Dermatology Devices Market by Type (Diagnostic Devices (Dermatoscopes, Imaging Devices), Treatment Devices (Laser, Cryotherapy, Liposuction), Application (Skin Cancer, Acne, Psoriasis, Skin Rejuvenation, Tattoo Removal) - Global Forecast to 2027
[245 Pages Report] The global dermatology devices market is projected to reach USD 11.3 billion by 2027 from USD 6.2 billion in 2022, at a CAGR of 12.7% during the forecasted period (2022 to 2027). Dermatology devices help dermatologists and surgeons in diagnosing and treating skin disorders. These devices are used by various medical care providers, such as hospitals, dermatology clinics, physician offices, and academic research institutes. The rising incidence of skin diseases and increasing awareness of aesthetic procedures are the primary growth drivers for the dermatology devices market. The expansion of healthcare infrastructure in developing regions is expected to provide growth opportunities to players operating in this market. However, reimbursement issues and stringent regulatory policies for medical devices are estimated to restrain the growth of this market.
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COVID -19 IMPACT
The COVID-19 pandemic significantly affected the dermatology devices market. The beauty and luxury sector faced challenges in its manufacturing and supply chain, such as delivering products to end-users in a timely manner as well as attending to an uneven demand for products and services. The market faced a period of short-term negative growth, which was attributed to factors such as a decline in the product demand from key end-users, limited operations in most of the industries, temporary closure of key end-user facilities (including beauty centers and spas), disrupted supply chains, and challenges in terms of providing essential/post-sales services due to lockdowns.
The global spread of COVID-19 led to the complete suspension of elective surgeries, especially in the most-affected countries. Some regions witnessed up to a 70% reduction in the number of patients seeking aesthetic treatments from January 2020 onwards. In addition, in some regions, clinics were voluntarily shut down to protect their staff from COVID-19. The pandemic also resulted in a major impact on the income levels of the population. Considering this, several prospective patients changed their priorities and put on hold their plans of undergoing aesthetic procedures, at least in the short term.
As per a survey conducted among 1,360 aesthetic practitioners in the UK, it was found that almost 100% of businesses had been affected by the pandemic (Source: April 2020, Hamilton Fraser Cosmetic Insurance). Among these, 49% of the aesthetic practitioners claimed that they find it risky to perform procedures post lockdown, as the threat of getting affected still continues.
The outbreak of COVID-19 negatively impacted the dermatology devices market in 2020. Between 2019 and 2020, Cutera, Inc. registered a decrease of 18.7% in its revenue, Lumenis, Ltd. (a subsidiary of Boston Scientific) registered a decrease of 8% in its revenue, while Bruker Corporation registered a decrease of 4% in its revenue.
Companies with manufacturing bases in the US and China have been particularly affected by the pandemic. Despite the challenging situation, industries are gradually recovering from the impact of the pandemic. Also, as supply and distribution channels are beginning to open up, business operations are likely to rise at a slow and steady rate in the near future. However, there remains a need to not only strategize better recovery plans but also to introduce more efficient and sustainable reforms to address similar situations in the long run. Besides ensuring a strong foothold in the rapidly shifting competitive dynamics, companies must focus on devising proactive strategies with risk mitigation plans to minimize the impact on overall productivity and efficiency.
Market Dynamics
Driver: Rising adoption of aesthetic procedures among geriatric individuals
The global population of individuals aged 60 years and above is expected to increase from 880 million in 2011 to 2.1 billion by 2050, representing 22% of the worlds population (Source: UN Population Division). The process of aging is associated with progressive deterioration of the skin. Subsequently, the demand for aesthetic procedures, such as anti-wrinkle treatment and skin tightening, is expected to grow among the elderly.
According to the American Society for Aesthetic Plastic Surgery, in 2019, nearly 204,745 liposuction procedures were performed in people aged 5164 years, and 35,289 procedures were performed in people aged 65 years and above in the US. In 2018, these figures were 225,067 procedures in people aged 5164 years and 32,573 procedures in people aged 65 years and above. However, in 2020, these figures were 38,389 procedures in people aged 5569 years and 3,165 procedures in people aged 70 years and above, mainly due to the COVID-19 pandemic. However, the market is recovering now
Growing adoption of minimally invasive and non-invasive aesthetic procedures
In the past decade, there has been a significant increase in the preference for minimally invasive and non-invasive aesthetic procedures over traditional surgical procedures. Minimally invasive/non-surgical alternatives offer various advantages over traditional surgical procedures, such as less pain, reduced scarring, and quicker recovery. These procedures are also more economical than traditional surgical procedures.
The increasing demand for aesthetic procedures is driving the market for treatment devices as well as aesthetic lasers and cosmetic dermatology. These lasers are used in aesthetic procedures such as hair removal, skin rejuvenation, acne, psoriasis, tattoo removal, wrinkle removal, skin resurfacing, vascular lesions, and pigmented lesions, among other skin diseases. Lasers with longer wavelengths and better configurations have expanded the range of beauty treatments, making the aesthetic lasers industry a lucrative one. This market is being driven primarily by the more expensive CO2 and YAG laser systems, which can sell for more than USD 50,000 each and have gained tremendous popularity amongst users.
According to the American Society for Aesthetic Plastic Surgery, there were over 15,595,955 surgical and non-surgical cosmetic procedures performed in the US in 2020. Surgical procedures accounted for 13.6% of the total number of procedures performed, with non-surgical procedures making up 87.4% of the total number of procedures. This represented a 15% decrease in the number of aesthetic procedures performed in the US from 2019 to 2020. Moreover, in 2000, there were nearly 6,748,610 cosmetic procedures (surgical and non-surgical) performed in the US. Some highlights of this data include:
According to the American Society for Aesthetic Plastic Surgery, in 2000, nearly 735,996 laser hair removal treatment procedures were performed in the US as compared to 757,808 in 2020, representing an increase of 3%. A total of 1,055,456 procedures were performed in 2019, representing a decrease of 28% compared to 2020 (mainly due to the COVID-19 pandemic).
According to the American Society for Aesthetic Plastic Surgery, in 2000, nearly 786,911 Botulinum Toxin treatments were performed in the US, which increased by 459% to reach 4,401,536 in 2020. However, between 2019 (5,043,057 procedures performed) and 2020, there was a decrease of 13% in the total number of procedures performed, mainly due to the COVID-19 pandemic.
With the growth in the number of minimally invasive and non-invasive aesthetic procedures, the demand for several products, including botulinum toxin, chemical peels, and photo rejuvenation products, is expected to increase in the coming years.
Restraint: Clinical risks and complications associated with dermatology procedures
In the last two decades, dermatology procedures have become increasingly popular. The market has witnessed significant growth in the demand for aesthetic treatments owing to the rise in the number of doctors and surgeons providing safe and effective dermatology treatments and the launch of technologically advanced products for the same. However, dermatology procedures are associated with various possible side effects. Patients undergoing aesthetic treatments may face several risks and complications after or during the procedure. Some of these risks are listed below:
- Pigment changes: Laser hair removal might darken or lighten the affected skin. These changes might be temporary or permanent. Skin lightening primarily affects those who do not avoid sun exposure before or after treatment and those who have darker skin
- Skin irritation: Laser hair removal can cause temporary discomfort, redness, and edema. Any signs and symptoms usually go away after a few hours
Other issues related to aesthetic treatments include anesthesia-related complications, organ damage, and infections. Red light therapy is thought to be painless and safe. However, there have been complaints of RLT units causing burns and blisters. Burns were reported in a few people after they fell asleep with the unit on, while others were burned by damaged wires or gadget corrosion. Although less harmful to the eyes than typical lasers, red light therapy may necessitate the use of eye protection. These problems are expected to hamper the adoption of dermatology treatments.
The imaging devices are accounted to hold the highest CAGR of the dermatology devices market, by type during forecasted period.
Based on type, the dermatology diagnostic devices market is segmented into imaging devices, dermatoscopes, and microscopes. During forecasted period, the imaging devices segment accounted for the highest CAGR of the dermatology diagnostic devices market. The highest CAGR of this segment can be attributed to technological advancements and the increasing incidence of skin diseases.
The skin cancer diagnosis are accounted to hold the highest CAGR of the dermatology devices market, by application during forecasted period.
Based on application, the dermatology diagnostic devices market is segmented into skin cancer diagnosis and other diagnostic applications. During forecasted period, the skin cancer diagnosis segment accounted for the highest CAGR of the market. The highest CAGR of this segment can be attributed to the rising incidence of skin cancer.
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North America commanded the largest share of the dermatology devices in 2021.
Based on region, the dermatology devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America has the largest share of the dermatology devices market. The large share of this regional segment can be attributed to factors such as the rising incidence of skin diseases, increased awareness about aesthetic procedures, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region.
Key Market Players
The major players operating in this market are Alma Lasers, Ltd. (a subsidiary of Sisram Medical Ltd.) (Israel), Cutera, Inc. (US), Cynosure Inc. (US), El.En. S.p.A.(Italy), Lumenis, Ltd. (a subsidiary of Boston Scientific) (Israel), Solta Medical (a subsidiary of Bausch Health Companies Inc.) (US), Bruker Corporation (US), Carl Zeiss (Germany), Candela Corporation (US), Genesis Biosystems, Inc. (US), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics Ltd. (UK), PhotoMedex, Inc. (US), Leica Microsystems (a subsidiary of Danaher Corporation) (US), Olympus Corporation (Japan), FotoFinder Systems GmbH (Germany), Canfield Scientific, Inc. (US), Beijing Toplaser Technology Co., Ltd. (China), DermLite (US), Syneron Medical Ltd. (a part of Apax Partners) (US), Aerolase (US), and Bovie (a subsidiary of Symmetry Surgical) (US).
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|
Report Metric |
Details |
|
Market Size Available for Years |
20172027 |
|
Base Year Considered |
2021 |
|
Forecast Period |
20222027 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
Type, application, and region |
|
Geographies Covered |
North America (the US and Canada), Europe (Germany, France, UK, Italy, Spain, and the RoE), APAC (Japan, China, India, and the RoAPAC), and the Rest of the World (RoW) (the Middle East & Africa and Latin America) |
|
Companies Covered |
Alma Lasers, Ltd. (a subsidiary of Sisram Medical Ltd.) (Israel), Cutera, Inc. (US), Cynosure Inc. (US), El.En. S.p.A. (Italy), Lumenis, Ltd.(a subsidiary of Boston Scientific) (Israel), Solta Medical (a subsidiary of Bausch Health Companies Inc.) (US),Bruker Corporation (US), Carl Zeiss (Germany), Candela Corporation (US), Genesis Biosystems, Inc. (US), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics Ltd. (UK), PhotoMedex, Inc. (US), Leica Microsystems (a subsidiary of Danaher Corporation) (US), Olympus Corporation (Japan), FotoFinder Systems GmbH (Germany), Canfield Scientific, Inc. (US), Beijing Toplaser Technology Co., Ltd. (China), DermLite (US), Syneron Medical Ltd. (a part of Apax Partners) (US), Aerolase (US), and Bovie (a subsidiary of Symmetry Surgical) (US). |
This research report categorizes the dermatology devices market into the following segments and subsegments:
Dermatology devices Market by Product
- Dermatology diagnostics devices, by Type
- Dermatoscopes
- Microscopes
- Imaging Devices
- Dermatology treatment devices, by Type
- Light Therapy Devices
- Lasers
- Electrosurgical Equipment
- Liposuction Devices
- Microdermabrasion Devices
- Cryotherapy Devices
Dermatology devices Market by Application
- Dermatology diagnostics devices, by Application
- Skin Cancer Diagnosis
- Other Diagnostic Applications
- Dermatology treatment devices, by Application
- Hair Removal
- Skin Rejuvenation
- Acne, Psoriasis, and Tattoo Removal
- Wrinkle Removal and Skin Resurfacing
- Body Contouring and Fat Removal
- Vascular and Pigmented Lesion Removal
- Warts, Skin Tags, and Weight Management
- Other Treatment Applications
Dermatology devices Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Key developments:
- In 2022, Cynosure, Inc. collaborated with Clayton, Dubilier & Rice and announced a new investment of USD 60 million from lead investor Clayton, Dubilier & Rice
- In 2021, Lumenis entered into a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific. The acquisition of Lumenis Surgical (including its robust product portfolio, global team, and the Israeli surgical laser center of excellence) represents a major milestone for the Lumenis team and will enable Boston Scientific to enhance the execution of its urology strategy.
- In 2022, Candela collaborated with The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, Laserplast, this collaboration enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan
- In 2022, Canfield Scientific, Inc. acquired Medici Medical s.r.l. to create Canfield Scientific s.r.l., open a state-of-the-art facility near Modena, and launch a medical dermatology education program.
- In 2021, Alma launched Alma PrimeX, a non-invasive platform for body contouring and skin tightening.
- In 2021, Alma launched Alma Hybrid, which exclusively combines 3 powerful energy sources to deliver effective results.
Frequently Asked Questions (FAQ):
Which region is anticipated to witness considerable growth in the Dermatology devices market?
The Asia Pacific region is anticipated to register the highest CAGR during the forecast period, owing to developing healthcare infrastructure in Asian economies, the growing medical tourism industry, and the introduction of innovative products by market players.
Which product is expected to hold the largest share in the Dermatology devices market?
In 2021, the dermatology treatment devices accounted for the largest share of the global dermatology devices market. The large share of this segment can be attributed to the growing adoption of minimally invasive and non-invasive aesthetic procedures and, rising adoption of aesthetic procedures among geriatric individuals.
Which are the driving factors of the Dermatology devices market?
The growth of this market is driven owing to availability of technologically advanced and user-friendly products, rising incidence of skin disorders, the growing adoption of minimally invasive and non-invasive aesthetic procedures and, rising adoption of aesthetic procedures among geriatric individuals.
What are the challenges witnessed in the Dermatology devices market?
Challenges faced by the dermatology devices market include Competitive pricing by low-cost manufacturers and availability of low-cost substitutes, dearth of trained professionals .
What is the impact of COVID-19 on Dermatology devices market?
The COVID-19 pandemic significantly affected the dermatology devices market. The beauty and luxury sector faced challenges in its manufacturing and supply chain, such as delivering products to end users in a timely manner as well as attending to an uneven demand for products and services. The market faced a period of short-term negative growth, which was attributed to factors such as a decline in the product demand from key end users, limited operations in most of the industries, temporary closure of key end-user facilities (including beauty centers and spas), disrupted supply chains, and challenges in terms of providing essential/post-sales services due to lockdowns.
The global spread of COVID-19 led to the complete suspension of elective surgeries, especially in the most-affected countries. Some regions witnessed up to a 70% reduction in the number of patients seeking aesthetic treatments from January 2020 onwards. In addition, in some regions, clinics were voluntarily shut down to protect their staff from COVID-19. The pandemic also resulted in a major impact on the income levels of the population. Considering this, several prospective patients changed their priorities and put on hold their plans of undergoing aesthetic procedures, at least in the short term.
As per a survey conducted among 1,360 aesthetic practitioners in the UK, it was found that almost 100% of businesses had been affected by the pandemic (Source: April 2020, Hamilton Fraser Cosmetic Insurance). Among these, 49% of the aesthetic practitioners claimed that they find it risky to perform procedures post lockdown, as the threat of getting affected still continues.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Years Considered for the Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Market Share Estimation
2.3.1 Key Data From Secondary Sources
2.3.2 Key Data From Primary Sources
2.4 Assumptions
3 Executive Summary (Page No. - 25)
3.1 Introduction
3.2 Conclusion
4 Premium Insights (Page No. - 32)
4.1 Lucrative Opportunities in the Global Dermatology Devices Market
4.2 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidence of Skin Disorders
5.2.1.2 Increase in Aesthetic Procedures
5.2.1.3 Technological Advancements
5.2.1.4 Increasing Healthcare Expenditure
5.2.2 Restraints
5.2.2.1 Stringent Regulatory Policies for Medical Devices
5.2.2.2 Reimbursement Uncertainties and Issues
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Threats
5.2.4.1 Competitive Pricing By Low-Cost Manufacturers, and Availability of Low-Cost Substitutes is A Major Threats for the Dermatology Devices Market
6 Dermatology Diagnostic Devices Market, By Type (Page No. - 42)
6.1 Introduction
6.2 Imaging Devices
6.3 Dermatoscopes
6.4 Microscopes
7 Dermatology Treatment Devices Market, By Type (Page No. - 47)
7.1 Introduction
7.2 Light Therapy Devices
7.3 Lasers
7.4 Electrosurgical Equipment
7.5 Liposuction Devices
7.6 Microdermabrasion Devices
7.7 Cryotherapy Devices
8 Dermatology Diagnostic Devices Market, By Application (Page No. - 57)
8.1 Introduction
8.2 Skin Cancer Diagnosis
8.3 Other Diagnostic Applications
9 Dermatology Treatment Devices Market, By Application (Page No. - 61)
9.1 Introduction
9.2 Hair Removal
9.3 Skin Rejuvenation
9.4 Acne, Psoriasis, and Tattoo Removal
9.5 Wrinkle Removal and Skin Resurfacing
9.6 Body Contouring and Fat Removal
9.7 Vascular and Pigmented Lesion Removal
9.8 Warts, Skin Tags, and Weight Management
9.9 Other Applications
10 Dermatology Devices Market, By Region (Page No. - 72)
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.4 Asia
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Rest of Asia
10.5 Rest of the World
11 Competitive Landscape (Page No. - 113)
11.1 Overview
11.2 Strategic Overview
11.3 Leading Players in the Dermatology Devices Market
11.4 Competitive Situations and Trends
11.4.1 Product Launches
11.4.2 Acquisitions
11.4.3 Expansions
11.4.4 Agreements, Partnerships, and Collaborations
11.4.5 Other Developments
12 Company Profiles (Page No. - 120)
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 Alma Lasers, Ltd.
12.3 Cutera, Inc.
12.4 Cynosure, Inc.
12.5 Lumenis, Ltd.
12.6 Valeant Pharmaceuticals International, Inc.
12.7 3Gen, Inc.
12.8 Bruker Corporation
12.9 Carl Zeiss
12.10 Genesis Biosystems, Inc.
12.11 Heine Optotechnik GmbH & Co. Kg
12.12 Michelson Diagnostics, Ltd.
12.13 Photomedex, Inc.
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 148)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Other Developments
13.4 Knowledge Store: Marketsandmarkets Subscription Portal
13.5 Introducing RT: Real-Time Market Intelligence
13.6 Available Customizations
13.7 Related Reports
13.8 Author Details
List of Tables (79 Tables)
Table 1 Dermatology Devices Market Summary
Table 2 Stringent Regulatory Policies for Validation of Device Products to Restrict Market Growth
Table 3 Availability of Low-Cost Substitutes: A Major Threat in the Dermatology Devices Market
Table 4 Global Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 5 Dermatology Diagnostic Devices Market Size for Imaging Devices, By Region, 20142021 (USD Million)
Table 6 Dermatology Diagnostic Devices Market Size for Dermatoscopes, By Region, 20142021 (USD Million)
Table 7 Dermatology Diagnostic Devices Market Size for Microscopes, By Region, 20142021 (USD Million)
Table 8 Global Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 9 Dermatology Treatment Devices Market Size for Light Therapy Devices, By Region, 20142021 (USD Million)
Table 10 Dermatology Treatment Devices Market Size for Lasers, By Region, 20142021 (USD Million)
Table 11 Dermatology Treatment Devices Market Size for Electrosurgical Equipment, By Region, 20142021 (USD Million)
Table 12 Dermatology Treatment Devices Market Size for Liposuction Devices, By Region, 20142021 (USD Million)
Table 13 Dermatology Treatment Devices Market Size for Microdermabrasion, By Region, 20142021 (USD Million)
Table 14 Dermatology Treatment Devices Market Size for Cryotherapy Devices, By Region, 20142021 (USD Million)
Table 15 Global Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 16 Dermatology Diagnostic Devices Market Size for Skin Cancer Diagnosis, By Region, 20142021 (USD Million)
Table 17 Dermatology Diagnostic Devices Market Size for Other Applications, By Region, 20142021 (USD Million)
Table 18 Global Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 19 Dermatology Treatment Devices Market Size for Hair Removal, By Region, 20142021 (USD Million)
Table 20 Dermatology Treatment Devices Market Size for Skin Rejuvenation, By Region, 20142021 (USD Million)
Table 21 Dermatology Treatment Devices Market Size for Acne, Psoriasis, and Tattoo Removal, By Region, 20142021 (USD Million)
Table 22 Dermatology Treatment Devices Market Size for Wrinkle Removal and Skin Resurfacing, By Region, 20142021 (USD Million)
Table 23 Dermatology Treatment Devices Market Size for Body Contouring and Fat Removal, By Region, 20142021 (USD Million)
Table 24 Dermatology Treatment Devices Market Size for Vascular and Pigmented Lesion Removal, By Region, 20142021 (USD Million)
Table 25 Dermatology Treatment Devices Market Size for Warts, Skin Tags, and Weight Management, By Region, 20142021 (USD Million)
Table 26 Dermatology Treatment Devices Market Size for Other Applications, By Region, 20142021 (USD Million)
Table 27 Dermatology Devices Market Size, By Region, 20142021 (USD Million)
Table 28 Dermatology Devices Market Size, By Type, 20142021 (USD Million)
Table 29 North America: Dermatology Devices Market Size, By Country, 20142021 (USD Million)
Table 30 North America: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 31 North America: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 32 North America: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 33 North America: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 34 U.S.: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 35 U.S.: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 36 U.S.: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 37 U.S.: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 38 Canada: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 39 Canada: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 40 Canada: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 41 Canada: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 42 Europe: Dermatology Devices Market Size, By Country, 20142021 (USD Million)
Table 43 Europe: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 44 Europe: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 45 Europe: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 46 Europe: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 47 Asia: Dermatology Devices Market Size, By Country, 20142021 (USD Million)
Table 48 Asia: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 49 Asia: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 50 Asia: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 51 Asia: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 52 Japan: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 53 Japan: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 54 Japan: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 55 Japan: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 56 China: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 57 China: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 58 China: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 59 China: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 60 India: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 61 India: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 62 India: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 63 India: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 64 Roa: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 65 Roa: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 66 Roa: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 67 Roa: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 68 RoW: Dermatology Devices Market Size, By Country, 20142021 (USD Million)
Table 69 RoW: Dermatology Diagnostic Devices Market Size, By Type, 20142021 (USD Million)
Table 70 RoW: Dermatology Treatment Devices Market Size, By Type, 20142021 (USD Million)
Table 71 RoW: Dermatology Diagnostic Devices Market Size, By Application, 20142021 (USD Million)
Table 72 RoW: Dermatology Treatment Devices Market Size, By Application, 20142021 (USD Million)
Table 73 Rank of Companies in the Global Dermatology Devices Market
Table 74 Market Developments, 20132016
Table 75 Product Launches, 20132016
Table 76 Acquisitions, 20132016
Table 77 Expansions, 20132016
Table 78 Agreements, Partnerships, and Collaborations, 20132016
Table 79 Other Developments, 20132016
List of Figures (54 Figures)
Figure 1 Global Dermatology Devices Market
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Dermatology Diagnostic Devices Market Size, By Type, 2016 vs 2021 (USD Million)
Figure 8 Dermatology Diagnostic Devices Market Size, By Application, 2016 vs 2021 (USD Million)
Figure 9 Dermatology Treatment Devices Market Size, By Type, 2016 vs 2021 (USD Million)
Figure 10 Dermatology Treatment Devices Market Size, By Application, 2016 vs 2021 (USD Million)
Figure 11 Dermatology Devices Market Size, By Region, 2016 vs 2021 (USD Million)
Figure 12 Increasing Incidence of Skin Cancer and Skin Disorders to Drive Market Growth
Figure 13 Dermatology Treatment Devices to Account for the Largest Market Share in 2016
Figure 14 Asian Market to Grow at the Highest Rate During the Forecast Period
Figure 15 Dermatology Device Market in North America and Europe Have Reached the Mature Phase
Figure 16 Dermatology Devices Market: Drivers, Restraints, Opportunities, & Threats
Figure 17 U.S. Witnessed the Highest Incidence of Skin Melanoma in 2012
Figure 18 Increasing Demand for Aesthetic Procedures to Drive Market Growth
Figure 19 Global Healthcare Expenditure, 20052014
Figure 20 Growth in Healthcare Expenditure, By Region
Figure 21 Imaging Devices Segment to Register the Highest CAGR During the Forecast Period
Figure 22 U.S.: Dermatology Cosmetic Procedures, 2014 vs 2015
Figure 23 U.S.: Top 5 Surgical Cosmetic Procedures, 2015
Figure 24 U.S.: Top 5 Nonsurgical Cosmetic Procedures, 2015
Figure 25 Dermatology Treatment Devices Market, By Type
Figure 26 Global Dermatology Diagnostic Devices Market, By Application (Market Size and Growth Rate)
Figure 27 Global Dermatology Treatment Devices Market, By Application (Market Size and Growth Rate)
Figure 28 North America to Dominate the Global Dermatology Devices Market in 2016
Figure 29 Dermatology Devices Market Size, By Type, 2016 vs 2021 (USD Million)
Figure 30 Asian Dermatology Devices Market to Witness the Highest Growth During the Forecast Period
Figure 31 North America: Dermatology Devices Market Snapshot
Figure 32 U.S. to Witness Highest Growth in the North American Dermatology Devices Market During the Forecast Period
Figure 33 Europe: Dermatology Devices Market, By Country (Market Size & Growth Rate)
Figure 34 Asia: Dermatology Devices Market Snapshot
Figure 35 Asia: Dermatology Devices Market Size, By Country/Region, 2016 (Market Size & Growth Rate)
Figure 36 Japan: Dermatology Cosmetic Procedures, 2013 vs 2014
Figure 37 Japan: Top 5 Surgical Cosmetic Procedures, 2014
Figure 38 Japan: Top 5 Nonsurgical Cosmetic Procedures, 2014
Figure 39 China: Top 5 Surgical Cosmetic Procedures, 2013
Figure 40 China: Top 5 Nonsurgical Cosmetic Procedures, 2013
Figure 41 India: Dermatology Cosmetic Procedures, 2013 vs 2015
Figure 42 India: Top 5 Surgical Cosmetic Procedures, 2015
Figure 43 India: Top 5 Nonsurgical Cosmetic Procedures, 2015
Figure 44 South Korea, Taiwan, and Thailand: Dermatology Cosmetic Procedures, 2013
Figure 45 RoW: Dermatology Devices Market, By Country (Market Size and Growth Rate)
Figure 46 Product LaunchesThe Key Growth Strategy Adopted By Market Players Between 2013 & 2016
Figure 47 Financial Performances of the Leading Market Players (20132015)
Figure 48 Cutera, Inc.: Company Snapshot
Figure 49 Cynosure, Inc.: Company Snapshot
Figure 50 Lumenis, Ltd.: Company Snapshot
Figure 51 Valeant Pharmaceuticals International, Inc.: Company Snapshot
Figure 52 Bruker Corporation: Company Snapshot
Figure 53 Carl Zeiss: Company Snapshot
Figure 54 Photomedex, Inc.: Company Snapshot
The study involved four major activities to estimate the current size of the dermatology devices market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
Several stakeholders such as dermatology device manufacturers, vendors, distributors, and physicians from hospitals and clinics were consulted for this report. The demand side of this market is characterized by increasing preference for dermatology procedures, side effects of dermatology procedures, growing geriatric population and the subsequent increase of dermatology procedures, and increasing emphasis on improving technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the dermatology devices market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the dermatology devices industry.
Report Objectives
- To define, describe, and forecast the dermatology devices market based on product, end-user, and region.
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, and opportunities, COVID-19 Impact Analysis)
- To strategically analyze micro markets for individual growth trends, prospects, and contributions to the overall dermatology devices market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
- To forecast the size of the market segments in four geographical regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World.
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.
- To track and analyze competitive developments such as product launches and approvals, deals, and expansions in the dermatology devices market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Geographic Analysis:
- Further breakdown of the dermatology devices market into specific countries/regions in the Rest of Europe, Rest of Asia Pacific, Middle East & African, and Latin American countries
Company Information:
- Detailed analysis and profiling of additional market players (up to 5) inclusive of:
- Business Overview
- Financial Information
- Product Portfolio
- Developments (last three years)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Dermatology Devices Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Dermatology Devices Market