An Incisive, In-depth Analysis on the Dermatology Devices Market
This study offers a comprehensive, 360 degree analysis on the Dermatology Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Dermatology Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Dermatology devices comprise lasers, RF devices, microdermabrasion devices, and other related accessories. These devices are installed in hospitals and dermatology clinics to assist physicians and non-physician clinicians to treat skin diseases and are also used to diagnose skin cancer. In terms of revenue, the global dermatology devices market is projected to register a CAGR of 7.0% during the forecast period and is expected to be valued at US$ 5,307.6 Mn by the end of 2026.
Rising demand for non-invasive dermatological procedures and increasing aesthetic awareness are factors boosting the adoption of dermatology devices globally
Growth of the global dermatology devices market is primarily driven by increasing prevalence of skin problems including acne leading to scars, growing demand for at-home devices, and significant increase in non-invasive liposuction procedures along with a growing obese population. The global market for dermatology devices is expected to witness a significant growth rate in terms of value owing to an increasing awareness of aesthetic medicine and cosmetic surgery, increasing fashion consciousness, and the growing demand for non-invasive cosmetic correction procedures. Moreover, growing healthcare expenditure, increasing geriatric population, and rising disposable income is creating high potential growth opportunities for players operating in the global dermatology devices market.
However, high costs of dermatological treatments, side effects related to dermatological treatments, and uncertainty related to U.S. Healthcare reforms might hinder market growth over the forecast period (2016 – 2026).
By Product Type
By End User
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Lasers product type segment expected to dominate the market by 2016 end, due to an increasing application in cosmetic correction procedures
In terms of revenue share, the Lasers segment dominated the global dermatology devices market in 2015 and is expected to dominate throughout the forecast period, registering a higher CAGR over the forecast period. The RF Devices segment include radio frequency beauty equipment which is expected to witness a CAGR of 6.6% in terms of value over the forecast period.
Vascular Lesions application segment anticipated to hold high market share through 2026
The Vascular Lesions segment held maximum share in 2015 and is expected to continue its dominance throughout the forecast period. The Tattoo Removal segment is anticipated to reach US$ 943.9 Mn by 2026 owing to an increase in awareness among people regarding the health hazards caused by tattoo ink at later stages of life.
Specialty Dermatology Clinics end user segment has been growing owing to an increasing preference for specialists for cosmetic correction treatments
The Speciality Dermatology Clinics segment is estimated to account for 36.2% revenue share of the global dermatology devices market by 2016 end. Number of patients preferring private clinics over hospitals has been increasing over the years, as additional costs such as management costs are not associated with private clinics.
North America is expected to dominate the global market by 2016 end
The North America regional market is anticipated to account for 22.6% revenue share of the global dermatology devices market by 2016 end and is expected to gain in terms of market share due to increase in skin disorders, skin cancer, and a growing preference for cosmetic surgeries. In terms of value, Eastern Europe is expected to register the highest CAGR of 8.6% over the forecast period.
Dermatology devices manufacturers are likely to target APEJ and MEA markets through mergers with established local players in the laser and RF devices market to increase their customer base
Valeant Pharmaceuticals International Inc., Cynosure Inc., Lumenis, Syneron Candela Ltd., Avita Medical Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., Cutera, Lutronics Corporation, and Beijing Toplaser Technology Co. Ltd. are some of the top companies operating in the global dermatology devices market.
In its latest report titled “Dermatology Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” Future Market Insights offers a 10-year forecast for the global dermatology devices market. Our primary objective is to offer updates and information related to market opportunities in the global dermatology devices market. In this study, we reveal the key market trends and dynamics impacting the global dermatology devices market over the forecast period (2016 – 2026). Insights on major drivers, restraints, value forecasts, and opportunities for companies operating in the global dermatology devices market are presented in detail in our comprehensive market report.
The report begins with an overview of the global dermatology devices market and provides market definition followed by definitions of the different dermatology devices product types. The section on market dynamics includes our in-depth analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth and performance of the global dermatology devices market. To understand and assess opportunities in this market, the report is categorically split into four sections based on market segmentation – by product type, by application, by end user, and by region. The subsequent sections provide a detailed market outlook of the global dermatology devices market on the basis of product type, application, end user, and region.
In the final section of the report, we have included a dashboard view of leading companies operating in the global dermatology devices market. This section is primarily designed to provide an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the global dermatology devices market. We have also profiled some of the top market players and evaluated their long-term and short-term strategies, key product offerings, and recent developments in the global dermatology devices market.
To ascertain the global dermatology devices market size, we have taken into account the revenue generated across the different market segments, sub-segments, and regions. Our study provides an analysis of the global dermatology devices market in terms of market value (US$ Mn). In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global dermatology devices market is expected to perform in future. We have leveraged in-depth secondary research to ascertain overall market size, top industry players, top products, industry associations, etc. More data on the market dynamics and performance has been ascertained through detailed primary research by conducting interviews with key stakeholders operating in the global dermatology devices market. Given the characteristics of the market, we have validated our research data by the triangulation method, taking into account both primary and secondary research. This triangulated data is then validated through advanced tools to obtain both qualitative and quantitative insights. Considering the ever-fluctuating nature of the global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth rates to understand market predictability and identify the right opportunities across the global dermatology devices market.
We have also analysed the different segments of the global dermatology devices market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global dermatology devices market. Another key feature of our report is the analysis of key segments in terms of absolute dollar opportunity, critical in evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective in the global dermatology devices market. Further, to understand key market segments in terms of growth in the global dermatology devices market, we have developed the global dermatology devices market attractiveness index to help providers identify real market opportunities in the global dermatology devices market.