Dermatology Devices Market Size to Surpass USD 82.1 Bn by 2030

Ottawa, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Precedence Research, Recently Announced Report on “Dermatology Devices Market (By Products: Diagnostic Devices, Treatment Devices; By Application: Skin Cancer, Vascular Lesions, Acne, Psoriasis, Wrinkle Removal, Skin Rejuvenation, Body Contouring and Fat Removal, Cellulite Reduction, Tattoo Removal, Hair Removal, Others; By End User: Hospitals, Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030”.

Dermatology equipment is used to identify and treat skin disorders. The tools are used in electrodesiccation and curettage, cryosurgery, photodynamic therapy, Mohs micrographic surgery, topical chemotherapy, and skin biopsy procedures for treating the skin. As the ozone layer thins, skin cancer is becoming more prevalent. While one of the market's primary application sectors is skin cancer diagnostics. Due to the global obsession with appearance, cosmetic surgery is growing in popularity. The majority of surgical procedures frequently result in scars and other signs.

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Market Growth

The demand for equipment-based procedures including laser and radiofrequency (RF) therapies is anticipated to increase as a result of patient demands for speedier treatments and quicker results. Permanent problems are resolved as a result of laser treatments, and the likelihood of new problems, such as more facial hair development and pigmentation disorders, is decreased.
Additionally, compared to other treatment choices, laser therapy is less unpleasant, which makes it simpler for patients to adjust. As a result, the benefits provided, such as pain relief and a decreased reliance on medications, are anticipated to offer the profit potential for the expansion of the dermatological devices market.

Key Insights

• By type, the diagnostic devices segment has captured 22% market share in 2021
• The treatment devices type segment has accounted 78% revenue share in 2021.
• By end use, the hospitals segment has captured 55% market share in 2021.
• By application, the hair removal treatment segment has contributed 16% revenue share in 2021.
• In 2021, North America region has held 44% market share in 2021.
  
  

Regional Analysis

Up until 2021, the North American region accounted for the largest share of revenues. The region of North America held about 44% of the revenue share. The prevalence of skin cancer and other skin diseases is rising. Due to the rising demand for these procedures, it is anticipated that the regional markets will expand.

Dermatology Devices Market Share, By Region, 2021 (%)

The Asia Pacific market is anticipated to grow at the fastest rate during the projection period. As medical tourism in the Asia Pacific region increases, the market will expand quickly. The various treatment options available will be crucial in fostering regional market expansion. The demand for dermatological equipment has been rising across Europe, but especially in Russia and other North European countries.

Report Highlight of Dermatology Device Market

• Product Insight: The market sector for therapeutic devices held the biggest proportion in recent years. The primary driving force behind the market's expansion is the accessibility of numerous applications for dermatological treatments. Due to the introduction of cutting-edge technology in the category of laser devices, the segment is anticipated to expand. Due to the widespread adoption and use of these laser products, the laser product has the greatest market share up until 2021 and is anticipated to have the quickest CAGR throughout the projected period.
  
  
• End-user Insight: According to end-user, the hospital segment accounted for 55% of the market in 2021 and is expected to increase throughout the forecast period as a result of hospitals adopting cutting-edge dermatology equipment. Numerous treatment options offered by these facilities contribute to an increase in visits for skin condition diagnosis and the expansion of their market. The end-user market for the clinic is anticipated to expand strongly through the year 2030.
  
  
• Application Insight: The hair removal treatment market is anticipated to expand strongly throughout the forecast period, based on application. The segment for hair removal treatments includes topics like body sculpting, fat removal, wrinkle reduction, tattoo removal, and skin rejuvenation. All skin tones and hair colors have been shown to be safe for use with laser hair removal equipment. The market is growing because of how much less painful the process is when these laser devices are used.
  
  

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Competitive Landscape

• Alma Lasers GmbH
• Cynosure, Inc.
• Syneron Medical Ltd.
• Canfield Scientific, Inc.
• 3Gen
• Solta Medical, Inc.
• Cutera, Inc.
• Aesthetic Group
• Ambicare Health
• Image Derm, Inc

Scope of the Report

Market Dynamics

Market Drivers

A large number of people are embracing the usage of technologies to improve visual appeal. The development of the business was further aided by technological developments in dermatology equipment. Additionally, a significant aspect promoting market expansion is rising disposable income. The market for dermatology devices is predicted to grow as more people are being diagnosed with melanoma and non-melanoma skin cancer worldwide. Different skin illnesses are caused by a combination of environmental causes, aging, and genetic concerns. During the projection period, product demand is also anticipated to be driven by the usage of cutting-edge technologies for dark spot removal.

Market Restraints

Since manufacturing operations were restricted as a result of the lockdown and supply chain disruption caused by the epidemic, the market's expansion was hindered. Other surgeries outside of COVID-19 were completely suspended, and the market experienced negative growth.

Market Opportunities

Over the past ten years, there has been a noticeable rise in the desire for minimally invasive and non-invasive aesthetic operations over conventional surgical procedures. Minimally invasive/non-surgical procedures provide various advantages over traditional surgical methods, including less pain, less scarring, and faster healing. These methods are also less expensive than customary surgical procedures. The growing demand for aesthetic operations is influencing cosmetic dermatology, aesthetic lasers, and therapeutic devices.

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Recent Development

• In January 2022, medical technology firm STRATA Skin Sciences, Inc. purchased Theravant Corporation's TheraClear Device, an FDA-approved in-office acne clearance system.
• Ra Medical's American dermatology division was acquired by STRATA Skin Sciences, Inc. in August 2021. With the 400 dermatology offices that make up Ra Medical's current customer base, this acquisition gave STRATA the chance to offer its whole business solution right now.
• The PALLAS laser, which is used to treat vitiligo, atopic dermatitis, leukoderma, and other disorders, received FDA approval in August 2020 from LASEROPTEK Co., Ltd., pioneers in the creation of lasers.
  
  

Market Segmentation

By Products

• Diagnostic Devices
  • Dermatoscopes
  • Microscopes
  • Other Imaging Devices
  • Biopsy Devices
• Treatment Devices
  • Light Therapy Devices
  • Lasers
  • Electrosurgical Equipment
  • Liposuction Devices
  • Microdermabrasion Devices
  • Cryotherapy Devices

By Application

• Skin Cancer
• Vascular Lesions
• Acne, Psoriasis
• Wrinkle Removal
• Skin Rejuvenation
• Body Contouring and Fat Removal
• Cellulite Reduction
• Tattoo Removal
• Hair Removal
• Others

By End User

• Hospitals
• Clinics
• Others
  
  

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)
  
  

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