Dermatology Devices Market is Anticipated to Surge at an Impressive CAGR of Around 12.5% by 2032

The dermatology devices market as a whole generated $12 billion in revenue in 2020, and it is expected to grow to US$ 39 billion by 2031.

The market research and competitive intelligence company Fact.MR has recently revised a study that analyses this data. According to the survey, over the next 10 years, the market for dermatology devices is expected to grow at an excellent CAGR of over 12.5%.

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Demand for dermatology devices for skin rejuvenation is also expected to rise significantly during the forecast period as people become more concerned about modern beauty standards.

Regionally, North America is expected to remain the undisputed leader in the dermatology devices market, accounting for around 40% of share. Rising incidence of skin disorders, increasing number of new product launches and approvals, and high consumer spending on cosmetic procedures are driving growth in North America dermatology devices market.

Key Highlights:

• Based on product type, demand for radiofrequency electrosurgery dermatology devices is likely to grow at the highest pace during the forecast period.
• By end user, dermatology clinics segment is expected to grow at the fastest CAGR during the next ten
• North America held approximately 40% share of the global dermatology devices market in
• The APAC dermatology devices market is predicted to grow at the highest CAGR during the forecast period.
• The S. dermatology devices market is expected to grow at a tremendous CAGR over next 10 years.

Growth Drivers:

• Increasing usage of non-invasive and minimally invasive aesthetic procedures will boost the market
• Growing awareness of aesthetic operations and technological developments in dermatology equipment are expected to boost the market during the forecast period.
• Rising prevalence of skin disorders will aid the sales of dermatology devices over the next ten

Competitive Analysis

Key players in dermatology devices market are concentrating on strategic actions such as mergers and acquisitions, partnerships, new product development, and price reduction to gain a competitive edge in the global market.

For instance,

• In 2022, Cynosure, Inc., a leader in medical aesthetics systems and technologies, announced a new investment of US$ 60 million from lead investor Clayton, Dubilier & Rice to support the company's plans to continue investing ahead of strong growth to bring innovation to the market and provide comprehensive treatment solutions to its
• In 2022, Candela partnered with The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, and Laserplast to provide free laser treatments to more than 30 pre-qualified patients from 13 countries in
• In October 2020, Alma introduced Alma Hybrid, which combines only 3 potent energy sources to produce efficient The new product is designed to enable endless options of ablative, non-ablative and thermal treatments for skin rejuvenation and scar revision.
• In August 2020, Laseroptek Co. Ltd., a developer and manufacturer of laser devices for aesthetic and medical dermatology, launched its Pallas solid-state 311-nm UVB laser in the S. for the treatment of vitiligo, psoriasis, atopic dermatitis, and leukoderma.

Key Pioneers

• Braun Melsungen AG
• Erbe Elektromedizin GmbH
• Heal Force Bio-meditech Holdings Limited
• Johnson & Johnson Private Limited
• Bovie Medical Corporation
• Medtronic Plc
• Smith and Nephew
• AngioDynamics

More Valuable Insights on Dermatology Devices Market

In the latest study, Fact.MR offers a detailed study on the global dermatology devices market for the forecast period of 2021 to 2031. This study also highlights key drivers promoting the sales of dermatology devices through detailed segmentation as follows:

By Product Type:

• Radiofrequency Electrosurgery

• Electrocautery

• Ultrasonic Electrosurgery

• Laser-based

By End User:

• Hospitals

• Ambulatory Surgical Centers

• Dermatology Clinics

By Application:

• Skin Rejuvenation

• Facial Treatments

• Tattoo Removal

• Body Contouring

• Hair Removal

• Stretch Marks Reduction

• Other Applications

By Region:

• North America
• Latin America

• Europe
• APEJ
• MEA

Key Questions Covered in the Dermatology Devices Market Report

• What is the projected value of the dermatology devices market in 2021?
• At what rate will the global dermatology devices market grow until 2031?
• Which are the factors hampering the growth in the dermatology devices market?
• Which region is expected to lead in the global dermatology devices market during 2021-2031?
• Which are the factors driving the dermatology devices market during the forecast period?
• What is the expected market value of the dermatology devices market during the forecast period?

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