Dermatology Devices 2024 Industry Outlook, Research, Trends and Forecast to 2030

 

Dermatology Devices Industry Overview

The global dermatology devices market size was valued at USD 15.29 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.64% from 2024 to 2030.

The increasing prevalence of skin cancer and other skin diseases is contributing largely to the high demand for the skin care instruments market. Furthermore, growing awareness among people about the aesthetic appeal and technological advancements in skin care instruments are also increasing the adoption of these devices significantly. The rise in disposable income is also considered as one of the important factors driving the market growth of dermatology devices.

Gather more insights about the market drivers, restrains and growth of the Dermatology Devices Market

Skin cancer prevalence is increasing, with melanoma and non-melanoma skin cancers rising. The Skin Cancer Foundation reports that every year in the U.S., approximately 10,130 people die due to melanoma. Additionally, according to the International Agency for Research on Cancer, globally, the number of new melanoma skin cancer is estimated to increase from 324,635 in 2020 to 413,132 by 2030. As a result, there is a growing demand for quick and accurate diagnosis of skin disorders, and it is expected to boost the market in forecast years.

The COVID-19 pandemic has affected various industries. Due to the pandemic, there has been a decrease in the number of patients visiting hospitals and clinics for non-essential medical procedures, including those related to dermatology. This has led to a decline in the demand for dermatological instruments, such as laser therapy and microdermabrasion instruments. However, the market for dermatological devices has seen a V shape recovery. With the successful rollout of vaccines in all regions, the volume of dermatological tools is beginning to recover to its pre-pandemic levels. In 2021, the market has witnessed high demand due to the backlog of 2020 and increased interest from people related to dermatological procedures. The dermatological devices market has witnessed high volatility during the past few months and is expected to return to its normal growth trend by 2023.

The dermatology devices market is developing rapidly due to growing aesthetic awareness. In the current scenario, people of all age groups are increasingly concerned about enhancing their aesthetic appeal. Complete skin rejuvenation improves the aesthetic appeal of a person. There has been a noticeable trend towards utilizing technologically advanced equipment in the field of dermatology. These devices help diagnose and treat various skin diseases accurately and improve one's overall appearance. The advent of non-invasive laser therapies has particularly led to a surge in demand for such advanced equipment.

Browse through Grand View Research's Medical Devices Industry Research Reports.

• The global radiation dose monitoring market size was valued at USD 3.44 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030.

• The global bone densitometers market size was valued at USD 241.2 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.

Key Dermatology Devices Company Insights

Some of the key players operating in the market include Alma Lasers GmbH, Syneron Medical Ltd., Solta Medical, Inc., Cynosure, Ifnc., Cutera, Inc.

Alma Lasers is a company providing light-based, laser, ultrasound, and radiofrequency solutions in surgical and aesthetic fields. The company is present in over 80 countries across the globe. It operates through three major business segments: Surgical, beauty solutions, and medical aesthetic solutions.

Cynosure, Inc. is a manufacturer of light-based systems used in medical and aesthetic procedures. The company’s products are used in procedures such as body contouring, skin rejuvenation, hair removal, and scar reduction. It holds 37 patents and has its own distribution channel with subsidiaries in over 60 countries across the globe.

3Gen, Aesthetic Group, Ambicare Health, Image Derm, Inc are some of the emerging market participants in the dermatology devices market.

3Gen is a medical devices company engaged in manufacturing and marketing of DermLite. The company offers a wide range of dermatoscopes for diagnosis of various skin care conditions and diseases. Majority of the company’s products are used for skin cancer detection.

Image Derm, Inc. is a medical devices company engaged in manufacturing and marketing of microdermabrasion devices. The company offers products for crystal microdermabrasion, diamond microdermabrasion, and serum infusion. It offers its diverse products for various end-use settings such as beauty salons, dermatology clinics, and spas.

Key Dermatology Devices Companies

The following are the leading companies in the dermatology devices market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these dermatology devices companies are analyzed to map the supply network.

  • Alma Lasers GmbH
  • Cynosure, Inc.
  • Solta Medical, Inc.
  • Cutera, Inc.
  • Syneron Medical Ltd.
  • Canfield Scientific, Inc.
  • 3Gen
  • Aesthetic Group
  • Ambicare Health
  • Image Derm, Inc.

Order a free sample PDF of the Dermatology Devices Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Industry Outlook of Fuel Cell Market 2023 Trends to 2030

  Fuel Cell Industry Overview The global fuel cell market size was estimated at USD 7.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2024 to 2030. Increasing demand for unconventional energy sources is one of the key factors driving the growth. Growing private-public partnerships and reduced environmental impact are expected to propel the demand. Governments across the globe are anticipated to supplement the developments by offering support in different forms, including funding R&D activities and funding suitable financing programs. Building a robust regulatory framework is vital as government enterprises need to provide an environment that is favorable for investment. Gather more insights about the market drivers, restrains and growth of the  Fuel Cell Market Most of the U.S. states, such as California and New York, have set mandates to limit the carbon emissions from commercial and industrial end users in the countr...
Read more

Sports Analytics Market Growing Stupendously

  Sports Analytics Industry Overview The global sports analytics market size was estimated to be USD 3.52 billion in 2023 and is projected to grow at a CAGR of 21.5% from 2024 to 2030. The market growth can be attributed to the growing significance of analytics solutions for analyzing team performance, tracking individual players, monitoring injuries, and optimizing training programs. The market is further expanding due to the increasing number of sports leagues as well as national and international sports events across the globe. Gather more insights about the market drivers, restrains and growth of the  Sports Analytics Market The proliferation of wearable technology and sensors has enabled the real-time tracking of athletes, providing a large volume of data on their movements, physiological metrics, and overall performance. This granular information not only aids coaches and sports scientists in optimizing training regimens but also assists teams in making informed de...
Read more

New Tools and Technology Development will drive Private 5G Network Market in coming years

  Private 5G Network Industry Overview The global private 5G network market size was estimated at USD 2.00 billion in 2023 and is expected to grow at a CAGR of 54.1% from 2024 to 2030. Private 5G networks offer businesses and governments dedicated, secure, and high-performance connectivity. This allows them to connect to more devices, improve automation, and deliver better customer experiences. These benefits are driving the adoption of private 5G networks in various industries, including smart cities that rely on private 5G for applications such as traffic management and security, among others. Gather more insights about the market drivers, restrains and growth of the Private 5G Network Market Cellular technology, in the form of private 5G networks, is being used by businesses, organizations, and local governments across various industries. These industries include manufacturing, utilities, transportation, logistics, retail, agriculture, and those involved in smart city in...
Read more