Dermatology Devices Market - By Product (Diagnostic Devices, Treatment Devices), By Application (Skin Cancer, Skin Rejuvenation, Hair Removal, Body Contouring and Skin Tightening, Psoriasis), By End-use (Dermatology Centers, Hospitals, Clinics) & Forecast, 2023-2032

Dermatology Devices Market - By Product (Diagnostic Devices, Treatment Devices), By Application (Skin Cancer, Skin Rejuvenation, Hair Removal, Body Contouring and Skin Tightening, Psoriasis), By End-use (Dermatology Centers, Hospitals, Clinics) & Forecast, 2023-2032

Dermatology Devices Market Size

Dermatology Devices Market size was valued at more than USD 11 billion in 2022 and is estimated to exhibit significant growth at over 10% CAGR from 2023 to 2032 owing to the rising inclination towards cosmetic procedures in developed nations.
 

The growing awareness among people about the importance of physical appearance is driving the demand for dermatological devices. Moreover, the increasing availability of advanced healthcare facilities, rising healthcare spending, and soaring demand for cosmetic procedures among women are the additional factors that are anticipated to fuel the dermatology devices market expansion.
 

Moreover, technology-oriented businesses place a strong emphasis on the development of advanced dermatology tools to provide more effective solutions. Additionally, the growing popularity of AI-powered dermatology applications with easy online access to high-quality skin treatment and expert dermatologists through smartphones is projected to boost the industry size.
 

Challenging regulatory environment to hamper industry revenue

Strict regulations governing the use of dermatological medical devices and the mandatory requirement for manufacturers to fulfill several quality standards limits product clearance and launch in the significant market, further impeding the business progress. However, mounting access to dermatology treatment is likely to aid product penetration.
 

Dermatology Devices Market Analysis

Under product, the dermatology devices market share from the treatment devices segment is anticipated to exhibit significant growth at over 10.5% CAGR from 2023 to 2032. Massive investments by industry leaders for expediating R&D operations for continuous development of laser technologies that provide rapid, secure, and reliable procedures, which is expected to propel business expansion through 2032. Additionally, rising demand for laser tattoo removal is estimated to drive laser dermatology devices, thereby impelling segment development. Diagnostic devices segment is projected to register over 9.6% CAGR between 2023 and 2032 propelled by increasing expenditure on skin care in developing countries.
 

The report cites that the dermatology devices market share from the psoriasis application segment is anticipated to grow at more than 10% CAGR through 2032 due to the growing prevalence of psoriasis in the world. According to reports, psoriasis affects roughly 25 million individuals globally, thereby fueling the demand for dermatology devices for treatment. Additionally, ongoing technological developments in psoriasis treatment, as well as a growing preference for teledermatology and eHealth digital technologies for convenient access to psoriasis treatments, are expected to support segment expansion.
 

In terms of end-use, the dermatology centers segment held more than 37% share of the dermatology devices market in 2022 and is anticipated to attain significant growth through the forecast timeframe. The rising number of people suffering from dermatological problems, such as acne, psoriasis, and eczema, is driving segment statistics. Furthermore, favorable government initiatives encouraging the development of dermatological clinics and sophisticated healthcare infrastructure are likely to stimulate segment development.
 

Europe dermatology devices market is expected to reach over USD 7.5 billion by 2032 on account of the rising prevalence of skin cancer. According to a survey from 2022 by the European Academy of Dermatology and Venereology (EADV), 1.71% of adult Europeans have skin cancer. The rising demand for facial surgeries to improve facial aesthetics among European women is likely to support market progression. Furthermore, massive investments in digital dermatology are catching up with the rest of the digital health industries, which is foreseen to propel regional revenue.
 

Dermatology Devices Market Share

• Alma Lasers Ltd.
• Hologic, Inc.
• Cynosure Inc.
• Bruker Corporation
• Carl Zeiss
• Michelson Diagnostics Ltd. (VivoSight)
• Olympus Corporation
• Canfield Scientific Inc.
• Biolitec AG
• Cutera, Inc.
• Image Derm Inc.
• Lumenis Ltd.

are some leading industry players in the market. These companies employ new technologies for innovative product launches to expand their global reach. In August 2020, medical device expert LASEROPTEK expanded its product portfolio with the introduction of the PALLAS laser in the United States, a solid-state 311nm ultraviolet B laser to treat conditions, such as psoriasis, vitiligo, leukoderma, and atopic dermatitis.
 

Impact of COVID-19 Pandemic

The dermatology devices industry suffered major losses during the recent COVID-19 outbreak due to the rising risk of cross-contamination during treatments, however, teledermatology continued to support the industry. Furthermore, owing to movement restrictions during lockdowns, patients were prohibited from non-essential facilities. This led to the postponement of various surgeries, including skin tightening, body reshaping, hair removal, and liposuction. The supply chain was also affected by the ongoing trade restrictions that affected a number of medical device businesses, which, in turn, slowed down the overall industry growth. However, the decline in COVID cases around the globe is helping the market regain its pre-pandemic momentum.
 

The dermatology devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments

Click here to Buy Section of this Report

By Product

• Diagnostic devices
  • Imaging devices
  • Dermatoscopes
  • Biopsy devices
• Treatment devices
  • Light therapy devices (LED therapy)
  • Lasers
  • Microdermabrasion devices
  • Cryotherapy devices
  • Electrosurgical equipment
  • Liposuction devices

By Application

• Skin cancer
• Skin rejuvenation
• Hair removal
• Body contouring and skin tightening
• Psoriasis
• Others

By End-use

• Dermatology centers
• Hospitals
• Clinics
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • New Zealand
  • Singapore
  • Philippines
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Others
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Others