Dermatology devices are medical devices used in the diagnosis and treatment of skin disorders and diseases. These devices can be used in dermatology clinics, hospitals, and other healthcare settings. Some common dermatology devices include dermatoscopes, lasers, light therapy devices, cryotherapy devices, skin biopsy devices, and microdermabrasion devices. Dermatology devices have a wide range of applications, including devices used to diagnose skin conditions and diseases, such as skin cancer, psoriasis, eczema, and acne. These devices can help dermatologists to examine the skin more closely and accurately and to make a more informed diagnosis. Furthermore, it is used for hair removal treatment, such as laser hair removal devices & intense pulsed light (IPL) devices, and for skin rejuvenation and anti-aging treatments, such as skin tightening devices that use radiofrequency (RF) and ultrasound technology.
The global prevalence of skin diseases and disorders is increasing due to factors such as the aging population, environmental pollution, and lifestyle changes. As a result, there is a growing demand for dermatology devices that can diagnose and treat these conditions. In addition to that, various ranges of cosmetic procedures based on the customer’s preferences include hair removal, skin rejuvenation, and skin tightening creating a huge need for highly advanced medical devices that offer the advantage of fast, safe, precise & effective results. For instance, the development of laser technology has led to the introduction of minimally invasive and non-invasive treatments for various skin conditions. All these were involved in uplifting the market of medical devices in the dermatology field as predicted in the forecast period.
The Dermatology Devices Market has reached a value of $6.2 billion in 2022. This market is projected to rise from $7.01 billion in 2023 to $16.5 billion in 2030 with a CAGR of 20.7% in the forecast period of 2023-2030. This market is estimated based on different key pointers that attributes to the growth which are diagnostic device types including Imaging Devices, Dermatoscopes, and Microscopes, applications such as Skin Cancer Diagnosis, Vascular lesions, Wrinkle Removal, Hair Removal, and others, treatment device types including Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices, Microdermabrasion Devices, and Cryotherapy devices. The leading players such as Cutera Inc., Hologic Inc., Lumenis Ltd, Alma Lasers, and Candela Corporation are involved in developing dermatology devices that meet the current demands.
The latest technological advancement in dermatology devices includes laser devices for hair removal and cosmetic laser treatment including skin resurfacing, skin tightening, and tattoo removal. This application segment placed a high position in the market growth of dermatology devices. Since laser hair removal techniques attracted most customers due to their greater advantage of pain-free, reduced irritation & permanent hair removal compared to conventional hair removal methods such as waxing & shaving. The various uses and prominent developments in the area of cosmetic laser therapy for a range of skin condition has driven the dermatology devices market in the current forecast period.
The North American region accounts for a high market impact on dermatology devices. This rise in market due to the occurrence of skin cancer and its related disease conditions such as eczema & rosacea are high in these regions and also the prevalence of a wide range of dermatological devices approval & huge recognition for these devices among customers/patients.
In addition to that, prominent companies in dermatology medical devices play a significant role in improving new advanced technology devices and meeting the needs of the current dermatology disease conditions with a key focus on providing devices at a reasonable cost, effective treatment, and more efficient patient-centric solutions. This is further attributed to the profitable growth of the dermatology devices market in the upcoming years.
Developing healthcare infrastructure in emerging markets is providing opportunities for the growth of the dermatology devices market. The increasing availability of dermatology clinics & hospitals, and improved dermatology treatments for various ranges of skin conditions boost these devices’ market. There is a growing trend of using dermatology devices at home for the treatment of minor skin conditions. This trend is driven by the convenience and cost-effectiveness of home-use devices, which is further contributing to the growth of the dermatology devices market.
Moreover, various medical devices for these skin treatments should be used safely and comply with the regulatory guidelines and proper approval from FDA for usage. The medical devices company must consider these requirements before bringing these products into the market. Overall, the dermatology devices market is expected to continue growing in the forecast period as a result of these market drivers, with increasing demand for more advanced and innovative devices that can offer improved diagnostic and treatment capabilities.