Dermatology devices market size worth $25.7 billion (£20.59bn) by 2025
Published
02nd Oct 2019
The global dermatology devices market size is expected to reach a value of $25.7bn (£20.59bn) by 2025 at a 13.5% CAGR during the forecast period, according to a new report by Grand View Research.
Dermatology devices are expected to grow at a faster rate due to rising concerns among people regarding aesthetics. This has led to growing awareness about various types of procedures used for treating hair- and skin-related disorders. Since women are larger consumers of skin and haircare treatments, they are considered as key revenue generators for the market.
Key suggestions from the report:
- By product, treatment devices dominated the market in 2017 due to rise in awareness among people regarding esthetics, which has led to rise in adoption of both surgical and non-surgical cosmetic procedures
- On the basis of treatment device type, laser devices held a lucrative market share in 2017owing to its wide application in a variety of disease and cosmetic treatments
- Based on diagnostic device application, skin cancer diagnosis has emerged asakey revenue generator owing to high diseaseprevalence, particularlymelanoma
- By treatment device application, skin rejuvenation is expected to gain lucrative growth over the forecast period due to a large aging population base opting for these procedures
- On the basis of end use, hospitals held a significant share in 2017. This can be attributed to rise in adoption of advanced infrastructure and enhanced services in these settings
- North America dominated the global market in 2017 owing to growing awareness regarding esthetic appeal, higher disposable income, and greater availability of advanced treatment and surgical procedures
- Some of the key players in the market are Alma Lasers GmbH; Cynosure, Inc.; Solta Medical, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Aesthetic Group; Ambicare Health; and Image Derm, Inc.
