Dermatology devices find diverse applications in skincare and aesthetics. These devices offer a range of features, such as laser technologies for hair removal, skin rejuvenation, and tattoo removal. They address dermatological concerns such as acne, scars, and pigmentation through non-invasive treatments. Dermatology devices also aid in diagnostics, detecting skin cancer and other conditions. Additionally, they support cosmetic procedures like wrinkle reduction and body contouring, fulfilling both medical and aesthetic needs, and enhancing skin health and appearance.
According to Data Bridge Market Research, the Global Dermatology Devices Market accounted for USD 12.5 billion in 2021 and is expected to reach USD 29.01 billion by 2029. The market is expected to grow with a CAGR of 11.1 % in the forecast period of 2022 to 2029.
“Burgeoning demand for non-invasive dermatological procedures boosts the market’s growth”
The burgeoning demand for non-invasive dermatological procedures has significantly propelled the growth of the dermatology devices market. As patients seek minimally invasive solutions for skin conditions, the market for devices such as lasers, light therapy systems, and aesthetic devices expands. These technologies offer efficient, safe, and comfortable treatments, driving patient preference and industry growth. The shift towards non-surgical options aligns with evolving consumer demands, fostering innovation and advancing the field of dermatological devices.
What restraints the growth of the global dermatology devices market?
“Limitations due to short-term negative growth periods restraints the market’s growth”
The growth of the dermatology devices market encounters limitations due to short-term negative growth periods. These downturns, often attributed to factors such as economic fluctuations or sudden regulatory changes, can impact investments in new technologies and treatment modalities. Reduced spending and cautious market behavior during such phases can hinder innovation and hinder market expansion. However, long-term prospects remain positive as the market tends to rebound and adapt to changing conditions, mitigating short-term setbacks.
Segmentation: Global Dermatology Devices Market
The global dermatology devices market is segmented on the basis of type, application, diagnostic devices, treatment devices, and end user.
- On the basis of type, the dermatology devices market is segmented into diagnostic devices v/s treatment devices.
- On the basis of application, the dermatology devices market is segmented into skin cancer diagnosis, vascular lesions removal, hair and wrinkle removal, body contouring and fat removal, others
- On the basis of diagnostic devices, the dermatology devices market is segmented into dermatoscopes, microscopes, imaging devices.
- On the basis of treatment devices, the dermatology devices market is segmented into laser, electrosurgical equipment, liposuction devices, light therapy devices, others.
- On the basis of end user, the dermatology devices market is segmented into hospital, dermatology clinics, and others.
Regional Insights: North America dominates the Global Dermatology Devices Market
North America led the market due to the prevalent occurrence of skin disorders and skin cancer. The rising inclination towards cosmetic procedures further fuels market expansion. Moreover, a heightened awareness of aesthetics among the younger demographic and the increasing incidence of obesity in the U.S. contribute to driving the market forward.
Asia-pacific region is assumed to grow at a significant rate in the market in the near period due to heightened patient awareness, untapped opportunities, expanding market penetration, and rapidly evolving healthcare infrastructure. As patients become more conscious of healthcare choices, coupled with underexplored sectors, increasing access, and robust medical facilities, the market gains momentum.
Recent Developments
- In August 2021, STRATA Skin Sciences, Inc. successfully acquired Ra Medical's U.S. dermatology business. This strategic move enables STRATA to promptly introduce its comprehensive business solution to Ra Medical's network of 400 dermatology practices, expanding its market presence and enhancing its offerings within the dermatology industry.
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The Prominent Key Players Operating in the Global Dermatology Devices Market Include:
- Bausch Health Companies Inc. (Canada)
- Cynosure Inc. (U.S.)
- Candela Medical. (U.S.)
- Avita Medical (U.S.)
- Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (China)
- Lutronic (South Korea)
- Beijing Toplaser Technology Co. Ltd. (China)
- Cynosure, LLC (U.S.)
- Solta Medical (U.S.)
- Cutera (U.S.)
- Candela Medical Ltd. (U.S.)
- Canfield Scientific, Inc. (U.S.)
- 3Gen Consulting (U.S)
- Image Derm, Inc. (U.S.)
- Agilent Technologies Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global dermatology devices market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Dermatology Devices Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
