Dermatology Devices Market Insights, Trends & Future Development Status Recorded

Posted by Arslan on December 20th, 2018

Dermatology devices consist of microdermabrasion devices, RF devices, lasers, and several other associated accessories. Dermatology devices are installed in dermatology clinics and hospitals in order to assist physicians as well as non-physician clinicians for treatment of skin diseases. These devices are also utilized for diagnosis & treatment of skin cancer.

Over the past few years, the prevalence of skin cancer has been surging across the globe. According to “The Skin Cancer Foundation” approximately 10,130 people faced deaths caused by melanoma in 2016. For reducing such high mortality rates, the demand for rapid diagnosis of skin-related diseases, especially skin cancer. Furthermore, various diagnostic equipment are being utilized for treating different types of skin cancer, for example – dermatoscopes have become imperative for detection of melanoma, by evaluation of pigmented lesions. A slew of technological advancements have been witnessed in dermatology devices, for instance – light therapy and laser instruments have made improvements in the aesthetic appeal of people. Advanced liposuction equipment have also led to improvements in body contouring treatment. Vibration- and power–assisted liposuction devices are effectively assisting in reducing tremendous amount of fat in a short period of time. Such developments will continue to influence growth of the global dermatology devices market.

North America to Remain Dominant in the Global Dermatology Devices Market

North America is projected to retain its dominance in the global dermatology devices market, in terms of revenues. Sales of dermatology devices in Asia Pacific excluding Japan (APEJ) will exhibit the highest CAGR through 2022, followed by Europe. Europe will continue to remain the second largest market for dermatology devices over the forecast period.

Radiofrequency electrosurgery devices will remain the most lucrative dermatology devices, and revenues from sales of these devices will account for over one-third share of the market during 2017 to 2022. Sales of ultrasonic electrosurgery devices are expected to account for the lowest revenues in the market.

Although hospitals are expected to remain the largest end-users of dermatology devices, sales in dermatology clinics will register the fastest expansion during the forecast period. Based on application, dermatology devices will witness the largest adoption in hair removal, followed by stretch marks reduction.

9 Key Estimations for the Global Dermatology Devices Market

1. Radiofrequency electrosurgery devices are expected to remain the most lucrative product in the market, and sales of these devices are estimated to account for more than one-third revenue share of the market over the forecast period.
2. Revenues from ultrasonic electrosurgery devices sales are anticipated to hold the lowest share of the market.
3. Although hospitals are estimated to remain the largest end-users in the global dermatology devices market, sales of these devices in dermatology clinics are expected to register the highest CAGR during the forecast period.
4. On the basis of application, dermatology devices are anticipated to witness the largest adoption in procedures of hair removal.
5. Stretch marks reduction will continue to be the second largest application of dermatology devices in the market.
6. North America is estimated to remain dominant in the global market for dermatology devices, in terms of revenues.
7. Dermatology devices sales across Asia Pacific excluding Japan (APEJ) are expected to exhibit the fastest expansion over the forecast period, followed by Europe.
8. Europe is projected to remain the second most lucrative market for sales of dermatology devices.
9. Key market players profiled in the report include Erbe Elektromedizin GmbH, Johnson & Johnson Private Limited, Medtronic Plc, Smith and Nephew Co., B. Braun Melsungen AG, Heal Force Bio-meditech Holdings Limited, Bovie Medical Corporation, and AngioDynamics, Inc.

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