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
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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
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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
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
The List of Companies - Dermatology Treatment Devices Market
- Cutera Inc.
- Bausch Health Companies Inc.
- Sciton, Inc.
- Lumenis
- Alma Lasers
- Cynosure
- Candela Corporation
- Biofrontera Ag
- Avita Medical
- 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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