Global Dermatology medical device market demand worth USD 16.8 Billion by 2023
The global market of dermatology device worth USD 6.6 Billion in 2015 and the market are further anticipated to garner USD 16.8 Billion by 2023
New York, United States – July 30, 2018 /MarketersMedia/ —
The global dermatology device market is segmented into end-user such as hospitals, dermatology clinics & private clinics. Among these segments, private clinics are expected to be the fastest growing segment owing to adoption of advanced dermatology devices in order to provide effective treatment. This segment is estimated to account 30.2% revenue share of the global dermatology device market by the end of 2016.
The global market of dermatology device worth USD 6.6 Billion in 2015 and the market are further anticipated to garner USD 16.8 Billion by 2023. Further, the global dermatology device market is anticipated to expand at a CAGR of 10.6% over the forecast period i.e. 2016-2023. North America accounted the highest market share in terms of revenue in overall market of dermatology device across the globe owing to introduction of favourable re-imbursement policies in the region.
Technological Advancements:
Introduction of various compact dermatology devices in the global market is swelling the demand among hospitals and specialty dermatology clinics. The market of dermatology devices is majorly driven on the back of advanced and user-friendly devices. Rising popularity of dermatology devices on account of its features and wide scale application for skin diseases are expected to bolster the demand for dermatology devices over the forecast period i.e. 2016-2023.
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Growing Awareness:
Awareness among the population towards skin diseases is probably increasing the patients in hospitals and clinic for diagnosis and treatment purposes. Increasing healthcare spending owing to growing concern towards cure and treatment of skin disorders, emphasize on early diagnosis and rising demand of cosmetic surgery are some of the major key elements swelling the demand for dermatology devices.
Although, high cost of treatment by dermatology devices, lack of awareness in under-developed nations, presence of complexities with dermatology devices, availability of low cost substitute medication facilities and lack of skilled healthcare physicians are some of the factors restraining the market of dermatology devices across the globe.
The report titled “Global Dermatology Device Market Outlook 2023” delivers detailed overview of the Global Dermatology Device Market in terms of market segmentation by Product Type, by Application Type, by End-user Type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the vendors of the Global Dermatology Device Market which includes company profiling of BSN Medical, Carilex Medical, ConvaTec, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Dermatology Device Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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