Report Overview

The global dermatology devices market was pegged at US$ 54.08 billion in 2021 and is expected to witness a CAGR of 4.4% during the forecast period.

Market Fundamentals 

Dermatology devices support surgeons and dermatologists in the treatment and analysis of skin disorders. These devices improve the precision level of dermatologists while diagnosing distinct types of skin disorders. These devices are used by medical care providers such as dermatology clinics, academic research institutes, physician’s officers, and hospitals. Dermatology devices can be used for skin biopsy, cryosurgery, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, and electrodesiccation and curettage. There are various skin disorders, which include psoriasis, eczema, acne, rosacea, ichthyosis, vitiligo, hives, seborrheic dermatitis, and other skin disorders, which can vary in symptoms and severity. The increasing prevalence of skin cancer and other skin diseases is contributing largely to the high-ranking product demand. Also, increasing awareness among people about the technological advancements and aesthetic appeal of dermatology devices are developing the acceptance of these devices significantly. A rise in disposable income is also considered one of the important factors running the growth of the market.

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Market Dynamics

In the past few years, the market has observed several variations in consumer buying patterns and, behavior. Nowadays, men are also paying more attention to their needs before purchasing the product. As people have become employed more than ever, this has become noticeable due to a significant shift in the lifestyle, which expanded the consumption of dermatological devices. Other than this, they have become more active on social media than ever and everyone wants to look good on the platforms like Instagram, Snapchat, Facebook, and other social media platform. Thus, the device used in the application for hair removal, acne, skin rejuvenation, skin resurfacing, psoriasis and tattoo removal, wrinkle removal, body contouring and fat removal, vascular and pigmented lesion removal, warts, skin tags, and weight management is also expanded, eventually driving the market growth over the forecast period.  For instance, the Cadogan Clinic reported a huge expansion in facial surgery, which saw a ten-fold increase, a 188% rise in fat transfer/face-lift procedures, and a 78% increase in rhinoplasties in the year 2020 than the last year. Thus, the demand for dermatological devices for cosmetic procedures in order to enhance appearance has been greater than ever in the impending years​.

Market Ecosystem

The global dermatology devices market has been analyzed from four perspectives:  by type, application, end user, and region.

Dermatology Devices Market by Type

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Based on type, dermatology devices market is segmented into diagnostic devices and treatment devices. Diagnostics devices are sub segmented into imaging device, dermatoscope, and microscope whereas treatment devices is also sub segmented into electrosurgical, cryotherapy, and laser devices. Treatment devises dominated the segment during the forecast period owing to the increased emphasis on early recognition and the rise in the prevalence of the disease. In addition, the growth in the number of surgical procedures applying these dermatology devices would boost the market growth in the upcoming years. The highest share of this segment can be attributed to technological advancement and the growing incidence of skin diseases. In 2021 Laser hair removal devices generated the highest revenue share, remaining to the huge benefits associated with these devices.This segment has it’s applications for numerous procedures like hair removal, acne, skin rejuvenation, psoriasis & tattoo removal, body contouring & fat removal, wrinkle removal & skin resurfacing, vascular and pigmented lesion removal, and others. For instance, according to the International Society of Aesthetic Plastic Surgery, treatments like non-invasive fat reduction witnessed a 21.1% increase, laser hair removal witnessed a 76.1% increase, and photo rejuvenation had a 32.3% increase in 2020 as compared to 2019. 

Dermatology Devices Market by Application 

Based on application, dermatology devices market is segmented into skin cancer, acne, psoriasis, skin rejuvenation, and warts.  The skin cancer segment is projected to gain maximum revenue during the forecast period, due to a surge in occurrences of skin cancer, which needs early diagnosis. As well as, increasing research on skin cancer diagnosis for prevention with skin related conditions would improve the segment to generate high ranking revenue shares in the upcoming years. Flow in the prevalence of disorders related to skin, which needs dermatology devices for the management of the condition is projected to boost the market growth to produce higher revenue. The surge of prevalence conditions, such as psoriasis, acne, and other skin disorders, is projected to help the market produce higher profits during the forecast period.  The rise in healthcare spending and treatment of skin conditions would also help the market to gain traction.

Dermatology Devices Market by End User

Based on type, dermatology devices market is segmented into hospitals, clinics, and other end users. The clinic’s segment is expected to generate the most revenue during the forecast period, owing to an increase in the number of outpatients who prefer clinics. Furthermore, the presence of skilled professionals for diagnostics and increased investment by specialty clinics in adopting advanced product types would aid the segment in gaining a significant market share in the coming years.

Dermatology Devices by Region

Based on the region, the global dermatology devices market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America reported the largest revenue share during the forecast period. The growing prevalence of skin cancer and other skin diseases, such as eczema & rosacea, and expanding acceptance of cosmetic procedures are some of the major factors influencing the growth of the regional market. According to the Centre for Disease Control, Acne vulgaris impacts 80% of the U.S. population at some time during their lives and 20% of them suffer from severe acne, which can result in mental scarring.

Competitive Landscape

Some of the prominent players in the global dermatology devices market include 

• Alma Lasers GmbH
• Cynosure, Inc. 
• Solta Medical, Inc.
• Cutera, Inc. 
• Bruker Corporation 
• Syneron Medical Ltd.
• Canfield Scientific, Inc.
• Carl Zeiss
• Candela Corporation 
• HEINE Optotechnik GmbH & Co. KG
• Lumenis, Ltd.
• Bovie Medical Corporation

Strategic Developments

• In January 2021, Casio Computer Co., Ltd. stated that the impending release of the DZ-D100 DERMOCAMERA permits close-up shots with the lens quickly touching the skin as well as ordinary shots, all with the help of a single camera. It takes polarized and non-polarized shots to record the lesion on the surface of the skin.
• In December 2021, Obagi, a science-based skin care company and a lead in professional skincare products for over 30 years, announced the official launch of the Skintrinsiq device, its first entry into the corresponding skincare device market. The Skintrinsiq system builds on Obagi's unique understanding of the skin to provide a relaxing, spa-like facial experience that extracts impurities before infusing proven Obagi's skincare products through treatment protocols tailored to individual skincare needs.
• In April 2019, Alma Lasers announced the launch of BeautiFill. It is the first laser-based platform that produces high quality autologous fat for face contouring and holistic body. The new product offers physicians, the opportunity to upgrade aesthetic medicines by adding a new treatment to practice.

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