Dermatology Cryosurgery Units Industry is expected to reach US$ 308.6 Million by 2033: Cryosurgery Technology in Emerging Economies | FMI

The dermatology cryosurgery units industry is anticipated to thrive at a healthy CAGR of 7.0% between 2023 and 2033. The market is expected to have a market share of US$ 308.6 million by 2033, while it is likely to be valued at US$ 156.5 million in 2023.

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• Increasing air pollution and its effects on the skin and face and the changing environment causing hair loss are pushing vendors to look for effective preventive and treatment methods. Hence, the integration of cryosurgery in dermatology is increasing market traction.
• Rising per capita income and influential social media posts are pushing end users to go through these surgery units for better skin and enhanced face. Alongside this, the changing dynamics of healthcare facilities and extending units like dermatology are transforming the market,
• Leading pointers for the higher adoption of the techniques can be a quick recovery period, minimally invasive, limited scarring, and affordable procedures.
• The procedure is followed by a surgery device that employs extreme cold or freezing temperatures. The process is done to treat diseased and abnormal skin tissues. The technique has been successful and is expected to be adopted in leading healthcare institutions.
• The integrated sensors and skin-type detectors are also active in the units. Also, more people becoming aware of these issues enrich the end-user choices, increasing the competition among the market players.
• Online consultation, easy medical held, and available technology in emerging economies are also increasing the adoption of dermatology cryosurgery units.

Key Points:

1. The United States market leads the North American dermatology cryosurgery units industry in terms of market share in North America. The United States held a healthy market share of 38.4% in 2022. The factors attributed to the growth are higher awareness, increased research and development, and the rising availability of these surgeries. The North American region held a market share of 40.6% in 2022.
2. The German dermatology cryosurgery units industry held an average market share of 4.9% in 2022. The market growth is caused by higher traction of cosmetic and skin-related surgeries in the region. The European region held a market share of 26.6% in 2022.
3. The Indian market thrives at a steady CAGR of 8.6% between 2023 and 2033. The growth is attributed to the increased per capita income, the advent of international dermatology brands, etc.
4. Based on product type, the handheld type segment held the leading market share of 57.7% in 2022.
5. Based on end-user type, the dermatology clinics lead, holding a market share of 32.1% in 2022.

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Competitive Landscape:

The key suppliers focus on delivering affordable, effective, and minimally invasive units. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players:

• Special Medical Technology Co.Ltd.
• BOVIE MEDICAL
• CORTEX TECHNOLOGY ApS
• H&O Equipment
• CryoIQ AB
• CryoConcepts LP
• CryoPen, Inc.
• Brymill Cryogenic Systems
• Üzümcü Tbbi Cihaz ve Medikal Gaz Sist. San. Ve Tic. A.
• OraSure Technologies

Recent Market Developments:

• H&O Equipment has introduced the Dermatology Cryosurgery Unit, which is effective in sun spots, age spots, skin tags, and small warts. It is used as a tool for removing small or superficial benign.
• CORTEX TECHNOLOGY ApS has launched the CryoPro, a liquid nitrogen sprayer that is a minimally invasive treatment option.

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Key Segments Covered:

By Product Type:

• Handheld
• Stand Alone

By End Use:

• Dermatology Unites
• Aesthetic Clinics
• Drugstore and Cosmetics Stores
• E-commerce
• Others

Regions Covered:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Excluding Japan
• The Middle East and Africa

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