Global Dermatology Devices Market
The global dermatology devices market, by product type (Microdermabrasion Devices, RF Devices, and Lasers), by application (Vascular Lesions, Scar Removal, Tattoo removal, Hair removal, Wrinkle Removal, Acne Treatment, Skin Rejuvenation, and Pore Reduction), by end user (Hospitals, Specialty Dermatology Clinics, and Private Clinics), by region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was pegged at US$ 4,546.2 million in 2019, and is further estimated to exhibit a robust CAGR of 7.6% over the forecast period (2019-2027).
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The rising adoption of dermatology devices worldwide can be primarily attributed to the consistent technological developments and product innovations in the global dermatology sector. For instance, in July 2019, Hologic’s Cynosure division announced the launch of two new products in order to expand the company’s portfolio of dermatological treatments. The TempSure firm hand-piece is the latest innovation launched on the TempSure platform. It is an expandable technology with the ability to perform surgical and non-surgical aesthetic applications in a 300W, 4MHz device. The other product, named SculpSure is a non-surgical body contouring (lipolysis) treatment designed to permanently eliminate fat cells in problem areas.
In April 2019 Lumenis Ltd., an energy-based medical devices manufacturer, announced the launch of its latest platform, dubbed as the Legend Pro+, which is a unique multi-application platform powered by four clinically-proven, complimentary technologies. Furthermore, in January 2019, Avita Medical Ltd. commercialized the RECELL autologous cell harvesting device across the U.S. market. Hence, most market leaders are focused on strategic agreements or partnerships in order to expand their businesses, and augment their global market share.
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Growing prevalence of skin diseases has resulted in a major upsurge in healthcare costs. As per a study published in the Journal of the American Academy of Dermatology in May 2017, the total healthcare costs pertaining to skin diseases increased from an estimated US$ 28.7 million in 2004 to US$ 44 million in 2013. Therefore, the rising demand for dermatology devices, combined with technological advancements, helps encourages the market players to launch innovative dermatology devices in the global market. For instance, in September 2017, the Northwestern University conducted a pilot study to evaluate the effect of Fraxel Restore 1550 nm fractional erbium-glass laser in patients with alopecia areata.
Key Takeaways:
- Increasing adoption of radiofrequency devices, such as micro-needle radiofrequency and laser resurfacing devices used in cosmetic surgery, is a pivotal aspect expected to lead to significant market growth.
- On the basis of product type, the laser segment accounted for the highest market share in the global dermatology devices market in 2018, and it is expected to dominate the market over the forecast period, due to the growing application of lasers in dermatological procedures for treating various skin conditions, such as external ulcers, warts, skin tumors, etc.
- By application, the acne treatment segment held a significant market share in 2018, due to increasing aesthetic awareness among consumers. Moreover, companies are adopting online sales channel to capture greater chunk of the market especially in India and China, wherein the market potential is relatively higher than that of the developed countries around the world.
- The well-known companies operating in the global dermatology devices market include Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Hologic, Inc. Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Regulatory Scenario
- PEST Analysis
- COVID-19 Impact Analysis
- Market Dynamics
- Global Dermatology Devices Market, By Product Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Laser Type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Fractional
- Diode
- InfraRed 1319 nm
- Alexandrite laser
- Nd:YAG 1064 nm
- Pulsed
- Potassium Titanyl Phosphate (KTP)
- IPL
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- RF Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Microdermabrasion devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Introduction
- Global Dermatology Devices Market, By Application, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Vascular Lesions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Scar Removal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Tattoo removal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Hair removal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Wrinkle Removal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Acne Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Skin Rejuvenation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Pore Reduction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Dermatology Devices Market, By End User, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Specialty Dermatology Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Private Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Dermatology Devices Market, By Regions, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
About Us:
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