Turkey Dermatology Device Market Analysis


  • Type: Therapeutics Area
  • Published : February 2022
  • Region: Turkey
  • Country: Other
  • Report ID : 5076

  • Format: PPT, PDF

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

SKU: 5076 Categories: ,

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

Turkey Dermatology Device Market Executive Summary

Dermatology refers to a science that deals with the diagnosis and treatment of skin hair and nail diseases. The increase in the prevalence of skin disorders across the region acts as one of the major factors driving the growth of dermatology devices market.

Market Size and Key Findings

The Turkey Dermatology Device market size is at around Turkey USD 2.48 billion in 2021 and is projected to reach Turkey USD 8.42 billion in 2028, exhibiting a CAGR of 19.06% during the forecast period.

According to the latest WHO data published in 2018 Skin Disease Deaths in Turkey reached 702 or 0.17% of total deaths. The age adjusted Death Rate is 0.91 per 100,000 of population ranks Turkey 124 in the world. Thus, the turkey dermatology market is growing during forecasting period.

Market Dynamics

Market Growth Drivers Analysis

Turkey dermatology devices market is expected to witness rapid growth, the current scenario, people of all age groups are increasingly concerned about enhancing their esthetic appeal, which will also support the market growth. Complete skin rejuvenation improves the esthetic appeal of a person. There has been a latent shift from using conventional products to technologically advanced equipment, which aids in better diagnosis and treatment of various skin diseases as well as in improving one’s overall appearance. Thus, the introduction of technologically advanced non-invasive laser therapies has led to the high demand for dermatology devices. Furthermore Rising incidence of skin diseases in Turkey is the prime factor accelerating the skincare devices business growth.

Market Restraints

Reimbursement uncertainties and issues, and stringent regulatory policies for medical devices are expected to obstruct the market growth. Availability of low-cost substitutes is projected to challenge the dermatology devices market.

COVID-19 impact on “Turkey Dermatology Device Market” 

Short-term negative growth was observed in the market due to almost complete suspension of non-COVID-19 related surgeries, limited operations of manufacturing, and disruption in the supply chain. However, the market has seen a V-shape recovery. With the successful rollout of vaccines in all regions, the volume of dermatological devices is beginning to recover to its pre-pandemic levels.

Competitive Landscape

Key Players

Some of the key players in the dermatology devices market are B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Heal Force Bio-meditech Holdings Limited, Johnson & Johnson Private Limited, Bovie Medical Corporation, Medtronic Plc, Smith and Nephew Co., AngioDynamics Inc., and Others

Products in Pipeline

STRATA Skin Sciences Announces Acquisition of Acne Treatment Device Assets from Theravant Corporation. Which will Creates a robust pipeline of new opportunities, targeting dermatologic conditions beyond acne, with a unique treatment approach.The acquisition of the TheraClear System provides STRATA with a safe and effective technology to complement and/or replace prescription drugs and topical creams.

Notable Recent Deals

Google as launched its dermatology AI app in June 2021. The AI-powered app will use image recognition to identify skin condition based on photos upload by a user. The app, however, did not acquire FDA certification, and hence, is only available in Europe as of now.

In August 2021, Strata Skin Sciences announced that it has completed the acquisition of Pharos dermatology from Ra Medical. This will give Strat Skin Sciences around 400 dermatology practices that were part of the Ra Medical customer base.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Turkey Dermatology Device Services

The Turkish Medicine and Medical Devices Authority (“TITCK”) recently issued a new Medical Devices Regulation (the “New Regulation”) revising the main framework governing the safety, marketing and clinical studies of medical devices.The New Regulation emphasis the concept of product safety and quality and introduces the following major changes: Substances, combinations of substances or appliances intended for use as a facial or other dermal or mucous membrane filler (excluding tattoo products); Equipment that emits high-intensity electromagnetic radiation intended for use on the human body, such as lasers and intense pulsed light (IPL).The New Regulation adopts the European Databank on Medical Devices (“EUDAMED”) system of the European Commission for the purposes of monitoring the safety and performance of medical devices. Accordingly, manufacturers are obliged to enter the information about medical devices (except for customised medical devices) into the EUDAMED system before placing them on the Turkish market.

1. Report Description of the Turkey 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. Turkey Dermatology Device Market Executive Summary
2.1 Turkey Dermatology Device Market – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Turkey Dermatology Device Market
3.1 Market Growth Drivers Analysis
3.1.1 Increasing concerned about enhancing their esthetic appeal
3.1.2 Technologically advanced equipment
3.1.3 Rising incidence of skin diseases
3.2 Market Restraints Analysis
3.2.1 Reimbursement uncertainties and issues
3.2.2 Stringent regulatory policies for medical devices
3.2.3 Availability of low-cost substitutes
3.3 Covid-19 Market Impact Analysis
3.3.1 Negative impact on outcomes
4. Dermatology Device Market Segmentation
4.1 By Product Outlook Analysis:
4.1.1 Diagnostic Devices Dermatoscopes Biopsy Devices Microscopes Other Imaging Devices
4.1.2 Treatment Devices Lasers Light Therapy Devices Electrosurgical Equipment Liposuction Devices Microdermabrasion Devices Cryotherapy Devices
4.2 By Application Outlook Analysis:
4.2.1 Diagnostic Devices Skin Cancer Diagnosis Other
4.2.2 Treatment Devices Hair Removal Skin Rejuvenation Acne, Psoriasis, and Tattoo Removal Wrinkle Removal and Skin Resurfacing Body Contouring and Fat Removal Cellulite Reduction Vascular and Pigmented Lesion Removal Others
4.3 By End User Analysis:
4.3.1 Hospitals
4.3.2 Clinics
4.3.3 Others
5. Turkey 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 Turkey Dermatology Device Market
6.4 Notable recent deals in Turkey 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 B. Braun Melsungen AG Company Overview
Product & Services, Strategies & Financials
7.2 Erbe Elektromedizin GmbH Company Overview
Product & Services, Strategies & Financials
7.3 Heal Force Bio-meditech Holdings Limited Company Overview
Product & Services, Strategies & Financials
7.4 Johnson & Johnson Private Limited Company Overview
Product & Services, Strategies & Financials
7.5 Medtronic Plc Company Overview
Product & Services, Strategies & Financials
7.6 Smith and Nephew Co.Company Overview
Product & Services, Strategies & Financials
7.7 AngioDynamics Inc. Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Turkey Dermatology Device Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Turkey Dermatology Device Market
9.2 Future Opportunities
10. Strategic Recommendations

Dermatology Device Market Segmentation

By Product Outlook:

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

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

By Application Outlook:

The growing prevalence of cancer and rising awareness regarding therapeutics will boost the segment’s growth. Skin Cancer is expected to rise exponentially during the forecast period.

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

By End-User Type :

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

  • Hospitals
  • Clinics
  • Others

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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