United States Dermatology Device Market to Grow with an Impressive CAGR until 2026
Increasing cosmetic aesthetic surgeries
are driving the growth of United States Dermatology Device Market, in the
forecast period.
According to TechSci report on, “United States Dermatology Device Market By Product Type
(Diagnostic Devices {Dermatoscopes, Microscopes, Imaging Devices} v/s Treatment
Devices {Laser, Electrosurgical Equipment, Liposuction Devices, Light Therapy
Devices, Others}) By Application (Skin Cancer Diagnosis, Vascular Lesions
Removal, Hair & Wrinkle Removal, Body Contouring and Fat Removal, Others) By
End Users (Hospital, Dermatology Clinics, Others) By Region, Competition
Forecast & Opportunities, 2026”,
United States dermatology
device market has shown
promising growth in historical years until 2019 and is expected to continue its
growth in upcoming forecast years 2021 to 2026. United States dermatology
device market owes its growth to the factors like increasing healthcare
expenditures in the country over cosmetic procedures.
Moreover,
the rising instances of skin cancer and skin diseases is expected to drive the
growth of the market further in the next five years. Also, the aesthetic
procedures are becoming very popular among the population of the country and
looking at the influence of the social media and changing beauty standards, the
United States dermatology devices market is expected to show the robust growth
in the upcoming five years.
Furthermore,
the technological advancement of the medical devices like dermatology devices
are instigating the further growth of the market since the complicated
procedures require the efficient and effective devices that can conduct the
procedure.
Dermatology
devices are the medical devices that are specifically utilized for diagnosing
and treating the skin ailments and diseases. These devices are often minimally
inclusive devices although some of the open surgical devices exist too. These
devices are consistently researched and developed for the technological
advancements such that they can be utilized efficiently and effectively for the
diagnosing and treatment purposes.
Although
the inexpensive treatment procedures might put a mild restraint on the market,
the rising disposable income among the population is expected to sustain the
growth of the market in the next five years of the forecast, until 2026.
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The United
States dermatology devices market is segmented by product type, application,
end user, competitional landscape, and regional distribution. Based on product
type, the market is further divided into diagnosing devices and treatment
devices. Diagnosing dermatology devices are the medical devices that are
utilized for the diagnosing purposes of the skin diseases. The segment includes
devices like dermatoscopes, microscopes, and imaging devices.
A
dermatoscope is microscopic device that is placed directly on the skin surface
to analyse the morphological patterns and changes to understand the skin
lesions that is invisible to the naked eye. The device is non-invasive and is a
hand-held magnification device. Dermatoscopes are anticipated to hold the
largest market shares in the upcoming five years on the account of its
advantage over detection of benign over malignant lesions. The device is
handheld therefor is easily mobile and can be transported easily to where the
patient is.
Treatment
dermatology devices are the treatment specific medical devices that are
utilized for the treatment procedures of the skin disorders and diseases. It
includes laser, electrosurgical equipment, liposuction devices, light therapy
devices, others. Lasers are anticipated to hold the larger segment of the
market on the account of increasing treatment instances and demand from the
consumer for the on-invasive treatment procedures for the skin diseases.
A partial
list of market player in the United States dermatology device market includes, Avita
Medical, Inc., Cutera Inc., Genesis Biosystems Inc., Candela Corporation, Bausch
Health Companies Inc (Solta Medical, Inc.), Syneron Medical Ltd, 3Gen, Inc. Cynosure,
Inc, among others. These market players hold larger shares of the market than
the new market players.
With the
advancement of the technology, it is appropriate to say that the effective
research and development of the technologically advanced medical devices would
support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide devices that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“Skin
Cancer instances are rising at an alarming in the United States. With the
established healthcare industry, the diagnosing and treatment of the skin
diseases and skin cancer is feasible. The surge in the numbers of the patients
has further supported the growth of the market and is expected to continue to
grow in the future. New market players can focus on the research and
technological advancement of the medical devices and thereby establish their
brand in the market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United
States Dermatology Device Market By Product Type (Diagnostic Devices {Dermatoscopes,
Microscopes, Imaging Devices} v/s Treatment Devices {Laser, Electrosurgical
Equipment, Liposuction Devices, Light Therapy Devices, Others}) By Application
(Skin Cancer Diagnosis, Vascular Lesions Removal, Hair & Wrinkle Removal,
Body Contouring and Fat Removal, Others) By End Users (Hospital, Dermatology
Clinics, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States dermatology device market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United states dermatology
device market.
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