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Skin diseases were not considered to be much of a concern among the medical fraternity, with focus mainly towards combating major diseases such as HIV/AIDS, hepatitis, heart disease, diabetes and hospital-acquired pneumonias. According to World Health Organization 2018 statistics, around 56.9 million deaths occurred globally in 2016 due to major diseases. Moreover, increasing research and development of dermatological devices is expected to propel growth of the market. For instance, in December 2018, researchers from the Columbia University Irving Medical Center developed a tissue engineering and 3D printing device to grow new hair follicles and reduce hair loss. They demonstrated that the device was able to grow human hair follicles in a dish and on mice for the first time. These hair follicles could be used to address hair thinning and pattern baldness.
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Dermatology devices are expected to grow at a faster rate due to rising focus among the populace on esthetics. This has led to growing awareness about various types of aesthetic procedures used for treating hair and skin related disorders. Since women are larger consumers of skin and hair care treatments, they are considered as key revenue generators in the market. Growing prevalence of skin disorders due to unhealthy lifestyle and food habits. Psoriasis, acne, eczema, and skin lesions are some of the most commonly prevalent skin ailments. These factors are expected to drive growth of the global dermatology devices market.
Furthermore, the growing healthcare expenditure and rising disposable income is boosting demand for dermatology devices globally. According to the Organization of Economic Co-Operation and Development 2019 health statistics, in 2017 U.S. spent around 17.1% of its GDP on health, which was the highest compared to other countries.
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Table of Contents
1. Research Objectives and Assumptions
◦ Research Objectives
◦ Assumptions
◦ Abbreviations
2. Market Purview
◦ Report Description
▪ Market Definition and Scope
◦ Executive Summary
▪ Market Snippet, By Drug Type
▪ Market Snippet, By Distribution Channel
▪ Market Snippet, By Region
◦ Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
◦ Market Dynamics
▪ Drivers
▪ Restraints
▪ Market Opportunities
◦ Impact Analysis
◦ Market Trends
◦ Regulatory Scenario
◦ Reimbursement Scenario
◦ Epidemiology
◦ PEST Analysis
◦ Recent Product Launch
◦ Merger and Acquisition Scenario
Top players in the market
Major players operating in the global dermatology devices market include Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
Research methodology adopted by Coherent Market Insights
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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