Skin Analysis Systems Market Size To Increase To 9.04% CAGR
According to our research report, the global Skin Analysis Systems market size is expected to grow at a CAGR of 9.04% from 2021 to 2026.
The pandemic has significantly affected the skin analysis systems market due to manufacturing, supply chain and product launch delays. In early 2020, the COVID-19 disease began to spread around the world, millions of people around the world have been infected with COVID-19 infection, and major countries around the world have restricted elective treatment have caused huge losses to the skin analysis systems market. . As a result, dermatological and cosmetic procedures were suspended until the phase of active infection was passed. Although in the second half of 2020 the market grew significantly with the increased influx of patients with high restrictions. Hence, the pandemic will not have long term effects on the projected market growth during the forecast period.
Rising prevalence of skin diseases, youthful issues, and healthy skin are key factors driving the Skin Analysis Systems market. According to the US Department of Health and Human Services, more than 3.58 million people are diagnosed with skin cancer each year in the United States. According to the WHO, approximately 3.18% of the adult American population suffered from psoriasis in 2010. Increased exposure of the skin to UV rays and chemicals, pollution, a stressful lifestyle and a genetic predisposition to the disorders skin are other factors that are expected to help the market grow. Constantly evolving health technologies and innovations are key factors in the early detection of skin disorders. Hence, it contributes significantly to the growth of the Skin Analysis Systems market.
With urbanization leading to increased awareness of people’s appearance and aesthetic appeal, there is a huge demand for skin diagnostic and treatment procedures. In addition, the focus is on educating the public about melanoma and non-melanoma skin cancer. Early detection of this highly aggressive product improves prognosis rate with improved, powerful and futuristic tools in the skin analysis systems market. According to the CDC, recorded data shows that nearly 77,700 new cases of melanoma are reported each year in the United States; this includes 45,855 men and 31,850 women. Overall, the incidence rate for melanoma was 21.85 per 100,000. According to Ferlay et al., More than 26,200 men and 33,500 women are diagnosed with melanoma each year. And about 8,350 men and 7,650 women are at risk of death from cancer-related complications, making it the 8th most commonly diagnosed cancer in women.
However, strict regulations regarding product approval, poor pricing strategies, growing consumer demand for inexpensive products are restricting the skin analysis systems market. Moreover, the lack of adequate training in the handling of the instruments restricts the growth of the Global Skin Analysis Systems Market.
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KEY MARKET OVERVIEW:
- On the basis of product type, skin pigmentation segment dominated the skin analysis systems market in 2020 and is expected to maintain its position during the study period. This segment will grow due to detailed skin analysis, rapid diagnosis and brilliant image quality of companies. Meanwhile, the skin imaging segment is expected to evolve and increase at an impressive 5.5% CAGR over the prognostic period. The primary driver, like the multiple applications of skin imaging to detect various skin conditions and disorders, will be driving this segment. The evolution and implementation of artificial intelligence in skin care, imaging and analysis has increased the adoption of the systems in hospitals and clinics, which subsequently contributes to the growth of the skin analysis systems market.
- On the basis of application, the hospital segment holds the largest segmental share and is expected to continue to dominate during the forecast period. This segment will grow due to various skin analysis devices in hospitals. The dermatology clinic segment will grow at a high CAGR during the above mentioned period as dermatology clinics offer personalized services at an affordable price and increasing popularity for providing cosmetic procedures.
- Based on region, North America was the dominant region and is also expected to dominate the overall market in the coming years. Factors such as the increasing prevalence of skin diseases, an unhealthy lifestyle, a growing geriatric population, and highly advanced and developed health infrastructure in the region are driving the North American market, especially in the United States and the United States. Canada. Meanwhile, the Asia-Pacific region market will grow at a high CAGR in the coming years, due to increased skin care awareness, presence of large population, fierce competition on the market. market and increased health care spending.
- The leading companies in the Global Skin Analysis Systems Market presented in this report are Bio-Therapeutic Inc., Callegari Srl, Visiomed Group SA, DermoScan GmbH, CYNOSURE, Cortex Technology, AGFA Healthcare, Dermalumics , Canfield Scientific, Inc., Davi & Cia, DJM Medical Instrument GmbH and BOMTECH ELECTRONICS CO., Ltd.
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MARKET SEGMENTATION :
- Skin pigmentation
- Skin elasticity
- Skin imaging
- Skin condition
By the end user:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa