U.K. Region is Expected to Grow at the Highest CAGR of 10.0% in Dermatology Diagnostic Devices Market

Date: 2015-08-17

“The European dermatology diagnostic devices market is estimated to grow at a CAGR of 9.6% from 2014 to 2019. Although the mature markets such as Germany and France hold larger shares in the dermatology diagnostic devices market, the U.K. region is expected to grow at the highest CAGR of 10.0% during the forecast period. The growth of the dermatology diagnostic devices market is driven by factors such as rising skin disorders, demand for more number of dermatologists, and technology advantages. However, factors such as lack of awareness, competitive pricing, and lack of dermatology care are hindering the growth of this market.

In this report, the European dermatology diagnostic devices market has been broadly classified on the basis of type. The type segment includes dermatoscope, imaging technique, and microscope. The imaging technique has the highest market share in the diagnostic device market and is estimated to grow at a CAGR of 9.8% during the forecasted period, from 2014 to 2019. This is due to the imaging techniques being an in vivo tool which also helps in the detection of later stages of skin disorders. 

Germany has the largest share of 25.8% in the European dermatology diagnostic devices market in 2014, followed by France. The dermatology diagnostic devices market in Germany is primarily driven by the increasing demand from aging population and increasing skin cancer and disorders. The U.K. is estimated to be the fastest growing segment in the European region at a CAGR of 10.0% during the forecast period. This is due to the increasing insurance coverage and awareness of various skin disorders in this region.

The European dermatology diagnostic devices market is a competitive market with a number of market players. As of 2014, the European dermatology diagnostic devices market is estimated to be dominated by AMD Global Telemedicine Inc., Carl Zeiss Meditec, FEI Company, Fotofinder Systems GMBH, Leica Microsystems, Michelson Diagnostics Ltd., Nikon Corporation, MELA Sciences, Inc., Verisante Technology, Inc., Solta Medical, GE Healthcare, MAVIG GmbH, Bruker Corp., Philips Healthcare, Heine Optotechnik, Siemens Healthcare, Toshiba Medical Systems, and Welch Allyn. 

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