Skin Imaging Systems Market: Information by Type (Ultrasound, Optical), Application End-User, Sales Channels (Direct Sales, Distribution Channels) — Forecast till 2029

Aug 13, 2020   Market Overview The increasing prevalence of dermatological conditions and rising concerns regarding skin health are the crucial factors driving the demand for skin imaging systems across the world. A substantial upsurge in conditions such as hair fall, psoriasis, acne, pigmentation, vascular lesion, and eczema can be attributed to changing lifestyles and growing pollution levels. The global skin imaging systems market was valued at USD 1,813.78 million in 2019 and is expected to grow at a CAG...
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Report Description

Market Overview

The increasing prevalence of dermatological conditions and rising concerns regarding skin health are the crucial factors driving the demand for skin imaging systems across the world. A substantial upsurge in conditions such as hair fall, psoriasis, acne, pigmentation, vascular lesion, and eczema can be attributed to changing lifestyles and growing pollution levels.

The global skin imaging systems market was valued at USD 1,813.78 million in 2019 and is expected to grow at a CAGR of 7.0% during the forecast period, 2020–2024. The market is primarily driven by the growing demand for aesthetics and rising spending on aesthetics.

Technologically Advanced Treatment Methodologies for Skin Diseases

Increasing incidences of moles and pressure ulcers are further fueling market growth. Moles and pressure ulcers are a chronic issue associated with inadequate diet, immobility, aging, or incontinence in patients. More than 2.5 million individuals in the U.S. experience pressure ulcers per year, according to Longport Inc. Treatment costs vary from USD 20,000 to USD 150,000 based on the type of wound and the severity of the ulcers. Thus, Longport Inc. launched a high-resolution ultrasound known as EPISCAN, which produces approximately 40-micron images. The formation of melanoma lesion and a deep injury to the tissue begins when tissue is deprived of oxygen and uncontrollably starts proliferating it. Ulcer formation is ultrasonically observed, reasoning to the fluid secretion producing ulcers on the skins or epidermal layer. High-resolution cameras in optical-based systems separate the weakened cell layers from the normal structures of skin epithelial cells. For the treatment of skin diseases and disorders, a strong increase has been identified in the usage of standard skin imaging systems for diagnosis and treatment transfer to the use of high-frequency ultrasonic skin imaging systems.

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Alarming Rate of Skin Cancer Patients

Similarly, the World Health Organization says that 1 in every 3 cases of cancer is of the skin, and one-fifth of the people in the U.S. are observed to be diagnosed with the condition in their lifetime. The prevalence of skin cancer has grown exponentially all over the world over the years. Compared to a National Cancer Institute (U.S.) survey, skin cancer accounted for 4.6% of all reported forms of cancer in the U.S. There are expected to be 76,100 new cases of skin melanoma in 2014. The need to diagnose and cure these diseases as early as possible has guided the development of advanced and responsive diagnostic methods in the marketplace. It, in turn, enhanced product competitiveness and remarkably improved business growth.

Also, the prevalence of melanoma and skin cancers that are not melanoma is on the rise. In the U.S., close to 10,130 people die every year from melanoma, according to the Skin Cancer Foundation. On the other hand, the American Cancer Society, 2018, revealed that about 91,270 new cases of melanoma are estimated to be diagnosed in the U.S. in 2018. In fact, the American Academy of Dermatology (AAD) estimated that one in three Americans attend dermatologists, and each year one in four is affected by skin disease. Consequently, the need for quick diagnosis and treatment of skin disorders is growing, thus boosting demand for skin diagnosis systems.

Besides this, an increase in the geriatric population also serves as a factor causing market development. As aging skin is more prone to dermal disorders such as skin cancer and invasive melanoma, the growing number of elderly people have driven demand for these devices to diagnose different conditions. Additionally, technological advancements such as the launch of small format devices and easy-to-use apps are also increasing their appeal.

Also, as per the National Rosacea Society, Rosacea is a common but poorly understood disorder of the facial skin, predicted to affect above 16 million Americans and around 415 million across the globe. Moreover, a National Rosacea Society survey found that 95% of rosacea patients had known little or nothing about its signs and symptoms prior to their diagnosis. Because of its red-faced, acne-like effects on personal appearance, it can cause significant psychological, social, and occupational problems if left untreated. This will lead to a surge in the adoption of the skin image system, thereby driving the market growth.

Rising Beauty Consciousness to Bolster the Skin Imaging Systems Market

Rising aesthetic awareness, on the other hand, is boosting the demand for dermatology products. In the present situation, people of all age groups are constantly concerned about their image refining. Treatments such as complete skin rejuvenation are becoming increasingly common. There has been a latent shift from using conventional products to technologically advanced equipment that helps in better diagnosis and treatment of various skin diseases and improves one's aesthetic appeal. Lasers are used in aesthetic procedures such as hair removal, skin rejuvenation, acne, psoriasis, tattoo removal, wrinkle removal, skin resurfacing, vascular lesions, and pigmented lesions, among other skin diseases. Lasers with longer wavelengths and improved designs have expanded the range of beauty treatments, making it profitable for the cosmetic laser industry. The advent of technically innovative non-invasive laser treatments has resulted in high demand for skin imaging systems, as skin image devices are needed to diagnose the skin problem and aid in deciding which treatment to opt for. Hence,the growing demand for aesthetic procedures and early diagnosis of skin is driving the skin imaging devices market.

Skin rejuvenation and increasing beauty consciousness among men and women are further fostering the market growth. The availability of a range of treatment options in such facilities has increased the number of visits for skin disease diagnosis and dermatology treatments in hospitals and clinics. Also, the rising demand for non-invasive cosmetic procedures has led to an increase in the adoption rates of these devices.

In addition, the advent of advanced dermatology devices to remove age spots or dark marks is expected to propel the market for the product over the forecast period. Procedures such as microdermabrasion are used to renew the overall tone of the skin, as well as to reduce scarring, wrinkles, and other skin conditions. Dermatological devices underwent a rapid transformation in today's healthcare environment. For instance, the imaging market also focuses on informatics imaging, artificial intelligence, hybrid modalities, and patient follow-up. Skin imaging techniques are commonly used, such as q-space trajectory imaging (QTI) and optical coherence tomography (OCT). Other skin imaging methods such as polarized-light imaging and terahertz imaging are now gaining popularity, which in turn fuels demand development for dermatology imaging systems. This is expected that increased understanding of such procedures would fuel demand for dermatology services, resulting in a corresponding rise in demand for dermatology equipment such as imaging devices.

Segmental Analysis

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Extensive Optic-Based Products

Based on type, the global skin imaging market is segmented into ultrasound and optical. Optical-based systems accounted for the highest revenue share in the year 2019 in terms of the revenue owing to the availability of a large number of optics-based products in the market. Recent developments and new product launch also use optics-based sources, due to which the segment is expected to grow with the lucrative growth rate.

Considering the booming and dynamic development of the skin ultrasound equipment and its diagnostic capabilities, skin ultrasound has the potential to become the most preferred skin diagnostics examination in the coming future.

Skin Cancer Segment to Dominate by Application

Based on application, the global market is segmented into pigmented lesions, psoriasis, skin cancer, plastic and reconstructive surgery, and other applications. Skin cancer was the largest revenue holding segment in 2019. The adoption of these systems is the highest across all the end-users for the detection of skin cancer. Thus, the shipments of skin imaging system were highest for skin cancer diagnosis in 2019

Regional Analysis

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Innovation and Technological Advancement — Prime Factors Driving the North America Skin Image Systems Market

North America dominates the global skin image systems market due to well-structured and well-functioned healthcare infrastructure. The availability of a plethora of hospitals and specialty clinics operating under the North American healthcare infrastructure is the crucial factor driving the North American skin image systems market. The innovative and competitive environment of the overall diagnostics market across North America is also one of the predominant factors aiding the North American skin image systems market growth. North America is technologically strong, and support from government entities for the establishment of manufacturing facilities fuels the market growth. Moreover, the increasing prevalence of skin diseases across North America can be held as one of the prime factors for the North American skin image systems market growth. Incoming investments from government entities and private sectors have boosted the research and development regarding skin image systems, escalating market growth.

Developed Healthcare Infrastructure in Europe

Europe is one of the technologically developed regions and an import-dominant economy. The region relies on the imports of diagnostic imaging systems and other medical devices on the other international markets. But the presence of world-renowned skin image systems manufacturers in Europe is expected to drive the Europe skin image systems market. People in Europe are highly aware of their body health and skin health, which has increased demand for skin image systems across Europe, especially in Germany, the U.K, and other developed countries. Highly developed healthcare infrastructure, developed and consumer-centric reimbursement policies, and insurance schemes — are some of the factors driving the Europe skin image systems market. Countries in Europe are the fashion capitals of the world, which has eventually increased aesthetic value for skin and body across Europe, ultimately boosting the overall skin image systems market growth.

Competitive Landscape

Prominent companies operating in the global skin imaging systems market are Emage Medical LLC, Courage + Khazaka electronic GmbH,Atys Medical, Longport Inc., Cortex Technology, Canfield Scientific, Inc., tpm – taberna pro medicum, MetaOptima Technology Inc., and DermSpectra.

Skin Imaging Systems Market Segmentation

By Type

  • Ultrasound
  • Optical

By Applications

  • Pigmented lesions
  • Psoriasis
  • Skin Cancer
  • Plastic and Reconstructive Surgery
  • Other Applications

By End-User

  • Hospital
  • Specialty Clinics
  • Skin Rejuvenation Centers
  • Telemedicine Centers

By Sales Channel

  • Direct
  • Distribution Channel

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central, South America, and the Caribbean
  • The Middle East and Africa