Categories: Healthcare

Dermatology Endoscopy Devices Market Growth Trajectory Through 2024-2033

The Dermatology Endoscopy Devices by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Dermatology Endoscopy Devices, The dermatology endoscopy devices market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to regulatory approvals and standardization, research and academic contributions, clinical acceptance and adoption, expansion of applications, development of minimally invasive procedures..

The dermatology endoscopy devices market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rise in skin cancer cases, expansion of invasive procedures, telemedicine and remote consultations, market expansion in emerging economies, personalized treatment approaches.. Major trends in the forecast period include focus on user-friendly interfaces, rise in cosmetic dermatology procedures, customization and patient-specific solutions, multimodal imaging modalities, wireless connectivity and telemedicine..

The rise in the incidence of skin diseases is expected to propel the growth of the dermatology endoscopy devices market going forward. Skin diseases refer to various problems affecting the skin, including infections caused by bacteria, viruses, fungi, allergens, parasites, skin cancer, and other skin diseases. Dermatology endoscopy devices are used for the inspection of skin conditions such as assessing pigmented skin lesions, non-pigmented skin lesions, scabies splinters, psoriasis or eczema, and others to offer effective treatment for skin diseases. For instance, in February 2023, according to the National Psoriasis Foundation, a US-based non-profit organization serving people with psoriasis and psoriatic arthritis, psoriasis affects more than 3% of the adult population in the United States equates to more than 7.5 million people. Therefore, the rise in the incidence of skin diseases drives the growth of the dermatology endoscopy devices market.

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The dermatology endoscopy devices market covered in this report is segmented –

1) By Type: Traditional Or Analogue Dermatoscopes, Digital Dermatoscopes

2) By Product: Polarized, Non-Polarized, Hybrid

3) By Light Source: LED (Light Emitting Diode), Halogen, Xenon, UV (Ultraviolet)

4) By Modality: Handheld, Headband, Trolley-Mounted

5) By Application: Skin Cancer, Warts, Scabies, Other Applications

Technological advancements are a key trend gaining popularity in the dermatology endoscopy devices market. Major companies in the dermatology endoscopy devices sector are focused on innovating their products to improve the observation power and sustain their position in the market. For instance, in June 2022, Derma Sensor Inc, a US-based health technology company, introduced Derma Sensor, a skin cancer detection device for primary care. The device uses a type of optical technology called Elastic Scattering Spectroscopy (ESS) to take non-invasive samples of tissue, recording cellular-level information from the skin lesion using hundreds of wavelengths of light, comparable to sonar. The Derma Sensor platform gives output directly to the user, eliminating the need for a laboratory or another physician to interpret the spectral data, as the patented algorithm rapidly assesses the data and provides a result in seconds.

The dermatology endoscopy devices market report table of contents includes: