Report : Europe Dermatology Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Treatment Device and Diagnostic Device), Application (Skin Care Diagnosis, Skin Rejuvenation, Hair Removal, Body Contouring & Skin Tightening, Psoriasis, and Others), and End User (Hospitals, Dermatology Clinics, and Others)
At 10.7% CAGR, the Europe Dermatology Devices market is speculated to be worth US$ 3,220.86 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe dermatology devices market was valued at US$ 1,746.72 million in 2022 and is expected to reach US$ 3,220.86 million by 2028, registering an annual growth rate of 10.7% from 2022 to 2028. Rising aesthetics procedures among individuals and technological advancement in dermatology devices are the critical factors attributed to the Europe dermatology devices market expansion.
Cosmetic surgical procedures have gained high attention over the years. For example, in among cosmetic surgeries performed in 2020 the top 5 cosmetic surgical procedures involved nose reshaping, eyelid surgery, facelift, liposuction, soft tissue filler, chemical peel, laser skin resurfacing, Intense Pulsed Light (IPL) treatment, scar revision, and laceration repair. Among these, IPL treatment has replaced laser skin removal standing in the top 5 cosmetic minimally invasive procedures accounting for over 827,000 procedures in 2020.
On the contrary, complications after cancer procedural treatment and cosmetic surgery from unqualified professionals hurdles the growth of Europe dermatology devices market.
Based on Product Type, the Europe dermatology devices market is segmented into treatment device and diagnostic Device. The treatment device segment held 68.6% market share in 2022, amassing US$ 1,197.56 million. It is projected to garner US$ 2,221.05 million by 2028 to expand at 10.8% CAGR during 2022–2028.
Based on application, the Europe dermatology devices market is segmented into skin cancer diagnosis, skin rejuvenation, hair removal, body contouring & skin tightening, psoriasis, and others. With 34.7% share of the domain, the skin cancer diagnosis segment dominated the market in 2022. It accrued US$ 606.93 million in 2022 and is estimated to generate US$ 1,156.18 million by 2028 to grow at a CAGR of 11.3% over the forecast period.
Based on end user, the Europe dermatology devices market is segmented into hospitals, dermatology clinics, and others. The hospitals segment held the largest share of the market in 2022. With 54.7% share of the domain, the hospitals segment dominated the market in 2022. It accrued US$ 955.18 million in 2022 and is estimated to generate US$ 1,746.50 million by 2028 to grow at a CAGR of 10.6% over the forecast period.
Based on country, the Europe dermatology devices market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 54.8% market share in 2022. It was assessed at US$ 432.39 million in 2022 and is likely to hit US$ 842.80 million by 2028, exhibiting a CAGR of 11.9% during the forecast period.
Key players dominating the Europe dermatology devices market are Alma Lasers, Candela Corporation, Cutera Inc., El.En. S.p.A., FotoFinder Systems GmbH, Leica Microsystems, and Lumenis, among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com