The integration of advanced technologies in dermatology, like predictive analytics for early detection & treatment of skin cancer, and AI to reduce the overall cost, are infusing lucrative opportunities for market growth.
The growing initiatives of the governments to bolster medical tourism by providing high quality and cost-effective procedures & treatments to tourists, the rising aging population, and the latest developments in dermatology, aesthetic medicine, and anti-aging are the factors likely to propel the market growth at 6% CAGR during 2021-26.
Moreover, the burgeoning pressure to look and remain young has augmented demand for skin rejuvenation and resurfacing among men and women. Hence, this is likely to surge the demand for dermatology treatment devices in the forecast period.
Key questions answered in the study
Growing Popularity of Dermatology Clinics
According to the MarkNtel Advisors' research report, "The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021," the market categorizes into Hospitals, Medical SPA Clinics, Dermatology Clinics, and Surgical Centers, out of which the Dermatology Clinics are rising exponentially.
Further, the rising demands for specialized dermatology treatments & services are also propelling the segment growth. Moreover, the burgeoning prevalence of skin disorders, ailments, acne, eczema, and increasing dermatology clinics are imposing an overall positive impact on the segment growth.
"The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Dermatology Treatment Device providers across the region. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Dermatology Treatment Device Market Rapidly Grows in Saudi Arabia
Saudi Arabia is likely to attain the highest CAGR in the Middle East & Africa Dermatology Treatment Device markets during the forecast period. It is because of the surging prevalence of acne among adolescents that has increased the demand for acne treatments. Moreover, the extreme weather conditions and rising pollutions cause various skin-related problems, such as skin burns, pigmentation, premature aging, skin discoloration, and sunspots.
Furthermore, rising visitors in dermatology clinics, the growing trend of aesthetic procedures, and the increased demand for hair removal treatments are the factors propelling the market growth, reveals MarkNtel Advisors in their research report, "The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the Middle East & Africa Dermatology Treatment Device market are Cutera Inc., Bausch Health Companies Inc., Lumenis, Alma Lasers.