Malaysia Dermatology Device Market Analysis

$3,000.00$7,500.00

  • Type: Service area
  • Published : March 2022
  • Region: Malaysia
  • Country: Other
  • Report ID : 5123

  • Format: PPT, PDF

Malaysia Dermatology Device Market: Segmented by Product Type, Application Type, and End-User Type – Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2028

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Report Description of the Malaysia Dermatology Device Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of Malaysia Dermatology Device Device market
  • To classify and forecast Malaysia Dermatology Device Market market based on application, Device, project type, and application.
  • To identify drivers and challenges for Malaysia Dermatology Device market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Malaysia Dermatology Device market
  • To conduct pricing analysis for Malaysia Dermatology Device Device market
  • To identify and analyze the profile of leading players operating in Malaysia Dermatology Device market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Atopic Dermatitis drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Malaysia Dermatology Device Market Executive Summary

Skin diseases contributed to almost 1,000 deaths in Malaysia every year. This has been quite the trend for more than a decade now. Although skin diseases are not usually fatal, being in this position means that it has caused the death of more Malaysians as compared to more known diseases like dengue fever. Thus, dermatology device market will grow during the forecasting period.

Market Size and Key Findings

The Malaysia Dermatology Device market size is at around Malaysia USD xx billion in 2021 and is projected to reach Malaysia USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.

According to the latest WHO data published in 2018 Skin Disease Deaths in Malaysia reached 989 or 0.70% of total deaths, consequently increaing in prevalence of skin disorders leading the dermatology device market.

Market Dynamics

Market Growth Drivers Analysis

The growth of this market is estimated to grow owing to key driving factors such as rising awareness regarding skin diseases and an increasing demand for aesthetic procedures. Furthermore rising prevalence of skin disorders and technological advancement of skin care devices likely to boost the dermatology device market in upcoming years.

Market Restraint

The market is expected experiencing slow growth during the forecast period owing to concerns associated with dermatology treatment devices.

COVID-19 impact on “Malaysia Dermatology Device Market” 

The outbreak of COVID-19 impacted the dermatology devices market. The closure of non-essential businesses created a disruption in the dermatology industry, and consumers are now looking for online cosmetic home treatments. The dermatology brands can exploit this opportunity to renovate their online offerings, offer e-consultation services, and invest in advanced technology as more consumers seek cosmetic advice from the comfort of their homes

Competitive Landscape

Key Players

The Dermatology Treatment Devices market report includes information on the product launches, sustainability, and prospects of leading vendors including: Biolitec Ag, Cynosure, Alma Lasers, Verisante, Michelson, Cutera, Ambicare Health Ltd, Lumenis, Ellipse A/S, Amd Global, Solta Medical, Syneron, Carl Zeiss Meditec, Fei Company, Waterpik, Fotofinder, Mela Sciences, Genesis Biosystems.Biolitec Ag, Cynosure, Alma Lasers, Verisante, Michelson, Cutera, Ambicare Health Ltd, Lumenis, Ellipse A/S, Amd Global, Solta Medical, Syneron, Carl Zeiss Meditec, Fei Company, and Waterpik.

Notable Recent Deals

In Jul 2020, Lancer Skincare announced the launch of its very first skincare exfoliating device, the Pro Polish Microdermabrasion Device. Pro Polish enhances the efficacy of the Lancer routine by delivering surface-layer microdermabrasion in a patented, handheld device.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Malaysia Dermatology Device Services

The key legislation for the medical dermatology device industry in Malaysia is the Medical Device Act 2012. Medical devices must be registered before they can be used and sold in Malaysia by licensed establishments. In Malaysia, medical dermatology devices are classified into 4 risk classes, namely Class A (Minimal), Class B (Low to Moderate), Class C (Moderate to High) and Class D (High). Manufacturers must ensure that their products conform to Essential Principles of Safety and Performance (EPSP) and Good Manufacturing Practices (GMP) standards and that a Conformity Assessment Body (CAB) certification is obtained in order to receive MDA approval for their product registration application. Moreover, a medical device cannot be imported, exported, or placed on the market unless it is registered. A single producer or authorised agent can only register one medical device. Multiple registrations of the same product are not permitted.

1. Report Description of the Malaysia Dermatology Device Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Malaysia Dermatology Device Market Executive Summary
2.1 Malaysia Dermatology Device Market – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Malaysia Dermatology Device Market
3.1 Market Growth Drivers Analysis
3.1.1 Rising Awareness on Skin Diseases and
3.1.2 Increasing Demand for Aesthetic Procedures
3.1.3 Rising Prevalence of Skin Disorders
3.1.4 Technological Advancement of Dermatology Devices
3.2 Market Restraints Analysis
3.2.1 Stringent Regulatory Policies
3.2.2 Concerns Associated with Dermatology Treatment Devices.
3.3 Covid-19 Market Impact Analysis
3.3.1 Negative impact on outcomes
4. Dermatology Device Market Segmentation
4.1 By Product Type Analysis:
4.1.1 Diagnostic Devices
4.1.1.1 Biopsy Devices
4.1.1.2 Dermatoscopes
4.1.1.3 Microscopes
4.1.1.4 Other Imaging Devices
4.1.2 Treatment Devices
4.1.2.1 Cryotherapy Devices
4.1.2.2 Electrosurgical Equipment
4.1.2.3 Lasers
4.1.2.4 Light Therapy Devices
4.1.2.5 Liposuction Devices
4.1.2.6 Microdermabrasion Devices
4.2 By Application Type Analysis:
4.2.1.1 Acne, Psoriasis, and Tattoo Removal
4.2.1.2 Body Contouring and Fat Removal
4.2.1.3 Cellulite Reduction
4.2.1.4 Hair Removal
4.2.1.5 Skin Cancer Diagnosis
4.2.1.6 Skin Rejuvenation
4.2.1.7 Vascular and Pigmented Lesion Removal
4.2.1.8 Wrinkle Removal and Skin Resurfacing
4.3 By End User Analysis:
4.3.1 Hospitals
4.3.2 Clinics
4.3.3 Home Settings
5. Malaysia Dermatology Device Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Malaysia Dermatology Device Market
6.4 Notable recent deals in Malaysia Dermatology Device Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Biolitec Ag Company Overview
Product & Services, Strategies & Financials
7.2 Cynosure Company Overview
Product & Services, Strategies & Financials
7.3 Alma Lasers Company Overview
Product & Services, Strategies & Financials
7.4 Verisante Company Overview
Product & Services, Strategies & Financials
7.5 Michelson Company Overview
Product & Services, Strategies & Financials
7.6 Cutera Company Overview
Product & Services, Strategies & Financials
7.7 Lumenis Company Overview
Product & Services, Strategies & Financials
7.8 Ellipse A/S Company Overview
Product & Services, Strategies & Financials
7.9 Amd Global Company Overview
Product & Services, Strategies & Financials
7.10 Solta Medical Company Overview
Product & Services, Strategies & Financials
7.11 Syneron Company Overview
Product & Services, Strategies & Financials
7.12 Solta Medical Company Overview
Product & Services, Strategies & Financials
7.13 Carl Zeiss Meditec Company Overview
Product & Services, Strategies & Financials
7.14 Fei CompanyCompany Overview
Product & Services, Strategies & Financials
7.15 , Waterpik Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Malaysia Dermatology Device Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Malaysia Dermatology Device Market
9.2 Future Opportunities
10. Strategic Recommendations

Dermatology Device Market Segmentation

By Product type:

Based on Product , the market was studied across Diagnostic Devices and Treatment Devices.

  • Diagnostic Devices
    • Biopsy Devices
    • Dermatoscopes
    • Microscopes
    • Other Imaging Devices.
  • Treatment Devices
    • Cryotherapy Devices.
    • Electrosurgical Equipment
    • LasersTreatment Devices
    • Light Therapy Devices
    • Liposuction Devices
    • Microdermabrasion Devices

By Application Type:

Based on application Malaysia dermatology device  market is segmented into:

  • Acne, Psoriasis, and Tattoo Removal
  • Body Contouring and Fat Removal
  • Cellulite Reduction
  • Hair Removal
  • Skin Cancer Diagnosis
  • Skin Rejuvenation
  • Vascular and Pigmented Lesion Removal
  • Wrinkle Removal and Skin Resurfacing

By End-User Type :

Based on End-User the Malaysia dermatology device market is segmented into hospitals, clinics, and others.

  • Hospitals
  • Clinics
  • Home Settings

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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