Dermatology Devices Market 2030 Growth Analysis Report on Trends, Future Demand, Top Important Companies, and 2022

Global Dermatology Devices Market Forecast to 2030

The "Global Dermatology Devices Market" research by Emergen Research is a thorough compilation of analytical data regarding the Dermatology Devices sector. The research contains a market segmentation for Dermatology Devices as well as a thorough evaluation of the market's size (both in terms of volume and value). The study analyzes the present Dermatology Devices Market and provides a detailed prediction for the years 2022–2030.

The global dermatology devices market size is expected to reach USD 16.13 Billion at a steady revenue CAGR of 12.7% in 2030, according to the latest analysis by Emergen Research. One of the primary driving factors leading to increased revenue growth in this market is the rising prevalence of skin disorders. Skin disorders are common across the globe, posing a considerable public health burden in both industrialized and developing countries. Acne vulgaris is the most frequently diagnosed lesion, affecting more than 80% of the world's population at some point in their lives and 85% of teenagers in affluent countries. Eczema affects 31.6 million individuals (10.1%) in the United States, with frequency peaking during childhood. Rosacea is a prevalent yet underdiagnosed skin disorder that affects around 10% of the population. Rosacea is most common in fair-skinned Caucasians, although it can also afflict people of Asian and African descent. Dermatologists use numerous technologies and equipment to undertake skin-related treatments. Only properly specialized equipment, particularly when treating exceedingly sensitive skin, can be utilized. As a result of the increasing frequency of skin illnesses worldwide, the market revenue growth of dermatology devices is also rising.

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Competitive Terrain:

The global Dermatology Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Alma Lasers, Cutera, Cynosure, Lumenis Be Ltd., Bausch Health Companies Inc., Bruker, ZEISS International, Genesis Biosystems, Inc., HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics Limited

Research Report on the Dermatology Devices Market Addresses the Following Key Questions:

Who are the dominant players of the Dermatology Devices market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Dermatology Devices market?

What are the key growth drivers and restraining factors of the Dermatology Devices market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Dermatology Devices market and its key segments?

Market Overview:

The report bifurcates the Dermatology Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

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 Billion; 2019–2030)

Hospitals

Clinics

Others

Regional Landscape section of the Dermatology Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights From the Report

On 25 July 2022, TheraClearX, a non-invasive, in-office acne treatment that targets the underlying causes of mild to moderate acne, such as comedonal, pustular, and inflammatory acne vulgaris, has been commercialized in the United States by STRATA Skin Sciences, Inc., a healthcare technology company focused on developing, commercializing, and branding innovative products for the treatment of dermatologic conditions.

The treatment devices segment is expected to account for the largest revenue share during the forecast period which is attributed to the accessibility of a wide range of dermatological treatment options and introduction of innovative laser device technologies. For example, Lumenis Ltd., the world's leading producer of energy-based medical devices for cosmetic, surgical, and ophthalmic applications, launched the NuEra Tight with FocalRF technology on 17 August 2020. The technology provides a breakthrough in personalized non-invasive RF body treatments that are tailored to each patient's exact demands, helping to drive market revenue growth.

The diagnostic devices segment is expected to register a steady CAGR during the forecast period. It is further sub-segmented into skin cancer diagnosis and others. Given the rise in skin cancer prevalence, the sub-segment of skin cancer diagnosis has the largest revenue share. Furthermore, new research and development on skin cancer diagnostics is driving market revenue growth. For example, roughly 3.3 million individuals in the United States are diagnosed with basal and squamous cell carcinomas each year. URSKIN is a device created by researchers at Huntsman Cancer Institute (HCI) and the University of Utah that employs a technology known as non-visual electrical impedance demography to exploit changes in the electrical properties of skin that occur during cancer cell proliferation (EID).

Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed primarily to rising frequency of skin cancer and other skin conditions such as atopic dermatitis and psoriasis, as well as widespread awareness of cosmetic operations. Acne, for example, is the most common skin condition in the United States, affecting up to 50 million individuals each year. Acne affects around 85 percent of individuals between the ages of 12 and 24. According to recent studies, about 8 million individuals in the United States suffer from psoriasis. As a result, the region's expanding prevalence of skin disorders is rising demand for dermatological devices.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Dermatology Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region

Estimated increase in the consumption rate

Proposed growth of the market share of each region

Geographical contribution to market revenue

Expected growth rate of the regional markets

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