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Dermatology Devices Market Report Scope & Overview:

The Dermatology Devices Market Size was valued at USD 8.94 billion in 2023, and is expected to reach USD 21.06 billion by 2031, and grow at a CAGR of 11.92% over the forecast period 2024-2031.

Devices for dermatology are used to treat skin conditions. Dermatology deals with serious skin problems, arrangements, decisions, illnesses, or concerns connected to cosmetic issues. Lasers, RF equipment, microdermabrasion tools, and other ancillary items are examples of dermatology devices. These tools are put in hospitals and dermatological offices to help medical professionals and non-medical practitioners identify skin cancer and treat skin problems.

Dermatology Devices Market Revenue Analysis

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MARKET DYNAMICS

DRIVERS

  • Skin conditions are becoming more common

  • More cosmetic procedures being performed

  • Advancements in technology

  • More money being spent on healthcare

RESTRAINTS

  • Medical devices are subject to strict regulatory policies.

  • Uncertainty and problems with reimbursement

OPPORTUNITIES

  • Economies in transition

CHALLENGES

  • The Dermatology Devices Market is being threatened by low-cost manufacturers' aggressive pricing strategies and the availability of low-cost alternatives.

IMPACT OF COVID-19

The development and expansion of the Dermatology Diagnostic Devices Market were interrupted by the coronavirus sickness. It led to numerous businesses closing down around the world for several months. This has considerably accelerated market growth and sparked a trend toward internet shopping. However, this element started to serve as a growth factor. Nevertheless, market opening and developments by industry participants will resume will further boost market expansion.

By Product type

The diagnostic and therapy segments of the dermatological device market are separated. During the projection period, the segment for treatment devices is anticipated to generate the largest revenue. This is explained by the increase in demand for dermatology tools that aid in disease management. Additionally, an increase in surgical operations using these dermatology devices would fuel market expansion over the next years. However, it is anticipated that diagnostic devices would account for sizable revenue shares in the dermatology devices market.

By Application type

The diagnosis of skin cancer, psoriasis, skin rejuvenation, and warts are the segments of the dermatological devices industry. Due to the rising incidence of skin cancer, which requires early diagnosis, the skin cancer diagnosis segment is expected to generate the most revenue during the projection period. The segment would also produce bigger revenue shares in the upcoming years thanks to expanding studies on skin cancer diagnosis for treating skin-related disorders.

By End user type

The hospitals, clinics, and other segments of the market for dermatology devices. Due to an increase in the number of outpatients who prefer clinics, it is predicted that the clinics category would generate the most income throughout the forecast period. In the coming years, the segment will also earn a sizeable market share because to the availability of experienced specialists for performing diagnostics and increasing investments made by specialty clinics to adopt cutting-edge product kinds.

KEY MARKET SEGMENTS

By Product type

  • Diagnostic Devices

    • Imaging devices

    • Dermatoscopes

    • Microscopes

  • Treatment Devices

    • Electrosurgery Devices

    • Cryotherapy Devices

    • Laser Devices

By Application type

  • Skin Cancer Diagnosis

  • Psoriasis

  • Skin Rejuvenation

  • Warts

By End user type

  • Hospitals

  • Clinics

Dermatology Devices Market Segmentation Analysis

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REGIONAL ANALYSIS

The dermatology device market is expected to be dominated by North America, with other regions following. Improvements in healthcare infrastructure, services provided to emerging nations, and an increase in public health awareness are just a few of the reasons why North America holds a higher market share. In North America as a whole, both developing and developed regions are expected to experience a rapid increase in demand for dermatology equipment in the future years.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

Some of the major key players are as Ambicare Health, 3Derm Systems Inc., Cuter Inc., Alma Lasers Ltd., Candela Corporation, Galderma S.A., V. Genentech Inc., Cynosure Inc., Michelson Diagnostics Ltd., Lumenis Ltd., Valeant Pharmaceuticals and other players.

Cuter Inc.-Company Financial Analysis

Company Landscape Analysis

Dermatology Devices Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 8.94 Billion
Market Size by 2031 US$ 21.06 Billion
CAGR CAGR of 11.92% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product type (Diagnostic Devices (Imaging devices, Dermato scopes, Microscopes), Treatment Devices (Electrosurgery Devices, Cryotherapy Devices, Laser Devices)
• By Application type (Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation, Warts)
• By End user type (Hospitals, Clinics)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Ambicare Health, 3Derm Systems Inc., Cuter Inc., Alma Lasers Ltd., Candela Corporation, Galderma S.A., V. Genentech Inc., Cynosure Inc., Michelson Diagnostics Ltd., Lumenis Ltd., Valeant Pharmaceuticals
Key Drivers • Skin conditions are becoming more common
• More cosmetic procedures being performed
RESTRAINTS • Medical devices are subject to strict regulatory policies.
• Uncertainty and problems with reimbursement

Frequently Asked Questions

Ans. The Dermatology Devices Market size was valued at US$ 7.99 billion in 2022.

Ans Medical devices are subject to strict regulatory policies, and Uncertainty and problems with reimbursement is the restraints of Dermatology devices Market.

Ans the impact of covid on Dermatology devices Market have a negative impact.

Ans. Ambicare Health, 3Derm Systems Inc., Cuter Inc., Alma Lasers Ltd., Candela Corporation, Galderma S.A., V. Genentech Inc. are the key players of the Dermatology devices Market

Ans. The Dermatology Devices Market is to grow at a CAGR of 11.8% over the forecast period 2023-2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Dermatology devices Market Segmentation, By Product type

8.1 Diagnostic Devices

8.1.1 Imaging devices

8.1.2 Dermatoscopes

8.1.3 Microscopes

8.2 Treatment Devices

8.2.1 Electrosurgery Devices

8.2.2 Cryotherapy Devices

8.2.3 Laser Devices

9. Dermatology devices Market Segmentation, By Application type

9.1 Skin Cancer Diagnosis

9.2 Psoriasis

9.3 Skin Rejuvenation

9.4 Warts

10. Dermatology devices Market Segmentation, By End user type

10.1 Hospitals

10.2 Clinics

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Ambicare Health

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 3Derm Systems Inc.

12.3 Cuter Inc.

12.4 Alma Lasers Ltd.

12.5 Candela Corporation

12.6 Galderma S.A.

12.7 V. Genentech Inc.

12.8 Cynosure Inc.

12.9 Michelson Diagnostics Ltd.

12.10 Lumenis Ltd.

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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