Dermatology devices market

Dermatology Devices Market, by Product Type (Laser Type (Fractional, Diode, InfraRed 1319 nm, Alexandrite laser, Nd:YAG 1064 nm, Pulsed, Potassium Titanyl Phosphate (KTP)), IPL, RF Devices, Microdermabrasion devices and Others),by Device type (Treatment device and Diagnostic device), by Application (Vascular Lesions, Scar Removal, Tattoo removal, Hair removal, Wrinkle Removal, Acne Treatment and Other), by End User (Hospitals and Specialty Dermatology Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Sep 2020
CMI117
171 Pages
Excel & Pdf
Medical Devices

Summary

Devices used in dermatology are those that can be utilized during surgery, for treating skin conditions, or for diagnosing them. Dermatologists and surgeons can diagnose and treat skin conditions with the aid of dermatology devices. Various medical care facilities, including hospitals, dermatology clinics, doctor's offices, and university research institutions, use these devices. Global dermatology devices market is estimated to be valued at US$ 5,299.7 million in 2022 and is expected to exhibit a CAGR of 7.7 % during the forecast period (2022-2030).

Figure 1. Global Dermatology Devices Market Share (%), by Device type, 2022

Increasing prevalence of skin diseases is expected to drive growth of the dermatology devices market.

Increasing prevalence of skin diseases is expected to drive growth of the dermatology devices market. For instance, according to the World Health Organization report 2018, skin diseases were among the most common of all human health afflictions and affected almost 900 million people in the world.

Figure 2. Global Dermatology Devices Market Share (%), by Region, 2022

Increasing product launches by key players operating in the market are expected to drive the market growth during the forecast period.

Increasing product launches by key players operating in the market are expected to drive the market growth during the forecast period. For instance, in January 2019, Alma Lasers, which is provides medical aesthetic lasers & radiofrequency devices for surgical, medical and beauty providers, launched Soprano Titanium laser hair removal system.

Dermatology Devices Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 5,299.7 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	7.7%	2030 Value Projection:	US$ 9,602.2 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacifi Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Laser IPL (Fractional, Diode, InfraRed 1319 nm, Alexandrite laser, Nd:YAG 1064 nm, Pulsed, Potassium Titanyl Phosphate (KTP)), RF Devices, Microdermabrasion devices, Other By Device type: Diagnostic Devices, Treatment Devices By Application: Vascular Lesions, Scar Removal, Tattoo removal, Hair removal, Wrinkle Removal, Acne Treatment, Others By End User: Hospitals, Specialty Dermatology Clinics
Companies covered:	Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
Growth Drivers:	Increasing prevalence of skin diseases Increasing product launches by the key players operating in the market
Restraints & Challenges:	High cost of dermatology devicesssss products

Global Dermatology Devices Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.

The COVID-19 pandemic has had a negative impact on the expansion of the dermatology devices market. Due to the increase in COVID-19 cases, international supply chains for dermatology equipment were affected by global government measures like shutdown and strict rules. Dermatologists and surgeons use dermatological equipment to identify and treat skin conditions. In order to avoid disease transmission among patients, the dermatology division's closure and the cancellation of dermatological treatments during the pandemic had an influence on market for dermatology devices.

Global Dermatology Devices Market: Key Developments

In July 2019, Hologic’s Cynosure, which is a medical technology company, launched TempSure firm hand-piece on the TempSure platform and SculpSure, a non-surgical body contouring (lipolysis) treatment designed to permanently eliminate fat cells in problem areas.

In June 2019, Lumenis, Ltd., which provides minimally-invasive clinical solutions for the ophthalmology and aesthetic markets, entered into a distribution agreement with DELEO, which is a France-based company that designs and manufactures Medical Cryolipolysis and High Power Light-emitting diode (LED) devices for the aesthetic medicine sector, for distribution of its products in France.

Global Dermatology Devices Market: Restraint

High cost of dermatology treatment is expected to hinder growth of the global dermatology devices market. For instance, according to the American Society of Plastic Surgeons (ASPS), the average cost of ablative laser skin resurfacing ranges from US$ 2,000 to US$ 25,000.

Key Players

Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.

Table of Content

Table of Contents

*Browse 25 market data tables and 29 figures on “Global Dermatology Devices Market” - Global forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global dermatology devices market during the forecast period (2022-2030)?

Global dermatology devices market size is estimated to be valued at US$ 5,299.7 million in 2022 and is expected to exhibit a CAGR of 7.7% between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing prevalence of skin diseases and increasing product launches by the key players operating in the market are expected to drive the market growth.

Which is the leading device type segment in the market?

Treatment devices is the leading device type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include high cost of dermatology device products.

Which are the major players operating in the market?

Major players operating in the market include Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.