North America Dermatology Devices Market Forecast 2022-2030

North America Dermatology Devices Market Forecast 2022-2030

KEY FINDINGS

The North America dermatology devices market is expected to accelerate with a 13.05% CAGR during the assessment years 2022-2030. Prevalence of several skin concerns, the growing occurrence of skin cancer, and the popularity of surgical as non-surgical aesthetic procedures support market growth in the region.

MARKET INSIGHTS

The North America dermatology devices market growth assessment entails the evaluation of United States and Canada. About 8,700 Canadians were diagnosed with melanoma skin cancer in 2021, as per the Canadian Dermatology Association. The Canadian Cancer Society estimated that in 2022, about 9000 Canadians are diagnosed with melanoma skin cancer till date, and nearly 1,200 will die from it.

Moreover, psoriasis is a very common condition that affects over 1 million people in the country. Psoriasis increases the risk of developing other chronic diseases, including heart attack, diabetes, cancer and liver disease. The increase in melanoma, psoriasis, and other conditions, leads to a surge in demand for dermatology devices for early treatment, boosting the market growth.

Furthermore, there has been a rise in the disposable income of the country. The increased disposable income leads to increased spending on beauty products and cosmetic procedures. The cosmetics market in Canada generated about $1.24 billion in 2021, as per International Trade Administration (ITA). This revenue is expected to reach $1.8 billion by 2024, as per ITA. The rise in the standards of living and preference for aesthetic appeal leads to a growth in the dermatology devices market in the country during the forecast period.

COMPETITIVE INSIGHTS

Leading market players operating in the market are Canfield Scientific, Candela Medical, Cutera Inc, Cynosure Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments