The Global Dermatology Diagnostic Devices and Therapeutics Market Continues To Grow Owing To the High Rate of Development by Major Companies in the World

Dermatology Diagnostic Devices and Therapeutics Market
Dermatology Diagnostic Devices and Therapeutics Market 

Dermatology Diagnostic Devices and Therapeutics Market By Product Type (Dermatoscopes, Microscopes and Trichoscopes, and Imaging Equipment), and By Drug Class (Antibacterial Agents, Antifungal Agents, Antiviral Agents, Corticosteroids, Retinoid, Immunosuppressant, and Biologics) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028.

Market Overview:

Dermatology devices include lasers, intense pulse light devices, and other accessories, which are used to treat skin conditions. It is used to diagnose and treat diseases such as acne, psoriasis, vitiligo, leukoderma, skin cancer, and other cosmetic issues. These devices are also used for surgery, skin rejuvenation, and tattooing. Dermatology devices have become widely used in hospitals and clinics to diagnose and treat skin disorders.

Moreover, the availability of highly trained dermatologists has also contributed to the rising demand for these devices. Increasing demand for faster treatment options and increased healthcare expenditure are driving the growth of dermatology devices. Equipment-based procedures such as radiofrequency therapies and lasers are expected to drive the market further during the forecast period.

Due to the increased prevalence of cardiovascular illnesses and growing worldwide elderly population, the global Fluoroscopy Devices Market is expanding rapidly.

Competitive Landscape:

Major players operating in the global dermatology diagnostic devices and therapeutics for market include Sun Pharmaceutical Industries Ltd, Michelson Diagnostics Ltd, LEO Pharma A/S, Genentech, Dino-Lite Europe/IDCP B.V., Novartis International AG., Galderma S.A., Astellas Pharma, Inc., Cutera, Inc., Valeant Pharmaceuticals International, Inc., and Agfa-Gevaert N.V.

Key Market Drivers:

Increasing developments by key companies in the global Dermatology Diagnostic Devices and Therapeutics Market are expected to augment the growth of the market.

For instance, in April 2021, Alma introduced a non-invasive platform for skin tightening and body contouring called Alma PrimeX. In addition, the growing popularity of mobile technology has led to the development of a potential market in dermatology. With the increase in mobile usage, people are able to capture and share images with their healthcare providers.

Mobile technology helps reach a wide population, including those living in rural areas. Moreover, the high incidence of dermatology surgeries in the world is estimated to enhance the growth of the global dermatology diagnostic devices and therapeutics for market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global Dermatology Diagnostic Devices and Therapeutics Market. For instance, in December 2021, Medici Medical s.r.l. was acquired by Canfield Scientific, Inc., in order to create Canfield Scientific s.r.l.

Key Takeaways:

· North America is expected to dominate the growth of the global dermatology diagnostic devices and therapeutics for market, owing to the high developments by key companies in the region. For instance, in May 2022, Cynosure, Inc. partnered with Clayton, Dubilier & Rice, and announced an investment of around US$ 60 million by Clayton, Dubilier & Rice.

· The Asia Pacific is estimated to witness high growth in the global Dermatology Diagnostic Devices and Therapeutics Market, owing to the increasing expansion of hospitals in the world. For instance, according to the Institut Montaigne, there are around 43,486 private hospitals in India.

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