Dermatology Devices Market Is Likely To Reach A Valuation Of USD 25.7 Billion By 2025: Grand View Research, Inc.

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The global dermatology devices market is expected to reach a value of USD 25.7 billion by 2025, according to a report by Grand View Research, Inc. Increasing demand for esthetic procedures for treating skin and hair problems can propel the market growth during the forecast period.

According to a report published by Grand View Research, Inc.; the global dermatology devices market is anticipated to reach a valuation of USD 25.7 billion by 2025. Increasing demand for esthetic procedures for treating skin and hair problems can propel the market growth during the forecast period (from 2018 to 2025). Growing cases of skin cancer are also expected to boost the market growth in the coming years. As per The Skin Cancer Foundation, about 10,130 deaths were caused by melanoma, a life-threatening skin cancer, in 2016. Additionally, growing incidences of skin disorders, such as acne, eczema, skin lesions, and psoriasis, due to hectic lifestyle and unhealthy eating habits are likely to support the market growth.

Dermatology diagnostic devices can aid in early diagnosis of cancerous cells. Rising cases of obesity has increased the demand for fat removal procedures, such as liposuction. This is also expected to contribute toward the market development. Furthermore, technological developments and introduction of advanced devices can create a positive outlook for the market in the coming years. The global dermatology devices market can be segmented on the basis of devices type, diagnostic devices type, diagnostic devices application, treatment devices type, treatment devices application, end-use, and region. Based on devices type, the market can be classified into treatment devices and diagnostic devices. The treatment segment accounted for the major market share in 2015 owing to increased adoption of aesthetic procedures for the treatment of skin ailments.

Full Research Report On Dermatology Devices Market Analysis: 
www.grandviewresearch.com/industry-analysis/dermatology-devices-market

North America dermatology devices market, by product, 2014 – 2025 (USD Million)

 

North America dermatology devices market, by product, 2014 - 2025 (USD Million)

The diagnostic segment is anticipated to exhibit profitable gains during the forecast period. High prevalence of skin cancer and other skin diseases can drive the segment growth.

On the basis of diagnostic devices, the market can be categorized into imaging, dermatoscopes, and microscopes. In 2015, the imaging segment estimated for the major market share owing to technological developments and high incidences of skin cancer. Based on diagnostic devices application, the market can be fragmented into skin cancer diagnosis and others. The skin cancer diagnosis led the application segment in 2015. On the basis of treatment devices, the market can be categorized into cryotherapy, light therapy, electrosurgical equipment, lasers, microdermabrasion, and liposuction.

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U.S. dermatology diagnostic devices market share, by type, 2015

U.S. dermatology diagnostic devices market share, by type, 2015

The liposuction segment is anticipated to exhibit a notable growth during the forecast period due to increasing adoption of fat removal procedures. The light therapy segment led the market in 2015 due to its high adoption in skin lesion treatment. Based on treatment devices application, the market can be segmented into hair removal, skin rejuvenation, tattoo removal, acne, psoriasis, wrinkle removal and skin resurfacing, body contouring and fat removal, vascular and pigmented lesion removal, and others. The vascular and pigmented lesion segment held for the largest market share in 2015 owing to high susceptibility of vascular lesion that may lead to skin tumor.

The acne, psoriasis, and tattoo removal segment is expected to witness a significant development during the forecast period due to rising cases of skin problems. On the basis of end-use, the market can be classified into clinics, hospitals, and others. In 2015, the hospital segment led the market as a result of a number of treatments performed in hospitals. The others segment is anticipated to exhibit a momentous CAGR during the forecast period. This segment includes e-commerce and diagnostic centers. Geographically, the market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America led the market in 2015 due to high awareness regarding esthetics.

High incidences of obesity, particularly in U.S., is also one of the crucial factors driving the region’s growth. Asia Pacific is likely to exhibit remunerative growth over the forecast period due to rapid development in medical tourism sector resulting in the availability of cost-effective treatments. Some of the leading companies in the market include Cynosure, Inc.; Alma Lasers, Ltd.; Valeant Pharmaceuticals International Inc.; Solta Medical, Inc.; and Cutera, Inc.

Grand View Research has segmented the dermatology devices market on the basis of diagnostic devices (type and application), treatment devices (type and application), and region:

Dermatology Devices Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Diagnostic Devices

  • Treatment Devices

Dermatology Diagnostic Devices Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Imaging Devices

  • Dermatoscopes

  • Microscopes

Dermatology Diagnostic Devices Application Outlook (Revenue, USD Million; 2014 -2025)

  • Skin Cancer Diagnosis

  • Others

Dermatology Treatment Devices Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Light Therapy Devices

  • Lasers

  • Electrosurgical Equipment

  • Liposuction Devices

  • Microdermabrasion Devices

  • Cryotherapy Devices

Dermatology Treatment Devices Application Outlook (Revenue, USD Million; 2014 -2025)

  • Hair Removal

  • Skin Rejuvenation

  • Acne, Psoriasis, and Tattoo Removal

  • Wrinkle Removal and Skin Resurfacing

  • Body Contouring and Fat Removal

  • Vascular and Pigmented Lesion Removal

  • Others

Dermatology Devices End-Use Outlook (Revenue, USD Million; 2014 – 2025)

  • Hospitals

  • Clinics

  • Others

Dermatology Devices Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • MEA

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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