Dermatology Devices Market Was Valued at $6,578.23 Million in 2014 - New Resaerch Report by MarketsandMarkets
(PRWEB) February 25, 2015 -- The dermatology devices market is segmented on the basis of applications, products, and geographies. The application segments included in this report are diagnostic applications and treatment applications. The diagnostic applications are further segmented into skin cancer diagnosis and other diagnostic applications. Whereas the treatment applications include hair removal, skin rejuvenation, pigmented lesions, vascular lesions, wrinkle removal, skin resurfacing, acne, psoriasis, tattoo removal and other treatment applications. The product segments included in this report are diagnostic devices and treatment devices. Diagnostic devices include dermatoscopes, microscopes and imaging techniques; whereas, treatment devices include light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion and cryotherapy devices.
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The global dermatology devices market is expected to reach $11,337.0 million by 2019 from $6,578.23 million in 2014, growing at a CAGR of 11.50%. The geographic segments included in this report are Asia, Europe, North America and Rest of the World (RoW). Asia is further divided into the regional segments of China, India, Japan, and Rest of Asia. North America includes Canada and the U.S.
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Rising incidence of skin disorders and increasing awareness for aesthetic procedures are the primary drivers for this market. Moreover technological advancements and increasing healthcare expenditures are also expected to drive the market growth.
A combination of bottom-up and top-down approaches were used to calculate the market sizes and growth rates of the global dermatology devices market and its subsegments. Secondary information was used to identify the overall revenue, geographic reach, and product portfolios of market players. Estimates of the dermatology devices market segment revenues were validated through primary interviews. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates.
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The report provides qualitative insights on the key market shares, growth rates, and market drivers for all important subsegments. It maps market sizes and growth rates of each subsegment and identifies segments poised to witness rapid growth. The report includes company profiles and a competitive landscape of the dermatology devices market. The company profiles include the financial performances, product portfolios, and developments of each company; whereas, the competitive landscape covers the growth strategies adopted by industry players over the last three years. The report also includes analyses of industry developments such as mergers and acquisitions, agreements and partnerships, and new product launches.
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