Dermatology Devices Market Worth $34.3 Billion By 2030: Grand View Research, Inc.

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28 Jul, 2022, 15:00 GMT

SAN FRANCISCO, July 28, 2022 /PRNewswire/ -- The global dermatology devices market is forecast to get boosted by USD 34.3 billion by 2030 at a CAGR of 11.9% from 2022 to 2030, as per the current report by Grand View Research, Inc. There has been an increase in the occurrence of skin cancer due to which the demand for dermatology devices has enhanced. Additionally, the factors like awareness in the population regarding technical developments in dermatology devices, high-income rate, and the need for maintaining a better physical appearance are driving the market growth during the forecast period.

Key Industry Insights & Findings from the report:

The presence of novel technology for laser treatment resulted in the treatment devices segment expanding at a high CAGR rate and the acquisition of 79% of the market share in 2021.
The application of hair treatment secured the highest CAGR rate because it is rendered safe for different hair colors and the treatment is painless. As a result, the segment accounted for a 15% share of the market revenue in 2021.
In 2021, the hospital segment acquired 54% of the market share because this segment is a center for the maximum conduction and diagnosis of skin diseases.
The use of dermatology devices is high in the U.S. as 20% of the population suffers from acne. Hence, North America acquired 43% of the market revenue in 2021 to become the highest regional market for dermatology devices.

Read 129-page full market research report for more Insights, "Dermatology Devices Market Size, Share & Trends Analysis Report By End Use (Clinics, Hospitals), By Product (Diagnostic Devices, Treatment Devices), By Application, By Region, And Segment Forecasts, 2022 - 2030, published by Grand View Research.

Dermatology Devices Market Growth & Trends

There is a rise in the occurrence of skin cancer cases, especially the spread of melanoma constitutes 1% of skin cancer and causes deaths. For instance, it has been recorded that approximately 10,130 population in the U.S die due to melanoma skin cancer according to the Skin Cancer Foundation. Additionally, the 2018 report of the American Cancer Society stated that were 91,270 new melanoma skin cancer cases in the region. Moreover, the American Cancer Society has recently stated that with the use of dermatology devices, 99,780 melanoma cancer cases will be diagnosed, thus increasing the demand for the product.

Besides the continuous development of the dermatology devices market, the COVID-19 situation created a barrier to its market growth. For instance, during the crisis period, dermatologists experienced the lack of tools such as personal protective equipment required for diagnosing the diseases. The lockdown restrictions initiated by governments across nations resulted in a gap in the supply chain system for transporting dermatology devices from manufacturers to diagnostic centers.

Despite the downfall, the dermatology devices market has started to get back to its original position owing to technological advancements, thus propelling the market growth. Presently, people have become conscious of skin rejuvenation and various skin treatments for the maintenance of aesthetic appearance. This has been possible with dermatology devices that are equipped with innovative technology, thereby increasing the product demand, and uplifting the market growth globally.

Dermatology Devices Market Segmentation

Grand View Research has segmented the dermatology devices market based on product, application, end-use, and region

Product Outlook (Revenue, USD Million, 2017-2030)

Diagnostic Devices

Dermatoscope
Microscopes
Other Imaging Devices
Biopsy Devices

Treatment Devices

Light Therapy Devices
Lasers
Electrosurgical Equipment
Liposuction Devices
Microdermabrasion Devices
Cryotherapy Devices

Application Outlook (Revenue, USD Million, 2017-2030)

Diagnostic Devices

Skin Cancer Diagnosis
Other

Treatment Devices

Hair Removal
Skin Rejuvenation
Acne, Psoriasis, and Tattoo Removal
Wrinkle Removal and Skin Resurfacing
Body Contouring and Fat Removal
Cellulite Reduction
Vascular and Pigmented Lesion Removal
Others

End-use Outlook (Revenue, USD Million, 2017-2030)

Hospitals
Clinics
Others

Regional Outlook (Revenue, USD Million, 2017-2030)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
The Netherlands
Belgium
Switzerland

Asia Pacific

Japan
China
India
Thailand
South Korea
Indonesia
Singapore
Malaysia
Australia
Philippines

Latin America

Brazil
Mexico
Argentina
Colombia
Chile

South Africa
Saudi Arabia
UAE
Israel
Turkey

List of Key Players in the Dermatology Devices Market

Alma Laser GmbH
Cynosure, Inc.
Solta Medical, Inc.
Cutera, Inc.
Syneron Medical Ltd.
Canfield Scientific, Inc.
3Gen
Aesthetic Group
Ambicare Health
Image Derm, Inc

Check out more related studies published by Grand View Research:

Dermatology Excimer Laser Market - The global dermatology excimer laser market size is expected to reach USD 955.5 million by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 10.0% over the forecast period. Dermatology excimer lasers are a novel form of targeted phototherapy that delivers a specific wavelength (308 nm) of monochromatic UVB radiation using an excimer laser or an excimer lamp. According to NCBI, excimer lasers have been proven effective in treating skin conditions like psoriasis, vitiligo, atopic dermatitis, alopecia area ta, allergic rhinitis, folliculitis, etc.
Dermatology CRO Market - The global dermatology CRO market size is expected to reach USD 7.04 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. The rise in demand for topical dermatological medications, such as anti-inflammatory agents, anti-infective, local anesthetics, cleansers, and emollients, to treat acne is a major factor driving the market. Furthermore, increased awareness regarding skin diseases, high demand for speedy diagnosis, and an increase in the prevalence of skin cancer and other skin problems are all driving the industry forward.
U.S. & Canada Skin Cancer Dermatology Market - The U.S. & Canada skin cancer dermatology market size is expected to reach USD 3,395.97 million By 2030, registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Technological advancements and increasing prevalence of skin cancer are anticipated to fuel the growth.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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