What Fueled The Previous Growth In The Dermatology Devices Market?
The dermatology devices market has seen considerable growth due to a variety of factors.
• The market for dermatology devices has expanded rapidly in the last few years. It is projected to escalate from $15.93 billion in 2024 to $18.38 billion in 2025, recording a compound annual growth rate (CAGR) of 15.4%.
Factors such as heightened awareness about skin health, the widespread prevalence of skin conditions, an aging demography, an upturn in aesthetic and cosmetic procedures, and advancements in skin cancer diagnostic approaches have contributed to the historical growth.
What Is The Expected Growth In The Dermatology Devices Market Size?
The dermatology devices market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the dermatology devices market is predicted to experience accelerated growth, with an anticipated valuation of $32.98 billion by 2029, upholded by a compound annual growth rate (CAGR) of 15.7%.
Factors such as the appeal of minimally invasive procedures, an increase in medical tourism, flourishing in emerging markets, and escalated research and development activities all contribute to the growth predicted for this forecast period. The period also foresees major trend shifts like the adoption of tele-dermatology services, the incorporation of AI and machine learning, personalized approaches to dermatology treatment, advancements in laser technologies, and innovative progressions in dermatology.
What Are the Critical Driver Fuelling the Dermatology Devices Market's Growth?
The dermatology devices market is poised for growth, propelled by the escalating occurrence of skin cancer and various other skin ailments. Skin cancer involves the uncontrolled spread of abnormal cells in the skin's outermost layer, the epidermis, triggered by malignant tumors originating from unrepaired DNA damage. Other skin afflictions include eczema, cold sores, dry skin, acne, and more. Dermatology devices like light treatment devices, lasers, and electrosurgical equipment are employed to eradicate skin tumors. For instance, data from the American Cancer Society, a voluntary health organization based in the US, reported that approximately 99,780 new melanoma skin cancer cases were identified in 2022, resulting in around 7,650 fatalities in the US because of melanoma. Hence, the escalating incidence of skin cancer and other skin afflictions is fuelling the expansion of the dermatology devices market.
How Is the Dermatology Devices Market segmented?
The dermatology devices market covered in this report is segmented –
1) By Product Type: Diagnostic Devices, Treatment Devices, Other Product Types
2) By Application: Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation, Warts, Other Applications
3) By End User: Hospitals, Clinics, Other End Users
Subsegments:
1) By Diagnostic Devices: Dermatoscopes, Skin Biopsy Devices, Imaging Devices, Laboratory Testing Devices
2) By Treatment Devices: Laser Devices, Cryotherapy Devices, Light Therapy Devices, Radiofrequency Devices, Electrosurgical Devices
3) By Other Product Types: Microneedling Devices, Chemical Peeling Devices, Acne Treatment Devices, Skin Rejuvenation Devices
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What New Trends Are Influencing the Dermatology Devices Market?
The rise of technological advancements is a noteworthy trend gaining momentum in the dermatology device market. Leading businesses in the dermatology devices industry are concentrating on ground-breaking technological developments to maintain their market dominance. For example, 3Derm Systems, Inc., a firm based in the USA that produces dermatology devices, introduced 3DermSpot. This AI-based algorithm uses high-quality skin images to independently detect melanoma, squamous cell carcinoma, and basal cell carcinoma, facilitating rapid skin cancer detection.
Who Are the Key Players in the Dermatology Devices Market?
Major companies operating in the dermatology devices market include:
• Cutera Inc.
• Lumenis Ltd.
• Alma Lasers Ltd.
• Solta Medical Inc.
• Aesthetic Group
• Image Derm Inc.
• Johnson & Johnson Private Limited
• Cortex Technology ApS
• HEINE Optotechnik GmbH & Co. KG
• Michelson Diagnostics Ltd.
• Bruker Corporation
• Bovie Medical Corporation
• Photomedex Inc.
• Applisonix Ltd.
• Candela Medical Corporation
• STRATA Skin Sciences Inc.
• WON TECH Co. Ltd.
• LUSTRE® ClearSkin Ltd.
• DermLite LLC
• Genesis Biosystems Inc.
• Cynosure LLC
• Canfield Scientific Inc.
• Bausch Health Companies Inc.
• Stiefel Laboratories
• Sun Pharmaceutical Industries Limited
• Galderma S.A.
• Merz Pharma GmbH & Co. KGaA
• Allergan plc
• Syneron Medical Ltd.
• Bio-Therapeutic Inc.
• Sciton Inc.
• Viora Ltd.
What Is The Most Dominant Region In The Dermatology Devices Market?
North America was the largest region in the dermatology devices market in 2024. Asia-Pacific is the second largest region in the dermatology devices market. The regions covered in the dermatology devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
