Global dermatology diagnostic devices market forecast to grow by 8.2%

The global dermatology diagnostics devices market is forecast to achieve an estimated compound annual growth rate of 8.2% between 2014 and 2019, according to a report from Research and Markets Ltd.

Research and Markets’ report indicated an increase of skin disorders, the growing demand for dermatologists and technological advancements in medical science are factors behind the market growth.

The diagnostic market is classified based on types, including dermatoscope, imaging technique and microscope, with the imaging technique segment having the highest market share in the diagnostic market and a compound annual growth rate (CAGR) of 8.5% during the forecast period, according to the report.

North America had the largest share of growth in the global dermatology diagnostics market in 2014 with 37.1%, which resulted from an increasing prevalence of skin disorders including melanoma and psoriasis, as well as from highly organized health care infrastructure and guidelines, the report stated. North America was followed by Europe, which was classified as the fastest-growing region at a CAGR of 9.6% from 2014 to 2019 as a result of an increase in insurance coverage, incessant rise in geriatric population and an increasing awareness of skin disorders.

Carl Zeiss Meditec, Leica Microsystems, Nikon Corp., MELA Sciences, GE Healthcare, Bruker Corp., Philips Healthcare, Heine Optotechnik, Siemens Healthcare, Toshiba Medical Systems and Welch Allyn are among the companies dominating the dermatology diagnostic device market, according to the report.

Reference: www.researchandmarkets.com.