Dermatology Devices Market was valued at $10200.01 Million in 2022, and is projected to reach $18327.31 Million by 2030, registering a CAGR of 7.6%
Dermatology devices facilitate in diagnosing and treatment of skin disorders. The devices can be used for skin biopsy, topical chemotherapy, cryosurgery, photodynamic therapy, electrodessication & curettage and Mohs micrographic surgery.
There are varied skin disorders, which comprise of psoriasis, acne, eczema rosacea, ichthyosis, vitiligo, seborrheic dermatitis, hives and other skin disorders.
Skin disorders differ in symptoms and severity. In addition, these can be temporary or permanent, and may be painless or painful.
Some of the skin disorders have situational causes while others may be genetic. Some skin conditions are minor, and others can be damaging.
The market growth is due to increase in commonness of diseases that requires surgical treatment, especially Minimally Invasive Surgery (MIS) that would help the dermatology devices market to gain augment in the coming years.
Furthermore, hike in prevalence of skin disorders, which require dermatology devices for management of the condition is anticipated to thrive the market to generate higher revenue shares.
Global Dermatology Market: Overview
The global dermatology devices market was valued at $10200.01 Million in 2022, and is projected to reach $18327.31 Million by 2030, registering a CAGR of 7.6%.
Increase in occurrence of conditions, such as psoriasis, acne, and other skin disorders, is projected to help the market generate higher revenues during the forecast period.
Rise in healthcare expenditure, which can be utilized for treatment of skin conditions would help the market to gain evolvement during the upcoming years.
Moreover, rise in need for improvisation in aesthetics that need dermatology devices fuels the market growth.
The pandemic caused major obstruction in pharmaceutical and medical supply chains globally. This is expected to restrict the growth of the dermatology devices market.
The increase in awareness regarding the need to avoid hospital acquired infections and risk of exposure to COVID-19 during the pandemic is anticipated to obstruct the number of surgical aesthetic procedures, consequently lowering the growth of the dermatology devices market during the forecast period.
Furthermore, restriction on import and export stuttered the growth of the dermatology devices market in the commenced period.
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Key Trends: Growth Determinants and Challenges:
- Dermatoscopes Anticipated to Show High Growth during the Forecast Period:
A dermatoscope or a skin surface microscope is a non-invasive, handheld magnification tool that is directly placed on the surface of the skin of the patient to understand the key morphological structures of skin lesions, which are on and below the skin surface and are not serene to the naked eye. This is productive to dermatologists in distinguishing benign from malignant (cancerous) lesions, especially in the diagnosis of melanoma.
Dermoscopy has also been considerate to improve the diagnostic accuracy, sensitivity, and specificity for skin cancer diagnosis by dermatologists.
These devices have been continued to be valuable in the dermatology industry, along with new technologies in areas such as Artificial Intelligence (AI), which magnifies its uses to become an essential element in every medical professional’s office.
Moreover, they are gaining popularity in other fields of medicine, including primary care. Several studies have revealed the accuracy of dermatoscopes.
Segmental Analysis of Global Dermatology Market:
Based on Product Type
- Diagnostics Devices
Imagining Devices
Dermatoscopes
Microscopes
- Treatment Devices
Electrosurgery Devices
Cryotherapy Devices
Laser Therapy
The treatment devices segment is expected to gain highest revenue during the forecast period. This is attributed to the surge in demand for dermatology devices that help in the management of diseases.
Based on Application
- Skin Cancer Diagnostics
- Skin Rejuvenation
- Warts
- Psoriasis
The skin cancer diagnosis segment is anticipated to gain highest revenue during the forecast period, owing to increase in incidences of skin cancer, which needs early diagnosis.
Based on End-User
- Clinics
- Hospitals
- Others
The clinics segment is anticipated to gain the highest revenue during the forecast period, owing to increase in number of outpatients preferring clinics.
Based on Region
NORTH AMERICA (Canada, US), EUROPE (Spain, UK, Germany, Italy, France), ASIA-PACIFIC (India, China, Thailand, Japan, South Korea), LATIN AMERICA (Colombia, Brazil, Mexico, Argentina), MIDDLE EAST & AFRICA (UAE, Saudi Arabia, South Africa)
The larger market share of North America can be attributed to factors such as improvement in healthcare infrastructure, services across developing countries, and rise in health awareness among the people.
Overall, it is projected that the need for dermatology devices in developing and developed regions of North America would rise sharply in the coming years.
Competitive Landscape:
- Company Overview & Insights
- Financial PerDiagnostic Devices Treatment Devices Applicationance
- Product / Service Portfolio
- Geographical Footprint & Share
- Strategic Initiatives & Key Developments
- Alma Lasers, Ltd
- Cutera, Inc.
- Cynosure, Inc.
- Lumenis, Ltd.
- Bausch Health Companies Inc
- DermLite
- Bruker Corporation
- Carl Zeiss
- Genesis Biosystems, Inc.
- Heine Optotechnik GmbH & Co. Kg
- Michelson Diagnostics, Ltd
- Photomedex, Inc
- CANDELA CORPORATION
- Syneron Medical Ltd
- Canfield Scientific, Inc.
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc
- Amd Global Telemedicine Inc
- Applisonix Ltd
- Others
Recent Developments:
In December 2021, Obagi, a science-based skincare company and a leader in professional skincare products for over 30 years, declared the official launch of the Skintrinsiq device, its first step into the complementary skincare device market.
In January 2021, Casio Computer Co., Ltd. Publicized the upcoming release of the DZ-D100 DERMOCAMERA that permits close-up shots with the lens directly touching the skin as well as ordinary shots, all using a single camera.
Major questions answered in the report:
- What are the growing factors and key market trends of the global dermatology market?
- Which regional sector is accounted for the largest industrial share in the global dermatology market?
- Which top companies are contributing towards the growth of global dermatology market?
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Key Takeaways from the report:
- Regional analysis and different segmental insights.
- Growth factors, trends and challenges.
- The global dermatology devices market was valued at $10200.01 Million in 2022, and is projected to reach $18327.31 Million by 2030, registering a CAGR of 7.6%.
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