Batch Management Software Market Strategy, Sales Revenue, Opportunities and Challenges till 2022

June 17, 2021: Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period. Food and beverages, chemicals, Pharmaceutical and biotech industries are the major users of batch management systems. However this software is also significant in mining and metals, cement and glass, pulp and paper.

To maintain customer satisfaction and loyalty in order to reduce the risk of product recall is anticipated to drive the batch management software market. The growing importance of social media through which consumers can easily share their opinions and criticism regarding the quality of the product. This may affect the reputation of the company and can be an important differentiation in a very competitive market.

Increase importance of time to market is also expected to stimulate the demand for batch management software. In a time based competition, length of time taken from generation of an idea to the finished product is critical for a reduced production cycle time. By reducing the total time needed for a product to reach the market the consumers will be able to purchase it, thus making the company more profitable in a short span of time. Batch management software helps in reducing the time to market and reduce the speed to market for development of new products which is very efficient in pharmaceutical and biotech industries particularly.

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Increased regulation on food and drug safety play a major role in the market. According to title 21 Part 11 of the food and drug administration (FDA) which implies that all the processes audits, controls, system validations, electronic signatures and documentation are to be maintained in electronic format by all the pharmaceutical industries, biotech companies, medical device manufacturers and other FDA regulated industries. Through the batch management software, all the companies will be able to make traceability information of products available to the authorities on demand.

Maintaining the system would be a major restraint for the batch management software. One on staff expert or two can maintain a simple batch application, however it becomes difficult to manage the software or the codes with a single expert as the complexity increases .Non availability of skilled workforce can restraint the company to proceed with the processes. Batch manufacturers need to shift to more advanced batch applications to be more efficient and cost effective. They need to be more responsive to the consumer needs and produce products more economically.

Evolution of business system integration will help the batch management software products and their market size. Closer integration with business systems, implementing analytical technologies and use of different working models and workflow engines anticipate major changes that will shape batch management products.

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Governments in developed economies are replacing custom batch solutions with other basic software. The manufacturers are enhancing the use of their systems while associating production by attempting to maintain product flexibility. There is a continuous growth in consumer goods and durables which leads to high demand for quality and variety increasing the implementation of Batch management software. Many of the manufacturing facilities have little to no automation infrastructure and are primarily operated manually. These factors enhance the deployment of BMS systems globally.

Batch management software can be segmented on the basis of their functionalities which includes recipe management and execution, production scheduling, historian and reporting, quality management, resource and inventory management. Wonderware Inbatch is a control system independent batch management system introduced to deploy BMS to run new product recipes, reducing the time to market and recipe validation efforts in regulated industries.

The major players in the market are pharmaceutical, biotech and chemical industries followed by food and beverage, pulp & paper, mining & metals, cement & glass. Geographically Batch management software market can be segmented as North America, Europe, and Asia pacific. The U.S. alone holds around 40% of the global pharmaceutical market, six out of the total eleven countries are based in the country. Increased requirements for standard solutions across many facilities globally, many suppliers are responding with improved technology, developed and user friendly tools which would provide greater visibility to the manufacturing operations.

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Decoquinate-Based Products Market Challenges, Opportunities, Trends And Top Key Players till 2025

June 17, 2021: Decoquinate (ethyl 6-decoxy-7-ethoxy-4-oxo-1H-quinoline-3-carboxylate) is an antiprotozoal agent. It acts against coccidia parasites and is thus known as a coccidiostat. Decoquinate-based products are majorly used in veterinary medicine. The global decoquinate-based products market is segmented on the basis of type of formulation, and geography.  Decoquinate acts on the sporozoite stage of a coccidian parasite’s lifecycle. The sporozoite can penetrate the host’s intestinal call and prevents their further development, which necessitates the use of antiprotozoal substances. Decoquinate has low toxicity and is administered orally to a wide range of mammalian and avian species.

Various studies conducted on decoquinate-based products suggest that the drug is readily tolerated by several target species including cattle and lambs. On the other hand, studies conducted on rats and dogs showed minor changes in food consumption, feed conversion, subdued behavior, and changes in body weight and organ weight. In conclusion, though there may be a minor risk posed by decoquinate-based products, the protection it provides against coccidian parasites comfortably outweighs it.

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On the basis of type of formulation, the global decoquinate-based products market is segmented into powder, tablet, and nanoparticles and so on. “Powdered decoquinate” dominates the global decoquinate-based products industry owing to its ease of usage. Powdered decoquinate-based products can easily be added to animal feed, which also helps the drug get absorbed into the animal’s body at a rapid rate.

However, nanoscale decoquinate-based products comprise the fastest growing segment of the global decoquinate-based products market due to the added advantages nanoparticles provide over powders. The smaller size of nanoparticles means they can be absorbed into the animal’s body even quicker than powders. The increased overall surface area of nanoscale decoquinate-based products also means they are more reactive and more likely to encounter a coccidian parasite. On the basis of geography, the global decoquinate-based products market is segmented into Asia Pacific, North America, Europe, Latin America and Middle East & Africa.

North America and Europe currently dominate the global decoquinate-based products market due to the strong economic conditions and the large population of cattle in these regions. The Europe market for decoquinate-based products is driven by the rising demand from Switzerland which is known for its large dairy industry.  Additionally, several governments in North America and Europe have also set up regulatory agencies which have also been instrumental in the growth of the global decoquinate-based products market. These government bodies provide funds for developing novel veterinary biologics and animal health products such as antibodies, vaccines, diagnostic kits which are used for the prevention, diagnosis and treatment of infectious diseases in animals.

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The Asia Pacific market for decoquinate-based products is also growing rapidly due to the increasing awareness about the benefits of decoquinate among cattle and poultry breeders. The key players of global decoquinate-based products market are Alpharma, Pfizer Inc., 3 nitro, ChlorMax, Albac, Lincomusin, Laboratories Biove’s acti decocci and lacto decocci, Sogeval Laboratories Rumicox, Pharmacia & Upjihn Company’s Lincomix and Qualian’s Ucamix V decoquinate.

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Asia Pacific In Vitro Diagnostics (IVD) Market Segmentation, Growth Factor And Opportunity Analysis till 2024

June 16, 2021: The Asia Pacific in Vitro Diagnostics Market was estimated at USD 12.5 billion in the year 2015. The increasing incidence of infectious and chronic diseases, rising awareness regarding advanced diagnostics solutions as well as technological advancements are expected to boost the in vitro diagnostic market in the Asia Pacific region.

The increasing need for rapid diagnostics, rise in healthcare spending, and rapid adoption of advanced technologies in the countries like India and China attributes to the escalating growth rate of the in vitro diagnostics in the region. Moreover, the increasing per capita income in these countries also has led to boost in the in vitro diagnostics market. The other major factors responsible for the growth of the market are increasing gross domestic products, and disposable income.

High population, cheap labor, unmet needs of targeted population, as well as escalating incidence and prevalence of infectious diseases have triggered major global players to enter the regional market. The increasing number of funds and more investments in the emerging economies has also helped to boost the demand for IVD products in the region. However, the strict regulatory policies are expected to the restraint the market growth of IVD.

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Product Insights

On the basis of products, the segmentation includes reagents, instruments, and services. As of 2015, the reagents and kits segment accounted for the largest share in the region. Repetitive purchase of reagents and kits has led to the increasing demand of these products.

The instruments segment is anticipated to witness growth at significant rate during the study period. Introduction of advanced analyzers with low turnaround time is expected to flourish the regional market in the near future. For instance, in April 2017, bioMérieux announced that its new fully automated blood culture system, BacT/ALERT VIRTUO, received 510(k) clearance from the U.S. Food and Drug Administration.

Application Insights

On the basis of application, the market is classified into oncology, infectious diseases, HIV, cardiology, autoimmune diseases, nephrology, and drug testing. The infectious segment is estimated to be the largest among all due to high incidence rate of the infectious diseases in the Asia Pacific region.

Moreover, the increasing incidence of HIV has further led to the increase in demand for rapid IVD tests. In addition, the increasing awareness among the people regarding the new test methods has led to augment the in vitro diagnostics market in the Asia Pacific region.

End Use Insights

On the basis of the end use, the IVD market in the Asia Pacific region is classified into the hospitals, laboratories, homecare diagnostics, and others. Being the primary healthcare center, hospital held the largest revenue share in 2015.

Homecare diagnostics is anticipated to grow at the highest CAGR during the forecast period. Growing elderly population base, rising demand for rapid testing, and increasing initiatives for reducing prolonged hospital stays are some of the key factors supporting market growth.

Regional Insights

The regional IVD market is classified in to Japan, India, and China. China is projected to grow at the highest CAGR during the study period. The increasing per capita income and rising GDP are factors responsible for the growth of these markets.

Moreover, the developing economies such as that of India have attracted various companies to invest in these countries. The increasing population also has led to the increased demand of IVD in the Asia Pacific region.

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Competitive market Share Insights

The major players include Affymetrix, Inc., Danaher Corporation, Alere, Inc, Abbott Laboratories, Roche Diagnostics, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, BioMerieux, Inc., Vela Diagnostics, Inc., Siemens Healthcare Diagnostics, Inc., among others.

In order to gain a competitive edge in the market, major players have undertaken several organic as well as inorganic strategies. Some of the key strategies include new product launch and development, geographic expansion, mergers, acquisition, and agreement among others.

Market Segment:

Asia Pacific In Vitro Diagnostics Product Outlook (Revenue, USD Million, 2013 - 2024)

        • Reagents

        • Instruments

        • Services

Asia Pacific In Vitro Diagnostics Technology Outlook (Revenue, USD Million, 2013 - 2024)

        • Immunoassays

        • Clinical Chemistry

        • Hematology

        • Molecular Diagnosis

        • Microbiology

        • Coagulation

        • Others

Asia Pacific In Vitro Diagnostics Application Outlook (Revenue, USD Million, 2013 - 2024)

        • Infectious Diseases

        • Diabetes

        • Oncology

        • Cardiology

        • Nephrology

        • Autoimmune Diseases

        • Drug Testing

        • Others

Asia Pacific In Vitro Diagnostics End-User Outlook (Revenue, USD Million, 2013 - 2024)

        • Hospitals

        • Laboratories

        • Homecare Diagnostics

        • Others

Asia Pacific In Vitro Diagnostics Regional Outlook (Revenue, USD Million, 2013 - 2024)

        • India

        • China

        • Japan

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Pico Projector Market Growth, Top Key Players Update, Business Statistics and Research till 2022

June 16, 2021: The rapid increase in Smartphone adoption is expected to fuel the global pico projector market. The pico projectors can also practice with portable devices like tablets and laptops also. Because of this it is expected that this suitable use will help in the growth of the market in future.

Also, applications in different areas as well as portability also help in increase the growth of the market. The advancement in the technology is improving the product to advance the features like better contrast ration in addition to high pixel quality in the product.

The product is also offering other benefits like watch & share videos, pictures, presentation with others anytime. Also, compatibility with Wi-Fi, WiMax and 3G/4G technologies of the product will help it to increase its demand in the future. Growing popularity of smart devices in the market along with evaluation of the concept of the internet of things (IoT) is also helping the growth of pico projector market. Pico projector market is also driving its demand on the features like product miniaturization moreover product integration with wearable electronics, portability of product, etc.

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Product insights:

As Smartphone market is growing fast, embedded projector will gain highest revenue share because of this growth. The Smartphone with features like virtual keyboard with penetration of BYOD also has the potential of growth. This projector can also use in an automobile as a head up display unit.

Laser In addition with embedded product will get an edge over the standalone pico projector market in the upcoming seven years because of the need for mobility across all sectors of operation. With increasing image quality in laser projectors help the demand to grow in all areas especially in education sector.

Technology Insights:

The mainstream technologies that use in devices are Digital light processing And liquid crystal on Silicon. Also laser beam steering is growing technology because of its compatibility with the Smartphone as well as tablets. This technology has a better quality of display as compared to mainstream devices. With improving technology, the contrast, quality, and focus of the screen have improved as compared to mainstream technology.

Application insight:

The applications in which the Pico projectors used are large consumer electronics in addition to some others are electronics, aerospace, defense, healthcare, education, etc.

The Recent beginning of the product Smart Cast by Lenovo has a number of instinctive features like infrared motion detector, built-in laser projector with large virtual touch screen. Education institutions utilize these products to make the classroom training of students superior and insightful. Increasing inclination of providing high-end education in numerous learning institutes may drive demand over the forecast period.

Also because of sharing of the data across the department and better patient management facilities, this product is becoming popular in healthcare sector too.

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Regional Insight:

In Asia Pacific region the products like Smartphone, tablets, and laptops have a huge demand in future, so this will help to drive the sale of projector market in this area. Also North American market has a high potential because of low entry barriers in the market. As many European corporates have a policy like Bring Your Device, so this will also help the demand of projector in European market.

Competitive Market Share Insights:

As many new players are coming in the market, price-sensitive devices as well as focus on cost cutting of product, the industry has become very competitive. AAXA Technology, Sony, Samsung Electronics, Acer Inc, Optoma Inc.are some of the key players in the Pico Projector market.

Market Segment:

Pico Projector Product Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 - 2022)

       • Embedded Projector

       • Standalone Projector

       • Media Player Projector

       • USB Projector

       • Laser Projector

Pico Projector Technology Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 - 2022)

       • Digital Light Processing (DLP)

       • Laser Beam Steering (LBS)

       • Liquid Crystal on Silicon (LCoS)

       • Holographic laser projection

Pico Projector Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 - 2022)

       • Consumer electronics

       • Aerospace & defense

       • Healthcare

       • Others

Pico Projector Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 - 2022)

       • North America

       • Europe

       • Asia Pacific

       • Latin America

       • Middle East & Africa

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Almond Drink Market Segmentation, Growth Factor And Opportunity Analysis till 2025

June 16, 2021: The Almond Drinks are taken out from crushed almonds, that comprises whacky taste and soft touch. Almond drinks do not have lactose, and is extremely favored by customers that are lactose bigoted and persons that evade dairy foodstuffs, comprising vegetarian customers. Predominant makes of almond drinks contains Blue Diamond’s Almond Breeze and WhiteWave Food’s Silk Pure Almond are regularly used up internationally. The international almond drink market is divided on the source of form, taste, delivery network, use, and area.

Almond drinks are the utmost ingested milk substitute, internationally that are increasing the trades progress above the latest years. Nutritional limitations might likewise be performing an energetic part in the increase of almond drinks in the fresh history, such as the drinks absences high quantity of lactose as related with old-style milk and milk-based foodstuffs. Almond drinks are rich in protein and is calcium stimulated drinks.

The international almond drink market motivating issues are growing call for nutriment products having lactose-free owing to the comfort of digest, which is possible to pay considerably to the international almond drink market till 2025. Increasing stages of lactose bigotry is single of the key motivating factor of the market. Growing customer attentiveness about the habit of lactose-free dairy foodstuffs in everyday life cycle, which will assist in preserving the galactose level in the physique, is one and the only of the main motivating factor for the international market.

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Producers are proposing inventive dairy foodstuffs to the customers with the aim of staying in the race, in international almond drink market. Increasing populace of lactose bigotry customers is too a main issue, which is motivating the international almond drink market. Therefore, the international almond drink market is estimated to witness strong development above the prediction period.

Geologically, the international almond drink industry may be separated by most important areas that comprise North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East & Africa. Internationally, between all states, North America has established such as the leading area in international almond drink market, tracked by Europe and Asia Pacific. Growing call for almond drink in lactose-intolerant customers has reinforced the development of international almond drink market and therefore is expected to considerably increase the income input of the market above the prediction period.

The almond drink market is divided on the source of form such as simple unsweetened form and simple sweetened form. The almond drink market is divided on the source of flavor like as chocolate and vanilla. The almond drink market is divided on the source of delivery network such as retail stores, supermarket/hypermarket, online stores, and others.

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The international almond drink market is divided on the source of use in which almond drink is utilized in application in foodstuff products like as cheese, dessert course, and refreshments and drinks such as cold-pressed milks and others. Therefore, the international almond drink market is likely to considerably upturn the income support above the prediction period.

Some of the important companies engaged in the business of Almond Drink at the international level are Blue Diamond Growers, NATURA FOODS, THE LUZ ALMOND COMPANY PTY LTD, Fuerst Day Lawson, The Pressery, Alpro, Provamel, MALK Organics, DREAM, Nutriops S.L, and Rude Health.

The companies are likely to enlarge their trade by augmenting their product collection in international almond drink market. The companies are expected to set definite policies in forthcoming with the intention of adding the reasonable benefit in international almond drink market till 2025.

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Medical Holography Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2025

 June 15, 2021: The global Medical Holography Market size is projected to reach USD 4.04 billion by 2025. The market is anticipated to witness lucrative growth with a CAGR of 31.0% throughout the forecast period owing to increasing use of holography based products in biomedical research. Increasing activities and funding pertaining to R&D by key biotechnological and pharmaceutical companies is predicted to widen the scope for biomedical research activities. 

Additionally, wide array of clinical applications of holography such as in dentistry, surgical & radiological procedures, cardiac electrophysiology, and orthopedics has triggered growth of the industry. Advent of technologically advanced products, such as, miniaturized light emitting diodes and pico-like projectors, which provides high clarity holographic images are predicted to accelerate demand during the forecast period.

Emerging holographic interaction and visualization technologies enabling minimally invasive procedures has led to an enhanced safety profile for patients. The abovementioned factors leading to better outcomes for patients are expected to drive physicians and patient’s preference for these products.

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Product Insights

Holographic displays held the highest share of the product segment in 2015. The dominancy can be as a consequence of high penetration of these displays as they are an important component for viewing holograms. Moreover, the increasing modifications and advancements in holographic displays are believed to drive the demand by increasing adoption rate by physicians, researchers, and educationists.

The advancements such as incorporation of piston based displays, laser and electro-holographic is expected to be one of the high impact rendering drivers. There are several benefits associated with the above-mentioned technological advancements for diagnostic procedures, which is providing attractive growth opportunities. The benefits associated with these products include precise coordination in interventional and diagnostic applications, real-time visualization of organs and improved training.

Application Insights

Owing to the benefits associated with holographic technology such as live imaging which enhanced visibility of organ is expected to boost the medical education segment and provide lucrative growth opportunities. Moreover, 3D anatomical models help in providing information and instructions in an effective manner leading to high demand and attractive growth opportunities.

In addition, this technology enables generation of full human anatomy holograms, which facilitates in revealing important disease information which is not possible with any other visualization techniques available.

End-use Insights

The largest share was held by research laboratories in 2015 owing to high adoption rate of these products for research purposes that facilitates real-time analysis of live cells & phase contrast based imaging.

Moreover, the minimally invasive nature of holographic detection thus precluding cell deformation occurring due to examination procedures and consequently rendering it as the preferred choice for researchers.

Regional Insights

A substantial share of more than 38.0% was held by North America in 2015. This can be attributed to presence of majority of key players, undertaking various research activities in the region.

High prevalence of disease in the region serves as an important growth factor leading to high clinical urgency to use medical holographs, which are becoming increasingly accessible that facilitates sophisticated imaging. Moreover, high investments in R&D are anticipated to increase holography products in research. The above-mentioned factors are expected to drive the regional market.

Asia Pacific is anticipated to witness an exponential growth during the forecast period. The growth can be attributed to rise in disposable incomes and healthcare expenditure. In addition, increasing awareness level of physicians pertaining to benefits associated with these products such as enhanced patient care & diagnosis and improved performance of physicians.

Moreover, increasing focus on healthcare infrastructure quality is expected to further boost the adoption of medical holography products. For example, scientist in Japan developed touchable holograms in December 2015 which can be adopted in wide array of applications leading to enhanced biological procedure & process demonstration in the future.

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Competitive Insights

Prominent players include zSpace Inc., Lyncee Tec, Nanolive SA, Phase Holographic Imaging AB, Zebra Imaging, and RealView Imaging Ltd. These companies are undertaking mergers & acquisitions, distribution enhancement strategies, new product launch and development activities, which are contributing to the significant growth of the sector.

For example, Rattan, a software consulting company was acquired by Zebra Imaging to integrate the technologically advanced technology such as 3D light-field in their holographic display product portfolio.

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, the global medical holography market has been segmented on the basis of product, application, end-use and region:

Market Segment:

Global Medical Holography Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Holographic Display

        • Laser

        • Touchable

        • Piston

        • Semi-transparent

    • Microscope

    • Print

    • Software

    • Others

Global Medical Holography Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Medical Imaging

        • Ophthalmology

        • Dentistry

        • Urology

        • Otology

        • Orthopedics

        • Others

    • Medical Education

    • Biomedical Research

Global Medical Holography End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Academic Centers

    • Pharmaceutical & Biotechnology Companies

    • Biomedical Research

Global Medical Holography Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • Middle East and Africa

        • South Africa

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Dermatology Devices Market Business Prospects, Leading Players Updates and Industry Analysis till 2025

June 15, 2021: The global Dermatology Devices Market size is likely to reach USD 25.7 billion by 2025, registering at a 13.5% CAGR during the forecast period. Rising number of esthetic procedures and escalating prevalence of skin-related disorders are major factors contributing toward the growth of the market.

There has been a rise in incidences of poor skin conditions which lead to increasing number of the skin treatments performed where dermatology devices are needed. According to the International Society of Aesthetic Plastic Surgery, around 20,236 thousand aesthetic procedures were performed globally. Thus, this large number of plastic and aesthetic surgeries performed worldwide is also expected to augment the dermatology devices market. Moreover, the increasing aesthetic concern among the population has led to the increased demand for the dermatology procedures ultimately leading to the dermatology devices market growth. In addition, the hair related problems are also expected to boost the growth of the market.

Growing prevalence of skin cancer is another major factor contributing toward market growth. For instance, according to American Cancer Society, about 10,130 people die due to melanoma each year in the U.S. Thus, there is rising demand for dermatology products for the diagnosis of the skin cancer which can help the prevention of cancer at an early stage. For instance, dermatoscopes are used for the detection of skin cancer by the evaluation of pigmented lesions. Moreover, the growing technological advancements in the dermatology devices has led to the increased demand for these products. Furthermore, the increased incidence of the obese population has further led to increased demand for the liposuction procedures, where dermatology products are used, ultimately boost the market growth.

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Product Insights

Based on the products, the dermatology devices market is classified into treatment and diagnostic devices. The dermatology treatment segment is estimated to dominate the market due to increasing population adopting newer dermatological or aesthetic procedures for the treatment of skin disorders and enhancement of the skin. Also, the acne-related problems are growing, which is attributed to increased demand for these products for acne treatment. This increase in the demand for the acne removal procedures has attributed to the growth of the market.

The diagnostic segment is expected to grow at a significant rate over the forecast period. This is due to the increased incidence of the skin disorders and skin cancer globally, which has created an awareness among the people for early stage diagnosis of cancer.

Type Insights

There are different types of diagnostics products including dermatoscopes, imaging devices, and microscopes available for the diseases diagnosis. Among them, the imaging segment accounted for the largest revenue share in 2015 due to the increasing prevalence of skin cancer and other skin disorders. The imaging devices are widely used for the early diagnosis of the skin cancer. Based on the treatment market is classified into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices. Amongst them, light therapy accounted for the largest market share in 2015 owing to its large usage in the acne treatment.

Liposuction devices are expected to showcase significant growth rate due to increase in the number of obese people globally and rising concern about fat removal and body contouring amongst people with obesity. Moreover, the weight management can be done by liposuction products helping in the prevention the other chronic conditions such as heart diseases and diabetes.

Application Insights

Skin cancer segment accounted for the largest share of the overall market in 2015 due to the increasing incidence of skin cancer worldwide. There is high demand for advanced diagnostics products for early detection of skin cancer. Amongst the dermatology treatment segment, the vascular lesions dominated the segment in 2015. This high share is due to the large application of the lasers and light therapy devices for the treatment of the vascular lesions.

Acne, tattoo, and psoriasis removal are expected to showcase a lucrative growth rate during the forecast period. This is due to the increased visibility of the scars due to acne and their removal becomes essential for aesthetic appeal. Moreover, the tattoo can cause various adverse effects in the later phase of the life, hence tattoo removal is in demand, boosting the segment growth.

End Use Insights

The end use segment is categorized into clinics, hospitals, and other healthcare facilities. The hospital segment held the largest share and is estimated to dominate the market during the study period. This is because of a large number of the dermatology and aesthetic procedures performed in the hospitals for various treatments such as skin disorders and fat removal.

The other segment includes diagnostic centers and e-commerce. This segment is projected to show a significant growth during the forecast period due to growing prevalence of the skin cancer globally. Thus, there is increased demand for the diagnostics products for the early diagnosis of skin cancer.

Regional Insight

North America dominated the market in 2015 due to the highly developed healthcare infrastructure and high disposable income in this region. Moreover, the higher prevalence of the skin cancer and obesity in the U.S. also has led to the growth of the market.

The Asia Pacific is expected to showcase the fastest growth during the forecast period. This high growth is due to the growing popularity of medical tourism owing to the availability of less expensive medical treatments in the Asia Pacific region.

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Competitive Insights

Some of the key players comprise Solta Medical, Inc.; Alma Lasers, Ltd.; Valeant Pharmaceuticals International Inc.; Cynosure, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Avita Medical Ltd.; and GE Healthcare. These companies are involved in new product development, mergers & acquisitions, collaborations, and geographical expansions to gain maximum share in the sector. For instance, in 2013, cynosure, Inc., acquired Palomar medical technologies, that is expected to strengthen their laser-based treatment product portfolio.

Market Segments:

Dermatology Devices Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Diagnostic

    • Treatment

Dermatology Diagnostic Devices Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Dermatoscopes

    • Microscopes

    • Other Imaging Devices

    • Biopsy Devices

Dermatology Diagnostic Devices Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Skin Cancer Diagnosis

    • Others

Dermatology Treatment Devices Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Light Therapy Devices

    • Lasers

    • Electrosurgical Equipment

    • Liposuction Devices

    • Microdermabrasion Devices

    • Cryotherapy Devices

Dermatology Treatment Devices Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Hair Removal

    • Skin Rejuvenation

    • Acne, Psoriasis, and Tattoo Removal

    • Wrinkle Removal and Skin Resurfacing

    • Body Contouring and Fat Removal

    • Cellulite Reduction

    • Vascular and Pigmented Lesion Removal

    • Others

Dermatology Devices End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospitals

    • Clinics

    • Others

Dermatology Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • MEA

        • South Africa

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Email: ryan@millioninsights.com