Global Dermatology Treatment Devices Market, By Type (Lasers, Light Therapy Devices, Cryotherapy Devices, Microdermabrasion Devices, Energy-Based Therapies Devices, Micro needling), Application (Skin Resurfacing, Skin Rejuvenation, Hair Removal, Psoriasis, Scar, Warts & Skin Tags, Skin Lesions, Pigmented & Vascular, Lesion Removal, Acne, Tattoo Removal, Hyperhidrosis), End User (Hospitals, SPA Clinics, Dermatology Clinics, Surgical Centres) – Industry Trends and Forecast to 2029
Market Analysis and Size
Skin disease is one of the leading causes of the growing global disease burden, affecting millions of people around the world. Aging, as well as environmental and genetic factors, contribute to the development of a wide range of skin diseases. Melanoma and non-melanoma skin cancers are becoming increasingly common. As a result, there has been a consistent rise in the number of skin problems over the last few years, which may aid in the overall market's growth.
Data Bridge Market Research analyses that the dermatology treatment devices market is expected to reach the value of USD 17,786.65 million by the year 2029, at a CAGR of 15.63% during the forecast period. Technological advancements in products and procedures, rising incidence of skin disorders, rising healthcare expenditure, and an ageing global population will all contribute to the market's growth.
Market Definition
Dermatology is a distinct field of medicine that focuses on skin conditions. Medicine also includes conditions that affect your nails, hair, and the delicate lining of your eyelids, nose, and mouth, in addition to your skin. Your skin is the largest organ in your body. It is made up of nerve endings, sweat glands, hair follicles, pores, blood vessels, and a variety of other structures.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Lasers, Light Therapy Devices, Cryotherapy Devices, Microdermabrasion Devices, Energy-Based Therapies Devices, Micro needling), Application (Skin Resurfacing, Skin Rejuvenation, Hair Removal, Psoriasis, Scar, Warts & Skin Tags, Skin Lesions, Pigmented & Vascular, Lesion Removal, Acne, Tattoo Removal, Hyperhidrosis), End User (Hospitals, SPA Clinics, Dermatology Clinics, Surgical Centres)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Agfa-Gevaert Group (Belgium), Carl Zeiss AG (Germany), MELA Sciences, Inc. (US), Hologic, Inc. (US), Illumina, Inc. (US), Spindletop Capital (US), Heine Optotechnik (Germany), GENERAL ELECTRIC COMPANY (US), Koninklijke Philips N.V. (Netherlands), Leica Microsystems (Germany), Bruker (US), Solta Medical (US), CANDELA CORPORATION (US), Ambicare Health (UK), Siemens Healthcare Private Limited (Germany), Welch Allyn (US), CANON MEDICAL SYSTEMS CORPORATION (Japan), Galderma laboratories (US), Michelson Diagnostics Inc. (UK) and Canfield Scientific, Inc. (US)
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Dermatology Treatment Devices Market Dynamics
Drivers
- The rise in the cases of dermatological diseases
The increase in the prevalence of diseases requiring surgical treatment, particularly minimally invasive surgery (MIS), is attributed to market growth, which will help the dermatology devices market gain traction in the coming years. Furthermore, the rising prevalence of skin disorders, which necessitate the use of dermatology devices to manage the condition, is expected to propel the market to higher revenue shares.
The increase in the healthcare spending
The rising prevalence of conditions such as psoriasis, acne, and other skin disorders is expected to boost market revenue during the forecast period. Increased healthcare spending, which can be used to treat skin conditions, would aid the market's growth during the forecast period. Furthermore, the increased need for aesthetic improvement, which necessitates the use of dermatology devices, fuels market growth.
- Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the dermatology treatment devices market.
Opportunities
Increased positive outcomes of aesthetic treatment and increased awareness of aesthetic procedures can open up new opportunities to expand the dermatology treatment devices market during the forecast period.
Restraints/Challenges
The improper compensation state of affairs of aesthetic procedures, as well as the high cost of medical procedures such as RF small needling and lasers, may limit the market expansion of dermatology treatment devices.
This dermatology treatment devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dermatology treatment devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Dermatology Treatment Devices Market
The COVID-19 outbreak had an impact on the dermatology device market. Consumers are now looking for online cosmetic home treatments as a result of the closure of non-essential businesses in the dermatology industry. As more consumers seek cosmetic advice from the comfort of their homes, dermatology brands can capitalise on this opportunity by renovating their online offerings, offering e-consultation services, and investing in advanced technology. Furthermore, the pressure to look good on zoom video calls during lockdown has resulted in an increase in cosmetic procedures around the world. Rhinoplasty, breast augmentation, laser eye surgery, smile correction procedures, and eyelid surgeries were among the most popular surgical procedures. The increased exposure to videoconferencing software, as well as the constant exposure to one's own appearance, has also contributed to the post-lockdown increase.
Recent Development
- Lancer Skincare announced the release of its first skincare exfoliating device, the Pro Polish Microdermabrasion Device, in July 2020. By delivering surface-layer microdermabrasion in a patented, handheld device, Pro Polish improves the efficacy of the Lancer routine.
- 3Derm Systems, Inc. (3Derm) announced in January 2020 that it had received two FDA Breakthrough Device designations for 3DermSpot, an algorithm that uses artificial intelligence (AI) and highly standardised skin images to detect melanoma, squamous cell carcinoma, and basal cell carcinoma autonomously.
Global Dermatology Treatment Devices Market Scope
The dermatology treatment devices market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Lasers
- Light therapy devices
- Cryotherapy devices
- Microdermabrasion devices
- Energy based therapies
- Micro needling
On the basis of type, the dermatology treatment devices market is segmented into lasers, light therapy devices, cryotherapy devices, microdermabrasion devices, energy-based therapies devices and micro needling.
Application
- Skin rejuvenation
- Hair removal
- Psoriasis
- Scar
- Skin resurfacing
- Skin lesion
- Warts and skin tags
- Pigmented and vascular
- Lesion removal
- Acne
- Tattoo removal
- hyperhidorosis
- others
On the basis of application, the dermatology treatment devices market is segmented into skin rejuvenation, hair removal, psoriasis, scar, skin resurfacing, skin lesion, warts & skin tags, pigmented and vascular, lesion removal, acne, tattoo removal, hyperhidrosis and others.
End User
- dermatology clinic
- surgical centres
- Hospitals
- Spa clinics
Dermatology treatment devices market has also been segmented based on the end user into hospitals, spa clinics, dermatology clinics, surgical centers and others.
Dermatology Treatment Devices Market Regional Analysis/Insights
The dermatology treatment devices market is analysed and market size insights and trends are provided by country, type, sales, application and end users as referenced above.
The countries covered in the dermatology treatment devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America province dominates the dermatology treatment devices industry due to rising prevalence of skin cancer and other skin diseases such as eczema and rosacea, as well as rising adoption of cosmetic dermatology procedures, whereas Asia-Pacific (APAC) is expected to grow at the fastest rate in the estimated period due to the availability of affordable treatment options, which leads to increased medical tourism and increased beauty consciousness.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The dermatology treatment devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for dermatology treatment devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the dermatology treatment devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Dermatology Treatment Devices Market Share Analysis
The dermatology treatment devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dermatology treatment devices market.
Some of the major players operating in the dermatology treatment devices market are
- Agfa-Gevaert Group (Belgium)
- Carl Zeiss AG (Germany)
- MELA Sciences, Inc. (US)
- Hologic, Inc. (US)
- Illumina, Inc. (US)
- Spindletop Capital (US)
- Heine Optotechnik (Germany)
- GENERAL ELECTRIC COMPANY (US)
- Koninklijke Philips N.V. (Netherlands)
- Leica Microsystems (Germany)
- Bruker (US)
- Solta Medical (US)
- CANDELA CORPORATION (US)
- Ambicare Health (UK)
- Siemens Healthcare Private Limited (Germany)
- Welch Allyn (US)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- Galderma laboratories (US)
- Michelson Diagnostics Inc. (UK)
- Canfield Scientific, Inc. (US)
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