The global dermatology devices market is estimated to grow significantly, at a CAGR of over 13% during the forecast period. The major factors contributing to the market growth include growing infections in hospitals and laboratories, coupled with the increasing surgical procedures in hospitals. As per the American Society of Plastic Surgeons (ASAPS) in 2017, surgical procedures accounted for 60% of the total expenditures of healthcare and nonsurgical procedures accounted for 40% of the total expenditures in the US. Thus, increasing surgical procedure encourages the demand for dermatology devices in hospitals. 

Stringent government regulations in healthcare are further contributing to the dermatology devices market growth. The increasing government initiatives towards awareness of health and safety are encouraging the demand for dermatology devices in the healthcare sector. Increasing incidence of wound infection due to poor hygiene, sanitation, and others are contributing to the growth of the market. The dermatology devicesare used to reduce infection that raises in the hospitals due to various surgical procedures. Infections are inconvenient and painful and lead to failure or delay in wound healing and poor cosmetic outcomes.

Segmental Outlook  

The dermatology devices market is classified on the basis of product type and application. Based on product type, the market is segregated into diagnostic devices and treatment devices. Thedermatology diagnostic devices market is further segmented into dermatoscope, imaging devices, and microscopes. Whereas, thedermatology treatment devices covered in the market report include lasers, cryotherapy devices, light therapy devices, electrosurgical equipment, and others. Based on the applications, the market is segmented into skin rejuvenation, hair removal, body contouring, tattoo removal, and others. 

Global Dermatology Devices Market Share by Product Type, 2018(%)

Global Dermatology Devices Market to be Driven by the Rising Application of Skin Rejuvenation

The skin rejuvenation segment contributes a significant share in the global market. The market growth is backed by increasing surgical procedures to improve various signs of aging on the face and neck such as relaxation of the skin, deepening of the fold lines between the nose and corner of the mouth, loose skin and excess fat of the neck and many more. In recent times, surgical cosmetic procedures have become prominent as more and more individuals are undergoing dermatological therapies to correct the aesthetic appearance such as laugh lines and more. Introduction of technologically advanced devices, such as non-invasive or minimally invasive devices further results in segmental growth in the market.

Regional Outlook 

The global dermatology devices market is classified on the basis of geography, including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The major countries which will contribute to the market include China, India, and Japan. The increasing influence from western culture is propelling the demand for lip augmentation, wrinkle treatment, and other non-surgical cosmetic procedures in China. According to the International Society of Aesthetic Plastic Surgery(ISAPS), China had 2,800 plastic surgeons in 2017, estimating around 6.4% of the total plastic surgeons across the globe. Such a wide availability of cosmetic surgeons further possesses to the increase in the demand for non-surgical cosmetic procedures in China.

North America Contributes a Significant Share in the Global Market

North America is projected to have a significant share in the global dermatology devices market. The developed healthcare infrastructure along with the increasing consciousness for appearance in adults is one of the major factors that propel market growth. In North America, the US dermatology devices market has witnessed considerable growth owing to the rising demand for cosmetic procedures coupled with high consciousness about facial rejuvenation and an increasing number of medical spas in the region. For instance, as per the ASPS, there were 17.7 million surgical and minimally invasive cosmetic procedures performed in the US in 2018. Moreover, the demand for minimally invasive cosmetic procedures has grown significantly as compared to surgical procedures in the US, which in turn, is driving the market growth in the region.

Market Players Outlook

The key players in the dermatology devices market are contributing significantly by providing advanced technology-based products and expanding their geographical presence across the globe. Some of thekey players operating in the global dermatology devices market include Alma Lasers GmbH, Bausch Health Companies Inc., AVITA Medical Ltd., Beurer GmbH, Candela Corp., Cutera Inc., Cynosure Inc. (A Hologic Company), and Lumenis Ltd., among others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in September 2018, Candela Corp. acquired Ellipse, a Denmark-based medical device manufacturer and supplier of dermatology products. With this acquisition, the company expanded its portfolio in the dermatology devices segment that further increased the revenue of the company in the market. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global dermatology devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.