Colombia Dermatology Devices Market Size & Outlook
Colombia dermatology devices market, 2018-2030 (US$M)
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Colombia dermatology devices market highlights
- The Colombia dermatology devices market generated a revenue of USD 108.6 million in 2023 and is expected to reach USD 207.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, treatment devices was the largest revenue generating product in 2023.
- Treatment devices is the most lucrative product segment registering the fastest growth during the forecast period.
Dermatology devices market data book summary
| Market revenue in 2023 | USD 108.6 million |
| Market revenue in 2030 | USD 207.9 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Treatment devices |
| Fastest growing segment | Treatment devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic devices, Treatment devices |
| Key market players worldwide | Fosun International Ltd, Bausch Health Companies Inc, Cutera Inc, Ambicare Health |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.7% of the global dermatology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil dermatology devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 575.3 million by 2030.
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Dermatology Devices Market Scope
Dermatology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Colombia dermatology devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dermatology devices market will help companies and investors design strategic landscapes.
Treatment devices was the largest segment with a revenue share of 79.93% in 2023. Horizon Databook has segmented the Colombia dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
Colombia has the fourth largest dermatology devices industry in Latin America, becoming a major target for international brands. Bogota is a hub for dermatology services in Colombia. Key market drivers include increasing prevalence of skin conditions among people, growing international investments in aesthetics market, increasing baby boomer population, and high awareness & adoption of dermatology procedures among individuals.
There are around 567 registered dermatologists in the Colombian Association of Dermatology and Dermatological Surgery. The country also has a high prevalence of chronic skin conditions such as psoriasis and estimated burden of 43.6 DALY (Disability-Adjusted Life-Years) per 100,000 people.
The skin conditions also account for 3% of dermatology consultations. Colombia’s healthcare system is one of the most efficient systems; it ranked 22nd out of 150 countries in 2019, covering more than 95% of its population.
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Our clientele includes a mix of dermatology devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into Colombia dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia dermatology devices market size, by product, 2018-2030 (US$M)
Colombia Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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