Dermatology Diagnostic Devices Market is Expected to Reach $616.3 Million by 2020

Global Dermatology Diagnostic Devices market report categorizes this market on the basis of product, end-user, and geography. The products include imaging technique devices, dermatoscopes, and microscopes. The end-user segment of this market is classified into hospitals and clinics. The geographies covered in this report are North America, Europe, Asia, and Rest of the World. The study is based on primary and secondary research conducted to analyze varied market dynamics, such as drivers, restraints, challenges, and opportunities.

"The Report “Dermatology Diagnostic Devices Market by Product [Imaging Techniques (OCT, Ultrasound, MRI, CT), Dermatoscopes (Traditional Dermatoscopes, Digital Dermatoscopes), Microscopes] and, by End-User (Hospitals, Clinics) - Global Forecast to 2020” is estimated to reach $616.3 million by 2019"

In 2014, the global dermatology diagnostic devices market was valued at $382.5 million, and is expected to reach $616.3 million by 2020, at a CAGR of 8.3% from 2015 to 2020. The demand for the this market in emerging countries is expected to rise owing to factors, such as increasing awareness among surgeons and the price sensitive market. Major players in the this market are facing tough competition from low cost manufacturers in China and Italy, as these manufacturers offer devices at a 60% to 70% lesser price in compared to other players.

The global healthcare industry is witnessing a shift in paradigm, and is now skewed towards non-invasive diagnostics, which results in easy and painless diagnosis. Dermatology diagnostic devices are devices that aids in easy detection of various skin disorders, such as melanoma. There are varied diagnostic devices that are currently utilized by dermatologists, such as digital photography tool and dermatoscope. The dermatoscope aids in better diagnosis beyond the naked eye. The device projects light on the skin, thus causing magnification of the skin structure, thereby resulting in better diagnosis. The digital photography, involves the total cutaneous imaging of the skin lesion, with serial images that are recorded over a period of time, which are then further analyzed.

In recent years, there has been an incessant rise in the number of people suffering from various skin disorders, such as melanoma, psoriasis, vascular lesions, and acne. Among these disorders, melanoma is a type of skin cancer that predominantly develops on the skin. However, the challenge lies in recognizing the early symptoms, so that appropriate treatment can be initiated before the tumor reaches a thickness of 0.76 mm, which can be fatal for the patient. Advancements made in the field of medical science have led to the emergence of highly equipped dermatology diagnostic devices, such as dermatoscopes, OCT scanners, and hand-held scanners that allow an early detection of melanoma. This has further resulted in improving survival rates and reducing the number of biopsies, in addition to decreasing associated morbidity and cost of healthcare. Quantitative thermographic imaging (QTI), confocal microscopy, and optical coherence tomography (OCT) have been revolutionizing the diagnostic procedures market.

The major players in the global dermatology diagnostic devices market include Heine Optotechnik (Germany), FotoFinder Systems (Germany), Michelson diagnostics (U.K.), GE Healthcare (U.K.), Philips Healthcare (Netherlands), Welch Allyn (U.S.), Carl Zeiss Meditec, Inc. (U.S.), Hitachi (Japan), Leica Microsystems (Germany), Olympus (Japan), Toshiba Medical Systems (Japan), and Siemens Medical Systems (Germany).

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