Singapore Dermatology Devices Market Size & Outlook
Singapore dermatology devices market, 2018-2030 (US$M)
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Singapore dermatology devices market highlights
- The Singapore dermatology devices market generated a revenue of USD 96.3 million in 2023 and is expected to reach USD 230.3 million by 2030.
- The Singapore market is expected to grow at a CAGR of 13.3% 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 96.3 million |
| Market revenue in 2030 | USD 230.3 million |
| Growth rate | 13.3% (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, Singapore accounted for 0.6% 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 |
|---|
Singapore 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 80.27% in 2023. Horizon Databook has segmented the Singapore dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore is one of the most rapidly aging countries across the world and is anticipated to be among the super-aged countries by 2030. Increasing geriatric population is anticipated to fuel the demand for dermatology devices in the country.
According to L.E.K, countries in Southeast Asia, such as Singapore, hold attractive medical aesthetics markets, as middle-class consumers in these countries are increasing. The annual facial care expenditure per person was highest in Singapore as compared to other Southeast Asian countries, primarily due to high economic growth.
According to Hindwai, 1% to 2% of the population in Singapore suffers from psoriasis. A survey carried out by the Straits Times on 681 people reported that 22% of children & 11% of adults had eczema. Trigger factors most commonly associated with the condition were hot weather and dusty environment. Singapore is an emerging country for esthetics and dermatology, which is expected to boost market growth.
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Target buyers of Singapore 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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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into Singapore dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore dermatology devices market size, by product, 2018-2030 (US$M)
Singapore Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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