Fact.MR in its latest study highlights the key growth factors, latest developments, opportunities & challenges, and market statistics to offer a better understanding of the global dermatology devices market. It also sheds light on the key trends influencing the market growth across various segments including product type, end user, application, and regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global dermatology devices market size was valued at US$ 12 Billion in 2020 and it is expected to exhibit a CAGR of 12.5% during the forecast period (2021-2031), totaling a valuation of US$ 39 Billion by 2031.
Rising incidence of skin diseases and skin cancer across the globe is the key factor pushing the demand for dermatology devices in the global market. Similarly, rising inclination towards opting for dermatological treatments to enhance their aesthetic appearance is expected to boost the sales of dermatology devices during the forecast period.
Moreover, the expansion of the global dermatology devices market is anticipated to be fueled by the use of dermatological devices for hair removal and stretch mark reduction, introduction of new and advanced products by key manufacturers, and widening application of these dermatology devices.
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By application, hair removal segment has the biggest market share. Laser hair removal equipment, in particular, is safer for all skin tones and hair colors. As a result, these devices have become highly popular for removing hair.
Demand for dermatology devices for skin rejuvenation is also expected to rise significantly during the forecast period as people become more concerned about modern beauty standards.
Regionally, North America is expected to remain the undisputed leader in the dermatology devices market, accounting for around 40% of share. Rising incidence of skin disorders, increasing number of new product launches and approvals, and high consumer spending on cosmetic procedures are driving growth in North America dermatology devices market.
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Competitive Landscape:
Key players in dermatology devices market are concentrating on strategic actions such as mergers and acquisitions, partnerships, new product development, and price reduction to gain a competitive edge in the global market.
For instance,
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More Valuable Insights on Dermatology Devices Market
In the latest study, Fact.MR offers a detailed study on the global dermatology devices market for the forecast period of 2021 to 2031. This study also highlights key drivers promoting the sales of dermatology devices through detailed segmentation as follows:
By Product Type:
By End User:
By Application:
By Region:
Key Questions Covered in the Dermatology Devices Market Report
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