Dermatology Devices Market Size & Forecast Report, 2014 - 2025

Industry Insights

The global Dermatology Devices Market size is likely to reach USD 25.7 billion by 2025, registering at a 13.5% CAGR during the forecast period. The rising number of esthetic procedures and escalating prevalence of skin-related disorders are major factors contributing to the growth of the market.

There has been a rise in incidences of poor skin conditions which lead to the increasing number of skin treatments performed where dermatology devices are needed. According to the International Society of Aesthetic Plastic Surgery, around 20,236 thousand aesthetic procedures were performed globally. Thus, this large number of plastic and aesthetic surgeries performed worldwide is also expected to augment the dermatology devices market. Moreover, the increasing aesthetic concern among the population has led to the increased demand for dermatology procedures ultimately leading to the dermatology devices market growth. In addition, hair-related problems are also expected to boost the growth of the market.

The growing prevalence of skin cancer is another major factor contributing to market growth. For instance, according to the American Cancer Society, about 10,130 people die due to melanoma each year in the U.S. Thus, there is rising demand for dermatology products for the diagnosis of skin cancer which can help the prevention of cancer at an early stage. For instance, dermatoscopes are used for the detection of skin cancer by the evaluation of pigmented lesions. Moreover, the growing technological advancements in dermatology devices have led to the increased demand for these products. Furthermore, the increased incidence of the obese population has further led to increased demand for liposuction procedures, where dermatology products are used, ultimately boosting the market growth.

Product Insights

Based on the products, the dermatology devices market is classified into treatment and diagnostic devices. The dermatology treatment segment is estimated to dominate the market due to the increasing population adopting newer dermatological or aesthetic procedures for the treatment of skin disorders and enhancement of the skin. Also, acne-related problems are growing, which is attributed to increased demand for these products for acne treatment. This increase in the demand for acne removal procedures has been attributed to the growth of the market.

The diagnostic segment is expected to grow at a significant rate over the forecast period. This is due to the increased incidence of skin disorders and skin cancer globally, which has created an awareness among people for early-stage diagnosis of cancer.

Type Insights

There are different types of diagnostics products including dermatoscopes, imaging devices, and microscopes available for the diagnosis of the disease. Among them, the imaging segment accounted for the largest revenue share in 2015 due to the increasing prevalence of skin cancer and other skin disorders. The imaging devices are widely used for the early diagnosis of skin cancer. Based on the treatment market is classified into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices. Amongst them, light therapy accounted for the largest market share in 2015 owing to its large usage in acne treatment.
Liposuction devices are expected to showcase a significant growth rate due to an increase in the number of obese people globally and rising concern about fat removal and body contouring amongst people with obesity. Moreover, weight management can be done by liposuction products helping in the prevention the other chronic conditions such as heart diseases and diabetes.

Application Insights

The skin cancer segment accounted for the largest share of the overall market in 2015 due to the increasing incidence of skin cancer worldwide. There is high demand for advanced diagnostics products for the early detection of skin cancer. Amongst the dermatology treatment segment, the vascular lesions dominated the segment in 2015. This high share is due to the large application of lasers and light therapy devices for the treatment of vascular lesions.

Acne, tattoo, and psoriasis removal are expected to showcase a lucrative growth rate during the forecast period. This is due to the increased visibility of the scars due to acne and their removal becomes essential for aesthetic appeal. Moreover, the tattoo can cause various adverse effects in the later phase of life, hence tattoo removal is in demand, boosting the segment growth.

End-Use Insights

The end-user segment is categorized into clinics, hospitals, and other healthcare facilities. The hospital segment held the largest share and is estimated to dominate the market during the study period. This is because of a large number of dermatology and aesthetic procedures performed in the hospitals for various treatments such as skin disorders and fat removal.

The other segment includes diagnostic centers and e-commerce. This segment is projected to show significant growth during the forecast period due to the growing prevalence of skin cancer globally. Thus, there is increased demand for diagnostics products for the early diagnosis of skin cancer.

Regional Insight

North America dominated the market in 2015 due to the highly developed healthcare infrastructure and high disposable income in this region. Moreover, the higher prevalence of skin cancer and obesity in the U.S. also has led to the growth of the market.

The Asia Pacific is expected to showcase the fastest growth during the forecast period. This high growth is due to the growing popularity of medical tourism owing to the availability of less expensive medical treatments in the Asia Pacific region.

Competitive Insights

Some of the key players comprise Solta Medical, Inc.; Alma Lasers, Ltd.; Valeant Pharmaceuticals International Inc.; Cynosure, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Avita Medical Ltd.; and GE Healthcare. These companies are involved in new product development, mergers & acquisitions, collaborations, and geographical expansions to gain maximum share in the sector. For instance, in 2013, cynosure, Inc., acquired Palomar medical technologies, which is expected to strengthen their laser-based treatment product portfolio.

Market Segments:

Dermatology devises Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Diagnostic
    • Treatment

Dermatology Diagnostic Devices Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Dermatoscopes
    • Microscopes
    • Other Imaging Devices
    • Biopsy Devices

Dermatology Diagnostic Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Skin Cancer Diagnosis
    • Others

Dermatology Treatment Devices Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Light Therapy Devices
    • Lasers
    • Electrosurgical Equipment
    • Liposuction Devices
    • Microdermabrasion Devices
    • Cryotherapy Devices

Dermatology Treatment Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Hair Removal
    • Skin Rejuvenation
    • Acne, Psoriasis, and Tattoo Removal
    • Wrinkle Removal and Skin Resurfacing
    • Body Contouring and Fat Removal
    • Cellulite Reduction
    • Vascular and Pigmented Lesion Removal
    • Others

Dermatology devises End-use Outlook (Revenue, USD Million, 2014 - 2025)
    • Hospitals
    • Clinics
    • Others

Dermatology devises Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • Japan
        • China
        • India
    • Latin America
        • Brazil
        • Mexico
    • MEA
        • South Africa