SAN FRANCISCO, July 28, 2022 /PRNewswire/ -- The global dermatology devices market is forecast to get boosted by USD 34.3 billion by 2030 at a CAGR of 11.9% from 2022 to 2030, as per the current report by Grand View Research, Inc. There has been an increase in the occurrence of skin cancer due to which the demand for dermatology devices has enhanced. Additionally, the factors like awareness in the population regarding technical developments in dermatology devices, high-income rate, and the need for maintaining a better physical appearance are driving the market growth during the forecast period.
Key Industry Insights & Findings from the report:
- The presence of novel technology for laser treatment resulted in the treatment devices segment expanding at a high CAGR rate and the acquisition of 79% of the market share in 2021.
- The application of hair treatment secured the highest CAGR rate because it is rendered safe for different hair colors and the treatment is painless. As a result, the segment accounted for a 15% share of the market revenue in 2021.
- In 2021, the hospital segment acquired 54% of the market share because this segment is a center for the maximum conduction and diagnosis of skin diseases.
- The use of dermatology devices is high in the U.S. as 20% of the population suffers from acne. Hence, North America acquired 43% of the market revenue in 2021 to become the highest regional market for dermatology devices.
Read 129-page full market research report for more Insights, "Dermatology Devices Market Size, Share & Trends Analysis Report By End Use (Clinics, Hospitals), By Product (Diagnostic Devices, Treatment Devices), By Application, By Region, And Segment Forecasts, 2022 - 2030, published by Grand View Research.
Dermatology Devices Market Growth & Trends
There is a rise in the occurrence of skin cancer cases, especially the spread of melanoma constitutes 1% of skin cancer and causes deaths. For instance, it has been recorded that approximately 10,130 population in the U.S die due to melanoma skin cancer according to the Skin Cancer Foundation. Additionally, the 2018 report of the American Cancer Society stated that were 91,270 new melanoma skin cancer cases in the region. Moreover, the American Cancer Society has recently stated that with the use of dermatology devices, 99,780 melanoma cancer cases will be diagnosed, thus increasing the demand for the product.
Besides the continuous development of the dermatology devices market, the COVID-19 situation created a barrier to its market growth. For instance, during the crisis period, dermatologists experienced the lack of tools such as personal protective equipment required for diagnosing the diseases. The lockdown restrictions initiated by governments across nations resulted in a gap in the supply chain system for transporting dermatology devices from manufacturers to diagnostic centers.
Despite the downfall, the dermatology devices market has started to get back to its original position owing to technological advancements, thus propelling the market growth. Presently, people have become conscious of skin rejuvenation and various skin treatments for the maintenance of aesthetic appearance. This has been possible with dermatology devices that are equipped with innovative technology, thereby increasing the product demand, and uplifting the market growth globally.
Dermatology Devices Market Segmentation
Grand View Research has segmented the dermatology devices market based on product, application, end-use, and region
Product Outlook (Revenue, USD Million, 2017-2030)
- Diagnostic Devices
- Dermatoscope
- Microscopes
- Other Imaging Devices
- Biopsy Devices
- Treatment Devices
- Light Therapy Devices
- Lasers
- Electrosurgical Equipment
- Liposuction Devices
- Microdermabrasion Devices
- Cryotherapy Devices
Application Outlook (Revenue, USD Million, 2017-2030)
- Diagnostic Devices
- Skin Cancer Diagnosis
- Other
- Treatment Devices
- Hair Removal
- Skin Rejuvenation
- Acne, Psoriasis, and Tattoo Removal
- Wrinkle Removal and Skin Resurfacing
- Body Contouring and Fat Removal
- Cellulite Reduction
- Vascular and Pigmented Lesion Removal
- Others
End-use Outlook (Revenue, USD Million, 2017-2030)
- Hospitals
- Clinics
- Others
Regional Outlook (Revenue, USD Million, 2017-2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- The Netherlands
- Belgium
- Switzerland
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Indonesia
- Singapore
- Malaysia
- Australia
- Philippines
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- MEA
- South Africa
- Saudi Arabia
- UAE
- Israel
- Turkey
List of Key Players in the Dermatology Devices Market
- Alma Laser GmbH
- Cynosure, Inc.
- Solta Medical, Inc.
- Cutera, Inc.
- Syneron Medical Ltd.
- Canfield Scientific, Inc.
- 3Gen
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc
Check out more related studies published by Grand View Research:
- Dermatology Excimer Laser Market - The global dermatology excimer laser market size is expected to reach USD 955.5 million by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 10.0% over the forecast period. Dermatology excimer lasers are a novel form of targeted phototherapy that delivers a specific wavelength (308 nm) of monochromatic UVB radiation using an excimer laser or an excimer lamp. According to NCBI, excimer lasers have been proven effective in treating skin conditions like psoriasis, vitiligo, atopic dermatitis, alopecia area ta, allergic rhinitis, folliculitis, etc.
- Dermatology CRO Market - The global dermatology CRO market size is expected to reach USD 7.04 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. The rise in demand for topical dermatological medications, such as anti-inflammatory agents, anti-infective, local anesthetics, cleansers, and emollients, to treat acne is a major factor driving the market. Furthermore, increased awareness regarding skin diseases, high demand for speedy diagnosis, and an increase in the prevalence of skin cancer and other skin problems are all driving the industry forward.
- U.S. & Canada Skin Cancer Dermatology Market - The U.S. & Canada skin cancer dermatology market size is expected to reach USD 3,395.97 million By 2030, registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Technological advancements and increasing prevalence of skin cancer are anticipated to fuel the growth.
Browse through Grand View Research's Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
SOURCE Grand View Research, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
