The South & Central America dermatology devices market is expected to grow from US$ 298.16 million in 2022 to US$ 522.24 million by 2028; it is estimated to grow at a CAGR of 9.8% from 2022 to 2028.
Rising Popularity of Skin Rejuvenation and Resurfacing
Skin irregularities caused due to unprotected exposure to ultraviolet (UV) rays, skin disorders, aging, and hereditary issues can consist of textural irregularities, such as wrinkles and acne scars, and pigmentation changes, including freckles, sunspots, and visible blood vessels. Additionally, irregularities may cause the loss of tone and healthy glow in younger skin. Also, the skin feels less firm. To overcome skin irregularities and treat several aspects of skin damage, different treatment modalities are available in the market. A few treatment modalities include laser treatment for skin resurfacing, mechanical resurfacing, chemical peels, and injectable products that can improve the appearance of fine lines and wrinkles of the entire face or those developing in a specific area of the face, such as upper lip and around the eyes. Moreover, advanced treatment modalities can also be used to treat pigmentation disorders, such as sun and age spots and acne scars. For example, laser resurfacing is a facial rejuvenation procedure that allows lasers to improve the skin's appearance or treat minor facial flaws. The procedure comprises two types—ablative lasers and nonablative laser or light source. Ablative laser removes the thin outer layer of skin (epidermis) and heats the underlying skin (dermis), stimulating collagen growth. Types of ablative therapy involve a CO2 laser, an erbium laser, and combination systems. Additionally, a nonablative laser is a less aggressive technique than an ablative laser and requires a shorter recovery time. Therefore, skin rejuvenation and resurfacing are expected to fuel the growth of the South & Central America dermatology devices market during the forecast period.
Market Overview
A few key factors driving the South & Central America dermatology devices market include the rising prevalence of skin conditions and melanoma and increasing demand for cosmetic procedures. Brazil has the sixth-largest GDP in the world and also the fourth-highest population among the major countries listed, and a fairly high growth rate suggesting a huge market potential for dermatology devices. Major countries contributing to the market's growth include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. The countries offer significant growth opportunities for the growth of the market. Countries are improving their health infrastructures by allowing new entrants to enter the business. Therefore, it is expected that the demand for medical aesthetics will increase. In addition, countries in the region are investing and interested in improving their health care and focusing on primary and advanced care. Therefore, these countries' health facilities are expected to increase.
Further, the prevalence of skin cancer is also increasing in these countries, boosting the demand for diagnostic dermatology devices. Peru ranks first in the world experiencing ultraviolet radiation, where skin cancer incidences are increasing rapidly. According to World Health, in 2020, skin cancer deaths in Peru reached 786 or 0.64% of total deaths. Several campaigns have also been launched to enhance awareness among individuals, boosting the demand for dermatology diagnostic devices.
Laser dermatology surgeries are also prominent in Peru. Several international companies offer their dermatology laser devices in Peru, including LasMedTech, Lutronic Vision, Azena Medical, Convergent Laser Technologies, The Skin Lab, Wuhan Dimed Laser Technology, EDAP TMS, Amico Group, and several others. These factors are driving South & Central America dermatology devices market during the forecast period.
South & Central America Dermatology Devices Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the South & Central America Dermatology Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the South & Central America Dermatology Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.South & Central America Dermatology Devices Strategic Insights
South & Central America Dermatology Devices Report Scope
Report Attribute
Details
Market size in 2022
US$ 298.16 Million
Market Size by 2028
US$ 522.24 Million
Global CAGR (2022 - 2028)
9.8%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Product Type
By Application
By End User
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South & Central America Dermatology Devices Regional Insights
South & Central America Dermatology Devices Market Segmentation
The South & Central America dermatology devices market is segmented on the basis of product type, application, end user, and country. Based on product type, the South & Central America dermatology devices market is bifurcated into treatment device and diagnostic device. The treatment device segment held a larger share of the market in 2022.
Based on application, the South & Central America dermatology devices market is segmented into skin cancer diagnosis, skin rejuvenation, hair removal, body contouring & skin tightening, psoriasis, and others. The skin cancer diagnosis segment held the largest share of the market in 2022.
Based on end user, the South & Central America dermatology devices market is segmented into hospitals, dermatology clinics, and others. The hospitals segment held the largest share of the market in 2022.
Based on country, the South & Central America dermatology devices market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market in 2022.
Alma Lasers, Candela Corporation, Cutera Inc., El.En. S.p.A., and FotoFinder Systems GmbH are the leading companies operating in the South & Central America dermatology devices market.
The South & Central America Dermatology Devices Market is valued at US$ 298.16 Million in 2022, it is projected to reach US$ 522.24 Million by 2028.
As per our report South & Central America Dermatology Devices Market, the market size is valued at US$ 298.16 Million in 2022, projecting it to reach US$ 522.24 Million by 2028. This translates to a CAGR of approximately 9.8% during the forecast period.
The South & Central America Dermatology Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Dermatology Devices Market report:
The South & Central America Dermatology Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Dermatology Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Dermatology Devices Market value chain can benefit from the information contained in a comprehensive market report.