Dermatology diagnostic devices refer to specialized medical tools used to examine and diagnose skin conditions, ranging from essential magnifying glasses for visual inspection to advanced technologies for precise evaluation. These devices aid dermatologists in identifying and treating various skin disorders and diseases.
Sizing and Forecast
The dermatology diagnostic devices market size has grown rapidly in recent years. It will grow from $16.12 billion in 2023 to $18.28 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increased skin disorders and conditions, rise in awareness of skin cancer, advancements in dermatological research, expansion of aesthetic dermatology, shift towards preventive dermatology..
The dermatology diagnostic devices market size is expected to see rapidly grown in the next few years. It will grow to $28.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to rising geriatric population, global increase in dermatological disorders, telemedicine and remote dermatology services, personalized dermatology treatment approaches, awareness campaigns and skin health education.. Major trends in the forecast period include multipurpose diagnostic platforms, personalized medicine approaches, integration with electronic health records (ehrs), telemonitoring for chronic skin conditions, enhanced connectivity and data security..
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Segmentation & Regional Insights
The dermatology diagnostic devices market covered in this report is segmented –
1) By Type: Dermatoscopes, Imaging Equipment, Microscopes And Trichoscopes, Biopsy Devices, Other Types
2) By Application: Dermatitis, Psoriasis, Skin Cancer, Lesion, Cellulitis, Other Applications
3) By End-Users: Dermatology Centers, Hospitals, Other End-Users
North America was the largest region in the dermatology diagnostic devices market in 2023. The regions covered in the dermatology diagnostic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The surging prevalence of skin cancer is expected to propel the growth of the dermatology diagnostic devices market going forward. Skin cancer refers to the abnormal growth of skin cells, typically caused by ultraviolet (UV) radiation, with types including basal cell carcinoma, squamous cell carcinoma, and melanoma, which require prompt diagnosis and treatment to prevent potential spread. Dermatology diagnostic devices enable dermatologists to diagnose skin cancer more effectively, leading to increased adoption and investment in the field. For instance, in April 2022, according to the American Academy of Dermatology Association, a US-based non-profit medical specialty association, an estimated 197,000 new cases of melanoma (a type of skin cancer), 97,920 non-invasive (in situ), and 99,780 invasive, would be diagnosed. Further, approximately 9,500 people in the U.S. are diagnosed with skin cancer daily. Therefore, the surging prevalence of skin cancer drives the dermatology diagnostic device market.
Key Industry Players
Major companies operating in the dermatology diagnostic devices market report are Siemens Healthcare Private Limited, Koninklijke Philips N.V., GE Healthcare Technologies Inc., Valeant Pharmaceuticals International Inc (Bausch Health), Illumina Inc., Galderma laboratories LP, Canon Medical Systems Corporation, Bruker Corporation, Carl Zeiss Meditec AG, Agfa-Gevaert Group, Leica Microsystems GmbH, Welch Allyn Inc., Alma Lasers Ltd., Candela Corp., Solta Medical Inc., MELA Sciences Inc. (STRATA Skin Sciences Inc), Fotofinder Systems GMBH, Aerolase Corp, Photomedex Inc., Canfield Scientific Inc., DermLite LLC, HEINE Optotechnik GmbH & Co. KG., Toshiba Medical Systems Corporation, AMD Global Telemedicine Inc., Spindletop Capital Management LLC
The dermatology diagnostic devices market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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