and other skin diseases contributes significantly to the high demand for products. Additionally, people's growing awareness of aesthetic appeal and technological advancements in dermatological devices is dramatically increasing the acceptance of these devices. An increase in disposable income is also considered to be one of the important factors for market growth. The prevalence of melanoma and non-melanoma skin cancers is increasing dramatically. Over the past decade, the preference for minimally invasive and non-invasive cosmetic procedures over traditional surgical procedures has increased dramatically. Minimally invasive / non-surgical alternatives offer numerous benefits over traditional surgical procedures, such as less pain, less scarring, and faster recovery. These procedures are also cheaper than traditional surgical procedures.
The market is expected to have new opportunity with the technological advancements & ongoing R&D activities involved in manufacturing dermatology devices is expected to provide ample of new growth opportunities for the market during the forecast period. There has been a latent shift from the use of traditional products to technologically advanced devices that help better diagnose and treat various skin diseases, as well as improve overall appearance. Thus, the introduction of technologically advanced non-invasive laser therapies has led to a high demand for dermatological devices and this factor is expected to provide rising new growth opportunities for the market over the forecast period.
However, there have been complaints of AHU units causing burns and blisters. Some people have been burned after falling asleep with the device on, while others have been burned due to damaged cables or corrosion of gadgets. Although less harmful to the eyes than regular lasers, red light therapy may require the use of eye protection. These problems is expected to hinder the adoption of dermatological treatments. These are the factors which is expected to restrain the market growth over the forecast period.
The Covid-19 pandemic hampered the growth of market to major extent due to limited operations of manufacturing, and disruption in the supply chain which has created a major challenges for the market growth. Also, lack of skilled work force and low awareness for new devices is expected to be major hampering for the market growth over the forecast the period.
The report provides in-depth analysis of global dermatology devices market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various dermatology devices in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The global dermatology devices market comprises of different market segment like product, application, end users and geography.
By product, the dermatology devices market includes the key segments of
The diagnostic devices segment is further sub-segmented into skin cancer diagnosis, imaging devices and microscopes. The treatment devices segment is further sub-segmented into electrosurgery devices, cryotherapy devices, laser devices, light therapy devices, liposuction devices and microdermabrasion devices. The treatment device segment is expected to generate the highest revenue over the forecast period. This is attributed to the growing demand for dermatological devices that help treat disease.
The dermatology devices market has major applications in
The skin cancer diagnosis segment is expected to achieve the highest growth during the forecast period, due to the increase in skin cancer cases, which require early diagnosis. Additionally, growing research into skin cancer diagnosis for the treatment of skin-related conditions would help the segment generate more revenue in the coming years. Hair removal devices, especially laser devices, have been shown to be safer for all skin tones and hair colours and facilitate less painful treatment procedures, fuelling segment growth.
The Dermatology Devices market has major end users like
The hospital segment is expected to hold the largest market share owing to the wide adoption of advanced dermatological devices in hospital environments. The availability of various treatment options in these facilities increases the number of visits to diagnose and treat skin diseases, which in turn supports the growth of the segment. The clinics segment is estimated to have the fastest growth rate over the forecast period. Dermatology clinics are cosmetic and medical institutions that focus on the diagnosis and treatment of skin conditions.
The global Dermatology Devices market is studied for the following region
North America is anticipated to witness highest growth over the forecast period. The increasing prevalence of skin cancer and other skin diseases, such as eczema and rosacea, and the increasing adoption of cosmetic procedures are some of the main factors contributing to the growth of the regional market.
The competitive landscape analysis of dermatology devices market is majorly focused on expanding the global growth of dermatology devices with new product innovation, business expansion, increasing presence of range of manufacturer operating in dermatology devices has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
March 2022: Candela had announced a collaboration with The Vascular Birthmarks Foundation, and this collaboration had enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan.
August 2021: STRATA Skin Sciences, Inc. had completed the acquisition of the U.S. dermatology business of Ra Medical. This acquisition had provided STRATA an opportunity to immediately market its full business solution to Ra Medical’s existing customer base of 400 dermatology practices.
| Market
Sizing for Year: | 2021-2028 |
| Base
Year: | 2021 |
| Forecast
Period: | 2022-2028 |
| Value: | USD million |
| Market
Segment studied: | Product Application
End Users |
| Market
Players and its Competitors: | Alma
Lasers, Ltd. (Israel) Lumenis,
Ltd (Israel) Cynosure,
Inc. (US) Bruker
Corporation (US) Solta
Medical, Inc. (US) Olympus
Corporation (Japan) Cutera,
Inc. (US) Carl Zeiss
(Germany) Syneron
Medical Ltd. (US) Michelson
Diagnostics Ltd. (UK) Canfield
Scientific, Inc. (US) 3Gen
(India) HEINE
Optotechnik GmbH & Co. KG (Germany) Aesthetic
Group (France) Ambicare
Health (UK) Image
Derm, Inc. (US) |
FREQUENTLY ASKED QUESTIONS
What would be forecast period in the market report?
2022-2028 is the forecast period in the market report.
Which is the leading application segment for Dermatology Devices market?
The skin cancer diagnosis has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which region is gaining majority of market share during the forecast period (2022-2028)?
North America is expected to gain major market share during the forecast period (2022-2028).
