Dermatology devices market is a billion dollars market accounting for
a substantial proportion of healthcare expenditure globally. In a new
report titled “Dermatology Devices Market: Global Industry Analysis
and Opportunity Assessment, 2016–2026” Future Market Insights
offers a 10-year forecast for the global dermatology devices market
and provides insights on the drivers, restraints, opportunities, and
trends likely to govern the global dermatology devices market during
the forecast period (2016 – 2026). According to Future Market
Insights analysis, the global dermatology devices market is expected
to reach US$ 2,708.4 Mn in terms of revenue by 2016 end, witnessing a
year-over-year growth of 6.2%.
Factors such as rising prevalence of skin problems including acne
leading to scars, increasing obesity, and growing aesthetic awareness
among people are likely to contribute to the revenue growth of the
global dermatology devices market over the forecast period. Economic
factors such as growing healthcare expenditure, increasing disposable
income per capita, and rising government support in developed
economies are expected to boost the growth of the global dermatology
devices market over the forecast period.
The Lasers product type segment is projected to dominate the global
dermatology devices market in terms of value over the forecast
period. This segment is anticipated to hold a market value share of
46.5% by the end of 2016. The RF Devices product type segment is
expected to be the second most lucrative segment in the global
dermatology devices market.
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The Vascular Lesions application segment is expected to account for
18.2% revenue share of the global dermatology devices market by 2016
end. The Hair Removal application segment is expected to reach US$
915.6 Mn by 2026 owing to increase in prevalence of polycystic
ovarian syndrome in women. The Speciality Dermatology Clinics end
user segment is anticipated to reach a market valuation of US$
2,005.3 Mn by 2026. The Private Clinics end user segment is expected
to account for 30.3% revenue share of the global dermatology devices
market by 2016 end.
The global dermatology devices market is segmented into the seven key
regions of North America, Latin America, Western Europe, Eastern
Europe, APEJ, Japan, and MEA. The demand for non-invasive cosmetic
correction procedures has been significantly high in the U.S. market
in the recent years, making North America the most lucrative market
globally. In addition to North America, demand for non-invasive
cosmetic procedures has been significantly growing in Western Europe
and APEJ. Western Europe is expected to account for 20.3% revenue
share of the global dermatology devices market by 2016 end.
The global dermatology devices market report profiles some of the
leading companies operating in the global dermatology devices market
such as Valeant Pharmaceuticals International Inc., Cynosure Inc.,
Lumenis, Syneron Candela Ltd., Avita Medical Ltd., Shanghai Fosun
Pharmaceutical Group Co. Ltd., Cutera, Lutronics Corporation, and
Beijing Toplaser Technology Co. Ltd. Major market players are
adopting different strategies such as product launches and
acquisitions to maintain their market share. For instance, in
November 2015, Lumenis acquired Pollogen to strengthen and expand its
aesthetic products portfolio. Similarly, in May 2016, Alma Lasers
launched Accent Prime that combines ultrasound and unipolar radio
frequency technologies to provide enhanced body contouring and skin
tightening treatments.
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