Dermatology Devices Market Report

Dermatology Devices Market Report, By Product (Diagnostic Devices, Treatment Devices), Application, End Users and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11390 | Publish Date : Upcoming | Industry : Healthcare | Geography : Global


COVID-19 IMPACT ANALYSIS ON GLOBAL DERMATOLOGY DEVICES MARKET

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global dermatology Devices market. In addition, complete analysis of changes on the global dermatology Devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. 

MARKET OVERVIEW- GLOBAL DERMATOLOGY DEVICES MARKET

MARKET DRIVERS 

The increasing prevalence of skin cancer and other skin diseases contributes significantly to the high demand for products. Additionally, people's growing awareness of aesthetic appeal and technological advancements in dermatological devices is dramatically increasing the acceptance of these devices. An increase in disposable income is also considered to be one of the important factors for market growth. The prevalence of melanoma and non-melanoma skin cancers is increasing dramatically. Over the past decade, the preference for minimally invasive and non-invasive cosmetic procedures over traditional surgical procedures has increased dramatically. Minimally invasive / non-surgical alternatives offer numerous benefits over traditional surgical procedures, such as less pain, less scarring, and faster recovery. These procedures are also cheaper than traditional surgical procedures.

MARKET OPPORTUNITIES

The market is expected to have new opportunity with the technological advancements & ongoing R&D activities involved in manufacturing dermatology devices is expected to provide ample of new growth opportunities for the market during the forecast period. There has been a latent shift from the use of traditional products to technologically advanced devices that help better diagnose and treat various skin diseases, as well as improve overall appearance. Thus, the introduction of technologically advanced non-invasive laser therapies has led to a high demand for dermatological devices and this factor is expected to provide rising new growth opportunities for the market over the forecast period. 

MARKET RESTRAINTS

However, there have been complaints of AHU units causing burns and blisters. Some people have been burned after falling asleep with the device on, while others have been burned due to damaged cables or corrosion of gadgets. Although less harmful to the eyes than regular lasers, red light therapy may require the use of eye protection. These problems is expected to hinder the adoption of dermatological treatments. These are the factors which is expected to restrain the market growth over the forecast period. 

MARKET GROWTH CHALLENGES

The Covid-19 pandemic hampered the growth of market to major extent due to limited operations of manufacturing, and disruption in the supply chain which has created a major challenges for the market growth. Also, lack of skilled work force and low awareness for new devices is expected to be major hampering for the market growth over the forecast the period. 

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global dermatology devices market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various dermatology devices in various applications has led the increasing demand for  market and is expected to witness the growth at a specific CAGR from 2021-2028.

DERMATOLOGY DEVICES MARKET SEGMENTAL OVERVIEW

The global dermatology devices market comprises of different market segment like product, application, end users and geography. 

DERMATOLOGY DEVICES MARKET BY PRODUCT

By product, the dermatology devices market includes the key segments of 

  • Diagnostic Devices
  • Treatment Devices

The diagnostic devices segment is further sub-segmented into skin cancer diagnosis, imaging devices and microscopes. The treatment devices segment is further sub-segmented into electrosurgery devices, cryotherapy devices, laser devices, light therapy devices, liposuction devices and microdermabrasion devices. The treatment device segment is expected to generate the highest revenue over the forecast period. This is attributed to the growing demand for dermatological devices that help treat disease. 

DERMATOLOGY DEVICES MARKET BY MODE OF APPLICATION

The dermatology devices market has major applications in 

  • Skin Cancer Diagnosis
  • Psoriasis
  • Skin Rejuvenation
  • Warts
  • Hair Removal
  • Wrinkle Removal and Skin Resurfacing
  • Body Contouring and Fat Removal
  • Cellulite Reduction
  • Vascular and Pigmented Lesion Removal
  • Others

The skin cancer diagnosis segment is expected to achieve the highest growth during the forecast period, due to the increase in skin cancer cases, which require early diagnosis. Additionally, growing research into skin cancer diagnosis for the treatment of skin-related conditions would help the segment generate more revenue in the coming years. Hair removal devices, especially laser devices, have been shown to be safer for all skin tones and hair colours and facilitate less painful treatment procedures, fuelling segment growth.

DERMATOLOGY DEVICES MARKET BY END USERS

The Dermatology Devices market has major end users like 

  • Hospitals 
  • Clinics
  • Others

The hospital segment is expected to hold the largest market share owing to the wide adoption of advanced dermatological devices in hospital environments. The availability of various treatment options in these facilities increases the number of visits to diagnose and treat skin diseases, which in turn supports the growth of the segment. The clinics segment is estimated to have the fastest growth rate over the forecast period. Dermatology clinics are cosmetic and medical institutions that focus on the diagnosis and treatment of skin conditions. 

DERMATOLOGY DEVICES MARKET BY GEOGRAPHY

The global Dermatology Devices market is studied for the following region 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the world (RoW)

North America is anticipated to witness highest growth over the forecast period. The increasing prevalence of skin cancer and other skin diseases, such as eczema and rosacea, and the increasing adoption of cosmetic procedures are some of the main factors contributing to the growth of the regional market.

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of dermatology devices market is majorly focused on expanding the global growth of dermatology devices with new product innovation, business expansion, increasing presence of range of manufacturer operating in dermatology devices has led the growing demand for the market.  Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.  

The key players studied in market are 

  • Alma Lasers, Ltd.
  • Lumenis, Ltd
  • Cynosure, Inc.
  • Bruker Corporation
  • Solta Medical, Inc.
  • Olympus Corporation 
  • Cutera, Inc.
  • Carl Zeiss
  • Syneron Medical Ltd.
  • Michelson Diagnostics Ltd.
  • Canfield Scientific, Inc.
  • 3Gen
  • HEINE Optotechnik GmbH & Co. KG 
  • Aesthetic Group
  • Ambicare Health
  • Image Derm, Inc.
  • Beijing Toplaser Technology Co. Ltd. 

RECENT DEVELOPMENT:

March 2022: Candela had announced a collaboration with The Vascular Birthmarks Foundation, and this collaboration had enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan.

August 2021: STRATA Skin Sciences, Inc. had completed the acquisition of the U.S. dermatology business of Ra Medical. This acquisition had provided STRATA an opportunity to immediately market its full business solution to Ra Medical’s existing customer base of 400 dermatology practices.

SCOPE OF THE REPORT:

Market Sizing for Year:
2021-2028
Base Year:
2021
Forecast Period:
2022-2028
Value:
USD million
Market Segment studied:

Product

Application

End Users

Geography
Market Players and its Competitors:

Alma Lasers, Ltd. (Israel)

Lumenis, Ltd (Israel)

Cynosure, Inc. (US)

Bruker Corporation (US)

Solta Medical, Inc. (US)

Olympus Corporation (Japan)

Cutera, Inc. (US)

Carl Zeiss (Germany)

Syneron Medical Ltd. (US)

Michelson Diagnostics Ltd. (UK)

Canfield Scientific, Inc. (US)

3Gen (India)

HEINE Optotechnik GmbH & Co. KG (Germany)

Aesthetic Group (France)

Ambicare Health (UK)

Image Derm, Inc. (US)

Beijing Toplaser Technology Co. Ltd. (China)


FREQUENTLY ASKED QUESTIONS

What would be forecast period in the market report?

2022-2028 is the forecast period in the market report.

Which is the leading application segment for Dermatology Devices market?

The skin cancer diagnosis has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

Which region is gaining majority of market share during the forecast period (2022-2028)?

North America is expected to gain major market share during the forecast period (2022-2028).