The global dermatology diagnostic
devices and therapeutics market is highly competitive and
fragmented. There are many players in the devices and therapeutics market, says
a forthcoming Transparency Market Research (TMR) report. The major players that
are operating in the global dermatology diagnostic devices and therapeutics
market include Astellas Pharma, Inc., Michelson Diagnostics Ltd, Genentech,
Agfa-Gevaert N.V., and LEO Pharma A/S. These companies are focusing on
research and development to bring in better products and therapeutic drugs in
the global dermatology diagnostic devices and therapeutics market to penetrate
into worldwide business.
Rising number of specialty
dermatology clinics is projected to drive the global dermatology diagnostic
devices and therapeutics market during the forecast period. As per the projections
the market is expected to expand at 7.0% CAGR over the period 2017 to 2024. In
terms of revenue estimation, the market is predicted to be valued at US$1,015.9
in diagnostic devices, while the therapeutics is expected to attain a valuation
of US$ 20.
In terms of region, the global
dermatology diagnostic devices and therapeutics market is expected to be ruled
by the U. S. in North America region. Rising number of patients with skin
diseases such as melanoma and availability of advanced devices is expected to
boost the demand, owing to expansion of the global dermatology treatment device
and diagnostic market in the near future. On the basis of diagnostics devices,
the global dermatology diagnostic devices and therapeutics market is divided
into Dermatoscopes, Microscopes and Trichoscopes, and Imaging Equipment. Of
these, imaging equipment segment is expected to rule the global dermatology
diagnostic devices and therapeutics market during the projected years.
Rising Skin Disorders to
Stimulate Market
Due to changing lifestyle and improper eating and sleeping
habits, there has been increasing skin related disorders. Skin disorder
such as dry skin, melisma, eczema, sun burns, psoriasis, ,etc Thus, the
increasing demand for therapeutics is expected to expand the global dermatology
diagnostic devices and therapeutics market.
Growing concern over age related skin problems is
expected to drive the global dermatology diagnostics devices and therapeutics
market. Additionally, growth in cosmetology sector and improvements in the
health care sector is projected to nudge the expansion of the global
dermatology diagnostics devices and therapeutics market in the upcoming
years.
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Rising Awareness to
Propel Growth
Increasing awareness about aesthetic procedures that are
non-invasive and ever growing technological advancements is expected to propel
the demand for diagnostic devices and therapeutics. Increasing disposable
income and healthy skin consciousness is foretold to drive the global
dermatology diagnostic devices and therapeutics market during the projected
years.
Additionally, growing occurrences of skin cancer is
fuelling the growth in the market. Age related skin tags, warts, and moles are
expected to increase the demand for such devices and drugs. Growing prevalence
of acnes, hormone based skin issues among adolescents are also
anticipated to create demand in the market. Thus, owing to the growth in the
global dermatology diagnostic devices and therapeutics market.
Non availability of medical reimbursement for
non-invasive treatments, lack of post procedure care, and availability of low
cost substitutes in the market is anticipated to hamper the growth of the
global dermatology treatment device and therapeutics market in the upcoming
years.
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Regardless of the restraints, advent of latest and advanced
devices and treatment therapies are expected to create growth potential in the
global dermatology diagnostic devices and therapeutics market in the
future.
This review is based on the findings of a TMR report
titled, “Dermatology Diagnostic Devices and Therapeutics Market (Diagnostic
Devices - Dermatoscopes (Contact Oil Immersion Dermatoscopes, Cross-polarized
Dermatoscopes, and Hybrid Dermatoscopes), Microscopes and Trichoscopes
(Multispectral Photoacaustic Microscopy (PAM), Reflectance Confocal Microscopy
(RCM), and Raman Spectroscopy), and Imaging Equipment (X-ray, Magnetic
Resonance Imaging (MRI), Ultrasound, and Optical Coherence Tomography (OCT));
Drug Class - Antibacterial Agents, Antifungal Agents, Antiviral Agents,
Corticosteroids, Retinoids, Immunosuppressants, and Biologics)) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 –
2024.”
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