The dermatology devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dermatology Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dermatology devices market size has grown rapidly in recent years. It will grow from $14.06 billion in 2023 to $16.33 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to increased skin health awareness, dermatological conditions prevalence, aging population, increased aesthetic and cosmetic procedures, and skin cancer diagnostics.
The dermatology devices market size is expected to see rapid growth in the next few years. It will grow to $28.84 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to minimally invasive treatments, rising medical tourism, emerging market growth, and increasing research and development activities. Major trends in the forecast period include adoption of tele-dermatology services, ai and machine learning applications, personalized dermatology care, advanced laser technologies, and dermatology innovation.
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Scope Of Dermatology Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dermatology Devices Market Overview
Market Drivers –
The increasing prevalence of skin cancer and other skin diseases is expected to propel the growth of the dermatology devices market going forward. Skin cancer is the uncontrolled proliferation of abnormal cells in the epidermis, the outermost layer of the skin. It is caused by malignant tumors formed from unrepaired DNA damage. Other skin-related diseases include eczema, cold sores, dry skin, acne, and others. In order to remove skin tumors, dermatological devices such as light treatment devices, lasers, and electrosurgical equipment are used. For instance, according to the American Cancer Society, a US-based voluntary health organization, in 2022, around 99,780 new melanoma skin cancer cases were diagnosed and around 7,650 patients died due to melanoma, in the US. Therefore, the growing prevalence of skin cancer and other skin diseases is driving the growth of the dermatology devices market.
The dermatology devices market covered in this report is segmented –
1) By Product Type: Diagnostic Devices, Treatment Devices, Other Product Types
2) By Application: Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation, Warts, Other Applications
3)By End User: Hospitals: Clinics, Other End Users
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Regional Insights –
North America was the largest region in the dermatology devices market in 2023. Asia-Pacific is the second largest region in the dermatology devices market. The regions covered in the dermatology devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the dermatology devices market include Cutera Inc., Lumenis Ltd., Alma Lasers Ltd., Solta Medical Inc., Aesthetic Group, Ambicare Health Ltd., Image Derm Inc., Johnson & Johnson Private Limited, AMD Global Telemedicine Inc., Cortex Technology ApS, HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics Ltd., Bruker Corporation, Bovie Medical Corporation, Illuco Corporation Ltd., Photomedex Inc., Applisonix Ltd., Candela Medical Corporation, STRATA Skin Sciences Inc., WON TECH Co. Ltd., LUSTRE® ClearSkin Ltd., DermLite LLC, Genesis Biosystems Inc., Cynosure LLC, Canfield Scientific Inc., Bausch Health Companies Inc., Stiefel Laboratories, Sun Pharmaceutical Industries Limited, L’Oreal S.A., Galderma S.A., Merz Pharma GmbH & Co. KGaA, Allergan plc, Syneron Medical Ltd., Bio-Therapeutic Inc., Sciton Inc., Viora Ltd.
Table of Contents
- Executive Summary
- Dermatology Devices Market Characteristics
- Dermatology Devices Market Trends And Strategies
- Dermatology Devices Market – Macro Economic Scenario
- Global Dermatology Devices Market Size and Growth
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- Key Mergers And Acquisitions In The Dermatology Devices Market
- Dermatology Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Dermatology Devices Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Dermatology Devices Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Dermatology Devices Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Cutera Inc. Financial Performance
Table 75: Lumenis Ltd. Financial Performance
Table 76: Alma Lasers Ltd. Financial Performance
Table 77: Solta Medical Inc. Financial Performance
Table 78: Aesthetic Group Financial Performance
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