Dermatology Devices Market Size to Worth Around US$ 55.3 Billion by 2030

According to Vision Research Reports, the global Dermatology Devices market size is expected to be worth around US$ 55.3 billion by 2030.

The global Dermatology Devices market size was valued at US$ 21.8 billion in 2019 and is anticipated to grow at a CAGR of 20.1% during forecast period 2020 to 2030.

Report Highlights

• The treatment devices segment held the largest market share of about 79.4% in 2021 and is also expected to register the fastest CAGR over the forecast period.
• The hair removal treatment application segment held the largest market share of more than 15.4% in 2021, and will also register the fastest CAGR from 2022 to 2030.
• The hospitals segment held the largest market share of more than 54.24% in 2021 owing to the wide adoption of advanced dermatology equipment in hospital settings.
• In 2021, North America accounted for the largest revenue share of more than 43.2%.
• The regional market of Asia Pacific is estimated to register the fastest growth rate from 2022 to 2030.
• By product, the dermatology devices market was valued at USD 4.75 billion in 2021 and expected to witness growth at a CAGR of 11.65% from 2022 to 2030.

Immediate Delivery Available | Get the sample copy of report@ https://www.visionresearchreports.com/report/sample/35339

Increasing prevalence of skin cancer and other skin diseases contribute significantly to the high demand for dermatology devices. Furthermore, growing awareness of cosmetic procedures to improve aesthetic appeal and technological advancements in dermatology devices drive the adoption of these devices. Rise in disposable income is also considered as an important factor driving the market for dermatology devices.

Growth Factors

The product demand is expected to increase owing to rise in skin conditions and growing influence of social media.

Increasing incidences of skin disorders such as psoriasis, acne, eczema, and skin lesions across the globe is attributed to irregular lifestyle and food habits. Melanoma is the most deadly form of skin cancer which arises due to overexposure to the sun. Dermatology diagnostic equipment help in the early diagnosis of melanoma. High prevalence of this skin condition is anticipated to contribute to the market growth. For instance, in 2019, nearly 7,800 Canadians were estimated to be diagnosed with melanoma and nearly 1,300 Canadians were estimated to die due to melanoma.

Scope of the Report

Immediate Delivery Available | Buy this Premium Research Report@ https://www.visionresearchreports.com/report/cart/35339

Product Insights

The treatment devices segment held the largest market share of about 79.4% in 2021 and is also expected to register the fastest CAGR over the forecast period. This is mainly due to the availability of wide applications of dermatology treatment. In addition, the launch of novel technologies in the laser device category is attributed to the segment growth. The low market share for diagnostic devices can be attributed to lower awareness levels about various novel instruments. However, the rising prevalence of skin cancer is anticipated to drive segment growth in the future.

Among the treatment devices, laser products held the largest share in 2021 and will also record the fastest CAGR over the forecast period owing to the wide usage of laser products. Dermatoscopes dominated the diagnostic devices segment in 2021 due to the availability of advanced technologies. The skin cancer diagnosis is anticipated to show significant growth over the forecast period due to the rise in prevalence of the disease and increasing emphasis on early detection. Laser hair removal devices generated the maximum revenue share in 2021 owing to the huge benefits associated with these devices.

Application Insights

The hair removal treatment application segment held the largest market share of more than 15.4% in 2021, and will also register the fastest CAGR from 2022 to 2030. The treatment application segment is further segmented into 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, and others. Hair removal devices, particularly laser devices, have been proved to be safer for all skin tones and hair colors and facilitate less painful treatment procedures, thereby propelling the segment growth.

A rise in the demand for cosmetic laser treatments like tattoo removal, skin resurfacing, and skin tightening has significantly increased the adoption of dermatology devices in this segment. According to the International Society of Aesthetic Plastic Surgery, treatments like non-invasive fat reduction witnessed a 21.17% increase, laser hair removal witnessed a 76.19% increase, and photo rejuvenation had a 32.33% increase in 2020 as compared to 2019. This indicates that the demand for aesthetic treatments is increasing and this, in turn, will directly affect the adoption of technologically advanced and efficient dermatology devices, thereby propelling the market growth.

End-use Insights

The hospitals segment held the largest market share of more than 54.24% in 2021 owing to the wide adoption of advanced dermatology equipment in hospital settings. The availability of various treatment options in such facilities increases the number of visits for skin disease diagnosis and treatments, which, in turn, supports the segment growth. The clinics end-user segment is estimated to register the fastest CAGR from 2022 to 2030. Dermatology clinics are cosmetic and medical facilities that focus on the diagnosis and treatment of skin conditions. In dermatology clinics, both surgical and nonsurgical services are offered by certified plastic surgeons.

According to TripleTree, in 2020, there were 9,000 dermatology practices and 14,000 dermatologists in the U.S. Among the total number of practices, 34% were solo practices and 48% practices included three or more physicians. With the rising need for specialized dermatology treatments, patients tend to visit specialty dermatology clinics for rapid and effective service, which drives the segment growth. Moreover, the global rise in the prevalence of skin cancer and melanoma coupled with an increasing number of clinics offering dermatology services have led to an increase in the number of patients visiting dermatology clinics for treatment and care.

Regional Insights

In 2021, North America accounted for the largest revenue share of more than 43.2%. The regional market is projected to expand further at a steady CAGR, retaining the dominant position throughout the forecast period. The increasing prevalence of skin cancer and other skin diseases, such as eczema & rosacea, and the growing adoption of cosmetic procedures are some of the major factors contributing to the growth of the regional market. According to the CDC, Acne vulgaris affects 80% of the U.S. population at some time during their lives; 20% of them suffer from severe acne, which can result in permanent physical and mental scarring.

The regional market of Asia Pacific is estimated to register the fastest growth rate from 2022 to 2030. The rapidly growing medical tourism sector in the Asia Pacific due to the availability of affordable treatment options is expected to be the key factor boosting the regional market growth. In addition, a rise in the number of multinational companies investing in research & development in Asia Pacific has also proved to be an important factor driving the regional market. Rising beauty consciousness among consumers is further anticipated to drive the product demand, thereby fueling the regional market growth.

Key Players

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

Market Segmentation

Dermatology Devices Product Outlook

• Diagnostic Devices
  • Dermatoscopes
  • Microscopes
  • Other Imaging Devices
  • Biopsy Devices
• Treatment Devices
  • Light Therapy
  • Lasers
  • Electrosurgical Equipment
  • Liposuction
  • Microdermabrasion
  • Cryotherapy

Dermatology Devices Application Outlook

• Diagnostic Devices
  • Skin Cancer Diagnosis
  • Others
• 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

Dermatology Devices End-Use Outlook

• Hospitals
• Clinics
• Others

Dermatology Devices Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Click Here to View Full Report Table of Contents

Immediate Delivery Available | Buy this Premium Research Report@ https://www.visionresearchreports.com/report/cart/35339

You can place an order or ask any questions, please feel free to contact at sales@visionresearchreports.com | +1 9197 992 333