Philippines Dermatology Devices Market Size & Outlook
Philippines dermatology devices market, 2018-2030 (US$M)
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Philippines dermatology devices market highlights
- The Philippines dermatology devices market generated a revenue of USD 52.7 million in 2023 and is expected to reach USD 130.5 million by 2030.
- The Philippines market is expected to grow at a CAGR of 13.8% 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 52.7 million |
| Market revenue in 2030 | USD 130.5 million |
| Growth rate | 13.8% (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, Philippines accounted for 0.3% 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 |
|---|
Philippines 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 79.89% in 2023. Horizon Databook has segmented the Philippines dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
According to IndexMundi, the median age of the country was nearly 24 years in 2017. Extensive use of social media among this demographic has led to an increase in awareness about beauty trends & dermatology treatments, fueling the market.
According to SkinMD, around 1 of 50 Filipinos will be diagnosed with skin cancer at some point in their lifetime, and this is expected to increase dermatology consultations, further boosting the demand for dermatology devices in the country.
According to the International Healthcare Research Center and the Medical Tourism Association, the Philippines ranked 19th in terms of destinations for medical tourism. This can be attributed to availability of cosmetic procedures at relatively low prices, which is boosting market demand.
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Target buyers of Philippines dermatology devices market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Philippines dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into Philippines dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines dermatology devices market size, by product, 2018-2030 (US$M)
Philippines Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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