San Francisco, 12 April 2024: The Report Dermatology Devices Market Analysis By Product & Application (Diagnostic Devices, Treatment Devices), By End Use (Hospitals, Clinics, Others), And Segment Forecasts, 2024 - 2030
The global dermatology devices market size was valued at USD 34.34 billion in 2030 and is projected to grow at a compound annual growth rate (CAGR) of 12.64% from 2024 to 2030. Dermatology devices are expected to have a high demand due to rising beauty consciousness, increasing cases of skin diseases, and the growing influence of social media. The incidence of skin disorders, such as psoriasis, acne, eczema, and skin lesions, is continuously rising across the globe owing to irregular lifestyles and food habits. Melanoma is the deadliest form of skin cancer arising due to overexposure to the sun. Dermatology diagnostic devices help in the early diagnosis of melanoma.
The high prevalence of this skin condition is anticipated to contribute to market growth. For instance, in 2024, nearly 7,800 Canadians were estimated to be diagnosed with melanoma and nearly 1,300 Canadians were estimated to die due to melanoma. Obesity has become one of the major health concerns as well, for both the male and female populations. Hence, fat removal procedures are being highly adopted. Liposuction is considered an effective obesity treatment. A rise in disposable income levels is also another factor driving the product demand. In addition, technological advancements in laser treatments are increasing the application scope of these devices, thus boosting the demand by physicians and patients alike.
The increasing prevalence of skin cancer and other skin diseases is contributing largely to the high demand for the skin care instruments market. Furthermore, growing awareness among people about the aesthetic appeal and technological advancements in skin care instruments are also increasing the adoption of these devices significantly. The rise in disposable income is also considered as one of the important factors driving the market growth of dermatology devices.
Skin cancer prevalence is increasing, with melanoma and non-melanoma skin cancers rising. The Skin Cancer Foundation reports that every year in the U.S., approximately 10,130 people die due to melanoma. Additionally, according to the International Agency for Research on Cancer, globally, the number of new melanoma skin cancer is estimated to increase from 324,635 in 2020 to 413,132 by 2030. As a result, there is a growing demand for quick and accurate diagnosis of skin disorders, and it is expected to boost the market in forecast years.
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The COVID-19 pandemic has affected various industries. Due to the pandemic, there has been a decrease in the number of patients visiting hospitals and clinics for non-essential medical procedures, including those related to dermatology. This has led to a decline in the demand for dermatological instruments, such as laser therapy and microdermabrasion instruments. However, the market for dermatological devices has seen a V shape recovery. With the successful rollout of vaccines in all regions, the volume of dermatological tools is beginning to recover to its pre-pandemic levels. In 2021, the market has witnessed high demand due to the backlog of 2020 and increased interest from people related to dermatological procedures. The dermatological devices market has witnessed high volatility during the past few months and is expected to return to its normal growth trend by 2023.
Dermatology Devices Market Report Highlights
- Treatment devices dominated the market in 2022 due to a rise in awareness regarding various aesthetic procedures & products, which led to increased adoption of both surgical and non-surgical cosmetic procedures
- Laser devices held a significant market share in 2022 due to their extensive usage in a variety of diseases and cosmetic treatments
- Skin cancer diagnosis held a substantial market share in 2022 on account of the high prevalence of this disease, particularly melanoma
- Skin rejuvenation is expected to have a lucrative growth over the forecast period due to the growing number of geriatric people opting for such treatment procedures
- The hospitals segment held the largest revenue share in 2022 owing to the advanced infrastructure and enhanced services offered in these settings
- North America was the dominant regional market in 2022 due to the increased beauty consciousness and awareness regarding aesthetic procedures
The dermatology devices market is developing rapidly due to growing aesthetic awareness. In the current scenario, people of all age groups are increasingly concerned about enhancing their aesthetic appeal. Complete skin rejuvenation improves the aesthetic appeal of a person. There has been a noticeable trend towards utilizing technologically advanced equipment in the field of dermatology. These devices help diagnose and treat various skin diseases accurately and improve one's overall appearance. The advent of non-invasive laser therapies has particularly led to a surge in demand for such advanced equipment.
Mergers and acquisitions have contributed to the consolidation of the dermatology sales companies. Larger companies seeking to strengthen their market position and broaden their product portfolios have engaged in acquisitions to gain access to innovative technologies, intellectual property, and established customer bases.
Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), set stringent requirements for the approval and clearance of dermatology devices. Manufacturers must adhere to predefined standards and undergo rigorous testing to demonstrate the safety and efficacy of their products before they can enter the market.
Substitute services often encompass non-invasive or minimally invasive treatment modalities that offer alternatives to conventional dermatological devices. Procedures such as chemical peels, microdermabrasion, and certain light therapies provide effective treatment options with reduced discomfort and downtime compared to some device-based interventions.
End-user concentration varies geographically, with certain regions having a higher concentration of dermatology practices or healthcare facilities equipped with dermatological devices. Manufacturers need to adapt their market approach based on regional variations in end-user concentration, considering factors such as population density, healthcare infrastructure, and regulatory environments.
List of Key Players in Dermatology Devices Market
- Alma Lasers GmbH
- Cynosure, Inc.
- Solta Medical, Inc.
- Cutera, Inc.
- Syneron Medical Ltd.
- Canfield Scientific, Inc.
- 3Gen
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc
Light Vehicles Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
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This study also analyzes the market status, future trends, revenue generation, market share, growth rate, opportunities and challenges, sales volume, market drivers, market restraints, risks, and entry barriers.
Dermatology Devices Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The rise in the value of the market can be attributed to the rising cutaneous infections, government initiatives and least intrusive cosmetic procedures.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=europe-dermatology-devices-marketCompetitive Analysis: Europe Dermatology Devices MarketFew of the major competitors currently working in Europe Dermatology Devices Market are Alma Lasers, Cutera, Cynosure, Inc., Bausch Health, Lumenis, Bruker, Carl Zeiss AG, HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics, Agilent Technologies, Inc., Ambicare, biolitec AG, CANDELA CORPORATION, GENERAL ELECTRIC COMPANY, Nikon Corporation, Olympus Corporation, Hologic, Inc., CANON MEDICAL SYSTEMS CORPORATION, among other players domestic.
The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.Based on product type the market is segmented into diagnostic device and treatment device.
Imaging device is further segmented into magnetic resonance imaging, ultrasound, and computed tomography system.
The diagnostic device is further segmented into skin cancer diagnosis, other diagnostic applications.
Nov 08, 2019- Million Insights Market Research has published a new report titled ‘Dermatology Devices Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Dermatology Devices market report helps analyze trends and significant developments in the industry.The global Dermatology Devices Market size is likely to reach USD 25.7 billion by 2025, registering at a 13.5% CAGR during the forecast period.
Rising number of esthetic procedures and escalating prevalence of skin-related disorders are major factors contributing toward the growth of the market.There has been a rise in incidences of poor skin conditions which lead to increasing number of the skin treatments performed where dermatology devices are needed.
According to the International Society of Aesthetic Plastic Surgery, around 20,236 thousand aesthetic procedures were performed globally.Request a PDF Sample @ https://www.millioninsights.com/industry-reports/dermatology-devices-market/request-sampleGrowing prevalence of skin cancer is another major factor contributing toward market growth.
For instance, according to American Cancer Society, about 10,130 people die due to melanoma each year in the U.S.
The dermatology treatment segment is estimated to dominate the market due to increasing population adopting newer dermatological or aesthetic procedures for the treatment of skin disorders and enhancement of the skin.
This increase in the demand for the acne removal procedures has attributed to the growth of the market.The diagnostic segment is expected to grow at a significant rate over the forecast period.
Trauma refers to any kind of physical injury such as fractures, dislocations, sprains & strains and burns caused by any external source.
According to Center for Disease Control and Prevention, Trauma is an injury or wound to a living individual caused by due to violence or external force.Trauma devices are one of the various clinical procedures used for the treatment of trauma based upon the severity of injury.
These devices are used in case of fractures, especially in the long bones.
Increase in the number of road accidents, sports related injuries and changing lifestyle of the people will further drive the trauma devices market growth.Download Exclusive Sample Report @ https://dataintelo.com/request-sample/?reportId=457Medical devices used for fixation of small bones and joints are categorized under orthopedic trauma.
Increasing incidence of severe fractures and rising expenditure on research and development of trauma devices are among key factors likely to drive the market during the forecast period.Read More @ https://www.marketwatch.com/press-release/trauma-devices-market-size-2019---application-trends-growth-opportunities-worldwide-and-forecast-to-2026-2019-12-09
