NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global dermatology devices market size is estimated to
grow by USD 154.23 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 9.45% during the forecast
period. Increasing prevalence of skin disorders is
driving market growth, with a trend towards growing
preference for telemedicine and remote monitoring.
However, stringent regulatory requirements for approvals for
dermatology devices poses a challenge. Key market players
include AbbVie Inc., Aerolase Corp., Aesthetic Group, Alma Lasers
Ltd., Bausch Health Companies Inc., Bruker Corp., Candela Corp.,
Canfield Scientific Inc., Carl Zeiss Stiftung, Cutera Inc.,
Cynosure LLC, DermLite LLC, FotoFinder Systems GmbH, HEINE
Optotechnik GmbH and Co. KG, Image Derm Inc., Lumenis Be Ltd., Merz
Pharma GmbH and Co KGaA, Michelson Diagnostics Inc., Photomedex
Inc., and Sihuan Pharmaceutical Holdings Group Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Hospitals and
Clinics), Product (Treatment devices and Diagnosis devices), and
Geography (North America, Europe, Asia, and Rest of World
(ROW))
|
Region
Covered
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Key companies
profiled
|
AbbVie Inc., Aerolase
Corp., Aesthetic Group, Alma Lasers Ltd., Bausch Health Companies
Inc., Bruker Corp., Candela Corp., Canfield Scientific Inc., Carl
Zeiss Stiftung, Cutera Inc., Cynosure LLC, DermLite LLC, FotoFinder
Systems GmbH, HEINE Optotechnik GmbH and Co. KG, Image Derm Inc.,
Lumenis Be Ltd., Merz Pharma GmbH and Co KGaA, Michelson
Diagnostics Inc., Photomedex Inc., and Sihuan Pharmaceutical
Holdings Group Ltd.
|
Key Market Trends Fueling Growth
The dermatology devices market is witnessing significant growth
due to the integration of these devices with telemedicine
platforms. This trend enhances accessibility to dermatological care
by enabling remote diagnosis, consultation, and monitoring of skin
conditions. Dermatologists can now provide consultations to
patients via telemedicine, offering convenience and eliminating the
need for in-person visits. Utilizing tools such as dermatoscopes,
imaging systems, and webcams, dermatologists can inspect and
diagnose skin issues remotely. Patients in remote areas or those
preferring online consultations will greatly benefit from this
development. Notable telemedicine platforms in this field include
DermEngine, iDoc24, and FirstDerm. Therefore, the market growth
will be driven by the adoption of telemedicine and remote
monitoring during the forecast period.
The dermatology devices market is witnessing significant growth
due to increasing consumer demand for personalized skincare
solutions and aesthetic procedures. Key trends include the use of
laser therapy machines, microdermabrasion devices, cryotherapy
equipment, and dermatological lasers. The aging population and the
aesthetic industry's focus on anti-aging treatments are major
drivers. Multi-functionality devices that offer skin analysis,
wrinkle reduction, fine line removal, pore refinement, pigmentation
correction, and skin disease treatment are popular. Specialty
dermatology clinics, hospitals, dermatologists, surgeons, and
medical care providers are major buyers. Artificial intelligence
and radiofrequency machines are emerging technologies. Minimally
invasive and non-invasive procedures are preferred over surgical
ones. Overall, the dermatology lasers market is expected to
continue growing due to consumer preferences for non-surgical
solutions.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The global
dermatology devices market faces significant challenges due to
rigorous regulatory approvals. Companies introducing new
dermatology devices must undergo extensive clinical trials,
documentations, and safety evaluations to secure approvals from
regulatory bodies like the EMA and FDA. These processes can be
time-consuming and expensive, potentially delaying market entry for
innovative devices and limiting access for new players. For
instance, a company developing novel laser therapy equipment for
skin treatments must submit detailed data and undergo rigorous
testing. Meeting regulatory criteria and securing approvals in a
timely manner is crucial for market entry and competitiveness in
the global dermatology devices market. Failure to do so may hinder
the growth of the market during the forecast period.
• The
Dermatology Devices Market faces several challenges in addressing
skin diseases and providing aesthetic procedures. Dermatologists
and surgeons treat various skin disorders such as acne, psoriasis,
vascular lesions, and skin irritation using dermatology devices.
Aging, pain, scarring, and skin disorders increase the demand for
anti-wrinkle treatments, skin tightening, and minimally and
non-invasive procedures. However, challenges include pain
management, scarring, anesthesia-related complications, organ
damage, and infections. Aesthetic lasers, hair removal, skin
rejuvenation, and tattoo removal are popular treatments. Doctors
use imaging devices like dermatoscopes and microscopes for
diagnosis, while imaging technologies and skin analysis equipment
aid in skin cancer detection. The market consists of treatment
devices and diagnostic devices segments, including skincare
solutions and microdermabrasion instruments. Awareness of aesthetic
procedures and non-invasive treatment modalities drives market
growth.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This dermatology devices market report extensively covers market
segmentation by
- End-user
- 1.1 Hospitals
- 1.2 Clinics
- Product
- 2.1 Treatment devices
- 2.2 Diagnosis devices
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Hospitals- The Dermatology Devices Market
refers to the industry that produces and supplies equipment used by
dermatologists for diagnosing and treating various skin conditions.
This market is growing due to increasing prevalence of skin
diseases, rising awareness about skin health, and advancements in
technology. Key players include companies like L'Oreal, Johnson
& Johnson, and Canfield Scientific. These companies offer
devices such as lasers, microdermabrasion systems, and diagnostic
tools to meet the demands of this market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Dermatology Devices Market encompasses a wide range of
medical equipment used for diagnosing, treating, and managing
various skin diseases and disorders. This market caters to the
needs of dermatologists, surgeons, medical care providers,
hospitals, and dermatology clinics. Skin diseases, including aging,
skin disorders, and skin cancer, are the primary drivers for this
market. Aesthetic procedures, fueled by the growing awareness and
acceptance of aesthetic industry, also contribute significantly.
Dermatology devices include laser therapy machines,
microdermabrasion devices, cryotherapy equipment, dermatological
lasers, and radiofrequency machines. Imaging technologies and
skincare solutions, along with skin analysis equipment, are other
essential segments. The Treatment devices segment dominates the
market due to the increasing demand for non-invasive treatment
modalities. The Diagnostic devices segment also holds significance
due to the rising prevalence of skin diseases and the need for
early and accurate diagnosis. The aging population further boosts
the market growth as they are more susceptible to skin
disorders.
Market Research Overview
The Dermatology Devices Market encompasses a range of medical
equipment used by dermatologists, surgeons, and medical care
providers to diagnose and treat various skin disorders. These
devices cater to both medical and aesthetic applications,
addressing issues such as skin diseases, aging, and skin disorders
like acne, psoriasis, vascular lesions, and tattoo removal.
Dermatology devices include aesthetic lasers for anti-wrinkle
treatment, skin tightening, and hair removal, as well as surgical
procedures for pain, scarring, and skin rejuvenation. The market
also includes imaging devices like dermatoscopes, microscopes, and
imaging technologies for skin cancer diagnosis. Other devices
include red light therapy machines, cryotherapy equipment, and
dermatological lasers. The aging population and increasing
awareness of personalized skincare solutions are driving the growth
of the dermatology devices market. Consumer preferences for
minimally and non-invasive procedures, multi-functionality devices,
and non-invasive treatment modalities are also fueling market
growth. The treatment devices segment includes microdermabrasion
instruments, while the diagnostic devices segment includes skin
analysis equipment and imaging devices. Skin analysis, wrinkles,
fine lines, pores, and pigmentation are common concerns addressed
by these devices. However, potential risks such as
anesthesia-related complications, organ damage, infections, and eye
protection are important considerations in the use of these
devices. The dermatology lasers market and specialty dermatology
clinics are significant contributors to the industry, with
artificial intelligence and skin analysis playing increasingly
important roles in the field.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Product
-
- Treatment Devices
- Diagnosis Devices
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio