Dermatology Devices Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Dermatology Devices Market Growth & Trends

The global dermatology devices market size is expected to reach USD 42.2 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 19.9% from 2021 to 2028., registering a CAGR of 15.1% over the forecast period. The product demand is expected to increase owing to rise in skin conditions and growing influence of social media.

Increasing incidences of skin disorders such as psoriasis, acne, eczema, and skin lesions across the globe are attributed to irregular lifestyles and food habits. Melanoma is the most deadly form of skin cancer that arises due to overexposure to the sun. Dermatology diagnostic equipment help in the early diagnosis of melanoma. High prevalence of this skin condition is anticipated to contribute to the market growth. For instance, in 2019, nearly 7,800 Canadians were estimated to be diagnosed with melanoma and nearly 1,300 Canadians were estimated to die due to melanoma.

Moreover, obesity has rapidly become a major health concern. Hence, fat removal procedures are increasingly being adopted. Liposuction is considered an effective treatment for obesity, which, in turn, drives the product demand. Rising disposable income and increased financial independence among women are also driving market growth. In addition, technological advancements in laser treatments increase its application scope, subsequently driving the product demand over the forecast period.

North America is projected to be the largest market globally through the forecast period. This is attributed to growing incidences of conditions such as eczema, which can be treated dermatologically. Growing popularity of cosmetic procedures such as cellulite and fat removal and scar removal is also projected to drive the growth of the regional market. On the other hand, Asia Pacific is projected to witness the fastest growth rate over the forecast period. Factors such as high medical tourism and increasing R&D activities are driving the Asia Pacific market.

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Dermatology Devices Market Report Highlights

• Treatment devices dominated the market in 2019 owing to the rise in awareness regarding various aesthetic procedures and products, which, in turn, leads to a rise in adoption of both surgical and non-surgical cosmetic procedures
• Laser devices accounted for the largest share in 2019 due to their wide application in a variety of disease and cosmetic treatments
• Skin cancer diagnosis held a substantial market share in 2019 owing to the high prevalence of this disease condition, particularly melanoma
• Skin rejuvenation is expected to witness lucrative growth over the forecast period owing to the increasing popularity of this treatment procedure
• Hospitals accounted for the largest share in 2019 owing to the rise in adoption of advanced infrastructure and enhanced services in these settings
• North America dominated the global dermatology devices market in 2019 due to increasing awareness of aesthetic procedures and rising beauty consciousness among the population
• Key market players include 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.

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Dermatology Devices Market Segmentation

Grand View Research has segmented the global dermatology devices market on the basis of  product, application, end use, and region:

Dermatology Devices Market Product Outlook (Revenue, USD Million, 2016 - 2028)

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

Dermatology Devices Market Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic Devices
  • Skin Cancer Diagnosis
  • Other
• Treatment Devices
  • Hair Removal
  • Skin Rejuvenation
  • Acne, Psoriasis, & Tattoo Removal
  • Wrinkle Removal & Skin Resurfacing
  • Body Contouring and Fat Removal
  • Cellulite Reduction
  • Vascular and Pigmented Lesion Removal
  • Others

Dermatology Devices Market End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

Dermatology Devices Market Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Switzerland
  • The Netherlands
  • Belgium
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
  • Malaysia
  • Singapore
  • Indonesia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Turkey

List of Key Players of 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.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.