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.
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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.
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.
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
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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
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.
| 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 |
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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