Market Overview
Dermatology Treatment Device is a device for treating various skin, nail, and hair-related diseases.
According to the MarkNtel Advisors' research report, "The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021," the market is expected to grow at a CAGR of around 6% during 2021-26. The market growth attributes to the rising demand for anti-aging solutions, devices for skin rejuvenation & hair removal among young & middle-aged women, and increasing tattoo removal places in the region.
Moreover, growing awareness towards aesthetic treatment for skin resurfacing such as on nose, jaw, chin, brow, the introduction of technological devices for dermatology treatment, and booming elderly population are the factors resulting in the growth of the market at a rapid rate.
The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021 research report depicts its deep dive market analysis of statistics, including country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions, countries, various end-users, applications, product type, technologies, competitive benchmarking, etc.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 6% |
| Regions Covered | UAE, Saudi Arabia, Qatar, Turkey, South Africa |
| Key Companies Profiled | Cutera Inc., Bausch Health Companies Inc., Lumenis, Alma Lasers |
| Unit Denominations | USD Million/Billion |
Impact of COVID-19
The COVID-19 pandemic has declined the demand for the dermatology treatment device market due to the increasing focus of the healthcare industry on patients suffering from COVID-19. The temporary closure of spa clinics, lockdowns, and movement restrictions has impacted the market growth. However, the market is gaining pace due to the lockdown relaxations and is likely to witness substantial growth over the forecast period.
Market Segmentation
SPA clinics register Astronomical Growth
The demand for dermatology treatment devices is likely to upsurge in SPA clinics due to growing investments by governments in medical SPA clinics. The need for dermatology treatment from medical SPA clinics has significantly increased as it offers quality treatment. The growing popularity of medical SPA clinics among customers and the boost in the number of spa clinics can strongly contribute to the market growth, reveals MarkNtel Advisors in their research report "The Middle East & Africa Dermatology Treatment Device Market Analysis, 2021."
Tattoo Removal Accounted for the Significant Market Share
Based on the Application, the Tattoo removal segment acquired a significant market share in the Middle East & Africa Dermatology Treatment Device Market in 2019. People, especially the young generation, opting for tattoo removal are surging due to the introduction of government laws in the region. UAE (under its National Military Service) has opened more tattoo removal stores as tattoos are not allowed in the military.
Regional Landscape
UAE Acquired the Majority Market Share
UAE acquired the majority market share in the Middle East & Africa Dermatology Treatment Device market in 2019 due to the growing popularity of laser tattoo removal, rising adoption of aesthetic treatments, and burgeoning inclination of skin rejuvenation due to the increasing prevalence of skin-related issues.
Besides this, the rapidly growing hospitals, SPA clinics, and aging population due to massive investments in healthcare sectors and the launch of technologically advanced laser treatment devices are the likely factors to accelerate the market growth in the forecast period.
Market Driver
Upsurge in the Demand for Skin Rejuvenation
The adoption of sedentary lifestyles & unhealthy food choices has also affected the overall skin health of people. Exposure to dirt, pollution, ultraviolet (UV) rays, hard water, and harsh chemicals has caused skin irregularities, such as pigmentation changes, aging spots, wrinkles, blemishes, and fine lines. Hence, these reasons are propagating the need for skin rejuvenation among men and women. The growing awareness of minimally invasive therapies and bolstering the number of advanced treatments for skin rejuvenation has surged the demand for this treatment in the Middle East & Africa region.
Competitive Landscape
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.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. The Middle East & Africa Dermatology Treatment Device Market is forecast to grow at a CAGR of 6% during 2021-26.
A. Cutera Inc., Bausch Health Companies Inc., Lumenis, Alma Lasers are a few of the leading players in the Middle East & Africa Dermatology Treatment Device Market.
A. Skin Rejuvenation is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. UAE and Saudi Arabia continue to grow at the highest CAGR thereby providing immense opportunities for market leaders of the Middle East and Africa Dermatology Treatment Device Market.
