Dermatology Devices Market Is Projected To Grow At A CAGR 12.7% CAGR from 2014 to 2025: Grand View Research, Inc.
The global dermatology devices market is expected to reach a
value of USD 25.7 billion by 2025, according to a new report by Grand View
Research, Inc. Dermatology devices are expected to grow at a faster rate due to
rising concern amongst people regarding esthetics. This has led to rising
awareness about various types of esthetic procedures used for treating hair-
and skin-related disorders. Primarily, women suffer from these disorders.
Hence, they are considered as the highest revenue generators for the market.
Incidence of skin disorders is
continuously rising amongst people owing to their irregular lifestyle and food
habits. Skin disorders such as psoriasis, acne, eczema, and skin lesions are
some of the common skin ailments amongst people. Melanoma is a life-threatening
skin cancer, which often results due to these skin disorders. Dermatology
diagnostic devices help in the early diagnosis of such deadly cancerous
diseases.
Obesity has become one of the
major issues for both the male and female population. Hence, fat removal
procedures are being highly adopted. Liposuction is considered as an effective
treatment for obese people. Moreover, the geriatric population is also highly
concerned about their esthetic appearance. In order to enhance their esthetic
appeal, they go for skin tightening and wrinkle removal procedures. In
addition, technological advancements in laser treatments are continuously
growing for dermatology devices market, which is making it a lucrative field
for people concerned with esthetics.
North America dermatology devices market, by product,
2014 - 2025 (USD Million)
Browse full research report on Dermatology
Devices Market
Further key findings from the report suggest:
- Imaging
devices dominated the market in 2015 due to high incidence of skin cancer
and technological advancements in related products
- Light therapy
devices held the largest market share in 2015 due to its wide usability by
dermatologists for skin lesion treatment
- Skin cancer
diagnosis was the highest revenue generator segment in 2015 owing to the
high prevalence of skin cancer, particularly, melanoma
- Vascular and
pigmented lesion removal dominated the market in 2015 due to the high
susceptibility of vascular lesion leading to skin tumor
- Acne,
psoriasis, and tattoo removal is expected to gain lucrative growth over
the forecast period due to growing number of people experiencing acne
related problems
- North America
dominated in 2015 owing to the high penetration of light therapy and
laser-based instruments in the field of dermatology devices and skin
rejuvenation
- Some of the
key companies include Cynosure, Inc., LUMENIS, Valeant Pharmaceuticals
International Inc., Alma Lasers, Ltd., Cutera, Inc., Syneron Medical Ltd.,
and Avita Medical Ltd.
For more information:
http://www.grandviewresearch.com
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