In the recent years, the usage of dermatology diagnostic devices has increased, due to the increasing awareness of skin disorders, such as skin cancer and rising demand for better diagnosis and technological advancements. The demand from the aging population, to treat various skin ailments in order to stay young and healthy is driving the growth of this market.
North America accounted for the largest share of the global dermatology devices market, and the market in this region is expected to grow at a CAGR of 10.3% from 2014 to 2019. Skin cancer accounted for about 50.0% of all cancer cases detected in the U.S. As per the latest statistics available, the incidence of skin cancer in the U.S. is very high and has been rising every year. 1 in every 5 Americans are diagnosed with skin cancer in their lifetime. Melanoma, accounted for about 3.0% of skin cancer cases with 3.5 million new cases diagnosed each year in the country.
In the recent years, technical advances in both diagnostic devices and treatment devices have been positively impacting the growth of the dermatology treatment devices market. The rising incidence of skin disorders, such as melanoma and non-melanoma skin cancer has triggered the market for both diagnostic and treatment devices. One in every five Americans and one in every seven Canadians in their lifetime will develop skin cancer.
The increasing demand from the geriatric population for aesthetic procedures such as skin rejuvenation and skin resurfacing is also expected to boost the growth of the treatment devices market in North America. Europe accounted for the second-largest share of the global dermatology devices market, and the market in this region is projected to grow at a CAGR of 10.1% from 2014 to 2019. It was followed by the Asia-Pacific dermatology devices market, expected to grow at a CAGR of 11.3 % during the forecast period.
The major players in the global dermatology devices market include Cynosure, Inc. (U.S.), Cutera, Inc. (U.S.), Lumenis Ltd. (Israel), Alma Lasers (Israel), Topcon Corporation (Japan), and Carl Ziess Meditec AG (Germany). The major developments adopted by key players in the global dermatology devices market are new product launches and collaborations.
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