In recent years, the use of dermatology diagnostic devices has increased due to increasing awareness of skin disorders, growing demand for better diagnosis, and technological advancements. The demand from the baby boomer generation to treat various skin ailments is a major factor driving the growth of this market.
The North American dermatology diagnostic devices market comprises the U.S., Canada, and Mexico, of which the U.S commands the largest share of the market. This major share of the U.S. can largely be attributed to factors such as the increasing demand for dermatologists and dermatology care, increasing disposable income, and increase in healthcare insurance coverage.
The Canadian market is the second-largest market in the North American region, and is expected to grow further in the coming years due to increasing awareness of various skin ailments and increasing incidences of skin cancer in the region due to exposure to sun light and UV radiation.
The Mexican region is anticipated to grow due to factors such as increase in insurance coverage and growing awareness of various skin disorders. It is one of the fastest-growing markets in terms of CAGR.