What is Skin Diagnostic Equipment Market?
The cosmetics industry continues to be successful in the market today. This is because men and women are generally physically conscious. The concept of looking good in front of others is an innate need. Our best looks offer better opportunities, especially in situations where physical interaction is required. Skin diagnostic devices can be defined as those medical devices that are used to detect and identify skin conditions such as skin cancer, pigmentation, acne, psoriasis, etc. These devices help dermatologists and surgeons in identifying the core problem that is occurring on the skin of patients. These devices increase the accuracy of dermatologists in diagnosing a specific type of skin condition. These devices are used by medical care providers such as hospitals, dermatology clinics, doctor's offices, and academic research institutes. Diagnostic tests are indicated when the cause of a skin lesion or disease cannot be determined from medical history and physical examination alone. These include patch tests, biopsies, scratches, a wooden light exam, Tzanck tests, and diascopies.
The market study is being classified by Type (Dermatoscopes, Imaging Equipment, Microscopes & Trichoscopes and Biopsy Devices), by Application (Skin Cancer, Hair Removal, Skin Rejuvenation, Acne, Psoriasis & Tattoo Removal, Wrinkle Removal & Skin Resurfacing, Body Contouring & Fat Removal, Cellulite Reduction, Vascular & Pigmented Lesion Removal and Others) and major geographies with country level break-up.
Agfa-Gevaert Group (Belgium), Carl Zeiss AG (Germany), MELA Sciences, Inc. (United States), Hologic Inc. (United States), Spindletop Capital (United States), Heine Optotechnik (Germany), General Electric Company (United States), Koninklijke Philips N.V. (Netherlands), Leica Microsystems (Germany), Bruker (United States), Solta Medical International Inc. (United States), Candela Corporation (United States), Ambicare Health (Scotland), Siemens Healthineers (Germany), Welch Allyn (United States) and Canon Medical Systems Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Galderma Laboratories (United States), Michelson Diagnostics Inc. (United Kingdom) and Canfield Scientific, Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Skin Diagnostic Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Skin Diagnostic Equipment market by Type, Application and Region.
On the basis of geography, the market of Skin Diagnostic Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase the Accuracy Levels of Dermatologists While Diagnosing a Particular Type of Skin Disorder
- Growing Prevalence of Skin Cancer and Associated Dermatology Disorders Resulting In Increased Demand for Diagnostic Devices
Market Trend
- Increase In the Number of Aesthetic and Cosmetic Procedures Undertaken By the Global Population Is Expected To Drive the Market Growth
- The Increasing Demand for Aesthetic Procedures
Restraints
- High Cost of Treatments and Diagnostic Procedures Associated With Dermatology or Skin Disorders
Opportunities
- Technological Advancement
- Increasing Healthcare Expenditure
Challenges
- Lack of Reimbursement Policies and Systems in Place for Dermatology Procedures in the Developing Regions
Market Leaders and some development strategies
In February 2017, Hologic Inc. announced that they had agreed to acquire Cynosure. This acquisition will better place Hologic in providing aesthetic and dermatology solutions to the patients and consumers due to the expertise of both the companies for the same.
In May 2018, Spindletop Capital announced the launch of the dermatology practice management platform “Sanova Dermatology” along with the acquisition of several dermatology centers. This revamp will help in providing a better quality of healthcare services and solutions for dermatology diseases and disorders.
Key Target Audience
Manufacturers of Skin Diagnostic Equipment, Suppliers and Distributors of Skin Diagnostic Equipment, End-Users, Potential Investors, Market Research Firms and Others
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