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2021
Dermatology Devices Market

Dermatology Devices Market by Product Type (Diagnostic Devices and Treatment Devices), Application (Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation, and Warts), End User (Hospitals, Clinics, and Others): Opportunity Analysis and Industry Forecast, 2021–2030

A12019
Pages: 217
Sep 2021 | 1288 Views
Author(s) : Sushant Terdale , Onkar Sumant
Tables: 115
Charts: 35
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COVID-19

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The global dermatology devices market was valued at $8,810 million in 2020, and is projected to reach $17,998 million by 2030, registering a CAGR of 7.6% from 2021 to 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 electrodessication & 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 of the skin disorders have situational causes while others may be genetic. Some skin conditions are minor, and others can be life-threatening.

The market growth is attributed to increase in prevalence of diseases that requires surgical treatment, especially minimally invasive surgery (MIS) that would help the dermatology devices market to gain traction in the coming years. Furthermore, surge in prevalence of skin disorders, which require dermatology devices for management of the condition is anticipated to propel the market to generate higher revenue shares. Increase in prevalence of conditions, such as psoriasis, acne, and other skin disorders, is anticipated to help the market generate higher revenues during the forecast period. Rise in healthcare spending, which can be used for treatment of skin conditions would help the market to gain traction during the forecast period. In addition, rise in need for improvement in aesthetics that requires dermatology devices fuels the market growth. 

Dermatology-Devices-Market-2021-2030

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Attributed to the COVID-19 pandemic, healthcare workers, equipment, and facilities have been moved to cope with the rising number of patients with COVID-19. The pandemic caused major impediments in pharmaceutical and medical supply chains globally. This is expected to hinder the growth of the dermatology devices market during the forecast period. The increase in awareness regarding the need to avoid hospital acquired infections and risk of exposure to COVID-19 during the pandemic is anticipated to hinder the number of surgical aesthetic procedures, consequently decreasing the growth of the dermatology devices market during the forecast period. Furthermore, ban on import and export hindered the growth of the dermatology devices market in the commenced period.

The global dermatology devices market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is categorized into diagnostic devices and treatment devices. In addition, diagnostics devices segment is further divided into imaging devices, dermatoscope, and microscope. Furthermore, treatment devices segment is divided into electrosurgical, cryotherapy, and laser. By application, it is classified into skin cancer diagnosis, psoriasis, skin rejuvenation, and warts. By end user, it is fragmented into hospitals, clinics, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Product Type Segment Review

On the basis of product type, the dermatology devices market is categorized into diagnostic devices and treatment devices. The treatment devices segment is expected to gain highest revenue during the forecast period. This is attributed to the surge in demand for dermatology devices that help in the management of diseases. In addition, rise in number of surgical procedures using these dermatology devices would propel the market growth in the next few years. However, diagnostic devices are expected to generate significant revenue shares in the dermatology devices market.

Dermatology Devices Market
By Product Type

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Treatment devices segment is projected as one of the most lucrative segment.

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Application Segment Review

On the basis of application, the dermatology devices market is classified into skin cancer diagnosis, psoriasis, skin rejuvenation, and warts. The skin cancer diagnosis segment is anticipated to gain highest revenue during the forecast period, owing to increase in incidences of skin cancer, which needs early diagnosis. In addition, growing research on skin cancer diagnosis for combating with skin related conditions would help the segment generate higher revenue shares in the coming years.

Dermatology Devices Market
By Application

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Skin cancer diagnosis segment held a dominant position in 2020 and will continue to maintain the lead over the forecast period.

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End User Segment Review

On the basis of end user, the dermatology devices market is divided into hospitals, clinics, and others. The clinics segment is anticipated to gain the highest revenue during the forecast period, owing to increase in number of outpatients preferring clinics. Furthermore, the presence of skilled professionals for performing diagnostics and higher investment of specialty clinics to adopt advanced product types would help the segment gain significant market share in the next few years.

Dermatology Devices Market
By End User

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Clinics segment held a dominant position in 2020 and will continue to maintain the lead over the forecast period.

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Region Segment Review

North America is constituted to have highest market share of the dermatology devices market in 2020, followed by other regions. The larger market share of North America can be attributed to factors such as improvement in healthcare infrastructure, services across developing countries, and rise in health awareness among the people. Overall, it is projected that the need for dermatology devices in developing and developed regions of North America would rise sharply in the coming years.

Dermatology Devices Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 8.6% during 2021-2030.

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Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current the dermatology devices market trends and forecast estimations from 2020 to 2030, which assists to identify the prevailing market opportunities. 
  • An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global the dermatology devices market is provided.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.

Key Market Segments

By product type

  • Diagnostic Devices
    • Imaging devices
    • Dermatoscopes
    • Microscopes
  • Treatment Devices
    • Electrosurgery Devices
    • Cryotherapy Devices
    • Laser Devices

By application type

  • Skin Cancer Diagnosis
  • Psoriasis
  • Skin Rejuvenation
  • Warts

By end user type

  • Hospitals
  • Clinics
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

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Dermatology devices are those instruments or accessories that can be used in surgical procedures, treatment or diagnosis of various skin disorders. Rise in prevalence of skin cancers, which require dermatology devices for management of the condition, is anticipated to propel the market to generate higher revenue shares. In addition, steep growth in incidences of skin disorders that require dermatology devices to help remove the extra tissue growth especially in skin cancers fuels the market growth. Increase in prevalence of diseases that requires surgical treatment, especially minimally invasive surgery would help the dermatological instruments and accessories to grow in the coming years. In addition, surge in potential of dermatology devices in emerging countries is expected to provide greater opportunities in the coming years. However, higher cost of dermatology devices may hinder the growth of the industry. North America is expected to account for a significant share of the global dermatology devices market during the forecast period. The market in the region is anticipated to grow in future, owing to increase in healthcare expenditure and surge in patient population in the region. Additionally, Asia-Pacific is projected to witness the fastest CAGR and highest revenue during the forecast period, owing to greater patient population and increase in infrastructural development in the region.

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of Dermatology Devices market is $17,998.00 million in 2020.

A. The forcast period for Dermatology Devices market is 2020 to 2030

A. The market value of Dermatology Devices market in 2020 is $8,810.10 million.

A. The base year is 2020 in Dermatology Devices market

A. Top companies such as Cutera, Inc., Lumenis Ltd., Bausch Health Companies Inc., Candela Laser Corp., Cynosure Inc. held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Treatment devices segment is the most influencing segment owing to increase in demand for dermatology devices that help in the management of diseases. In addition, the increase in number of surgical procedures using these dermatology devices have significantly contributed toward the growth of the market.

A. New product launch, product approval and companies acquisions owing to increase in demand for dermatology devices that help in the management of diseases. In addition, the increase in number of surgical procedures using these dermatology devices are the major factors that drive the growth of the market.

A. North America has the highest growth rate in the market which is growing due to increase in healthcare expenditure and surge in patient population in the region contribute toward the growth of the market.

A. Dermatology devices are the devices that help in diagnosing and treatment of skin disorders.

A. Dermatology devices can be used for skin biopsy, cryosurgery, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, Electrodessication & curettage

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