Global Dermatology Diagnostic Device Market size is expected to reach USD 1 billion by the end of 2022

Market Highlights

The global dermatology diagnostic device market has been evaluated as rapidly growing market and expected that the market will reach high growth figures. The benefits such as easy detection of the skin disease at the initial stages had increased their market globally. Dermatology diagnostic devices are widely accepted by the patient suffering from diseases like skin cancer, lesions, scalp problems, wrinkles, warts and other skin related diseases. Out of total cases of skin disease worldwide, US comprise around 6% of the cases while Europe comprises 7.5 % of the cases which are expected to increase during the forecast period, leading to the growth of the overall market. Technology advancements in treatments and increased incidences of skin diseases, acne, psoriasis, tattoo removal and other skin related problems are the major factors leading for the growth of market.

From 2010, there was huge growth reported in dermatology diagnostic devices, being developed or are commercially available in the market by more than 20 companies. Companies are now focusing on introducing a variety of advanced features to make the dermatology diagnostic device more user friendly such as self-use devices for lesion, warts and other skin related disease for patients.

Asia Pacific is expected to be the fastest growing market and is expected to continue to grow at the same rate during the forecasted period. North America captures the largest market share of 70% in 2013 of the global dermatology diagnostic device market due to high prevalence of skin related diseases, and easy availability of dermatology diagnostic devices and treatment facilities which is possible because of the widespread healthcare infrastructure and government encouragement to medical innovation. It is expected to grow further during the forecasted period. Developing countries were reported to have maximum cases of skin disease but due to lack of technology advancement, skin care facilities, high cost of treatment, and lack of awareness, only few cases were reported and treated in the last 7 years.

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Global Dermatology diagnostic device market Players:

The major participants of this market are: Valeant Pharmaceuticals (Canada), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Lumenis, Ltd. (Israel), Cynosure, Inc. (U.S.), Dino-Lite Europe/IDCP B.V., Michelson Diagnostics Ltd., (UK), Galderma S.A., (Switzerland), and Cutera, Inc. (US).

Segmentation:

The global dermatology diagnostic device Market is majorly segmented on the basis of types, their application and end users. Based on the diagnostic device, the market is segmented into dermatoscopes, imaging devices, and microscopes. Further on the basis of application the market is classified into skin cancer, lesion and others. Similarly, on the basis of end users the market is again classified into hospitals, research labs and centers, institutions and others.

Imaging device is expected to account for the largest market share due to advancement in technology and increasing awareness regarding aesthetic procedures. Also skin cancer segment is expected to grow at the highest CAGR during the forecasted period due to increase incidences of the disease.

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