global dermatology devices market share was valued at USD 5.71 billion in 2021 and is expected to cross USD 15.67 Billion by 2030, growing at a CAGR of 12.3% during the forecast period.
Polaris Market Research recently published [115+ Pages] research report on “Dermatology Devices Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 – 2030” in its research database.
According to the research study, the global dermatology devices market share was valued at USD 5.71 billion in 2021 and is expected to cross USD 15.67 Billion by 2030, growing at a CAGR of 12.3% during the forecast period.
Report Overview:
Dermatology devices assist in diagnosing and the treatment of skin disorders. These devices can be used for cryosurgery, biopsy, topical chemotherapy, photodynamic therapy, MOS micrographic surgery, electrodesiccation, and curettage. The rising demand for dermatology devices market can be attributed to the growing prevalence of disease that needs surgical treatment, particularly minimally invasive surgery that would assist the market in gaining traction.
The growing prevalence of skin cancer and alternative skin diseases contributes extensively to the high product demand. Additionally, the increasing consciousness amongst people about aesthetic appeal and technological progressions in dermatology devices are also escalating the acquisition of these devices notably. A rise in disposable income is also contemplated as one of the important factors driving the market growth.
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Some of the Top Market Players Are:
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Growth Driving Factors
The growth of the market was predominantly due to escalating desire amongst people for a youthful look, growing cases of several skin disorders, increasing preference for non-invasive or minimally invasive surgeries, and technological progressions. The dermatology devices market size is expanding due to people becoming more conscious about their look for skin diseases caused due to exposure. Several skin diseases, such as skin cancer, psoriasis, scars, acne, pigment, varicose veins, and vascular lesions, are cured using dermatological devices.
Dermatology devices market sales are soaring due to the increase in the prevalence of diseases that need surgical treatment, particularly minimally invasive surgeries that would assist the market in gaining traction in the coming period. Additionally, the upswing in skin disorders that need dermatology devices to manage the condition is expected to push the market to generate higher revenue shares.
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Recent Developments
In March 2022, the vascular birthmarks foundation conspired with candela, Dr. Giacomo Colletti, and laserplast to offer free laser treatments in Milan to 30 prequalified patients from 13 different countries.
Segmental Analysis
Based on product, the diagnostic devices segment accounted for the highest revenue share due to the growing happening of skin disorders and acquiring of contemporary technologies. Further, dermatology devices market demand is rising due to imaging devices which are anticipated to hold the largest share over the forecast period because of the rising cases of melanocytic lesions.
Based on application, the diagnostic devices segment is anticipated to witness the fastest growth. The dermatology device market trends include increasing incidences of skin cancer across advancing and developed economies. Further submission to hazardous UV and harmful radiation fuels the market growth. Moreover, several mobile applications are being initiated to detect skin cancer at early stages by imaging techniques which are anticipated to propel the demand for the segment over the upcoming years.
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Dermatology Devices Market: Report Scope & Analysis
| Report Attribute | Details |
| Market Outlook for 2030 | USD 15.67 Billion |
| Market Size 2022 Value | USD 6.18 Billion |
| Expected CAGR Growth | 12.3% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Aerolase, Alma Lasers, Ltd, Beijing Toplaser Technology Co., Ltd, Bovie, Bruker Corporation, Candela Corporation, Canfield Scientific, Carl Zeiss, Cutera, Inc., Cynosure Inc., Dermlite, Fotofinder Systems Gmbh, Genesis Biosystems, Inc., Heine Optotechnik GmbH &Co. KG, Leica Microsystems, Lumenis, Ltd., Michelson Diagnostics Ltd., Olympus Corporation, Photomedex, Inc., Solta Medical, Syneron Medical Ltd. |
| Segments Covered | By Product, By Application, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
North America held the largest dermatology devices market share due to the growing rates of skin disorders, a consciousness of cosmetic operations, obtainability of new technologies, and growing healthcare costs. Further, several key players are investing in R&D to develop therapies for skin cancer across the countries which is expected to drive demand over the forecast period.
The Asia Pacific is anticipated to be the second largest region for dermatology devices owing to the increasing existence of skin cancer in developing economies with a massive patient population in China and India. Additionally, the growing beauty consciousness and obtainability of modest treatments and their options have likely to have an affirmative impact on revenue growth.
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Frequently Asked Questions
Polaris Market Research has segmented the dermatology devices market report based on product, application, and region:
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Dec 05, 2022
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