The global Dermatology Devices Market size is 6.2 billion USD and is projected to reach a CAGR of 20.7% from 2023-2030.
Dermatology devices help in diagnosing and treatment of skin disorders. The devices can be used for skin biopsy, cryosurgery, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, and electrodesiccation & curettage. There are various skin disorders, which include psoriasis, eczema, acne, rosacea, ichthyosis, vitiligo, hives, seborrheic dermatitis, and other skin disorders. Skin disorders vary in symptoms and severity. In addition, these can be temporary or permanent and may be painless or painful. Some skin disorders have situational causes while others may be genetic. Some skin conditions are minor, and others can be life-threatening.
The need to appear aesthetically perfect and appealing has been more prominent than ever, creating a tremendous demand for dermatology devices on a worldwide scale. Moreover, the rising prevalence of skin problems and skin cancers is expected to boost the global dermatology devices market. The usage of dermatology devices for hair removal and stretch mark reduction is projected to fuel the global dermatology devices market growth during the forecast period. Furthermore, the global market is expected to evolve rapidly as the scope of application expands, and manufacturers and dermatology device suppliers raise their investments to increase sales.
On the other hand, the strict regulation policies among various countries can cause slow manufacturing of the products. That’s why this reason is anticipated to restrain the market growth in the future years.
The COVID-19 pandemic had a tremendous impact on the global dermatology devices market. Short-term negative growth was noted as a result of the total suspension of non-COVID-19 related procedures, limited manufacturing operations, and supply chain disruption. On the other hand, the dermatology devices market has experienced a V-shaped recovery. With the effective distribution of vaccines in all regions, the number of dermatological devices is beginning to return to pre-pandemic levels. The global market is projected to revert to its regular growth rate during the forecast period.
There is growing awareness among people regarding the health of their bodies and skin as well. The dermatology segment is gaining attention with people becoming more and more concerned about their skin as it is one of the most important parts of our body. People are willing to spend more on their skincare health. The rise in the occurrence of disorders that require surgical treatment, particularly minimally invasive surgery (MIS), is responsible for the market expansion for dermatology devices. There is also an increase in the occurrence of skin disorders like psoriasis, acne, and others that is compelling people to be more concerned about their skin health eventually leading to the expansion of the dermatology devices market.
North America to Dominate the Market
