Global Dermatology Devices Market 2023-2030
MARKET OUTLOOK
According to Triton Market Research’s report, the global dermatology devices market is estimated to garner a CAGR of 13.06% during the forecast years 2023-2030.
Factors such as advancements in developing dermatology devices and procedures, the rising prevalence of skin disorders, and growing priority towards cosmetic procedures are driving the dermatology devices market’s growth. The introduction of advanced non-invasive laser therapies has elevated the demand for dermatology diagnostic devices. Besides, emerging technologies such as confocal microscopy and digital imaging have accelerated the studied market’s expansion.
However, stringent regulations for medical devices’ approval and risk associated with dermatology procedures impede the development of the dermatology devices market.
REGIONAL OUTLOOK
The global dermatology devices market consists of Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa regions.
Globally, the Asia-Pacific is projected to witness the fastest growth over the forecasted phase. The region’s growth is mainly on account of a growing preference for beauty and personal care products. As per industry sources, consumer spending on beauty products and treatments has increased substantially in the region, especially in South Korea. Further, there is an increase in medical tourism in Asian countries, which has increased the number of surgical and non-surgical procedures. Hence, as stated above, these factors are fueling the market’s growth across the APAC region.
COMPETITIVE OUTLOOK
The eminent companies in the dermatology devices market are Heine Optotechnik GmbH & Co KG, Alma Lasers Ltd, Cutera Inc, Candela Corporation, Medical Aesthetic Group, Canfield Scientific, Cynosure Inc, DermLite LLC, and Lumenis Ltd.
Candela Corporation is a medical aesthetic device company providing advanced solutions for a broad range of applications, including vascular lesions, face resurfacing, cellulite reduction, etc. Its products are also used for body shaping, tattoo and hair removal, and gynecological conditions. The company serves clients across 100 nations, including China, Germany, Israel, Italy, and Australia. Candela is headquartered in the US.
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