Malaysia Dermatology Devices Market Size & Outlook
Malaysia dermatology devices market, 2018-2030 (US$M)
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Malaysia dermatology devices market highlights
- The Malaysia dermatology devices market generated a revenue of USD 65.9 million in 2023 and is expected to reach USD 168.0 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 14.3% 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 65.9 million |
| Market revenue in 2030 | USD 168.0 million |
| Growth rate | 14.3% (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, Malaysia accounted for 0.4% 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 Asia Pacific, Japan dermatology devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,673.3 million by 2030.
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Dermatology Devices Market Scope
Dermatology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia 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 79.82% in 2023. Horizon Databook has segmented the Malaysia dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
As of 2012, there were 84 registered dermatologists, one for every 200,000 people, in the country. The Ministry of Health stated that it had a goal to reach 285 dermatologists by 2020. However, the number of dermatologists in the country is still low, which is expected to impede market growth.
In August 2018, the Health Ministry stated that to curb illegal beauty services, it was increasing enforcement of esthetics and cosmetic therapy services. Action against Illegal esthetic and medical centers or uncertified medical practitioners will be taken under the Private Healthcare Facilities and Services Act 1998 (Act 586).
This implies that the government is readily constructing laws to monitor esthetic and dermatology practices, which might drive the market in the future. It has also been reported by the country’s National Cancer Registry data that the prevalence of skin cancer is increasing, accounting for nearly 2.6% of cancer cases in the country.
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Our clientele includes a mix of dermatology devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia dermatology devices market size, by product, 2018-2030 (US$M)
Malaysia Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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