Global Dermatology Devices Market Segmentation, By Product Type (Diagnostic Devices, Treatment Devices), Application (Skin Cancer Diagnosis, Vascular Lesions Removal, Hair and Wrinkle Removal, Body Contouring and Fat Removal, Others), End Users (Hospital, Dermatology Clinics, Others) – Industry Trends and Forecast to 2031.
Dermatology Devices Market Analysis
The increasing occurrence of skin diseases such as non-melanoma skin cancer and melanoma, vascular and pigmented lesions, psoriasis, varicose veins, and acne coupled with growing responsiveness among the patient populace have activated the market for dermatology treatment and diagnostic devices. Vascular lesions, a common skin ailment in emerging economies, have the highest occurrence. Thus, high prevalence would completely impression the growth of dermatology diagnostic devices. On the other hand, the growing demand for aesthetic surgeries is pushing up the market for treatment devices.
Dermatology Devices Market Size
Global dermatology devices market size was valued at USD 15.4 billion in 2023 and is projected to reach USD 35.81 billion by 2031, with a CAGR of 11.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Dermatology Devices Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Bausch Health Companies Inc. (Canada), Cynosure Inc. (U.S.), Candela Medical. (U.S.), Avita Medical (U.S.), Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (China), Lutronic (South Korea), Beijing Toplaser Technology Co. Ltd. (China), Cynosure, LLC (U.S.), Solta Medical (U.S.), Cutera (U.S.), Candela Medical Ltd. (U.S.), Canfield Scientific, Inc. (U.S.), 3Gen Consulting (U.S.), Image Derm, Inc. (U.S.), Agilent Technologies Inc. (U.S)
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Market Opportunities
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Dermatology Devices Market Definition
Dermatology devices are used for the treatment of skin disorders. Dermatology deals with substantial difficulties of skin, arrangement, determinations and illnesses or apprehensions related to cosmetic issues. Dermatology devices include lasers, RF devices, microdermabrasion devices, and other related accessories. These devices are installed in hospitals and dermatology clinics to assist doctors and non-physician clinicians to delight skin diseases and are also used to diagnose skin cancer.
Dermatology Devices Market Dynamics
Drivers
- Rising demand for non-invasive dermatological actions
The growing global dermatology devices market is mainly driven by the growing incidence of skin problems, including acne important to scars, growing demand for at-home devices, and substantial increase in non-invasive liposuction actions and a growing large population. The global market for dermatology devices is expected to witness a significant growth rate due to a growing alertness of aesthetic medicine and cosmetic surgery, growing fashion consciousness, and the rising demand for non-invasive cosmetic correction procedures.
- Growing healthcare expenditure
Growing geriatric populace rising disposable income is creating high probable growing chances for players functioning in the global dermatology devices market.
- Specialty Dermatology Clinics end user segment
The speciality dermatology clinics segment is projected to account for a 36.2% revenue portion of the worldwide dermatology devices market by 2016. Amount of patients favoring private clinics over hospitals has been growing over the years, as supplementary costs such as organization costs are not related with private clinics.
- High demand for skin rejuvenation
For reducing inadequacies on the skin and decreases the effect of aging, sunburn, and other skin disorders used laser and light procedures for skin rejuvenation include photodynamic surgery and non-ablative skin rejuvenation. A increase in alertness concerning the advantage of cosmetic actions to recover the aesthetic demand of consumers is expected to boost the growth of the dermatology devices market.
Opportunities
The increasing occurrence of skin cancer and other skin diseases is contributing largely to the high product demand. Also, the increasing awareness among people about the aesthetic appeal and technological progressions in dermatology devices is also increasing the adoption of these devices. A rise in disposable income is also measured as one of the important factors driving the growth of market. The occurrence of melanoma and non-melanoma skin cancers is rising meaningfully.
Restraints/Challenges
Short-term negative growth was observed in the market due to almost whole deferral of non-COVID-19 related surgeries, deficient actions of manufacturing, and disturbance in the supply chain. However, the market has seen a V-shape recovery. With the fruitful rollout of injections in all regions, the volume of dermatological devices is beginning to improve to its pre-pandemic levels. The low market share for dermatology devices market can be recognised to lower alertness levels about numerous new instruments.
This dermatology devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dermatology devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Dermatology Devices Market
The outbreak of COVID-19 impacted the dermatology devices market. The closure of non-essential businesses formed a disturbance in the dermatology industry, and customers are now observing for online cosmetic home actions. The dermatology brands can exploit this opportunity to modernize their online offerings, offer e-consultation services, and invest in progressive technology as more consumers seek enhancing advice from the comfort of their homes. Moreover, the pressure to look good on zoom video calls through lockdown has encouraged a spike in cosmetic procedures across the Globe. The most in-demand surgical procedures included rhinoplasty, breast augmentation, smile alteration actions, and eyelid surgeries. The increased experience to videoconferencing software, the continuous experience to one’s own appearance has also been a driver for the post-lockdown rise in procedures.
Global Dermatology Devices Market Scope
The dermatology devices market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Diagnostic Devices
- Dermatoscopes
- Microscopes
- Imaging Devices
- Treatment Devices
- Laser
- Electrosurgical Equipment
- Liposuction Devices
- Light Therapy Devices
- Others
Application
- Skin Cancer Diagnosis
- Vascular Lesions Removal
- Hair and Wrinkle Removal
- Body Contouring and Fat Removal
- Others
End Users
- Hospital
- Dermatology Clinics
- Others
Dermatology Devices Market Regional Analysis
The dermatology devices market is analyzed and market size insights and trends are provided by country, type, price range, application and end user as referenced above.
The countries covered in the dermatology devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America led the market owing to a high number of skin disorders and skin cancer among people. The growth in preference for cosmetic surgeries will also help the dermatology devices market to grow in North America. Besides, growing awareness towards the aesthetics among the young population. Growing obesity cases in the U.S. also drive the market.
Asia-Pacific region is assumed to grow at a significant rate in the market in the near period due to rising patient consciousness, unexploited opportunity, increasing penetration, and speedily attractive healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Dermatology Devices Market Share
The dermatology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dermatology devices market.
Dermatology Devices Market Leaders Operating in the Market Are:
- Bausch Health Companies Inc. (Canada)
- Cynosure Inc. (U.S.)
- Candela Medical. (U.S.)
- Avita Medical (U.S.)
- Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (China)
- Lutronic (South Korea)
- Beijing Toplaser Technology Co. Ltd. (China)
- Cynosure, LLC (U.S.)
- Solta Medical (U.S.)
- Cutera (U.S.)
- Candela Medical Ltd. (U.S.)
- Canfield Scientific, Inc. (U.S.)
- 3Gen Consulting (U.S.)
- Image Derm, Inc. (U.S.)
- Agilent Technologies Inc. (U.S.)
Latest Development in Dermatology Devices Market
- In August 2021, STRATA Skin Sciences, Inc. accomplished the acquisition of the U.S. dermatology business of Ra Medical. This acquisition provides STRATA an opportunity to immediately market its full business solution to Ra Medical’s customer base of 400 dermatology practices.
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