Dermatology Devices Market Forecast to 2030
The global dermatology devices market size is expected to reach USD 16.13 Billion at a steady revenue CAGR of 12.7% in 2030, according to the latest analysis by Emergen Research. One of the primary driving factors leading to increased revenue growth of this market is rising prevalence of skin disorders. Skin disorders are common across the globe, posing a considerable public health burden in both industrialized and developing countries. Acne vulgaris is the most frequently diagnosed lesion, affecting more than 80% of the world's population at some point in their lives, and 85% of teenagers in affluent countries. Eczema affects 31.6 million individuals (10.1%) in the United States, with frequency peaking during childhood. Rosacea is a prevalent yet under-diagnosed skin disorder that affects around 10% of the population. Rosacea is most common in fair-skinned Caucasians, although it can also afflict persons of Asian and African descent. Dermatologists use numerous technologies and equipment to undertake skin-related treatments. Only properly specialized equipment, particularly when treating exceedingly sensitive skin, can be utilized. As a result of the increasing frequency of skin illnesses worldwide, the market revenue growth of dermatology devices is also rising.
In order to better position themselves in the global Dermatology Devices Market, the Dermatology Devices Market study will offer readers, stakeholders, and enterprises detailed information about market size, revenue growth, and general market dynamics. Along with market segmentations based on things like product type, application, and regional bifurcation, it also includes comprehensive information on important considerations, limits, limitations, and problems.
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The global Dermatology Devices market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Dermatology Devices industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Alma Lasers, Cutera, Cynosure, Lumenis Be Ltd., Bausch Health Companies Inc., Bruker, ZEISS International, Genesis Biosystems, Inc., HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics Limited
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Some Key Highlights From the Report
- On 25 July 2022, TheraClearX, a non-invasive, in-office acne treatment that targets the underlying causes of mild to moderate acne, such as comedonal, pustular, and inflammatory acne vulgaris, has been commercialized in the United States by STRATA Skin Sciences, Inc., a healthcare technology company focused on developing, commercializing, and branding innovative products for the treatment of dermatologic conditions.
- The treatment devices segment is expected to account for the largest revenue share during the forecast period which is attributed to the accessibility of a wide range of dermatological treatment options and introduction of innovative laser device technologies. For example, Lumenis Ltd., the world's leading producer of energy-based medical devices for cosmetic, surgical, and ophthalmic applications, launched the NuEra Tight with FocalRF technology on 17 August 2020. The technology provides a breakthrough in personalized non-invasive RF body treatments that are tailored to each patient's exact demands, helping to drive market revenue growth.
- The diagnostic devices segment is expected to register a steady CAGR during the forecast period. It is further sub-segmented into skin cancer diagnosis and others. Given the rise in skin cancer prevalence, the sub-segment of skin cancer diagnosis has the largest revenue share. Furthermore, new research and development on skin cancer diagnostics is driving market revenue growth. For example, roughly 3.3 million individuals in the United States are diagnosed with basal and squamous cell carcinomas each year. URSKIN is a device created by researchers at Huntsman Cancer Institute (HCI) and the University of Utah that employs a technology known as non-visual electrical impedance demography to exploit changes in the electrical properties of skin that occur during cancer cell proliferation (EID).
- Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed primarily to rising frequency of skin cancer and other skin conditions such as atopic dermatitis and psoriasis, as well as widespread awareness of cosmetic operations. Acne, for example, is the most common skin condition in the United States, affecting up to 50 million individuals each year. Acne affects around 85 percent of individuals between the ages of 12 and 24. According to recent studies, about 8 million individuals in the United States suffer from psoriasis. As a result, the region's expanding prevalence of skin disorders is rising demand for dermatological devices.
Market Overview:
The report bifurcates the Dermatology Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Diagnostic Devices
- Treatment Devices
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Diagnostic Devices
- Treatment Devices
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Hospitals
- Clinics
- Others
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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