Acknowledging the vast potential, the market demonstrates to grow further in the future, Market Research Future (MRFR) in its recently published study report asserts that the Global Dermatology Diagnostic Device Market will register spectacular growth records by 2022, with a phenomenal CAGR throughout the forecasted period (2016 – 2022). —
Dermatology Diagnostic Devices are used in the diagnosis of various skin diseases and disorders such as skin lesion, skin cancer, scalp problems, and others. This device aids in diagnosing the nature of the disease and prescribing the right medication and treatment to the patients affected by the same.
The Global Dermatology Diagnostic Device Market is growing pervasively over the past few years. Factors substantiating the market growth include the increasing prevalence of skin disorders & transplants. Also, the risk factors for complications related to the skin are speeding up the market growth, creating the demand for better diagnostic and treatment methods.
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Global Dermatology Diagnostic Device Market - Competitive Analysis
The highly competitive dermatology diagnostic device market appears to be fragmented owing to the presence of numerous players forming a competitive landscape. The demand for these devices has opened doors for the development of new devices, offering opportunities for the new entrants and leaders alike. At the same time, availability of spurious and counterfeit devices is challenging these established brands by displacing standard devices off the market and thus reducing the total market revenues.
Fervent players driving the market for the dermatology diagnostic device include Alma Lasers, Ltd. (Israel), Cutera, Inc. (US), Valeant Pharmaceuticals (Canada), Cynosure, Inc. (US), Genentech, Inc., (US), Lumenis, Ltd. (Israel), Dino-Lite Europe/IDCP B.V., Galderma S.A., (Switzerland), and Michelson Diagnostics Ltd., (UK).
November 14, 2018 – MedX Health Corp. (Canada) announced that it is in the process of developing an Artificial Intelligence Engine with leading dermatologists and its technology partner, Blanc Labs, that will work in conjunction with its existing DermSecureTM screening platform. MedX is leveraging Artificial Intelligence to create a unique assessment support tool that will allow Dermatologists to assess suspicious moles and lesions from remote locations more accurately.
Global Dermatology Diagnostic Device Market - Segments
MRFR has segmented the analysis into four key dynamics; for better understanding: -
By Diagnostic Device Type : Dermatoscopes, Microscopes, and Imaging Devices among others.
By Application : Skin Cancer Diagnostics and Skin Lesion among others.
By End-user : Hospitals, Research Centers, Institutions, and others.
By Regions : Europe, North America, APAC and Rest-of-the-World.
Global Dermatology Diagnostic Device Market - Regional Analysis
The North American region accounts for the dominating market for dermatology diagnostic devices. Factors such as increasing governmental support for R&D activities, extensive uptake of technologically advanced medical devices, and high expenditures for health care substantiate the growth of the market in the region. The market is estimated to evaluate phenomenally by 2022 due to the increasing prevalence of skin diseases.
The European region accounts for another lucrative market for dermatology diagnostic devices. Factors contributing to the market growth include the increasing emphasis on the development of advanced diagnostic devices and the rising government support & funding for R&D activities. Simultaneously, the growing numbers of specialty services offered by various healthcare providers foster the market growth in the region.
The Asia Pacific region is rapidly emerging as a promising market for dermatology diagnostic devices. Increasing incidences of skin disorders are fuelling the market growth. Additional factors such as the increasing demand for quality devices in the healthcare and rapidly developing healthcare technology is projected to increase the use of advanced equipment, which, in turn, is expected to propel the growth in the APAC market.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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