Dermatology Devices Market is Expecting a Revenue Generation Worth 14.17 Billion USD by 2021

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The global dermatology devices market is expected to reach USD 14.17 Billion by 2021 from USD 8.22 Billion in 2016, at a CAGR of 11.50% during the forecast period.

(EMAILWIRE.COM, March 07, 2019 ) Dermatology devices assist dermatologists and surgeons in diagnosing and treating skin disorders. These devices increase the accuracy levels of dermatologists while diagnosing a particular type of skin disorder.

These devices are used by medical care providers such as hospitals, dermatology clinics, physician offices, and academic research institutes. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Rising incidence of skin disorders and increasing awareness on aesthetic procedures drives the global dermatology devices market

Over the years, the incidence of skin cancer has risen rapidly across the globe. According to a study by the National Cancer Institute (U.S.), skin cancer represents 4.6% of all new cancer cases in the U.S. It is estimated that there will be 76,100 new cases of melanoma of the skin in 2014.

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The need to detect and treat such diseases at the earliest possible stage has driven the development of sophisticated and sensitive diagnostic instruments in the market. This in turn has increased competition among manufacturers and aided significantly in market growth.

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. The increasing demand for aesthetic procedures is pushing the market for dermatology treatment devices.

Based on region, the global dermatology devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). However, Asia is expected to witness the highest CAGR during the forecast period, with the growth in this market centered at Japan, China, and India. Growth in the Asian region is primarily driven by the rising incidence of skin diseases, increasing healthcare expenditure, and increasing awareness regarding aesthetic procedures.

Some of the major players operating in the dermatology devices market are Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Lumenis, Ltd. (Israel), and Valeant Pharmaceuticals International, Inc. (Canada).

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