Regional Analysis
Global Skin Excision Market Regional Insights:
- North America has established itself as the dominant market for skin excision procedures. The region accounts for the largest industry presence with major skin excision device manufacturers such as Medtronic, a biotechnology company based in the U.S. Moreover, North America has the highest number of board-certified dermatologists per capita who specialize in skin cancer detection and excision. This ensures easy access to quality care and rapid adoption of advanced excision technologies in the region. When it comes to import and export of skin excision devices and technologies, North America is a clear leader. With the large size and purchasing power of the U.S. healthcare industry, most major medical device manufacturers cater first to the needs of North American customers. This solidifies the region's position as the innovation hub for excision technologies. Local manufacturing also makes devices cheaper and more accessible within North America as compared to other regions.
- Asia Pacific has emerged as the fastest growing market for skin excision globally. Countries such as China, India, and Japan have witnessed immense economic development over the past decade which is boosting healthcare investments and access. Rising incomes have also increased awareness about skin cancers in Asia pacific leading to higher demand for diagnosis and treatment. The large patient population in these countries means even small percentage growth that translates into huge numbers. Medical tourism is bringing international patients to Asia for affordable skin excision surgeries. While device imports into Asia still trail North America, local manufacturing is growing rapidly. Chinese and Indian companies are introducing affordable generic devices to meet domestic needs. Their focus on value has made these regions important sourcing hubs. Multinational corporations are also expanding their Asia Pacific operations to capitalize on the region's momentum. This is lowering procedure costs in Asia pacific further and adding to the market's attractiveness. With healthcare expenditure expected to rise steadily in Asia pacific, global skin excision market will likely continue its strong growth trend in the near future.
Figure 1. Global Skin Excision Market Share (%), By Region, 2024