Dermatology Devices Market Size & Share, by Product (Diagnostic Device, Therapeutic Devices); Application (Diagnostic Device, Treatment Device); End-user (Hospitals, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2031

  • Report ID: 4674
  • Published Date: Jan 21, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview 
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers and Distributors
      3. End-Users
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary – Global Dermatological Devices Market
  5. Analysis on Market Dynamics
  6. Regulatory & Standards Landscape
  7. Value Chain Analysis
  8. Porter’s Five Forces Analysis
  9. Impact of COVID-19 on the Market
  10. Competitive Positioning
  11. Competitive Landscape
    1. Market Share Analysis, 2021
    2. Competitive Benchmarking
      1. Canfield Scientific, Inc.
        1. Detailed Overview
        2. Assessment of Key Offering
        3. Analysis on Growth Strategies
        4. Exhaustive Analysis on Key Financial Indicators
        5. Recent Developments
      2. DermLite
      3. Aerolase
      4. HEINE Optotechnik GmbH & Co. KG
      5. Image Derm Inc.
      6. Cutera Inc.
      7. Solta Medical
      8. Cynosure
      9. Alma Lasers
      10. Candella Corporation.
  12. Global Dermatological Devices Market, 2017-2031
    1. Market Overview
    2. Market by Value (USD million)
    3. Global Dermatological Devices Market– Segmentation Analysis, 2017-2031
      1. By Product
        1. Diagnostic Device, 2017-2031F (USD million)
          1. Dermatoscope, 2017-2031F (USD million)
          2. Biopsy Devices, 2017-2031F (USD million)
          3. Microscopes, 2017-2031F (USD million)
        2. Therapeutic Devices, 2017-2031F (USD million)
          1. Lasers, 2017-2031F (USD million)
          2. Electrosurgical Device, 2017-2031F (USD million)
          3. Phototherapy Devices, 2017-2031F (USD million)
          4. Microdermabrasion Devices, 2017-2031F (USD million)
          5. Liposuction Devices, 2017-2031F (USD million)
          6. Cryotherapy Devices, 2017-2031F (USD million)
      2. By Application
        1. Diagnostic Device, 2017-2031F (USD million)
          1. Skin Cancer Diagnosis, 2017-2031F (USD million)
          2. Other Diagnostic Application, 2017-2031F (USD million)
        2. Treatment Devices
          1. Cellulite Reduction, 2017-2031F (USD million)
          2. Hair Removal Acne, Psoriasis & Tattoo Removal, 2017-2031F (USD million)
          3. Body Contouring & Fat Removal, 2017-2031F (USD million)
          4. Skin Rejuvenation, 2017-2031F (USD million)
          5. Wrinkle Removal & Skin Resurfacing, 2017-2031F (USD million)
          6. Vascular & Pigment Lesion Removal, 2017-2031F (USD million)
          7. Other, 2017-2031F (USD million)
      3. By End-use
        1. Hospitals, 2017-2031F (USD million)
        2. Clinics, 2017-2031F (USD million)
        3. Others, 2017-2031F (USD million)
      4. By Region
        1. North America, 2017-2031F (USD million)
        2. Latin America, 2017-2031F (USD million)
        3. Europe, 2017-2031F (USD million)
        4. Asia Pacific, 2017-2031F (USD million)
        5. Middle East & Africa, 2017-2031F (USD million)
  13. North America Dermatological Devices Market Outlook
    1. Market Overview
    2. Market by Value (USD million)
    3. By Product
      1. Diagnostic Device, 2017-2031F (USD million)
        1. Dermatoscope, 2017-2031F (USD million)
        2. Biopsy Devices, 2017-2031F (USD million)
        3. Microscopes, 2017-2031F (USD million)
      2. Therapeutic Devices, 2017-2031F (USD million)
        1. Lasers, 2017-2031F (USD million)
        2. Electrosurgical Device, 2017-2031F (USD million)
        3. Phototherapy Devices, 2017-2031F (USD million)
        4. Microdermabrasion Devices, 2017-2031F (USD million)
        5. Liposuction Devices, 2017-2031F (USD million)
        6. Cryotherapy Devices, 2017-2031F (USD million)
      3. By Application
        1. Diagnostic Device, 2017-2031F (USD million)
          1. Skin Cancer Diagnosis, 2017-2031F (USD million)
          2. Other Diagnostic Application, 2017-2031F (USD million)
        2. Treatment Devices
          1. Cellulite Reduction, 2017-2031F (USD million)
          2. Hair Removal Acne, Psoriasis & Tattoo Removal, 2017-2031F (USD million)
          3. Body Contouring & Fat Removal, 2017-2031F (USD million)
          4. Skin Rejuvenation, 2017-2031F (USD million)
          5. Wrinkle Removal & Skin Resurfacing, 2017-2031F (USD million)
          6. Vascular & Pigment Lesion Removal, 2017-2031F (USD million)
          7. Other, 2017-2031F (USD million)
      4. By End-use
        1. Hospitals, 2017-2031F (USD million)
        2. Clinics, 2017-2031F (USD million)
        3. Others, 2017-2031F (USD million)
      5. By Region
        1. US, 2017-2031F (USD million)
        2. Canada, 2017-2031F (USD million)
  14.  Europe Dermatological Devices Market Outlook
    1. Market Overview
    2. Market by Value (USD million)
      1. By Product
      2. By Application
      3. By End Use
      4. By Country
        1. Germany, 2017-2031F (USD million)
        2. France, 2017-2031F (USD million)
        3. Italy, 2017-2031F (USD million)
        4. Spain, 2017-2031F (USD million)
        5. UK, 2017-2031F (USD million)
        6. Rest of Europe, 2017-2031F (USD million)
  15. Asia Pacific Dermatological Devices Market Outlook
    1. Market Overview
    2. Market by Value (USD million)
      1. By Product
      2. By Application
      3. By End Use
      4. By Country
        1. India, 2017-2031F (USD million)
        2. China, 2017-2031F (USD million)
        3. Japan, 2017-2031F (USD million)
        4. South Korea, 2017-2031F (USD million)
        5. Singapore, 2017-2031F (USD million)
        6. Rest of APAC, 2017-2031F (USD million)
  16. Latin America Dermatological Devices Market Outlook
    1. Market Overview
    2. Market by Value (USD million)
      1. By Product
      2. By Application
      3. By End Use
      4. By Country
        1. Brazil, 2017-2031F (USD million)
        2. Mexico, 2017-2031F (USD million)
        3. Argentina, 2017-2031F (USD million)
        4. Rest of LATAM, 2017-2031F (USD million)
  17. Middle East & Africa Dermatological Devices Market Outlook
    1. Market Overview
    2. Market by Value (USD million)
      1. By Product
      2. By Application
      3. By End Use
      4. By Country
        1. Saudi Arabia, 2017-2031F (USD million)
        2. UAE, 2017-2031F (USD million)
        3. Rest of MEA, 2017-2031F (USD million)

 

Global Market Size, Forecast, and Trend Highlights Over 2023-2031

Dermatology Devices Market size is poised to cross USD 21.65 Billion by the end of 2031, witnessing around 11.1% CAGR during the forecast period, i.e., 2022-2031. In the year 2017, the industry size of dermatology devices was USD 6.01 Billion. The growth of the market can be attributed to the increasing count of people suffering from hair loss problems and skin issues. Hair loss has been a common problem among people, the occurrence of problems is associated with unhealthy food habits, pollution, stress, and others. hair loss problems can be pseudo-treated by microblading and can be permanently treated by micro grafting. These procedures are likely to boost the demand for dermatological devices. About 80% of Americans experience hair loss, while 15% of women experience acne outbreaks, according to the American Academy of Dermatology Association.

In addition to these, factors that are believed to fuel the market growth of the dermatology devices market include the increased prevalence of skin procedures, including microneedling and dermabrasion, owing to its lesser invasion, higher effectiveness and quick process. The National Library of Medicine claims that microneedling increases the delivery of drugs through the skin's physical barriers. Evidently, this has led to a 47% enlargement of the follicular infundibulum, which helps to further boost the flow of medication through the skin barrier. In addition, around 3 million treatments involving tissue fillers were carried out globally in 2020. Additionally, nearly 140,000 dermabrasion treatments were performed globally.


Dermatology Devices Market
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Dermatology Devices Sector: Growth Drivers and Challenges

Growth Drivers

  • Higher Number of People Living with Acnes and Skin Problems - Acne and other skin issues are treated with laser therapy and light therapies. Moreover, there are other devices such as anti-blemish devices, facial devices, and others to treat acne. Therefore, the rising problem of acne is boosting the demand for dermatological device. The prevalence of Acne Vulgaris, a skin disorder marked by blemishes and deep scars, is 50.9% in women aged 20 to 29 and 26.3% in those aged 40 to 49, as per the statistics of the NIH.
  • Rise in the Skin Tightening and Rejuvenation Process - There are various cosmetic treatments that can be performed for skin rejuvenation and skin tightening, Moreover, devices such as dermabrasion ion therapy devices, thermage systems, and others are used for these skin-enhancing procedures. The number of non-surgical procedures, such as derma fillers, skin tightening, skin treatments, and others has increased by over 48% in 2021.
  • Launch of Technologically Advanced Dermatological Devices - Innovation of better devices and improvement of technology always create huge opportunities for the dermatology devices market. For instance, in 2021, Casio Computer Co., Ltd. launched the DZ-D100 DERMOCAMERA, which enables the lens to directly touch the skin and get close-up shots of the affected area along with ordinary shots, and it can be all done with the use of a single camera.
  • Growing Popularity of Med Spas - As of 2017, there were around 4200 med spas in the United States, and the industry was worth USD 4 billion. Moreover, by the end of 2023, there will be nearly 10,000 med spas which are likely to reach a value of around USD 2o billion.
  • Increasing Count of Professional Dermatologist - The higher number of dermatologists will be able to treat a larger pool of patients, which in turn is to boost the demand for dermatological devices. In the United States, there were around 3700 dermatologists practicing.

Challenges

  • Risk and Discomfort Associated with Plastic Surgery – Plastic surgery are associated with various severe side effects, including seroma, blood loss, scarring, hematoma, never infection, and deep vein thrombosis. Many people fail to achieve their desired look which leads to disappointment. Moreover, in liposuction surgery, several slits are made, which can be very stressful for the internal organs of the body. in some unfortunate cases, if any perforation reaches an internal organ, it can puncture them and can even lead to death.
  • Charges for Cosmetic Treatment Are Exorbitant
  • Poor Reimbursement Policies for Cosmetic Treatment

Dermatology Devices Market: Key Insights

Base Year

2017

Forecast Year

2022-2031

CAGR

11.1%

Base Year Market Size (2017)

USD 6.01 Billion

Forecast Year Market Size (2031)

USD 21.65 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Dermatology Devices Segmentation

Product (Diagnostic Device, Therapeutic Devices)

The global dermatology devices market is segmented and analyzed for demand and supply by product into a diagnostic device, and therapeutic device. Out of the two types of products, the therapeutic device segment is estimated to gain the largest market revenue at the end of 2031, by growing at a CAGR of USD 11.2% over the projected time frame. In addition to this, the segment generated a revenue of USD 6515.8 Million in the year 2022. The growth of the segment can be attributed to the higher usage of liposuction therapy. The rising obsession of people to achieve an appealing look and to reduce unnecessary fat from their bodies has increased the popularity of liposuction. In 2020, around 300,000 liposuction procedures were carried out in America, making it the most popular cosmetic surgery. On the other hand, other therapeutic devices, such as cryotherapy devices are used in the treatment of skin cancer. Therefore, rising cases of cancer are expected to augment segment growth. In the United States, every day around 9500 people get diagnosed with skin cancer, making it the most common cancer in the U.S. Furthermore, the therapeutic device segment is categorized into lasers, electrosurgical devices, phototherapy devices, microdermabras ion devices, liposuction devices, and cryotherapy devices. Amongst these, the lasers segment is projected to garner the largest revenue of USD 6668.5 Million by the end of 2031.

Application (Diagnostic Device, Treatment Device)

The global dermatology devices market is also segmented and analyzed for demand and supply by application into diagnostic device and treatment device. Out of the two, the treatment device is to garner the maximum revenue at the end of 2031 by growing at a CAGR of 11.2% over the forecast period. Moreover, the segment generated significant revenue in the years 2017 and 2022. The treatment device segment is further fragmented into cellulite reduction, hair removal, acne, psoriasis & tattoo removal, body contouring & fat removal, skin rejuvenation, wrinkle removal & skin resurfacing, vascular & pigment lesion removal and others. The segment growth is expected on the account of growing popularity of skin tightening, skin rejuvenating, and body contouring, including breast augmentation and nose reshaping. In 2021, skin tightening was the 6th most popular non-surgical treatment, and around 10 million non-surgical skin tightening procedures were performed on females in 2020 Furthermore, in 2018, about 300 thousand of breast reshaping and nearly 200,000 nose augmentation were carried out.

Our in-depth analysis of the global market includes the following segments:

            By Product

  • Diagnostic Device
  • Dermatoscope
  • Biopsy Devices
  • Microscopes
  • Therapeutic Devices
  • Lasers
  • Electrosurgical Device
  • Phototherapy Devices
  • Microdermabrasion Devices
  • Liposuction Devices
  • Cryotherapy Devices

          By Application

  • Diagnostic Device
  • Skin Cancer Diagnosis
  • Other Diagnostic Application
  • Treatment Devices
  • Cellulite Reduction
  • Hair Removal, Acne, Psoriasis & Tattoo Removal
  • Body Contouring & Fat Removal
  • Skin Rejuvenation
  • Wrinkle Removal & Skin Resurfacing
  • Vascular & Pigment Lesion Removal
  • Others

            By End Use

  • Hospitals
  • Clinics
  • Others

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Dermatology Devices Industry - Regional Synopsis

North American Market Forecast

The North American dermatology devices market is projected to hold the largest market share of USD 9,634.6 million by the end of 2031. The region is to grow at a CAGR of 10.9% over the forecast period. The North American region is to generate USD 3,810.3 million in 2022, and USD 2,760.6 million in 2017.  The growth of the market can be attributed majorly to the higher rate of tattoo removal and the increased number of people wanting cosmetic treatment and plastic surgery for various purposes, such as breast shaping, tissue fillers, eyelid surgery, and others. All these cosmetic treatments are expected to create huge demand for dermatological procedures. In 2020, around 30% of Americans have tattoos and nearly 23% of the total population want their removal which makes up around 20 million people. Moreover, in 2020, around 400,000 noses reshaping surgery, and more than 4 million minimal cosmetics minimally invasive surgery has been carried out.

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Dermatology Devices Market Size
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Companies Dominating the Dermatology Devices Market

top-features-companies
    • DermLite
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Aerolase
    • Canfield Scientific, Inc.
    • HEINE Optotechnik GmbH & Co. KG
    • Image Derm Inc.
    • Cutera Inc.
    • Solta Medical
    • Cynosure
    • Alma Lasers
    • Candella Corporation

In-the-news

In The News

  • Alma Lasers one of the world's leading providers of power-based medical and aesthetic solutions introduced the new Alma PrimeXTM platform. It is a non-invasive treatment for body contouring and skin tightening.

  •  Canfield Scientific, Inc., the "Andreas Syggros" Hospital Melanoma and Skin Cancer Center has received a donation from the Onassis Foundation for the first VECTRA® WB360 whole-body imaging equipment in Greece, designed by Canfield.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4674
  • Published Date: Jan 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher prevalence of acne problems and hair loss, growing adoption of less invasive surgery, rise in the advancement of technology, and higher number of skilled dermatologists present in the world are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 11.1% over the forecast period, i.e., 2022-2031.

Risk of side effects caused by plastic surgery, expensive treatment and improper insurance policy by the government estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are DermLite, Aerolase, Canfield Scientific, Inc., HEINE Optotechnik GmbH & Co. KG, Image Derm Inc., Cutera Inc., Solta Medical, Cynosure, Alma Lasers, and Candella Corporation.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, application, end-use, and by region.

The treatment devices segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Dermatology Devices Market Report Scope
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