Our industry experts anticipate that within the dermatology devices market, the treatment devices segment will be the fastest-growing segment, growing at a CAGR ranging from 10% to 15% during the forecast period. In addition, the light therapy devices are expected to hold the largest share in the treatment devices segment, growing at a CAGR of more than 10%, during the forecast period. The Asia-Pacific region is anticipated to grow at the fastest CAGR in the range of 10% to 15%, during the forecast period.
Chicago, IL -- (SBWIRE) -- 03/01/2017 -- According to the new market research report, "Dermatology Devices Market, by Diagnostic Devices (Dermatoscopes, Microscopes, Imaging Techniques), Treatment Devices (Liposuction, Microdermabrasion, Cryotherapy, Electrosurgical, Light Therapy Devices, Lasers), Applications (Cancer Diagnosis, Wrinkle Removal, Skin Rejuvenation, Skin Resurfacing, Vascular Lesions, Acne, Psoriasis, Hair Removal) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global dermatology devices market is expected to grow from USD 8.66 billion in 2016 and reach USD 16.05 billion by 2022, growing at a CAGR of 10.83%, during the forecast period.
The global dermatology devices market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
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Key findings of the report:
1. Increasing demand from around the world and advancing technologies in the dermatology industry are some of the major driving factors for the global dermatology devices market during the forecast period.
2. Growth in healthcare expenditure and the rising awareness around the world are also expected to drive the growth of the dermatology devices market in the near future.
3. Rising demand for aesthetic procedures and the strong adoption of the minimally invasive cosmetic procedures, and the growing consumer awareness towards the advanced procedures are also expected to create significant growth opportunities for the dermatology devices market.
Dermatology treatment devices to dominate the market with a strong demand for light therapy
According to the dermatology devices market report, the dermatology treatment devices will be the largest product segment in the market. The light therapy devices segment is expected to hold the largest share in the dermatology treatment devices segment. This growth of the light therapy devices is attributed to the rapid technological advancements and the low cost, home-based light therapy devices.
North America: Expected to lead the dermatology devices market
According to the report, the North America region is expected to dominate the global market with the highest market share in the dermatology devices market. The major drivers for this growth include the rising prevalence of various skin disorders, rising awareness towards the aesthetic procedures, and the increasing healthcare funding.
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The key players included in the dermatology devices market report include:
1. Alma Lasers, Ltd.
2. Cynosure, Inc.
3. Cutera
4. Lumenis
5. Michelson Diagnostics, Ltd.
6. PhotoMedex, Inc.
7. GE Healthcare
8. Koninklijke Philips N.V.
9. Lutronic
10. Solta Medical
11. Others
About Scalar Market Research
Scalar Market Research, Inc. is a Chicago, U.S.-based market research and consulting firm that serves Fortune 1000 companies, leading businesses and upcoming organizations from around the world to help them achieve their business goal of sustainable revenue growth, utilizing Scalar's premium market research reports and consulting services to make critical strategic decisions.
Our real-time industry data tracking, with the help of advanced analytics and machine learning, offers our clients highly accurate 360-degree perspective of key developments in niche markets. Our team of industry experts, with a thorough understanding of global markets and cumulative industry experience spanning 100+ years, work relentlessly to help our clients realize their most important business goals.
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