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Dermatology Treatment Devices Market to Reach US$ 8,800.07 Million By 2027

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Dermatology Treatment Devices Market to Reach US$ 8,800.07 Million By 2027

November 25
19:24 2021
Dermatology Treatment Devices Market to Reach US$ 8,800.07 Million By 2027
the insight partners
Dermatology Treatment Devices Market to Grow at a CAGR of 6.7% to reach US$ 8,800.07 Million from 2020 to 2027

According to The Insight Partners new market research study on “Dermatology Treatment Devices Market to 2027 – COVID-19 Impact and Global Analysis – by Product Type, Application, and End User,” the market is expected to reach US$ 8,800.07 million by 2027 from US$ 5,320.73 million in 2019; it is estimated to grow at a CAGR of 6.7% during 2020–2027. 

Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 5,320.73 Million in 2019

Market Size Value by

US$ 8,800.07 million in by 2027

Growth rate

CAGR of 6.7% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

215

No. Tables

84

No. of Charts & Figures

80

Historical data available

Yes

Segments covered

Product Type ; Application ; End User , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Get Sample PDF Copy of Dermatology Treatment Devices Market at: https://www.theinsightpartners.com/sample/TIPRE00014992/

Rising Prevalence of Skin Abnormalities and Skin Cancer Drives Dermatology Treatment Devices Market

Age-related skin issues such as pigmentation, wrinkles, creases, and acne, as well as burn scars caused during accidents are common among masses. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting ~50 million Americans annually. ~85% of people from the age group of 12–24 experience minor acne problems. The costs associated with the treatment of acne, as well as lost productivity among those receiving treatment for acne, exceeded US$ 1.2 billion in 2013; more than 5.1 million people, primarily children and young adults, and sought medical treatment for acne in the same year. Further, 1 in 10 people develops atopic dermatitis during their lifetime, and the condition affects up to 25% children and 2–3% of adults. Moreover, ~28% women with age less than 25 admit that they regularly worry about their signs of aging, and this number increases to 42% and 54% among those belonging to the age groups 25–34 and 35–44, respectively. In addition, according to a poll conducted by conducted Dermstore with 2,000 women across the US, young women started using products to reduce the signs of aging much sooner than older women. Further, the European Commission (EC) has ranked skin diseases as the fourth most common cause of human illness.

The prevalence of skin cancer has dramatically increased in the recent years. According to the National Cancer Institute in the US, skin cancer accounts for ~4.6% of the total newly occurring cancer cases in the country. The World Health Organization (WHO) reported the incidence of 2–3 million non-melanoma and 132,000 melanoma cases every year in the world. In addition, according to the Skin Cancer Foundation Statistics, one in every five Americans is likely to develop skin cancer once in their lifetime. These issues require critical medical intervention and appropriate devices for their therapeutic treatment to combat severe condition, which is further likely to propel the growth of the dermatology treatment devices market.

COVID-19 Impacts on Dermatology Treatment Devices Market

The COVID-19 pandemic was first reported in December 2019 in Wuhan (China). The impacts of this outbreak are being felt across several markets in the world. The demand for dermatology treatment devices has reduced amid this global crisis due to a significant shift in the focus toward the management, treatment and prevention of COVID-19. The pandemic is continuing to worsen around the world leading to massive disruptions in global supply chains, consumer markets, and economies, and these conditions are also restraining the growth of the dermatology treatment devices market.

Download the Latest COVID-19 Analysis on Dermatology Treatment Devices Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00014992

The dermatology treatment devices market, by application, is segmented into skin resurfacing, skin rejuvenation, hair removal, psoriasis, scar, warts and skin tags, hyperpigmentation and vascular lesions, acne, tattoo removal, and hyperhidrosis. The skin rejuvenation segment held the largest share of the market in 2019, whereas the hair removal segment is anticipated to register the highest CAGR in the market during the forecast period.

Global The dermatology treatment devices market, based on distribution channel, is segmented into,hospitals pharmacies , pharmacies &and drug stores, and online pharmacies. In 2019, the hospitals pharmacies segment held the largest share of the market, by distribution channel. Moreover, , and the market for the same segment is anticipated to register estimated to grow at the highest CAGR in the market during the forecast period.

Dermatology Treatment Devices Market: Competitive Landscape and Key Developments

Cutera Inc.; Bausch Health Companies Inc.; Sciton, Inc.; Lumenis; Alma Lasers; Cynosure, Candela Corporation; Biofrontera Ag; Avita Medical; and PhotoMedex are among the leading companies in the dermatology treatment devices market.

Order a Copy of Dermatology Treatment Devices Market Shares, Strategies and Forecasts 2020-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00014992/

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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