Dermatology can help individuals to examine skin spots, overcome acne, treat eczema or psoriasis, receive skin cancer screening, etc. Whereas dermatology devices help diagnose and treat skin, hair, and nail-related diseases like acne, vitiligo, psoriasis, rosacea, ichthyosis, eczema, hives, lesions, seborrheic dermatitis, rashes, hair removal, nail infections, etc. According to Inkwood Research’s analysis, the global dermatology devices market is set to accelerate with a 12.89% CAGR during the assessment period, 2022-2030.
Dermatology Devices Market: What are the Popular Dermatology Treatment Devices?
The growing prevalence of skin cancer and other diseases and the technological advancements in dermatology drive the global market. Also, the increased usage of dermatology devices for hair removal & stretch mark reduction significantly drives the demand for dermatology devices. Accordingly, the adoption of dermatology devices for aesthetic treatment boosts the dermatology devices market globally.
Some of the popular treatment devices in the global dermatology devices market include lasers, light therapy devices, electrosurgical equipment, microdermabrasion devices, liposuction devices, and cryotherapy devices.
The popular among these are:
Dermatology lasers have become a crucial tool for treating skin diseases. Expanding research in cosmetology, the prevalence of skin cancer, and rising awareness about advanced cosmetic dermatology procedures like dermabrasion are boosting the market growth. According to the World Health Organization (WHO), it is anticipated that one in every three cancers diagnosed is skin cancer. The organization also adds that globally, over 3 million non-melanoma and 130,000 melanoma skin cancers occur yearly.
As per Inkwood Research’s analysis, lasers are the fastest-growing devices in the treatment device segment during the forecast period.
Furthermore, dermatology lasers can be used for tattoos & hair removal and skin resurfacing. In addition to their various aesthetic applications in the beauty and personal care market, lasers have proven to effectively treat cutaneous malignancies as well as primary skin diseases. The growing number of dermatology laser applications encourages manufacturers like HEINE Optotechnik GmbH & Co KG, Bausch Health Companies Inc, etc., to develop new equipment for treating autoimmune diseases like alopecia areata, vitiligo, and psoriasis. According to the National Psoriasis Foundation, psoriasis affects over 125 million people worldwide, accounting for 2-3 % of the global population.
Light Therapy Devices
According to Inkwood Research, the global dermatology devices market by light therapy is set to surge with a 13.87% CAGR by 2030.
Increasing use of light therapy in clinics to treat various skin concerns, rising demand for anti-glare visors for helmets and vehicles, and increasing product launches are some of the key factors boosting revenue growth. Particularly, the use of infrared and red light is a well-researched therapy method with many beneficial effects for athletes. When used intelligently, an athlete can reap the rewards in sleep and performance, potentially enhancing soft tissue recovery. Therefore, the surging demand for non-surgical light therapy technology in advanced wearable devices among athletes to treat chronic diseases boosts revenues.
According to Harvard Medical School, light therapy help optimize medication effects and reduce a patient’s antidepressant reliance. The growth is also driven by rising demand for light therapy treatment in the cosmetic and healthcare industry for treating depressive skin disorders, such as preventing acne breakouts, dryness, and cold sores associated with stress and hormonal changes, which presents lucrative opportunities for the device in the global marketplace.
Liposuction devices help remove fat from body parts that do not respond to diet and exercise, such as the calves and ankles, abdomen, hips and thighs, upper arms, chin and neck, chest and back, etc. Liposuction surgery is gaining popularity among men and women due to minimum health risks, increased social media promotions, and cost-effectiveness. Moreover, owing to the non-invasive cosmetic procedure trends, many consumers prefer cosmetic surgery for lifestyle changes, which is expected to contribute to market growth.
Additionally, according to World Health Organization (WHO), with about 13% of the world’s adult population being obese, its prevalence almost tripled between 1975 and 2016. Global awareness of obesity and related health conditions propels the demand for targeted surgery, driving the market growth during the forecast years.
Growing Significance of Aesthetic Treatment Devices
Aesthetic treatments are non-surgical procedures designed to rejuvenate and refresh skin and combat signs of aging. Lasers and energy-based devices help provide quality patient care and achieve optimal clinical results. These devices can also treat excessive sweating and skin tags, treat acne and scars, and remove pigmentation and moles. The high adoption of dermatology devices in aesthetic treatment is further expected to boost the market growth.
In addition, the surging demand for non-surgical and advanced wearable devices among athletes to treat chronic diseases offers growth opportunities for aesthetic treatment devices. For instance, Sport-LT, a first-of-its-kind non-surgical device, is available for consumer applications. It helps in relieving carpal tunnel syndrome or tennis elbow. With the help of targeted infrared and red light rays, Sport-LT quickly reduces inflammation and stimulates healing. The device is rechargeable, compact, affordable, and portable.
Future Dermatology Devices
Innovative solutions are expected to impact the healthcare industry. In the case of subfields, like surgery, a complete transformation of the specialty can be expected. Smart algorithms are expected to diagnose skin cancer in the next few years. Also, 3D printers are anticipated to be able to print synthetic skin to fight tissue shortages. Further, advanced digital technologies will enable dermatologists to diagnose and treat skin diseases more effectively. Technology has been shaping dermatology practices for decades and is expected to continue to do so in the coming years, thereby accelerating the global dermatology devices market growth.
What are the key growth restraints of the global dermatology devices market?
Stringent regulatory policies for medical devices are the key growth restraints of the global dermatology devices market.
Which country will capture the highest market share in the global dermatology devices market?
The United States is anticipated to capture the highest market share, with a predicted value of over $10.2 billion during the forecast period, 2022-2028.