Global Dermatology Devices Market

Dermatology Devices Market Overveiw

The global dermatology devices market size at USD 8,910 million in 2021 and is estimated to reach USD 16,198 million by 2028, with a CAGR of 7.6% from 2022 to 2028. Dermatology devices support in diagnosing and treating of skin disorders. Can use the devices for skin biopsy, cryosurgery, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, and electrodesiccation & curettage. Various skin disorders include psoriasis, eczema, acne, ichthyosis, vitiligo, hives, seborrheic dermatitis, and other skin disorders. Skin conditions vary in symptoms and harshness. These can be temporary or permanent in expansion and may be painless or painful. Some skin disorders have situational causes, while others may be genetic. Some skin conditions are negligible, and others can be life-threatening.

What are Dermatology Devices?

Skin is the largest part of the human body. Dermatology is the diagnosis and treatment of any disease connected to skin, nails, and hair. Dermatological devices such as dermatoscopes, microscopes, and imaging technique devices are operated to analyze skin diseases; diagnosis of different types of diseases is made by using dermatology diagnosis devices such as melanoma, pigmentation, psoriasis, and acne. Dermatologic devices are typically tiny, easy to maneuver and allow for sensitive tissue handling. Curettes, scalpels, scissors, skin hooks, hemostats, needle holders, and forceps are the most regularly used devices. These devices come in a combination of quality and price ranges, and it is in the surgeon’s best interest to choose the most cost-effective tools to allow him to achieve the expected results. Higher-quality devices are more durable, easier to use, and last longer.

Growth Devices

Increasing demand for non-invasive dermatological methods and increasing aesthetic attention encourage the adoption of dermatology devices globally.

The expansion of the global dermatology devices market is mainly caused by the increasing majority of skin problems, including acne leading to scars, increasing demand for at-home devices, and a considerable increase in non-invasive liposuction techniques along with a growing obese population. The global market for dermatology devices is anticipated to witness significant growth in value due to growing awareness of aesthetic medicine and cosmetic surgery, increasing fashion consciousness, and the growing demand for non-invasive cosmetic correction strategies.

Opportunities

Increasing Funding Creates Opportunities

An expansion in the public-private funding for target research activities, increasing levels of air pollution, a growing number of aesthetic procedures, growing awareness regarding melanoma among patients and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market key players in the forecast period of 2022 to 2028. Also, the surging number of strategic partnerships, rising internet penetration rate, increasing number of hospitals and laboratories, availability of devices for performing imaging techniques in developing regions and rising per capita expenditure on health care will also expand the market’s growth rate in the future.

Restraints

Stringent Regulations and Government Policies

The existence of strict regulations for validating dermatology devices presents challenges for prominent players in this market. Strict regulatory frameworks and the time-consuming nature of clearance processes may deter research investments in this market and hinder new product launches. Such situations determine the growth of the dermatology devices market. Changing government guidelines, enacting healthcare reforms, and unfavorable economic conditions in developed countries are all responsible for delays in dermatology diagnostic test reimbursements. In current years, the global economic downturn has led to major cuts in Medicaid, and the State Children’s Health Insurance Program funding in the U.S. As long as reimbursement cases are unresolved, the dermatology devices market will not earn pace.

Pre Covid-19 Impact on Global Dermatology Devices Market

Before the covid-19 period, the opening of advanced dermatology devices for removing age spots or dark marks is anticipated to push the product demand over the forecast period. Techniques, such as microdermabrasion, are operated to renew the overall skin tone and decrease scarring, wrinkles, and other skin-related conditions. The increasing awareness of these procedures is anticipated to push the demand for dermatology procedures, leading to a subsequent advancement in demand for dermatology devices.

Covid-19 Impact on Global Dermatology Devices Market

The outbreak of Covid-19 affected the dermatology devices market. The closure of non-essential businesses disrupted the dermatology industry, and consumers are now examining online cosmetic home treatments. The dermatology brands can manipulate this opportunity to remodel their online offerings, offer e-consultation services, and finance in progressive technology as more consumers seek cosmetic advice from the comfort of their homes.

Post Covid-19 Impact on Global Dermatology Devices Market

After the Covid-19 Period, The dermatology devices market is anticipated to notice rapid growth, owing to the increasing majority of skin cancer and other skin diseases, contributing significantly to the high demand for dermatology devices. Furthermore, increasing awareness of cosmetic techniques to improve the aesthetic appeal and technological improvements in dermatology devices propel the adoption of these devices. The increase in disposable income pushes the market for dermatology devices after the pandemic.

By Product Type Segmental Analysis

Based on product type, the global dermatology devices market is segmented into Diagnostics Devices and Treatment Devices. The treatment devices held the largest market share in 2021 and are also expected to register the fastest CAGR over the forecast period. It is especially due to the availability of wide applications of dermatology treatment. In expansion, the launch of novel technologies in the laser device category is attributed to the segment development. The low market share for diagnostic devices can be attributed to lower awareness of novel instruments. However, the rising majority of skin cancer is anticipated to drive segment growth.

By End-Use Segmental Analysis

Based on End-use, the global dermatology devices market is segmented into Clinics, Hospitals and Others. The hospital held the largest market share in 2021, owing to the wide adoption of advanced dermatology equipment. The availability of different treatment options in such establishments increases the number of visits for skin disease diagnosis and treatments, which, in turn, sustains the segment growth. The clinic’s end-user segment is estimated to register the fastest CAGR during the forecast period. Dermatology clinics are cosmetic and medical facilities that diagnose and treat skin conditions. In dermatology clinics, certified plastic surgeons offer both surgical and nonsurgical services.

By Application Segmental Analysis

Based on application, the global dermatology devices market is segmented into Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation and Warts. A skin cancer diagnosis is one of the essential applications of dermatology diagnostic devices. Over the years, most cancer has grown rapidly across the globe. Based on National Cancer Institute, skin cancer clarifies many new cancer cases in the U.S. It is calculated that there will be 76,100 new melanoma cases of melanoma of the skin in 2014. It is the largest and fastest-growing application segment in the dermatology diagnostic devices market. The large share of this segment can be attributed to the rising incidence of skin disorders and increasing awareness regarding aesthetic procedures.

By Regional Segmental Analysis

Based on region, the global dermatology devices market is segmented into North America, Europe, Asia-Pacific, South America, The Middle East and Africa. The North American region has the maximum share in the global dermatology devices market, followed by Europe, Asia, and the Middle East & Africa. However, Asia is anticipated to witness the highest CAGR during the forecast period, with the growth in this demand centered in Japan, China, and India. Growth in the Asian region is mainly driven by the rising incidence of skin diseases, increasing healthcare expenditure, and growing awareness regarding aesthetic techniques.

Competitors Analysis

The companies include Alma Lasers GmbH, Cynosure, Inc., Solta Medical, Inc., Cutera, Inc., Syneron Medical Ltd., Canfield Scientific, Inc., 3Gen, Aesthetic Group, Ambicare health, Image Derm, Inc. and other prominent players in the global dermatology devices market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global Dermatology devices and Manufacturing Firms
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In September 2016, Alma Lasers established Alma LipoLife 3G, a liposuction solution presenting maximum safety and proven clinical results. The platform delivers a complete, all-in-one solution covering all stages of liposuction, skin tightening, and fat grafting.
• In August 2016, Michelson Diagnostics obtained U.S. FDA approval for its VivoSight Dx and Dynamic OCT products. VivoSight Dx is an Optical Coherence Tomography system utilized for the real-time imaging of external tissues of the human body.
• In November 2015, Lumenis concluded the purchase of Pollogen Ltd. (Israel). This purchase strengthened Lumenis’ portfolio of dermatology devices.
• In September 2014, Cynosure completed the purchase of Ellman International, Inc. (U.S.) Completed the transaction for a sum of USD 13.2 million in cash.
• In December 2014, Cynosure coordinated with El.En. S.p.A. (Italy). This agreement allows Cynosure to market and distributes MonaLisa Touch in the North American market. The MonaLisa Touch co. is a carbon dioxide laser that treats vaginal atrophy.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD 8,910 million
The revenue forecast in 2028	USD 16,198 million
Growth Rate	CAGR of 7.6 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Alma Lasers GmbH, Cynosure, Inc., Solta Medical, Inc., Cutera, Inc., Syneron Medical Ltd., Canfield Scientific, Inc., 3Gen, Aesthetic Group, Ambicare Health, and Image Derm, Inc are the key players.

Market Modelling

By Product Type

• Diagnostics Devices
• Treatment Devices

By End-Use

• Clinics
• Hospitals
• Others

By Application

• Skin Cancer Diagnosis
• Psoriasis
• Skin Rejuvenation
• Warts

By Region

• North America
• Europe
• Asia Pacific
• South America
• The Middle East & Africa

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