Global Dermatology Devices Market Forecast to 2030

The global dermatology devices market size is expected to reach USD 16.13 Billion at a steady revenue CAGR of 12.7% in 2030, according to the latest analysis by Emergen Research. One of the primary driving factors leading to increased revenue growth of this market is rising prevalence of skin disorders. Skin disorders are common across the globe, posing a considerable public health burden in both industrialized and developing countries. Acne vulgaris is the most frequently diagnosed lesion, affecting more than 80% of the world's population at some point in their lives, and 85% of teenagers in affluent countries. Eczema affects 31.6 million individuals (10.1%) in the United States, with frequency peaking during childhood. Rosacea is a prevalent yet under-diagnosed skin disorder that affects around 10% of the population. Rosacea is most common in fair-skinned Caucasians, although it can also afflict persons of Asian and African descent. Dermatologists use numerous technologies and equipment to undertake skin-related treatments. Only properly specialized equipment, particularly when treating exceedingly sensitive skin, can be utilized. As a result of the increasing frequency of skin illnesses worldwide, the market revenue growth of dermatology devices is also rising.

The most recent market research report from Emergen Research, titled Global Dermatology Devices Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

Alma Lasers, Cutera, Cynosure, Lumenis Be Ltd., Bausch Health Companies Inc., Bruker, ZEISS International, Genesis Biosystems, Inc., HEINE Optotechnik GmbH Co. KG, Michelson Diagnostics Limited

Market Dynamics:

The report offers insightful information about the market dynamics of the Dermatology Devices market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Dermatology Devices market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Dermatology Devices market.

Radical Highlights of the Dermatology Devices Market Report:

• Comprehensive overview of the Dermatology Devices market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• Regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and RD advancements on the Dermatology Devices market
• Information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Some Key Highlights From the Report

• On 25 July 2022, TheraClearX, a non-invasive, in-office acne treatment that targets the underlying causes of mild to moderate acne, such as comedonal, pustular, and inflammatory acne vulgaris, has been commercialized in the United States by STRATA Skin Sciences, Inc., a healthcare technology company focused on developing, commercializing, and branding innovative products for the treatment of dermatologic conditions.
• The treatment devices segment is expected to account for the largest revenue share during the forecast period which is attributed to the accessibility of a wide range of dermatological treatment options and introduction of innovative laser device technologies. For example, Lumenis Ltd., the world's leading producer of energy-based medical devices for cosmetic, surgical, and ophthalmic applications, launched the NuEra Tight with FocalRF technology on 17 August 2020. The technology provides a breakthrough in personalized non-invasive RF body treatments that are tailored to each patient's exact demands, helping to drive market revenue growth.
• The diagnostic devices segment is expected to register a steady CAGR during the forecast period. It is further sub-segmented into skin cancer diagnosis and others. Given the rise in skin cancer prevalence, the sub-segment of skin cancer diagnosis has the largest revenue share. Furthermore, new research and development on skin cancer diagnostics is driving market revenue growth. For example, roughly 3.3 million individuals in the United States are diagnosed with basal and squamous cell carcinomas each year. URSKIN is a device created by researchers at Huntsman Cancer Institute (HCI) and the University of Utah that employs a technology known as non-visual electrical impedance demography to exploit changes in the electrical properties of skin that occur during cancer cell proliferation (EID).
• Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed primarily to rising frequency of skin cancer and other skin conditions such as atopic dermatitis and psoriasis, as well as widespread awareness of cosmetic operations. Acne, for example, is the most common skin condition in the United States, affecting up to 50 million individuals each year. Acne affects around 85 percent of individuals between the ages of 12 and 24. According to recent studies, about 8 million individuals in the United States suffer from psoriasis. As a result, the region's expanding prevalence of skin disorders is rising demand for dermatological devices.

Dermatology Devices Market Segmentation:

Market Overview:

The report bifurcates the Dermatology Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Product Outlook (Revenue, USD Billion; 2019–2030)
• Diagnostic Devices
• Treatment Devices

• Application Outlook (Revenue, USD Billion; 2019–2030)
• Diagnostic Devices
• Treatment Devices

• End-Use Outlook (Revenue, USD Billion; 2019–2030)
• Hospitals
• Clinics
• Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the Dermatology Devices Market report is an exhaustive database that will help readers formulate lucrative strategies. The Dermatology Devices Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Dermatology Devices market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Dermatology Devices with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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