As per our report, the size of the global dermatology diagnostic devices market is forecasted to grow USD 40.3 Billion by 2027 from USD 28.24 billion in 2022. The market is showcasing a CAGR of 7.37% during the forecast period.
Dermatology Diagnostic Devices are the devices that are used to treat different skin diseases. Dermatology is one of the major markets in the healthcare industry. Dermatology diagnostic devices are imaging devices, microscopes and dermatoscopes, and other devices. These diagnostic equipment are being utilized for skin-related diseases & treatment also. In the last few years, the use of these diagnostic devices is rising rapidly. Several countries invest in dermatological diagnostic devices to treat the disease such as psoriasis, leukemia, hive, rosacea, etc.
MARKET DRIVERS:
The growing incidence of skin-related diseases worldwide is majorly attributing the growth to the dermatology diagnostic devices market.
The increasing prevalence of melanoma and other skin-related diseases primarily boosts the market growth of dermatology diagnostic devices. As per the American Cancer Society, an estimated number of 96,000 new melanoma cases were diagnosed in the United States in 2019. As per the Cancer Statistics Center, 100,350 new melanoma cases and 6,850 deaths are estimated to report in the United States by the end of 2020.
Skin rejuvenation, rising beauty consciousness in the people (both in men and women) are further anticipated to drive market growth to the dermatology diagnostic devices. In Hospitals & clinics, an increasing number of treatment options & facilities will gain the market of diagnostic devices. Rising demand for the non-invasive cosmetic procedure for skin dis-orders drive market growth.
MARKET RESTRAINTS:
The diagnostic devices have high prices & expensive and are hampering the market growth of dermatology diagnostic devices. The advanced technology required specialists, but practitioners don't know how to handle more effective skin diseases; it can reduce the diagnostic device market and the practitioner who works under dermatologists.
Impact of COVID-19 on the global dermatology diagnostic devices market:
The COVID-19 outbreak affected the dermatology product industry. The closing of non-essential businesses has disrupted the dermatology market, and consumers are now opting for online cosmetic home treatments. Dermatology is a field of medicine that focuses on the study, diagnosis, and treatment of skin diseases. Skin is the largest organ in the human body; it is responsible for a substantial portion of health problems. Visual analysis is used to make the diagnosis, which is then followed by a microscopic examination of the skin.
A dermatology diagnostic device is a form of device used to diagnose various skin disorders and other health issues, such as skin cancer, skin lesions, scalp problems, and other skin issues. If more people pursue beauty expertise from the comfort of their own homes, dermatology brands will take advantage of this opportunity to update their online offerings, include e-consultation services, and invest in advanced technology. Non-urgent emergency operations and surgical procedures must be delayed until the COVID-19 crisis exits, and the hospital must ensure the continuity of treatment given to patients. As a result, the dermatology diagnostic devices market has been severely impacted, with many declines.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
|
Segments Analysed |
By Application, Type, Dermatoscopes, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global dermatology diagnostic devices market has been segmented and sub-segmented based on application, type, dermatoscopes, and region.
Dermatology Diagnostic Devices Market - By Application:
Based on application, the skin cancer diagnosis segment is expected to account for the largest share of the market during the forecast period.
Dermatology Diagnostic Devices Market - By Type:
Based on Type, the imaging devices category is anticipated to command the largest share of the market during the aforementioned forecast period. It is due to the technological advancements and rising awareness regarding aesthetic procedures.
Dermatology Diagnostic Devices Market - By Dermatoscopes:
Dermatology Diagnostic Devices Market - By Region:
The global market is dominated by North America, followed by Europe and Asia. North America is likely to lead the market in the aforementioned forecast period owing to the steady presence of numerous healthcare sector players in the region.
Asia is anticipated to experience the highest CAGR during the aforementioned forecast period, with the development of this market centered on Japan, China, and India. Increasing the incidence of skin diseases, rising healthcare expenditure, and growing awareness regarding aesthetic procedures are the reasons attributable to the observable trend mentioned above.
KEY MARKET PARTICIPANTS:
Major Competitors in the Global Dermatology Diagnostic Devices Market profiled in the report are Alma Lasers, Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Valeant Pharmaceuticals International, Inc., Gen, Inc., Bruker Corporation, Carl Zeiss, Genesis Biosystems, Inc. and Heine Optotechnik GmbH & Co. Kg.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Introduction
5.1.2 Skin Cancer Diagnosis
5.1.3 Other Diagnostic Applications
5.1.4 Y-o-Y Growth Analysis, By Application
5.1.5 Market Attractiveness Analysis, By Application
5.1.6 Market Share Analysis, By Application
5.2 Type
5.2.1 Introduction
5.2.2 Imaging Devices
5.2.3 Dermatoscopes
5.2.4 Microscopes
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Dermatoscopes
5.3.1 Contact Oil Immersion Dermatoscopes
5.3.2 Cross-Polarized Dermatoscopes
5.3.3 Hybrid Dermatoscopes
5.3.4 Y-o-Y Growth Analysis, By Dermatoscopes
5.3.5 Market Attractiveness Analysis, By Dermatoscopes
5.3.6 Market Share Analysis, By Dermatoscopes
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.3.3 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.4.3 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.1.5.3 By Type
6.2 North America
6.2.1 Introduction
6.2.2 United States
6.2.3 Canada
6.3 Europe
6.3.1 Introduction
6.3.2 U.K
6.3.3 Spain
6.3.4 Germany
6.3.5 Italy
6.3.6 France
6.4 Asia-Pacific
6.4.1 Introduction
6.4.2 China
6.4.3 India
6.4.4 Japan
6.4.5 Australia
6.4.6 South Korea
6.5 Latin America
6.5.1 Introduction
6.5.2 Brazil
6.5.3 Argentina
6.5.4 Mexico
6.5.5 Rest of Latin America
6.6 Middle East & Africa
6.6.1 Introduction
6.6.2 Middle-East
6.6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Alma Lasers, Ltd.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cutera, Inc.
8.3 Cynosure, Inc.
8.4 Lumenis, Ltd.
8.5 Valeant Pharmaceuticals International, Inc.
8.6 3Gen, Inc.
8.7 Bruker Corporation
8.8 Carl Zeiss
8.9 Genesis Biosystems, Inc.
8.10 Heine Optotechnik GmbH & Co. Kg
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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