Dermatology Devices - Market Insights, Competitive Landscape, and Market Forecast - 2030

Dermatology Devices - Market Insights, Competitive Landscape, and Market Forecast - 2030

Dermatology Devices Market By Device Type (Diagnostic [Dermatoscope, Microscopes, And Others] And Treatment [Lasers, Cryotherapy Devices, Microdermabrasion Devices, And Others]), By Application (Skin Cancer, Skin Problems, Hair Removal, And Others), By End-User (Hospitals, Clinics, And Others) by geography is estimated to register growth at a remarkable CAGR during the forecast period from 2024-2030 owing to surge in the prevalence of skin cancer and increasing awareness on skin care.

The global dermatology devices market was valued at USD 6.27 billion in 2023, growing at a CAGR of 12.47% during the forecast period from 2024 to 2030 to reach USD 12.69 billion by 2030. The Dermatology Devices market is slated to witness prosperity owing to factors such as the growing prevalence of chronic skin problems such as acne, atopic dermatitis, and psoriasis among others, further increasing awareness of skin care and the growing focus on improving the safety and usability of dermatology devices for end-users are further expected to result in the appreciable revenue growth in the dermatology devices market during the forecast period (2024-2030).

Dermatology Devices Market Dynamics:

The growth of the dermatology devices market is upsurging owing to various factors including rising incidences of skin problems such as skin cancer, increasing cases of hair loss, skin infections, and tattoo removal among others.

One of the noteworthy drivers of the Dermatology Devices market is the rising prevalence of skin cancer which is one of the most common and dangerous cancer types. For instance, as per the data provided by the American Cancer Society (2023), around 99,780 new cases of melanoma are estimated to be diagnosed in the year 2023 and out of which about 42,600 will be women and 57,180 will be men. This surge in cases indicates the enormous need for skin cancer diagnosis and treatment which will eventually lead to the growth of the dermatology devices market as these devices are being used in the management of skin cancer.

Another major factor responsible for the growth of the dermatology devices market is the rising cases of hair loss owing to autoimmune diseases like Alopecia areata, cancer treatment, hormonal imbalance, and hereditary among others requiring hair transplantation. For instance, according to the data published by the American Academy of Dermatology Association 2020, around 24,348 hair transplant procedures were performed in the year 2019.

The rising awareness among people regarding their skin health owing to face-to-face resumption post-COVID, social media, and beauty advertisements among others is another driver for the growth of the Dermatology Devices market.

However, the limited presence of skilled dermatologists and complications associated with dermatology devices may act as restraining factors to the Dermatology Devices market growth.

During the period of the COVID-19 pandemic, the Dermatology devices market growth has witnessed some decline due to the shifted primary focus on first treating patients suffering from Coronavirus. The hospitals closed down the dermatology department during the pandemic owing to lockdown and also to avoid any chance of spread of infection. However, as everything has been normalized post-COVID-19, and with the increase in public awareness of skin care and regular check-ups and treatment for skin diseases, there is a growth in the Dermatology devices market. Thus, the market seems to grow effectively during the forecast period from 2024 to 2030.

Dermatology Devices Market Segment Analysis:

Dermatology Devices Market By Device Type (Diagnostic [Dermatoscope, Microscopes, and Others] And Treatment [Lasers, Cryotherapy Devices, Microdermabrasion Devices, and Others]), Application (Skin Cancer, Skin Problems, Hair Removal, and Others) End-User (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the device type segment of the Dermatology Devices Market, the treatment devices are projected to register significant growth in revenue in the Dermatology Devices Market during the forecast period (2024-2030).

Due to the growing prevalence of skin problems such as acne, sunburn, anti-aging, and others microdermabrasion devices are gaining popularity for being minimally invasive and effective to get healthy and glowing skin. For example, according to the data published by the American Society of Plastic Surgeons in 2020, around 522,693 microdermabrasion procedures were performed in the year 2020, thus driving the market growth.

Further, cryotherapy which involves the application of extreme cold to freeze and remove abnormal tissue is employed in the treatment of various skin problems such as cancer, warts, and others. Worldwide there is a growing need for minimally invasive treatment options being provided by cryotherapy devices and thus positively impacting the treatment-based dermatology devices market growth.

Additionally, liposuction procedures are also often performed for fat removal for both cosmetic and reconstructive purposes and thus will accelerate the growth of treatment based dermatology devices market positively. For instance, according to the data published by the American Society of Plastic Surgeons in 2020, around 265,209 liposuction procedures were performed in the year 2019.

Therefore, considering the growing demand for the treatment-based device type, numerous new products are also being launched in the market. For instance, in March 2022, CUTERA, INC. company experts in dermatology solutions, received the U.S. Food and Drug Administration (FDA) approval for its first and only energy-based device AviClear which is a laser-based treatment for acne problems.

Therefore, considering the growing prevalence of dermatological problems requiring expert solutions for end-users, the treatment-based device category is expected to generate considerable revenue thereby pushing the overall growth of the global Dermatology Devices market during the forecast period.

North America is expected to dominate the overall Dermatology Devices Market:

The dermatology devices market is going to see prosperity in the North America region specifically owing to key factors including underlying diseases such as skin cancer, growing prevalence of skin problems, and growing need for hair removal, high-tech medical facilities, government support, and awareness regarding the skin care among others.

Skin cancer cases are largely prevalent in the United States owing to factors including sunburn and others. For instance, as per the data published by the American Academy of Dermatology Association 2022, about 9,500 people are diagnosed with skin cancer daily in the U.S. and around 3 million non-melanoma skin cancer (NMSC) are estimated to be reported annually. Melanoma which is the deadliest form of skin cancer is growing severely in America. For instance, according to the data published by the American Academy of Dermatology Association 2022, it is estimated that in the year 2023 around 197,700 melanoma cases will be reported which includes 99,780 invasive and 97,920 noninvasive (in situ). This indicates growth in the North America dermatology devices market owing to the huge need for diagnosis and treatment devices.

Moreover, the increasing prevalence of other skin-related problems such as sun-burn, acne, scars, eczema, atopic dermatitis, and psoriasis among others is another noteworthy driver driving the dermatology devices market growth in United States. Sun-burn cases are on rise and are closely associated with the development of skin cancer and causing damage to the skin. For instance, According to National Cancer Institute 2022, around 40.6% individuals aged between 18-24 years old were sunburned in year 2020 in U.S.

Additionally, dermatology devices for hair removal are another major driver involved in the growth of the dermatology devices market in the U.S. The hair removal procedures are regularly performed owing to need in some occupations like modeling, acting, air hostess, and others to get a hygienic and charming look. For instance, according to the American Academy of Dermatology Association 2020, around 1,055,456 laser hair removal procedures were performed in the year 2019.

Therefore, with the presence of a large number of people associated with skin cancer and various skin problems including eczema, acne, and others along with government support in providing high-tech medical facilities the market is expected to boom in the North American region during the forecast year from 2024-2030.

Dermatology Devices Market Key Players:

Some of the key market players operating in the Dermatology Devices Market include Candela Medical, Alma Lasers, STRATA Skin Sciences, WON TECH Co., Ltd, Lumenis Be Ltd., Aesthetic Group, LUSTRE® ClearSkin, Michelson Diagnostics Ltd. (MDL), HEINE Optotechnik GmbH & Co. KG, DermLite, PhotoMedex, Genesis Biosystems, Inc, Cynosure, Canfield Scientific, Inc, Bausch Health Companies Inc., Cutera, and others.

Recent Developmental Activities in the Dermatology Devices Market:

In January 2022, STRATA Skin Sciences, Inc a medical technology company, announced the acquisition of Theravant Corporation’s TheraClear System which is FDA approved in-office acne clearing system.

In December 2022, Casio Computer Co., Ltd. received U.S. Food and Drug Administration (FDA) approval for its DZ-D100 DERMOCAMERA™ and the DZ-S50 to be used by dermatologists to get high-quality photos of patients’ skin for closer observation.

In August 2020, LASEROPTEK Co., Ltd. pioneers in laser development received the received U.S. Food and Drug Administration (FDA) approval for its PALLAS laser involved in treating vitiligo, atopic dermatitis, leukoderma, and others.

Key Takeaways from the Dermatology Devices Market Report Study

Market size analysis for current Dermatology Devices Market size (2023), and market forecast for 6 years (2024-2030)

The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Dermatology Devices Market.

Top key product/services/technology developments, mergers, acquisitions, partnerships, joint ventures happened for last 3 years

Key companies dominating the global Dermatology Devices Market.

Various opportunities available for the other competitor in the Dermatology Devices Market space.

What are the top performing segments in 2023? How these segments will perform in 2030.

Which is the top-performing regions and countries in the current Dermatology Devices Market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for Dermatology Devices Market growth in the coming future?

Target Audience who can be benefited from this Dermatology Devices Market Report Study

Dermatology Devices products providers

Research organizations and consulting companies

Dermatology Devices-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in dermatology devices.

Various end users who want to know more about the Dermatology Devices market and latest technological developments in the Dermatology Devices market.

Frequently Asked Questions for Dermatology Devices Market:

1. What are Dermatology Devices?

Dermatology Devices are the medical devices that are used by dermatologists for the diagnosis, treatment, correction, and management of various dermatological problems.

2. What is the market for global Dermatology Devices?

The global Dermatology Devices market was valued at USD 6.27 billion in 2023, growing at a CAGR of 12.47% during the forecast period from 2024 to 2030 to reach USD 12.69 billion by 2030.

3. What are the drivers for the global Dermatology Devices Market?

The Dermatology Devices market is slated to witness prosperity owing to factors such as the growing prevalence of skin conditions such as acne, eczema, and sun-burn among others, increasing incidences of skin cancer as well as the growing problem of hair loss, and the growing focus on improving the safety and usability of Dermatology Devices for end-users are further expected to result in the appreciable revenue growth in the Dermatology Devices market during the forecast period (2024-2030).

4. Who are the key players operating in the global Dermatology Devices Market?

Some of the key market players operating in the Dermatology Devices market include Candela Medical, Alma Lasers, STRATA Skin Sciences, WON TECH Co., Ltd , Lumenis Be Ltd., Aesthetic Group, LUSTRE® ClearSkin, Michelson Diagnostics Ltd. (MDL), HEINE Optotechnik GmbH & Co. KG, DermLite, PhotoMedex, Genesis Biosystems, Inc, Cynosure, Canfield Scientific, Inc, Bausch Health Companies Inc., Cutera, and others.

5. Which region has the highest share in the Dermatology devices market?

North America is expected to dominate the overall Dermatology Devices market during the forecast period, 2024 to 2030. This can be ascribed to the presence of a large patient pool associated with skin cancer which can further be attributed to the increased cases of sunburn. The prevalence of skin conditions like acne and consumer awareness regarding new market launches and a highly potent market in terms of product development and launches, government support, and the local presence of key market players are among other factors contributing to the growth of the dermatology devices market in the region.