, February 28, 2018 )
The North America Dermatology Diagnostic Devices market
size was around USD 7.45 billion in 2017. It is expected to grow at a CAGR of 7.4% to reach USD 10.65 billion by 2022. It captures 35% of the global market.
Dermatology devices are expected to grow at a faster rate due to rising concern amongst people regarding aesthetics. This has led to rising awareness about various types of aesthetic procedures used for treating hair- and skin-related disorders. Primarily, women suffer from these disorders. Therefore, they are the highest revenue makers in the market.
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Increasing incidence of skin disorders, growing awareness regarding aesthetic procedures, technological advancements, and rising healthcare expenditure are the primary drivers of the market.
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The market is segmented by type and by application. By type the market is segmented into Dermatoscopes, Microscopes, and Imaging Devices. The imaging devices category is anticipated to command the largest share of the market during the aforementioned forecast period. It is due to the technological advancements and rising awareness regarding aesthetic procedures. By application the market is segregated into Skin Cancer Diagnosis and other Diagnostic Applications. The skin cancer diagnosis segment is expected to account for the largest share of the market during the forecast period.
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By geography the market is segmented into US and Canada. It is the largest market. North America is likely to lead the market in the aforementioned forecast period owing to the steady presence of numerous healthcare sector players in the region.
Key players in the market include 3Gen Inc. (U.S.), Bruker Corporation (U.S.), Carl Zeiss (Germany), Genesis Biosystems, Inc. (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Lumenis Ltd. (Israel), Valeant Pharmaceuticals (Canada), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics (U.K.), and PhotoMedex, Inc. (U.S.).
Skin Cancer Diagnosis
Other Diagnostic Applications
Contact Oil Immersion Dermatoscopes
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• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
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