Research Nester published a report titled “Dermatology Medical Device Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global dermatology medical device market in terms of market segmentation by product type, end-user, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion of current and future market trends that are associated with the growth of the market.
The global dermatology medical device market is estimated to garner a notable CAGR over the forecast period, i.e., 2022-2031. The market is segmented on the basis of application into vascular lesions, hair removal, acne treatment, and others. Out of which, the hair removal treatment segment is expected to hold the largest share in the global dermatology medical device market on the back of a large number of people investing in hair removal treatment. Further, the increasing demand for laser-based hair removal is anticipated to boost the market growth.
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The global dermatology medical device market is expected to grow significantly on the back of rising awareness regarding aesthetic beauty in the people. People are investing in the procedures such as scars treatment, laser hair removal, birthmark, and tattoo removal. Furthermore, the growing cases of skin cancer is also projected to boost the global dermatology medical device market growth during the forecast period.
Regionally, the global dermatology medical device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of the presence of state-of-the-art healthcare infrastructure. The global dermatology medical device market is projected to grow during the forecast period in the Europe region on the back of the increasing geriatric population.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Cases of Skin Cancer Globally to Boost the Market Growth
The data released by the World Cancer Research Fund International states that melanoma of the skin is the 17th most common cancer worldwide and there were 150,000 new cases of melanoma of the skin in 2020.
The global dermatology medical device market is estimated to witness significant growth on the back of rising cases of skin cancer. Moreover, with the increasing disposable income of the people, they are spending more on healthcare and beauty, which is estimated to foster the market growth.
However, the huge cost of the treatment is expected to operate as a key restraint to the growth of the global dermatology medical device market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dermatology medical device market which includes company profiling of Alma Lasers ltd., Bausch Health Companies Inc., Cutera, Inc., Canfield Scientific, Inc., AESTHETIC GROUP, Cynosure LLC, Lumenis Be Ltd., Candela Corporations, Image Derm Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global dermatology medical device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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