Dermatology Device Market by Product Type (Treatment Device [Lasers, Light Therapy Devices, Electrosurgical Equipment, Microdermabrasion Devices, Liposuction Devices, and Cryotherapy Devices] and Diagnostic Device [Dermatoscope, Imaging Device, and Microscope]), Application (Skin Cancer Diagnosis, Skin Rejuvenation, Hair Removal, Body Contouring & Skin Tightening, Psoriasis, and Others), End-user (Hospitals, Dermatology Clinics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026460 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed US$ 10.27 billion mark in 2022 and is expected to hit US$ 22.17 billion by 2030, recording a CAGR of 9.9% during the forecast period.

 

The dermatology device market has been significantly growing with the rising aesthetic procedures among individuals

The growth of the market is primarily driven due to rising aesthetic procedures among individuals and technological advancements in dermatology devices. Skin rejuvenation and resurfacing expand the consumer base, resulting dermatology devices industry growing rapidly during the forecast period. Cosmetic surgical procedures have gained great attention across the world over the years. For example, as per the American Society of Plastic Surgeons (ASPS), among cosmetic surgeries performed in 2020 the top 5 cosmetic surgical procedures involved nose reshaping (352,555 procedures), eyelid surgery (352,112 procedures), facelift (234,374 procedures), liposuction (211,067 procedures), and breast augmentation (193, 073 procedures). Other surgeries included soft tissue filler, chemical peel, laser skin resurfacing, Intense Pulsed Light (IPL) treatment, scar revision, and laceration repair. Among these, IPL treatment has replaced laser skin removal in the top 5 minimally invasive cosmetic procedures, accounting for over 827,000 procedures in 2020. Additionally, 1,485,116 surgical aesthetic procedures and 3,182,815 nonsurgical procedures were performed in the US only. Owing to the factors mentioned above, the market is expected to gain traction during the forecasted period.

Within the report, the market is segmented into product type, application, end-user, and geography. By product type, the market is further bifurcated into treatment devices and diagnostic devices. Based on treatment devices, the market is further sub-segmented into lasers, light therapy devices, electrosurgical equipment, microdermabrasion devices, liposuction devices, and cryotherapy devices. By diagnostic devices, the market is further sub-segmented into dermatoscope, imaging devices, and microscopes. By application, the market is segmented into skin cancer diagnosis, skin rejuvenation, hair removal, body contouring & skin tightening, psoriasis, and others. By end user, the market is segmented into hospitals, dermatology clinics, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Skin rejuvenation and resurfacing is a far-reaching technology that empowers the growth of the future market

Dermatology is a specialty that employs a wide range of medical devices, from cosmetic applications to medical dermatology. Additionally, dermatology devices help diagnose and treat various skin disorders such as skin cancer, psoriasis, and many others. Complete skin rejuvenation enhances the aesthetic appeal of a person. There has been a latent shift from using conventional products to technologically advanced devices, which assist in better diagnosis and treatment of different skin diseases and improve one’s overall appearance. Moreover, these devices can be used for biopsy, cryosurgery, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, and electrodesiccation & cutterage. The Food and Drug Administration (FDA) plays a critical role in the regulation, approval, and post-marketing surveillance regarding the safety and efficacy of these devices.

The rising adoption of dermatology devices is the major factor in accelerating market growth.

The application of the dermatology device includes skin cancer diagnosis, skin rejuvenation, hair removal, body contouring & skin tightening, psoriasis, and others.   Skin cancer is one such application wherein the use of dermatology devices is increasing due to the growing incidence. People developing melanoma have a 4% chance of death. With increasing incidence and mortality, skin cancer bears a heavy health and economic burden. The World Health Organization 2020 estimates that 60,000 people die yearly because of long sun exposures: 48,000 from melanoma and 12,000 from other skin cancer types. The main factors that predispose to the development of skin cancer, especially melanoma, seem to be related to recreational exposure to the sun and a history of sunburns. Other applications such as skin rejuvenation, hair removal, body contouring & skin tightening, and psoriasis also encourage the use of this dermatology devices market.

Recent strategic developments in the dermatology device market.

The dermatology device market has undergone several significant developments, and a few of these have been mentioned below:

  • In Oct-2021, Alma, a Sisram Medical Company, Announced FDA Clearance and the U.S. Launch of Alma Hybrid, the first laser platform to include an ablative 10,600 nm (CO2) laser and a non-ablative 1570 nm laser for skin resurfacing
  • In Apr-2021, Alma, a Sisram Medical Company, Launched Alma PrimeXT, the ultimate non-invasive platform for body contouring and skin tightening, delivering spectacular results
  • In Sep-2020, CUTERA, INC. announced the launch of truSculpt flex, the new muscle-sculpting platform, in Canada. Disrupting the Canadian aesthetic market, truSculpt flex is Health Canada cleared and approved for strengthening abdominal tone, firming the abdominal muscles, and developing a stronger abdomen. It is also cleared for the strengthening, toning, and firming of buttocks, thighs, arms, and calves
  • In Jan-2021, Candela announced the launch of the Frax Pro system, the smart way to the Frax Pro System. The FDA-cleared, non-ablative fractional device is the first platform featuring dual-depth skin resurfacing with both Frax 1550 and the novel Frax 1940 applicators
  • In June 2021, Cynosure announced the launch of a new next-generation aesthetic laser device, "The PicoSure Pro device." The newly launched product is an FDA-cleared 755nm picosecond laser on the market, delivering energy in one trillionth of a second, utilizing pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types

The dermatology device market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Alma Lasers (Sisram Medical), Cutera Inc., Candela Corporation, Solta Medical (Bausch Health Companies Inc.), FotoFinder Systems, Cynosure, Lumenis Be Ltd., El.En SpA, Bruker, and Aerolase Corporation are among the prominent players operating in the market.

The target audience for the report:

  • Raw material providers
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Devices distributors and sales firms
  • Dermatology Clinics
  • Hospitals
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product Type:
  • Treatment Device
    • Lasers
    • Light Therapy Devices
    • Electrosurgical Equipment
    • Microdermabrasion Devices
    • Liposuction Devices
    • Cryotherapy Devices
  • Diagnostic Device
    • Dermatoscope 
        • Contact Dermatoscope
        • Hybrid Dermatoscope
        • Non-contact Dermatoscope
    • Imaging Device
    • Microscope
  • Application:
  • Skin Rejuvenation
  • Skin Cancer Diagnosis
  • Body Contouring & Skin Tightening
  • Psoriasis
  • Hair Removal
  • Others
  • End User:
  • Hospitals
  • Dermatology Clinics
  • Others
  • Region:
  • North America
  • Europe
  • Asia Pacific
  • South & Central America
  • Middle East & Africa
  • Companies profiled:
  • Alma Lasers (Sisram Medical)
  • Cutera Inc.
  • Candela Corporation
  • Solta Medical (Bausch Health Companies Inc.)
  • FotoFinder Systems
  • Cynosure
  • Lumenis Be Ltd. 
  • El.En SpA
  • Leica Microsystem
  • Aerolase Corporation

Companies profiled:
- Alma Lasers (Sisram Medical)
- Cutera Inc.
- Candela Corporation
- Solta Medical (Bausch Health Companies Inc.)
- FotoFinder Systems
- Cynosure
- Lumenis Be Ltd.
- El.En SpA
- Leica Microsystem
- Aerolase Corporation

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