This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the dermatology devices market, along with revenue estimates & forecasts and market share analysis.
The following are the major objectives of the study:
# To define, describe, and forecast the global dermatology devices market on the basis of type, application, and region
# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific trends)
# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
# To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
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# To forecast the size (by value) of the market segments with respect to four main regions, namely, North America, Europe, Asia, and Rest of the World
# To strategically profile key players and comprehensively analyze their market shares and core competencies in terms of market development and growth strategies
# To track and analyze competitive developments such as partnerships, agreements, collaborations and joint ventures; mergers and acquisitions; new product launches; and research and development activities in the dermatology devices market
“The rising incidence of skin disorders, increasing awareness on aesthetic procedures, technological advancements, and increasing healthcare expenditure are the major factors driving the growth of this market.”
Restraints:
# Reimbursement Uncertainties and Issues
# Stringent Regulatory Policies
Opportunities:
# Emerging economies
Threat:
# Competitive Pricing by Low-cost Manufacturers, Availability of Low-cost Substitutes
Revenue Growth Predictions:
The global dermatology devices market is expected to reach USD 14.17 billion by 2021 from USD 8.22 billion in 2016, at a CAGR of 11.50%.
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Based on region, the global dermatology devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is expected to grow at the highest CAGR during the forecast period. Growth in this regional segment is driven by factors such as the rising incidence of skin diseases, increasing healthcare expenditure, and increasing awareness regarding aesthetic procedures.
Some of the major players operating in the dermatology devices market are Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Lumenis, Ltd. (Israel), and Valeant Pharmaceuticals International, Inc. (Canada).
Based on the analysis of strategic developments undertaken by market players between 2012 and 2016, the key strategies followed by most companies in the dermatology devices market are product launches and acquisitions.
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