Dermatology Devices Market with Opportunities and Challenges by Segments and Forecast, Growing at a CAGR of 12.7%
According to the most recent analysis by Emergen Research, the size of the world’s population dermatology device market it is projected to reach $16.13 billion by 2030, growing at a constant revenue CAGR of 12.7%. The increasing frequency of skin problems is one of the main reasons driving revenue growth in this market. Skin diseases are widespread throughout the world and have a significant impact on public health in both developed and underdeveloped countries. The most common lesion diagnosed is acne vulgaris, which affects more than 80% of people worldwide at some point in their lives and 85% of adolescents in rich countries.
Due to the almost complete suspension of non-COVID-19 related procedures, limited production activities, and disruption in the supply chain, the market experienced short-term negative growth. However, the market has experienced a V-shaped recovery. The number of dermatological devices is beginning to return to pre-pandemic levels with the successful introduction of vaccines in all regions. Due to the buildup to 2020 and increasing consumer interest and awareness of dermatology procedures, the market saw significant demand in 2021. Recently, the market has experienced a lot of volatility.
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Product Information
The treatment device market, which accounted for more than 79% of all sales in 2021, is also anticipated to grow at the fastest rate (CAGR) during the forecast period. This is mainly because dermatological treatments have numerous applications. The growth of the segment is also attributed to the introduction of new technologies in the category of laser devices. Because fewer people are aware of many new pieces of equipment, diagnostic devices have a small share of the market. However, the expansion of the segment is expected to be fueled in the future by the increasing incidence of skin cancer.
Some significant highlights of the report
On July 25, 2022, STRATA Skin Sciences, Inc., a health technology company specializing in the development, marketing, and commercialization of cutting-edge products for the treatment of dermatological conditions, launched TheraClearX in the United States. TheraClearX is a non-invasive, in-office acne treatment that targets the underlying causes of mild to moderate acne, including comedonal, pustular, and inflammatory acne vulgaris.
Due to the accessibility of various dermatology treatment options and the advent of cutting-edge laser device technologies, the treatment device category is anticipated to have the highest revenue share during the projection period. For example, on August 17, 2020, Lumenis Ltd., the leading provider of energy-based medical devices for ophthalmic, surgical, and cosmetic applications, introduced the NuEra Tight. The development of individualized non-invasive radiofrequency body treatments using this technology, which are specifically tailored to the needs of each patient, is helping to expand market revenue.
Throughout the projection period, the diagnostic devices segment is expected to post a constant CAGR. It is further divided into diagnoses of skin cancer and other conditions. The skin cancer diagnosis sub-segment has the highest revenue share due to the increase in skin cancer prevalence. Furthermore, the advancement of skin cancer diagnosis through new research and development is boosting the market revenue. For example, basal and squamous cell carcinomas are diagnosed in about 3.3 million Americans each year. Researchers at the Huntsman Cancer Institute (HCI) and the University of Utah developed a device called URSKIN that uses non-visual electrical impedance measurements to take advantage of changes in the electrical characteristics of the skin that occur during cancer cell proliferation (CRL). .
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Emergen Research has segmented the global dermatology device market based on product, application, end use, and region:
- Product Outlook (Revenue, USD billion; 2019–2030)
- diagnostic devices
- treatment devices
- Application outlook (revenue, USD billion; 2019–2030)
- diagnostic devices
- treatment devices
- End-Use Outlook (Revenue, USD Billions; 2019–2030)
- Regional perspective (revenues, billions of dollars; 2019-2030)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- what
- France
- Italy
- Spain
- Sweden
- BENELUX
- rest of europe
- Pacific Asia
- Porcelain
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Israel
- Rest of MEA
- North America
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