The global dermatology devices market size was USD 13.9 Bn in 2022 and is likely to reach USD 36.85 Bn by 2031, expanding at a CAGR of 12.2% during 2023–2031. The market growth is attributed to the increasing prevalence of melanoma and non-melanoma skin cancer and other skin diseases.
Dermatology devices are instruments that are used in the diagnosis, treatment, and surgical procedures of various skin diseases, such as skin biopsy, topical chemotherapy, photodynamic therapy, and cryosurgery. Rapid technological advancements have enabled the substitution of the traditional surgical approach with dermatology devices to avoid unsightly scars from surgeries and therapies.
Aesthetic procedures are rapidly gaining popularity, which contributes to the market expansion. Common aesthetic surgical procedures include breast augmentation, liposuction, rhinoplasty, eyelid surgery, and abdominoplasty. Non-surgical procedures include skin tightening, hair removal, and fat removal. These surgeries enhance the appearance of the face and body.
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According to the global survey of the International Society of Aesthetic Plastic Surgery (ISAPS) held in 2021, the number of total surgical and non-surgical procedures increased by 19.3%, which dropped by -1.8% in all procedures and -10.9% in surgical procedures during the COVID-19 pandemic.
The COVID-19 pandemic hampered the global market. The market growth declined drastically, due to the reduction in dermatology activities and disruption in supply chain management of the overall medical devices industry. Moreover, preventive measures imposed by governments, such as social distancing, encouraged dermatologists to postpone aesthetic procedures, which decreased the demand for dermatology devices.
Dermatology Devices Market Dynamics
Major Drivers
Increasing prevalence of skin cancer is expected to boost the demand for dermatology devices for diagnosis and treatment procedures. Skin cancer is fatal if not treated on time.
Rising demandfor aesthetic procedures, such as skin tightening, anti-wrinkle treatment, liposuction, and breast augmentation is projected to drive the market. Devices such as awls, gouges, mallets, derma sensors, and dermal cutters are used in aesthetic procedures. These devices play a crucial role in identifying skin lesions and removing unwanted blemishes on the skin. Furthermore, a rapid increase in the number of non-surgical procedures, such as hair removal and fat reduction, boosts the demand for medical aesthetic devices.
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As per the survey on aesthetic/cosmetics procedures performed in 2021 by the International Society of Aesthetic Plastic Surgery, a total of 12,840,688surgical procedures were performed worldwide, including breast augmentation (1,685,471), liposuction (1,903,063), and eyelid surgery (1,446,890).The number of non-surgical procedures increased by 54.4%in the last four years.
Existing Restraints
Increasing issues related to aesthetic treatment is anticipated to hinder the market. Anesthesia-related complications, such as nausea and vomiting associated with the aesthetic procedures, restrain the market growth. Furthermore, it increases the risk of organ damage, pigment changes, skin irritation, and infection, which demotivates consumers to undergo plastic surgery.
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According to the report published by iCliniq on May 24, 2023, plastic surgery is expected to cause blood clots, skin infections, damage to the nerves, scarring, and bleeding.
Aesthetic procedures are costly and not everyone can avail of them, which slows down revenue generation in the market. Moreover, strict regulatory guidelines associated with the use of dermatological devices and mandatory requirements for manufacturers to fulfill various quality standards limit product clearance, impeding the market growth.
Emerging Opportunities
Increasingdemand for minimally invasive and non-invasive aesthetic procedures creates a lucrative opportunity in the global market. Aesthetic lasers are used in aesthetic procedures, such as acne, psoriasis, tattoo removal, skin resurfacing, and wrinkle removal. Moreover, the rapidly growing geriatric population is likely to contribute to the market expansion.
Technological advancements in dermatology devices are anticipated to offer immense opportunities for the key players competing in the market. Laser-based and artificial intelligence (AI) powered devices are gaining popularity, due to their enhanced quality. For instance, in December 2021, Obagi launched Skintrinsiq, an AI-driven tool that analyzes skin and recommends personalized skincare solutions. This powerful tool infuses active ingredients into the deep layers of the skinand extracts impurities.
Scope of the Dermatology Devices Market Report
The market report includes an assessment of the trends, market, segments, and regional markets. Overview and dynamics have also been included in the report
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Attributes
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Details
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Report Title
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Dermatology Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product(Treatment Devices and Diagnostic Devices), Application (Skin Cancer Diagnosis, Vascular Lesions, Fat Removal, Cellulite Reduction, Acne, Psoriasis, Body Contouring, Tattoo Removal, Hair Removal, Wrinkle Removal, Skin Rejuvenation, and Others), and End-user (Hospitals, Clinics, Research Institutes, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Alma Lasers; Sisram Medical Ltd; Cynosure, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Solta Medical, Inc.; Cutera, Inc.; Aesthetic Group; Ambicare Health; and Image Derm, Inc.
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Market Segment Insights
Product Segment Analysis
Based on product, the dermatology devices market is bifurcated into treatment devices and diagnostic devices. The treatment devices segment dominated the market in 2021 and is projected to expand at a considerable CAGR during the forecast period, due to the increasing adoption of laser devices. Laser devices are widely utilized for wrinkle removal, skin rejuvenation, hair removal, tattoo removal, and stretch marks removal. Moreover, the launch of technologies in laser devices and the growing trend of facial treatment are likely to boost the market.
The diagnostic devices segment is anticipated to grow at a rapid pace during the forecast period, owing to the rising prevalence of skin cancer. Diagnostic devices diagnose skin ailments and offer enhanced accuracy in improving treatment efficacy. These devices are used for visual examination and observation of the skin, which assists in identifying the disease and specifying treatment plans.
Application Segment Analysis
On the basis of application, the global market is segregated into skin cancer diagnosis, vascular lesions, fat removal, cellulite reduction, acne, psoriasis, body contouring ,tattoo removal, hair removal, wrinkle removal, skin rejuvenation, and others. The skin cancer diagnosis segment held a large market share in 2022 and is projected to expand at a robust growth rate in the coming years, due to the increasing incidence of skin cancer across the globe.
Skin cancer needs early diagnosis. If skin cancer is detected at an early stage, it is treated with laser therapy, which reduces the need for surgical procedures. Rising prevalence of melanoma is likely to fuel the segment.
The wrinkle removal segment is expected to grow at a significant pace during the forecast period, owing to the rising concerns associated with age-related skin disorders among the geriatric population. Dermatology devices, such as topical retinoids, are safe and effective ways to eliminate unwanted facial lines and deep wrinkles. It offers smooth skin and reduces the appearance of wrinkles. The segment growth is further attributed to the increasing demand for anti-aging technology and the growing burden of the aging population.
End-user Segment Analysis
In terms of end-user, the dermatology devices market is categorized into hospitals, clinics, research institutes, and others. The hospitals segment accounted for a major market share in 2022 and is expected to expand at a significant CAGR in the coming years, due to the wide availability of advanced technology in hospitals. Hospitals offer a wide range of treatment options, which further increases patient visits to diagnose and treat skin diseases.
The clinics segment is anticipated to grow at a rapid pace during the forecast period, owing to the rising demand for personalized dermatology treatments. Clinics offer both surgical and non-surgical cosmetic procedures by certified surgeons. Moreover, the rising preference for outpatient care, due to the rising disposable income of consumers, propels the segment.
Regional Outlook
Based on region, the global dermatology devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a large market share in 2022 and is projected to dominate the market in the coming years, due tothe increasing prevalence of skin cancer and the growing adoption of cosmetic surgeries. Moreover, the increasing incidence of skin diseases such as acne, alopecia area and ichthyosis is propelling the market.
The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to the increasing investment in R&D and growing medical tourism. Moreover, the wide availability of skin treatment options at an affordable cost is likely to fuel the market in the region.
Segments
The dermatology devices market has been segmented on the basis of
Product
- Treatment devices
- Diagnostic devices
Application
- Skin cancer
- Vascular lesions
- Acne
- Psoriasis
- Wrinkle removal
- Skin rejuvenation
- Body contouring
- Fat removal
- Cellulite reduction
- Tattoo removal
- Hair removal
- Others
End-user
- Hospitals
- Clinics
- Research Institutes
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alma Lasers
- Sisram Medical Ltd
- Cynosure, Inc
- Syneron Medical Ltd
- Canfield Scientific, Inc
- 3Gen
- Solta Medical, Inc
- Cutera, Inc
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc
Competitive Landscape
Key players competing in the global dermatology devices market are Alma Lasers; Sisram Medical Ltd; Cynosure, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Solta Medical, Inc.; Cutera, Inc.; Aesthetic Group; Ambicare Health; and Image Derm, Inc.
These companies adopted various development strategies, including collaborations, partnerships, product launches, mergers, acquisitions, and production expansion to expand their consumer base worldwide. For instance,
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On January 23, 2023, Canfield released VECTRA H2, the new edition in the VECTRA system. It provides advanced 3D imaging solution for dermatologists and plastic surgeons in aesthetics, reconstruction, and research.
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On June 1, 2022, Cynosure introduced the PicoSure Pro device. This device produces energy in a trillionth of a second, employing pressure instead of heat to provide a safe and efficient solution for skin renewal and pigmentation.
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On March 25, 2022,Sisram Medical Ltdlaunched Alma TEDTM and CBD+Professional skincare solution in the US. Alma TEDTM is an ultrasound-based system, which provides a non-invasive and non-traumatic option to treat hair loss.
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