Revenue from the global dermatology devices market reached US$ 12 Billion in 2020, and the market is predicted to reach US$ 39 Billion by 2031. This data has been analyzed in a recently updated study by Fact.MR, a market research and competitive intelligence provider. As per the study, the dermatology devices market is anticipated to surge at an impressive CAGR of around 12.5% over the next ten years.
This part of the offer comes with many open doors, including item manufacturing, diversion, retail, and display management. Fact.MR’s examiners have utilized extensive mandatory and extensive optional research to make various assessments and projections of the demand for the dermatological devices market, both at the global and local levels.
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Market players: –
- B. Braun Melsungen AG
- Heritage Electromedicine GmbH
- Heal Force Biomeditech Holdings Limited
- Johnson & Johnson Private Limited
- Bobby Medical Corporation
- Medtronic Plc
- Smith & Nephew Company
- Angio Dynamics Inc.
The market’s key partners, including industry players, policymakers and financial backers in various countries, are constantly recalibrating systems and coping strategies, taking advantage of new open doors. Recently, a number of organizations have updated their procedures to maintain coordination during the overall chaos wrought by the COVID-19 pandemic.
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Key segments covered in the Dermatology Device Industry study
- By product type:
- high frequency electrosurgical dermatological device
- electrocautery dermatology equipment
- ultrasonic electrosurgical dermatological device
- laser-based dermatology device
- By end user:
- hospital
- Ambulatory Surgery Center
- dermatology clinic
- By application:
- Dermatological device for skin rejuvenation
- Dermatology equipment for facial treatment
- Dermatological device for tattoo removal
- Dermatological device for body contouring
- dermatological epilator
- Dermatological device to reduce stretch marks
- Other applications
Regional analysis includes
- North America (USA, Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, Korea, ASEAN Countries, Rest of APEJ)
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competitive environment
Manufacturers invest in research and development of new products to capture market potential according to consumer demand. New product launches and increased research are expected to be prominent trends.
- Google released a dermatology AI app in June 2021. This AI-powered app uses image recognition to identify skin conditions based on user-uploaded photos. However, the app is not FDA-cleared and is currently only available in Europe.
- In August 2021, Strata Skin Sciences announced the completion of its acquisition of Pharos Dermatology from Ra Medical. Strata Skin Sciences will now receive approximately 400 dermatology practices that were part of Ra Medical’s customer base.
- In September 2021, Swift Medical announced the launch of new products, Swift Skin and Wound. This will enable patients and researchers to capture high-precision images of skin conditions via smartphones.
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