Dermatology Diagnostic Devices Market Business Opportunities, Future Industry Trends, Strategies, Revenue, Challenges, Top Players and Forecast

The premium Dermatology Diagnostic Devices Market research report is an essential component of organizing corporate goals or objectives. It is a methodical way to compile and record data on the market, industry, or future clients related to Dermatology Diagnostic Devices Market. The creation of the title page, the attachment of a table of contents, editing it in the executive summary, writing the introduction, writing the qualitative research and survey research segment, summarizing the types of data used in drawing conclusions, disseminating research findings, and concluding with a call to action by the reader are the steps that go into creating this report.

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Growing consciousness among the individuals to look good in public, thereby, resulting in the feeling of confidence and courage has carved the way for the growth of innovations in the dermatology department. Growing number of product innovations by the major manufacturers has resulted in the availability of high grade and high quality dermatology diagnostic devices all around the globe.                         

Data Bridge Market Research analyses that the dermatology diagnostic devicesmarket is expected to undergo a CAGR of 13.10% during the forecast period. This indicates that the market value, which was USD 13.10 billion in 2021, would rocket up to USD 33.87 billion by 2029. "Imaging Device" dominates the product segment of the dermatology diagnostic devices market owing to the rising number of hospitals and clinics especially in the developing economies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition

From the name itself, it is clear that dermatology diagnostic devices are the medical devices that are used to study the skin and diagnose it for any diseases including suggesting treatment alternatives. The dermatology diagnostic devices are efficient and effective in diagnosing skin diseases such as acne, pigmentation, skin cancer and psoriasis.     

Drivers

The rise in the prevalence of cancer

Surging prevalence of skin cancer coupled with other dermatological diseases all around the globe is one of the major factors responsible for fostering growth in the market value. According to Skin Cancer Foundation, more than 10,130 people die of melanoma every year in the United States.  

Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for tissue regeneration procedures is also bolstering the market growth rate.

Government investments on healthcare infrastructure

The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Moreover, stringent regulations imposed by the government on industries pertaining to the air pollution will also work in the favour of the market.

Additionally, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and presence of several pollutants such as polycyclic aromatic hydrocarbons, oxides and ultraviolet radiation causing damage to the skin, positively affect the market growth rate.

Recent Development
In Jul 2020, Lancer Skincare announced the launch of its very first skincare exfoliating device, the Pro Polish Microdermabrasion Device. Pro Polish enhances the efficacy of the Lancer routine by delivering surface-layer microdermabrasion in a patented, handheld device.
In Jan 2020, 3Derm Systems, Inc. (3Derm) announced that it was granted two FDA Breakthrough Device designations for 3DermSpot, an algorithm that uses artificial intelligence (AI) and highly standardized skin images to autonomously detect melanoma, squamous cell carcinoma, and basal cell carcinoma.
Global Dermatology Diagnostic Devices Market Scope

The dermatology diagnostic devices market is segmented on the basis of diagnostic device, treatment device, type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Diagnostic device
Imaging Device
Dermatoscope
Microscope

On the basis of diagnostic device, the dermatology diagnostic devices market is segmented into imaging device, dermatoscope and microscope.

Treatment Device
Electrosurgical
Cryotherapy
Laser

On the basis of treatment device, the dermatology diagnostic devices market is segmented into electrosurgical, cryotherapy and laser.

Type
Dermatoscopes
Imaging Equipment
Microscopes and Trichoscopes
Biopsy Devices
Others

On the basis of type, the dermatology diagnostic devices market is segmented into dermatoscopes, imaging equipment, microscopes and trichoscopes, biopsy devices and others.

Application
Skin Cancer
Others

On the basis of application, the dermatology diagnostic devices market is segmented into skin cancer and others.

End-user
Hospitals
Clinics
Others

On the basis of end-user, the dermatology diagnostic devices market is segmented into hospitals, clinics and others.

Some of the major players operating in the dermatology diagnostic devices market are Agfa-Gevaert Group (Belgium), Carl Zeiss AG (Germany), MELA Sciences, Inc. (US), Hologic, Inc. (US), Illumina, Inc. (US), Spindletop Capital (US), Heine Optotechnik (Germany), GENERAL ELECTRIC COMPANY (US), Koninklijke Philips N.V. (Netherlands), Leica Microsystems (Germany), Bruker (US), Solta Medical (US), CANDELA CORPORATION (US), Ambicare Health (UK), Siemens Healthcare Private Limited (Germany), Welch Allyn (US), CANON MEDICAL SYSTEMS CORPORATION (Japan), Galderma laboratories (US), Michelson Diagnostics Inc. (UK) and Canfield Scientific, Inc. (US) among others.

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