US Dermatology Device Market Analysis

$3,500.00$7,500.00

  • Type: Therapeutics Area
  • Published : February 2022
  • Region: North America
  • Country: US
  • Report ID : 5077

  • Format: PPT, PDF

US Dermatology Device Market: Segmented by Product Type, Application Type, and Country – Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2027

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

US Dermatology Device Market Executive Summary

According to American Academy of Dermatology Association 4.5 million Americans — one in four — were impacted by skin disease. Skin disease cost the US health care system $75 billion in medical, preventative, and prescription and non-prescription drug costs. One in three Americans with skin disease were seen by a dermatologist, who collaborates with other physicians throughout the health care system in caring for these patients, consequently leading growth of  the US dermatology device market.

Market Size and Key Findings

The US Dermatology Device market size is at around USD 2.48 billion in 2020 and is projected to reach USD 8.42 billion in 2027, exhibiting a CAGR of 19.06% during the forecast period.

The beauty standards among the young population are changing in the recent years, and with the aesthetic procedures possible, the generation is frequently adopting toward the dermatological process to satisfy the beauty standards, thus aiding to the growth of the United States dermatology devices market in the forecast years.

Market Dynamics

Market Growth Drivers Analysis

US dermatology devices market is expected to witness rapid growth, owing to the increasing prevalence of skin cancer and other skin diseases, and contribute significantly to the high demand for dermatology devices. Furthermore, growing awareness of cosmetic procedures to improve the aesthetic appeal and technological advancements in dermatology devices drive the adoption of these devices. The rise in disposable income is driving the market for dermatology devices.

Market Restraints

The side effects related to dermatological treatments and stringent regulatory policies for medical devices are some of the factors, which is likely to hamper the growth of the market.

COVID-19 impact on “US Dermatology Device Market” 

The outbreak of COVID-19 impacted the US 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.Therefore the US dermatology diagnostic devices and therapeutics market is set to expand at a stellar pace.

Competitive Landscape

Key Players

Some of the key players in the dermatology devices market are 3Gen, Inc., Aesthetic Group., Alma Lasers, Ltd., Ambicare Health., AngioDynamics, Inc., B. Braun Melsungen AG, Bruker Corporation, Canfield Scientific, Inc., Carl Zeiss, Cutera, Inc., Cynosure, Inc., Erbe Elektromedizin GmbH, Genesis Biosystems, Inc., Heal Force Bio-meditech Holdings Limited, Heine Optotechnik GmbH & Co. Kg, ILLUCO, Image Derm, Inc., Johnson & Johnson Private Limited, Lumenis, Ltd., Medtronic Plc, 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. TheraClear Acne System delivers a two-part process for treating inflammatory acne, pustular acne and comedonal acne that combines a vacuum and broadband light that has been proven to clear skin rapidly for fast and visible reduction in acne and associated redness. The rapid improvement experienced by patients drives compliance and patients returning to dermatologist’s offices to complete therapy.

Notable Recent Deals

In Jan 2020, 3Derm Systems, Inc. (3Derm) announced that it was granted two FDA Breakthrough Device designations for 3DermSpot, an algorithm that uses artificial intelligence (AI) and highly standardized skin images to autonomously detect melanoma, squamous cell carcinoma, and basal cell carcinoma.

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 US Dermatology Device Services

The US Food and Drug Administration (FDA) evaluates and approves Class III medical devices through its premarket approval (PMA) process. The agency classifies devices that “support or sustain human life, are of substantial importance in preventing impairment of human health, or present a potential unreasonable risk of illness or injury” as Class III devices.1,2 Such devices pose a greater risk to patient health than Class I or Class II devices and are therefore subject to the FDA’s most stringent regulatory requirements.

Between January 1st, 1980, and November 1st, 2016, the FDA approved 27 original PMA applications for dermatologic devices (Table), consisting of 14 implants or fillers (51.9%), 11 photodynamic therapy devices (40.7%), 1 dermal replacement matrix (3.7%), and 1 diagnostic imaging instrument (3.7%). Our linear regression analysis indicates that the rate of original PMA device approvals per year for dermatologic devices has not significantly changed since 1980.

1. Report Description of the US 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. US Dermatology Device Market Executive Summary
2.1 US Dermatology Device Market – Industry Snapshot & key buying criteria, 2020-2027
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of US Dermatology Device Market
3.1 Market Growth Drivers Analysis
3.1.1 Increasing prevalence of skin cancer and other skin diseases
3.1.2 Growing awareness of cosmetic procedures
3.1.3 Technological advancements
3.1.4 Rise in disposable income
3.2 Market Restraints Analysis
3.2.1 The side effects related to dermatological treatments
3.2.2 Stringent regulatory policies for medical 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 & Light Therapy Devices
4.1.2.4 Liposuction Devices
4.1.2.5 Microdermabrasion Devices.
4.2 By Application Type Analysis:
4.2.1 Acne
4.2.2 Psoriasis, and Tattoo Removal
4.2.3 Body Contouring and Fat Removal
4.2.4 Cellulite Reduction
4.2.5 Hair Removal
4.2.6 Skin Cancer Diagnosis
4.2.7 Skin Rejuvenation
4.2.8 Vascular and Pigmented Lesion Removal
4.2.9 Wrinkle Removal and Skin Resurfacing
4.3 By State Analysis:
4.3.1 California
4.3.2 Florida
4.3.3 Illinois
4.3.4 New York
4.3.5 Ohio
4.3.6 Pennsylvania
4.3.7 Texas
5. US 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 US Dermatology Device Market
6.4 Notable recent deals in US 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 3Gen, Inc. Company Overview
Product & Services, Strategies & Financials
7.2 Aesthetic Group Company Overview
Product & Services, Strategies & Financials
7.3 Alma Lasers, Ltd Company Overview
Product & Services, Strategies & Financials
7.4 AngioDynamics, Inc. Company Overview
Product & Services, Strategies & Financials
7.5 B. Braun Melsungen AG Company Overview
Product & Services, Strategies & Financials
7.6 Bruker Corporation Company Overview
Product & Services, Strategies & Financials
7.7 Canfield Scientific, Inc. Company Overview
Product & Services, Strategies & Financials
7.8 B. Braun Melsungen AG Company Overview
Product & Services, Strategies & Financials
7.9 Bruker Corporation Company Overview
Product & Services, Strategies & Financials
7.10 Canfield Scientific, Inc. Company Overview
Product & Services, Strategies & Financials
7.11 Carl Zeiss Company Overview
Product & Services, Strategies & Financials
7.12 Cutera, Inc. Company Overview
Product & Services, Strategies & Financials
7.13 Cynosure, Inc. Company Overview
Product & Services, Strategies & Financials
7.14 Erbe Elektromedizin GmbH Company Overview
Product & Services, Strategies & Financials
7.15 Genesis Biosystems, Inc. Company Overview
Product & Services, Strategies & Financials
7.16 Heal Force Bio-meditech Holdings Limited Company Overview
Product & Services, Strategies & Financials
7.17 Heine Optotechnik GmbH & Co. Kg Company Overview
Product & Services, Strategies & Financials
7.18 Johnson & Johnson Private Limited Company Overview
Product & Services, Strategies & Financials
7.19 Lumenis, Ltd. Company Overview
Product & Services, Strategies & Financials
7.20 Medtronic Plc, Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of US Dermatology Device Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development US 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. The Diagnostic Devices is further studied across Biopsy Devices, Dermatoscopes, Microscopes, and Other Imaging Devices. The Treatment Devices is further studied across Cryotherapy Devices, Electrosurgical Equipment, Lasers, Light Therapy Devices, Liposuction Devices, and Microdermabrasion Devices.

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

By Application Type:

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

  • 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 State:

  • California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas.

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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