Global dermatology devices market size is likely to reach US $31 billion by 2030, according to a recently published report. Among the assessed regions, North America is expected to hold a major share of the market, the report stated.
People’s inclination towards getting cosmetic procedures, and technological advancements in the field have also contributed to the rise in the dermatology devices market. Furthermore, rising incidences of skin cancer and skin disorders such as eczema and rosacea are one of the factors driving up the demand.
North America, where melanoma and other skin-related diseases are prevalent, is likely to have the largest market share, according to the report. India’s dermatology devices market size will potentially reach US $1.79 billion by 2030, at a CAGR of 11.7 per cent.
The countries analysed for the market included the US, Canada, Mexico, Germany, France, the UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.