Global Dermatology Devices Market to Discern Steadfast Expansion Till 2022

Posted by Arslan on January 3rd, 2019

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.

Demand for procedures pertaining to non-invasive cosmetic correction has increased, with soaring healthcare expenditure, growing geriatric population, and rise in purchasing power of individuals in developed as well as developing economies. However, high prices of dermatology devices result into expensive dermatological treatments, which acts as a challenge to adoption of these procedures. In addition, various side effects are attributed to dermatological treatments, which further pose huge challenges for players in the global dermatology devices market. The global market for dermatology devices is projected to expand at an impressive CAGR throughout the forecast period 2017 to 2022. The market is estimated to surpass revenues worth US$ 1,000 Mn by 2022-end.

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.

Competition Tracking

Key players mentioned in Fact.MR’s report on the Global dermatology devices market include B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Heal Force Bio-meditech Holdings Limited, Johnson & Johnson Private Limited, Bovie Medical Corporation, Medtronic Plc, Smith and Nephew Co., and AngioDynamics, Inc.