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Dermatology Devices Market Size & Share, by Product (Lasers, Fractional, Infrared, Pulsed); End-user (Hospitals, Private Clinics, Specialty Dermatology Clinics); Application (Vascular Lesions, Hair Removal, Wrinkle Removal, Acne Treatment) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 229
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Dermatology Devices Market size was valued at USD 15.49 billion in 2023 and is likely to reach USD 71.62 billion by 2036, registering around 12.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dermatology devices is estimated at USD 17.04 billion.

The growth of the market can be attributed to increasing aesthetic awareness amongst people, and growing skin disorders. Furthermore, the data released by the World Cancer Research Fund International states that melanoma of the skin is the 17th most common cancer worldwide and there were 150,000 new cases of melanoma of the skin in 2020. Hence the rising cases of skin cancer are expected to escalate the global dermatology medical device market growth during the forecast period. Additionally, the NHS UK data reveals that about 95% of people aged 11 to 30 suffer with acne problems. On account of the increasing number of people with acne, the global dermatology medical device market is expected to grow significantly during the forecast period. Moreover, with the increasing disposable income of the people, they are paying attention to aesthetic beauty and spending lavishly on laser or energy-based procedures. It includes procedures, such as, sun damage treatment, facial redness, wrinkles, laser hair removal, age spots removal, scars treatment, and tattoo or birthmark removal. Hence the global dermatology medical device market is estimated to foster remarkable growth during the forecast period on account of the increasing number of people getting hair removal treatment.

Growth Drivers  

  • Surging Cases of Skin Cancer

  • Growing Inclination Towards Aesthetic Beauty

Challenges  

  • Exorbitant Cost of the Treatment

Dermatology Devices Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

12.5%

Base Year Market Size (2023)

USD 15.49 billion

Forecast Year Market Size (2036)

USD 71.62 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

The dermatology devices market is segmented by application into vascular lesions, hair removal, acne treatment, and others. Out of which, the hair removal treatment segment is anticipated to hold the largest share in the market on account of a large number of people investing in hair removal treatment. As the disposable income of people is increasing they are investing in aesthetics.  

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

           Product
  • Laser
  • Fractional
  • Infrared
  • Pulsed
  • Others

             End-User
  • Hospitals
  • Private Clinics
  • Specialty Dermatology Clinics

 

 

            Application
  • Vascular Lesions
  • Hair Removal
  • Wrinkle Removal
  • Acne Treatment
  • Others
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Dermatology Devices Industry - Regional Synopsis

Regionally, the dermatology devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in the North America is anticipated to dominate majority revenue share by 2036, on the back of presence of a well-established healthcare infrastructure. Furthermore, the data published by the American Academy of Dermatology Association acne is a prominent skin condition in the USA which is affecting up to 50 million Americans annually. On the back of the rising number of people with acne conditions global dermatology medical device market is estimated to witness significant growth during the forecast period. Moreover, according to another data released by the American Academy of Dermatology Association, in the USA more than 9500 people are diagnosed with skin cancer disease every day, while more than 1 million Americans are living with melanoma, as of 2019. On the back rising emergence of patients with skin cancer disease in the US, the global dermatology medical device market is expected to witness significant growth in the region during the forecast period.

The global dermatology medical device market is projected to grow during the forecast period in the Europe region on the back of the growing geriatric population. Also, the government guidelines are flexible in the region which is the reason the global dermatology medical device market is expected to witness remarkable growth during the forecast period. Moreover, availability of advanced healthcare facilities in the region is further anticipated to boost the market growth.

Dermatology-Medical-Device-Market-Share
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Companies Dominating the Dermatology Devices Landscape

    • Alma Lasers Ltd.
      • Company Overview 
      • Business Strategy 
      • Key Product Offerings 
      • Financial Performance 
      • Key Performance Indicators 
      • Risk Analysis 
      • Recent Development 
      • Regional Presence 
      • SWOT Analysis 
    • Bausch Health Companies Inc.
    • Cutera, Inc.
    • Canfield Scientific, Inc.
    • Aesthetic Group
    • Cynosure LLC
    • Lumenis Be Ltd.
    • Candela Corporations
    • Image Derm Inc.
    • Medtronic pl

Recent Developments

  • June 17, 2020: Candela Medical’s product PicoWay systems offers the shortest pulse duration and claim to be the most innovative laser tattoo removal technology.

  • Report ID: 229
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2024, the industry size of dermatology devices is estimated at USD 17.04 billion.

Dermatology Devices Market size was valued at USD 15.49 billion in 2023 and is likely to reach USD 71.62 billion by 2036, registering around 12.5% CAGR during the forecast period i.e., between 2024-2036. The growing cases of skin cancer will impel the market growth.

North America is anticipated to dominate majority revenue share by 2036, on the back of presence of a well-established healthcare infrastructure.

The major players in the market are Cynosure LLC, Lumenis Be Ltd., Candela Corporations, and Image Derm Inc.

Dermatology Devices Market Report Scope

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