Dermatology Devices Market Value By Product Type (Diagnostic Devices, Treatment Devices), By Application (Warts, Skin Cancer Diagnosis, Skin Rejuvenation, Psoriasis), By Region - Industry Statistics & Forecast, 2023 – 2032

Market Overview:

• Dermatology Devices Market size surpassed USD 5.9 Billion in 2022.
• The industry is projected to showcase a CAGR of over 11.5% from 2023 to 2032. 
• By 2032, the market revenue is expected to reach a valuation of around USD 18.5 Billion.
• North America region will account 36% share of the global industry. 
• In 2022, the hospital segment hold 52% revenue share.

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Dermatology devices are specialized medical equipment used to diagnose and treat skin conditions. These devices include tools for imaging, such as dermoscopes and cameras, as well as devices for ablative and non-ablative skin treatments, such as lasers, intense pulsed light (IPL) machines, and radiofrequency devices. Dermatology devices are used in various settings, including hospitals, clinics, and medical spas, to address a range of skin concerns, from acne and pigmentation to wrinkles and skin cancer. Advances in technology have led to the development of new and innovative dermatology devices that provide more effective and minimally invasive treatments for patients.

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Growth Factors: 

Increasing Prevalence of Skin Disorders: Skin disorders such as acne, psoriasis, and eczema affect a significant portion of the global population. The rising incidence of these conditions has created a growing demand for dermatology devices that can accurately diagnose and effectively treat these disorders.

Technological Advancements: Advances in technology have led to the development of new and innovative dermatology devices that offer more effective and minimally invasive treatments. For instance, the use of laser technology has revolutionized the treatment of various skin conditions, allowing for precise targeting of specific areas of the skin without causing damage to surrounding tissues.

Growing Awareness about Non-Invasive Cosmetic Procedures: As more people seek to enhance their appearance, there has been a rising demand for non-invasive cosmetic procedures. Dermatology devices such as IPL machines and radiofrequency devices provide effective and minimally invasive alternatives to traditional surgical procedures, driving the growth of the market.

By End User Synopsys:      

In 2022, the hospitals segment dominated the dermatology devices market with over 52% market share due to the widespread adoption of advanced dermatology equipment in hospital settings. This is mainly because hospitals offer a wide range of treatment options for skin conditions, leading to an increase in the number of visits for skin disease diagnosis and treatment. As a result, this segment is expected to grow at a steady pace. Meanwhile, the clinics end-user segment is projected to witness the fastest growth rate from 2022 to 2032. Dermatology clinics are specialized facilities that offer both surgical and non-surgical services for the diagnosis and treatment of skin conditions, and are typically staffed with certified plastic surgeons.

Regional Overview:

North America is the largest market for dermatology devices, accounting for the 36% share due to factors such as a large patient population suffering from skin disorders, high disposable income, and widespread adoption of advanced dermatology equipment in hospitals and clinics. The United States is the largest contributor to the North American market, owing to factors such as favorable reimbursement policies, increasing investments in R&D, and a large patient pool.

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The Asia Pacific region is expected to witness significant growth in the dermatology devices industry owing to factors such as a large patient population, increasing awareness about skin health, and rising disposable income. The market is also being driven by the increasing demand for home-based devices and the presence of a large number of dermatology clinics and hospitals in the region.

Key Development:

• In 2022, Clayton, Dubilier & Rice has teamed up with Cynosure, Inc. and revealed that they are the primary investor in a fresh investment round of $60 million.
   
• In 2022, through a partnership between Candela, The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, and Laserplast, over 30 patients from 13 different countries who met the necessary criteria were able to receive complimentary laser therapy in Milan.

Top companies includes in the global dermatology devices landscape:

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

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In-depth analysis of dermatology devices market along with industry coverage and forecasting for the following segments:

Market Size, By Product Type

• Diagnostic Devices
  • Dermatoscopes
  • Imaging devices
  • Microscopes
• Treatment Devices
  • Cryotherapy Devices
  • Electrosurgery Devices
  • Laser Devices 

Market Size, By Application

• Warts 
• Skin Cancer Diagnosis
• Skin Rejuvenation
• Psoriasis

Market Size, By End User

• Hospitals
• Clinics
• Others

Market Size, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America