Global Dermatology Devices Market, by Product Type (Microdermabrasion Devices, RF Devices, and Lasers), by Application (Vascular Lesions, Scar Removal, Tattoo removal, Hair removal, Wrinkle Removal, Acne Treatment, Skin Rejuvenation, and Pore Reduction), by End User (Hospitals, Specialty Dermatology Clinics, and Private Clinics), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is value at US$ 4,546.2 million in 2019 and is projected to exhibit a CAGR of 7.6% over the forecast period (2019–2027). Continuous technological developments and innovations are expected to increase adoption of dermatology devices. In July 2019, Hologic’s Cynosure division announced the launch of two new products in order to expand the company’s growing portfolio of innovative aesthetic treatments. The TempSure firm hand-piece is the latest innovation launched on the TempSure platform. It is an expandable technology that provides the ability to perform surgical and non-surgical aesthetic applications in one convenient 300W, 4MHz device. Another one is SculpSure, which is a non-surgical body contouring (lipolysis) treatment designed to permanently eliminate fat cells in problem areas. In April 2019 Lumenis, Ltd., an energy-based medical device company for aesthetic, surgical and ophthalmic applications, announced the launch of its platform, the Legend Pro+, which is a unique multi-application platform powered by four clinically-proven, complimentary technologies. It is a face and body platform offering a comfortable solution with immediate results, long-term efficacy, minimal pain and downtime, with no need for anesthesia. According to the press release by Businesswire on January 2019, Avita Medical Ltd. commercialized the RECELL autologous cell harvesting device in the U.S. market. It is used for treatment of acute thermal burns in patients who are 18 years of age and older. Moreover, most of the market leaders are focused on strategic agreements or partnerships in order to expand their business, and increase their market share in other countries. For instance, in June 2019, Lumenis, Ltd. have entered into a distribution agreement with DELEO, for distribution of their products in France and French part of Switzerland.
Browse 36 Market Data Tables and 30 Figures spread through 237 Pages and in-depth TOC on “Dermatology Devices Market” Global Forecast to 2027, by Product Type (Microdermabrasion Devices, RF Devices, and Lasers) , by Application (Vascular Lesions, Scar Removal, Tattoo removal, Hair removal, Wrinkle Removal, Acne Treatment, Skin Rejuvenation, and Pore Reduction), by End User (Hospitals, Specialty Dermatology Clinics, and Private Clinics), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Furthermore, rising prevalence of skin disease leads has led to an increase in healthcare costs. According to a study published in May 2017 in the Journal of the American Academy of Dermatology, total healthcare cost associated with skin diseases increased from an estimated US$ 28.7 million in 2004 to US$ 44 million in 2013. This increase in demand, combined with technological advancements, helps to launch innovative dermatology devices in the global market. For instance, in September 2017, the Northwestern University conducted a pilot study to evaluate the effect of Fraxel Restore 1550 nm fractional erbium-glass laser in patients with alopecia areata.
Key Takeaways of the Global Dermatology Devices Market: