GLOBAL DERMATOLOGY DEVICES MARKET FORECAST 2022-2030

In terms of revenue, the global dermatology devices market was valued at $11360.34 million in 2021, and is expected to reach $33802.29 million by 2030, growing at a CAGR of 12.89% during the forecast period.

Dermatology devices help in the treatment and diagnosis of skin disorders. These devices are used for skin biopsy, photodynamic therapy, electrodesiccation, cryosurgery, micrographic surgery, topical chemotherapy, and other procedures. These devices are used by different healthcare providers such as hospitals, physician offices, dermatology clinics, etc. Commercially available devices include laser, radiofrequency, light-emitting diodes, ultraviolet B phototherapy, and intense pulsed light.

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Key growth enablers of the global dermatology devices market are:

• Technological advancements
  • Emerging technologies include digital photographic imaging, high-frequency ultrasonography, confocal microscopy, optical coherence tomography, artificial intelligence and machine-based learning software. All these advanced technologies are expected to positively impact the dermatology devices market.
  • Also, the introduction of advanced non-invasive laser therapies is expected to drive the demand for these devices.
• Growing prevalence of skin diseases
• Cosmetic procedures’ popularity for aesthetic improvements

 Key growth restraining factors are:

• Risks associated with dermatology procedures
• Stringent regulatory policies for medical devices
  • Most aesthetic devices are regulated as medical devices based on their technical specifications and intended use. These include dermal fills, laser equipment, breast implants, etc.
  • Different laws regulate the manufacturing, sale and importation of medical devices. For instance, in the EU, Medical Devices Regulation provides guidelines related to aesthetic products as well as non-medical devices.

Global Dermatology Devices Market | Top Trends

• There has been a significant rise in the preference for minimally invasive and non-invasive aesthetic procedures over traditional surgical procedures. Minimally invasive or non-surgical alternatives offer several advantages over surgical procedures, such as less pain, reduced scarring, and faster recovery. These procedures are also more cost effective than conventional surgical procedures.
• Dermatoscopes are gaining traction in the market. These are useful for dermatologists to differentiate benign from malignant lesions, especially in the diagnosis of melanoma. These improve dermatologists’ diagnostic accuracy, sensitivity, and specificity of a skin cancer diagnosis.
• There has been a growing adoption of aesthetic lasers. Lasers are used in aesthetic procedures such as skin rejuvenation, hair removal, vascular lesions, acne, wrinkle removal, psoriasis, tattoo removal, resurfacing, and pigmented lesions, among other skin diseases. Lasers with longer wavelengths and better configurations have expanded the range of beauty treatments, making the aesthetic lasers industry lucrative.
• Teledermatology is a useful alternative where specialized dermatological assistance is not available and has been used to support health professionals in a broad range of settings worldwide. This is used in either an asynchronous store-and-forward format or a real-time video conferencing format for the treatment of patients.

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Market Segmentation – Type, Treatment Devices, Diagnostics Devices, and End-User –

Market by Type:

• Treatment Devices
  • Treatment devices are anticipated to be the fastest growing dermatology devices, with a CAGR of 13.09% during the forecast period. The increasing incidence of skin disorders such as skin lesions, psoriasis, acne, and others is expected to drive the demand for dermatology treatment devices.
  • Dermatology treatment devices include lasers, liposuction, light therapy, and cryotherapy. The increasing demand for aesthetic procedures is expected to push the market for dermatology treatment devices.
• Diagnostic Devices

Market by Treatment Device:

• Market by Product
  • Lasers
    • Lasers are anticipated to grow with the fastest CAGR of 14.33% during the forecast period. Lasers are used in non-invasive medical treatments, such as hair removal, tattoo removal, skin rejuvenation, photodynamic therapy, and low-level laser therapy.
    • Rising demand from the healthcare vertical and increasing production of nano-devices and micro devices are the major factors driving the growth of the laser technology market.
  • Light Therapy Devices
  • Liposuction Devices
  • Microdermabrasion Devices
  • Electrosurgical Equipment
  • Cryotherapy Devices

• Market by Application
  • Hair Removal
  • Body Contouring And Fat Removal
  • Skin Rejuvenation
    • Skin rejuvenation is anticipated to grow with the fastest CAGR of 14.57% during the forecast period. Skin rejuvenation includes different treatments used to restore skin from any damage. Skin rejuvenation devices provide a non-surgical treatment option for curing skin problems such as wrinkles, pigmentation, scars, stretch marks, acne, dark circles, facial lines and others.
    • Some skin rejuvenation methods include laser skin resurfacing, dermal fillers, intense pulsed light procedures, micro-needling, microdermabrasion, botulinum toxin treatments, chemical peels, etc.
  • Wrinkle Removal And Skin Resurfacing
  • Cellulite Reduction
  • Vascular And Pigmented Lesion Removal
  • Tattoo Removal
  • Psoriasis
  • Acne
  • Other Applications

Market by Diagnostics Device:

• Market by Product
  • Dermatoscopes
    • Dermatoscopes are anticipated to be the fastest-growing diagnostic devices, with a CAGR of 12.94% during the forecast period. Dermatoscopes are used to diagnose skin lesions and diseases such as melanoma.
    • The application of dermatoscopes to identify potentially cancerous lesions, including nodular melanoma, Bowen’s disease, Merkel cell carcinoma, basal cell carcinoma, and non-cancerous lesions such as warts and dermatofibromas, is expected to boost the growth of the segment.
  • Microscopes
  • Biopsy Devices
  • Other Products

• Market by Application
  • Skin Cancer Diagnosis
    • This is anticipated to grow with the fastest CAGR of 12.39% during the forecast period. Non-invasive medical devices using imaging techniques such as confocal microscopy, dermoscopy and optical coherence tomography can diagnose and monitor melanoma and nonmelanoma skin cancers.
    • According to World Cancer Research Fund International, skin melanoma is the 17^th most common cancer worldwide. The high occurrence of skin cancer worldwide is expected to drive the segment’s growth over the forecast period.
  • Others Applications

Market by End-User:

• Dermatology Clinics
• Hospitals
• SPA Clinics
  • Spa Clinics are anticipated to be the fastest growing end-user with a CAGR of 13.18% during the forecast period. Spa Clinics have a well-earned reputation for providing a soothing experience that is useful for relaxation and, therefore, for a sense of health and well-being.
  • The rise in living standards, with the increasing demand for beauty treatments and self-enhancing procedures, is expected to drive the segment growth during the forecast period.
• Surgical Centers

Geographical Study based on Four Major Regions:

• North America: The United States and Canada
• Europe: The United Kingdom, Germany, France, Italy, Spain, Netherlands, Nordic Countries, and Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, Indonesia, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
  • The Asia-Pacific region is anticipated to grow with the fastest CAGR of 13.19% over the forecast period, owing to the rise in medical tourism in the region.
  • The growing preference for beauty and personal care premium products in the region is expected to boost market growth over the forecast period. As per Fitch Solutions, household spending on cosmetic products and personal care is expected to grow at 6.3% by 2025 in China. Also, as per ITA, skincare cosmetics were the largest import category in South Korea in 2021.
• Rest of World: Latin America, the Middle East & Africa

Major players in the global dermatology devices market are:

• Alma Lasers Ltd
• Cynosure Inc
• HEINE Optotechnik GmbH & Co KG
• Canfield Scientific
• Lumenis Ltd

Key strategies adopted by some of these companies;

• In December 2021, Medici Medical SRL was acquired by Canfield Scientific. The acquisition resulted in the creation of Canfield Scientific SRL and the launch of medical dermatology education program.
• In December 2021, Obagi announced the launch of the Skintrinsiq device. This device delivers a relaxing and spa-like facial experience to provide an efficient skin treatment.
• In March 2022, Candela Medical, Laserplast, Dr. Giacomo Colletti, and Vascular Birthmarks Foundation (VBF) collaborated to provide pro bono laser treatments. This collaboration enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments.

Report Synopsis: