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Dermatology Diagnostic Devices and Therapeutics Market - Increasing geriatric population are driving the growth of market: MRRSE

Albany, NY, April 12, 2016 (GLOBE NEWSWIRE) -- Dermatology is a branch of medical science that deals with examination and treatment of various disorders and diseases related to the skin, hair, nails, including its surgical aspect. The stakeholders of this market report comprise established original equipment and pharmaceutical product manufacturers, product distributors, and new players who wish to enter the global dermatology diagnostic devices and therapeutics market.

Chronic and acute skin diseases such as acne, rosacea, psoriasis, squamous cell carcinoma, eczema, dermatitis, and pruritus are the major health concerns worldwide and account for a large portion of health care associated financial burden. These permeate all cultures, occur at all ages, and affect between 30% and 70% of individuals globally, with even higher rates in at-risk subpopulations.

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This report provides a complete analysis of the global dermatology diagnostic devices and therapeutics market and helps in recognizing several governing factors that impact the market both positively and negatively. Executive summary of the report captures comprehensive insights about every segment considered in this study. It includes a market snapshot offering an insight into the current scenario of the dermatology diagnostic device and dermatology market in terms of current and future market size along with growth rate.

The market overview segment provides thorough information on the trends in the usage pattern of various diagnostic devices and therapeutics for dermatology, such as drivers, restraints, and growth opportunities that presently regulate the dynamics of the overall market. Competitive analysis tools such as Porter’s Five Forces analysis and market attractiveness analysis have also been incorporated in this study to provide analysis about the level of competition within the dermatology diagnostic devices and therapeutics market. Competitive intelligence tools such as market attractiveness analysis have also been included in the market overview section of the report to deliver a clear understanding of the most attractive and fastest growing device segment, drug class and region globally for dermatology diagnostic devices and therapeutics.

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Based on dermatology diagnostic products the market has been categorized into dermatoscopes, microscopes & trichoscopes, and imaging equipment. In terms of revenue, imaging equipment segment that included devices such as ultrasound imaging devices, automated dermatology diagnostic devices, and digital pathology systems dominated the market in 2014 and is expected to grow at the fastest CAGR of over 7% during the forecast period due to high price (usually ranges between US$ 2000 and US$ 5000) and precise results.

Geographically, North America accounted for the largest share of both the global dermatology diagnostic devices as well as global dermatology therapeutics market in 2014. Elements attributed to the dominant position of North America in dermatology diagnostic devices and therapeutics market are rising incidence of skin disorders such as skin melanoma, psoriasis, and bacterial infections among population, and increased access to health care.

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The global dermatology diagnostic devices and therapeutics market is highly dynamic and competitive. The major companies currently operating in the dermatology diagnostic devices and therapeutics market are Agfa-Gevaert N.V., Astellas Pharma, Inc., Cutera, Inc., Dino-Lite Europe/IDCP B.V., Galderma S.A., Genentech, a Roche Company, GlaxoSmithKline plc (Stiefel Laboratories, Inc.), LEO Pharma A/S, Michelson Diagnostics Ltd., Novartis International AG, and Valeant Pharmaceuticals International, Inc. Superior distribution channels, easy commercial availability of products, and ample supply competencies are the other key factors that play an important role in determining the market position of these players.

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