Dermatology Treatment Devices Market Forecast 2027 | Size, Growth

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Dermatology Treatment Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Lasers, Light Therapy Devices, Cryotherapy Devices, Microdermabrasion Devices, Energy-Based Therapies Devices, and Microneedling); Application (Skin Resurfacing, Skin Rejuvenation, Hair Removal, Psoriasis, Scar, Warts and Skin Tags, Hyperpigmentation and Vascular Lesions, Acne, Tattoo Removal, and Hyperhidrosis); End User (Hospitals, SPA Clinics, Dermatology Clinics, and Surgical Centers), and Geography

Publication Month: Oct 2020 | Report Code: TIPRE00014992 | No. of Pages: 215 | Category: Medical Device | Status: Published

The dermatology treatment devices market is expected to reach US$ 8,800.07 million in by 2027 from US$ 5,320.73 million in 2019;. The market it is estimated to grow with ata CAGR of 6.7% from 2020 to 2027.

Factors such as rising prevalence of skin issues and technological advancements in dermatology treatment devices are expected to boost the growth of the market. However, the risk of undesirable side effects associated with the use of dermatology treatment devices is likely to hinders the Dermatology Treatment Devices market its growth.

Lucrative Regional Markets for Dermatology Treatment Devices

Lucrative Regional Markets for Dermatology Treatment Devices

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Market Insights

Rising Prevalence of Skin Abnormalities and Skin Cancer Drives Dermatology Treatment Devices Market

Age-related skin issues such as pigmentation, wrinkles, creases, and acne, as well as burn scars caused during accidents are common among masses. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting ~50 million Americans annually. ~85% of people from the age group of 12–24 experience minor acne problems. The costs associated with the treatment of acne, as well as lost productivity among those receiving treatment for acne, exceeded US$ 1.2 billion in 2013; more than 5.1 million people, primarily children and young adults, and sought medical treatment for acne in the same year. Further, 1 in 10 people develops atopic dermatitis during their lifetime, and the condition affects up to 25% children and 2–3% of adults. Moreover, ~28% women with age less than 25 admit that they regularly worry about their signs of aging, and this number increases to 42% and 54% among those belonging to the age groups 25–34 and 35–44, respectively. In addition, according to a poll conducted by conducted Dermstore with 2,000 women across the US, young women started using products to reduce the signs of aging much sooner than older women. Further, the European Commission (EC) has ranked skin diseases as the fourth most common cause of human illness.

The prevalence of skin cancer has dramatically increased in the recent years. According to the National Cancer Institute in the US, skin cancer accounts for ~4.6% of the total newly occurring cancer cases in the country. The World Health Organization (WHO) reported the incidence of 2–3 million non-melanoma and 132,000 melanoma cases every year in the world. In addition, according to the Skin Cancer Foundation Statistics, one in every five Americans is likely to develop skin cancer once in their lifetime. These issues require critical medical intervention and appropriate devices for their therapeutic treatment to combat severe condition, which is further likely to propel the growth of the dermatology treatment devices market.

Product Type-BasedInsights

Based on On the basis of product, the dermatology treatment devices market was segmented into lasers, light therapy devices, energy-based therapies devices, microdermabrasion devices, microneedling, and cryotherapy devices. In 2019, the lasers segment accounted for the highest largest share in the market and is likely to retain its share-based dominancet share duringthe forecast period. The projected growth of the market for this segment is attributed owing to the factors such as increasing adoption of lasers for aesthetic and dermatology issues, rising adoption of laser-based procedures, ease of the treatment, and reliability of the procedure results. In addition, development of low-cost lasers for home-based uses procedures is likely to offer a key growth opportunity for the market players operating in the dermatology treatment devices market playersindustry.

Global Dermatology Treatment Devices Market, by Product Type– 2019and 2027

Global Dermatology Treatment Devices Market, by Product Type– 2019and 2027

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Application-Based Insights

The dermatology treatment devices market, by application, is segmented into skin resurfacing, skin rejuvenation, hair removal, psoriasis, scar, warts and skin tags, hyperpigmentation and vascular lesions, acne, tattoo removal, and hyperhidrosis. The skin rejuvenation segment held the largest share of the market in 2019, whereas the hair removal segment is anticipated to register the highest CAGR in the market during the forecast period.

Distribution Channel-Based Insights

Global The dermatology treatment devices market, based on distribution channel, is segmented into,hospitals pharmacies , pharmacies &and drug stores, and online pharmacies. In 2019, the hospitals pharmacies segment held the largest share of the market, by distribution channel. Moreover, , and the market for the same segment is anticipated to register estimated to grow at the highest CAGR in the market during the forecast period.

End User-Based Insights

On the basis of end-user, the dermatology treatment devices market has been segmented into hospitals, SPA clinics, dermatology clinics, and surgical centers. The dermatology clinics held the largest share of the market in 2019, and the same segment it is further estimated to register the highest CAGR in the market during the forecast period2020–2027.

Strategic Insights

Report Coverage - Dermatology Treatment Devices Market
Report CoverageDetails
Market Size Value inUS$ 5,320.73 Million in 2019
Market Size Value byUS$ 8,800.07 million in by 2027
Growth rateCAGR of 6.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages215
No. of Tables84
No. of Charts & Figures80
Historical data availableYes
Segments coveredProduct Type ; Application ; End User , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The dermatology treatment devices marketThe companies players such as CANDELA CORPORATION; Sciton, Inc.; and Cynosure have maximized their growth with been adopting several organic and inorganic strategies to enhance theirmarket value revenue and position in the market standings. Strategic developments made by the companies that are operating in the related market are companies such as CANDELA CORPORATION, Sciton, Inc., Cynosure and other companies have been implementing various inorganic and organic developments that have bought about dynamic improvements in the market they are operating. For instance, in June 2020, Cynosure introduced the Elite iQ platform, the next generation of the Elite+. The Elite iQ platform leverages Skintel, the aesthetic industry's only live Melanin Reader, to offer customized laser hair removal treatments and permanently reduce unwanted hair; it is suitable for all skin types.

Dermatology Treatment Devices Market– byProduct Type

  • Lasers
  • Light Therapy Devices
  • Cryotherapy Devices
  • Microdermabrasion Devices
  • Energy-Based Therapy Devices
  • Microneedling

Dermatology Treatment DevicesMarket– by Application

  • Skin Resurfacing
  • Skin Rejuvenation
  • Hair Removal
  • Psoriasis
  • Scars
  • Warts and Skin Tags
  • Hyperpigmentation and Vascular Lesions
  • Acne
  • Tattoo Removal
  • Hyperhidrosis

Dermatology Treatment DevicesMarket– by End User

  • Hospitals
  • Spa Clinics
  • Dermatology Clinics
  • Surgical Centers

Dermatology Treatment DevicesMarket – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and &Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East &Africa
  • South and Central America

    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Cutera Inc.
  • Bausch Health Companies Inc.
  • Sciton, Inc.
  • Lumenis
  • Alma Lasers
  • Cynosure
  • Candela Corporation
  • Biofrontera Ag
  • Avita Medical
  • PhotoMedex

Frequently Asked Questions

Dermatology is a medical field engaged in the diagnosis, prevention, and treatment of various diseases related to nails, skin, and hair, such as pigmentation, acne, wrinkles, and psoriasis. The devices are used to treat skin conditions and are also employed to prevent certain skin disorders. Major devices used for derma treatments are lasers, light therapy devices, cryotherapy devices, microdermabrasion devices, and energy-based therapies devices, micro needling among others.
Factors such as rising prevalence of skin issues and technological advancements in dermatology treatment devices are expected to boost the growth of the market. However, the risk of undesirable side effects associated with the use of dermatology treatment devices is likely to hinder the market growth
Global dermatology treatment devices market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa and South & Central America. In North America, the U.S. holds a significant share of the dermatology treatment devices market. Innovations in the product line primarily drive the growth of the market in the country. The country focuses on changing the overall landscape and the best in the class healthcare infrastructure, advanced facilities, and awareness with respect to advances in the dermatology treatments and procedures.On the other hand, growing disposable incomes in Asian economies and awareness towards cosmetic procedures coupled with increasing incidence of skin cancer is likely to be responsible for the fastest growth of the Asia Pacific region in the global dermatology treatment devices market over the coming years.

The List of Companies - Dermatology Treatment Devices Market

  1. Cutera Inc.
  2. Bausch Health Companies Inc.
  3. Sciton, Inc.
  4. Lumenis
  5. Alma Lasers
  6. Cynosure
  7. Candela Corporation
  8. Biofrontera Ag
  9. Avita Medical
  10. PhotoMedex
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the dermatology treatment devices market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global dermatology treatment devicesmarket, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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