Dermatology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Dermatology Devices Market Analysis

The Dermatology Devices Market is expected to register a CAGR of 12.3% during the forecast period (2022-2027).

The outbreak of the COVID-19 pandemic significantly impacted the dermatology devices market. The closure of non-essential businesses disrupted the dermatology industry. According to a survey by Hamilton Fraser Cosmetic Insurance, conducted in March 2020 with 1,360 cosmetic practitioners in the United Kingdom to assess the impact of the pandemic on cosmetic procedures, stated that 99.78% of practitioners revealed that their practice was affected during the current pandemic. Thus, COVID-19 significantly impacted the growth rate of the market over the pandemic phase, although, with the upliftment of the lockdowns and the resumption of cosmetic treatments globally, the market is expected to show growth over time.

Factors such as the growing geriatric population, increasing awareness about aesthetic procedures, and technological advancements in dermatology devices are expected to propel the growth of the market.

The growing number of aesthetic procedures performed across the world also creates the need for dermatological devices and hence drives the growth of the market. For instance, according to the International Society of Plastic Surgeons report released in December 2021, the total number of aesthetic/cosmetic procedures performed in the year 2020 worldwide for breast augmentation were 1,624,281, liposuction (1,525,197), eyelid surgery (1,225,540), rhinoplasty (852,554), and abdominoplasty (765,248). Furthermore, the launch of technologically advanced products is also propelling the growth of the market. For instance, in December 2021, Obagi, a science-based skincare company and one of the leaders in professional skincare products, launched the Skintrinsiq device and made its entry into the complementary skincare device market. Obagi is one of the first professional skincare companies to design and develop a professional-use facial device offering an advanced delivery system for Obagi's transformational products.

Additionally, the strategic initiatives taken by the market players and approvals for the products are also boosting the growth of the market. For instance, in June 2022, Casio Computer Co., Ltd. issued an EU Declaration of Conformity regarding the DZ-D100 dermatology camera and DZ-S50 dermatology scope after the completion of conformity studies for European Medical Device Regulations (MDR). It also reported that the DZ-D100 and DZ-S50 are expected to launch in Europe in August 2022 and are scheduled to be sold by Casio Europe GmbH (Norderstedt, Germany) and Casio Electronics Co. Ltd. (Wembley, UK). Such initiatives are expected to have a positive impact on the growth of the market.

Thus, owing to the abovementioned factors, the market is expected to have significant growth over the forecast period. However, the side effects related to dermatological treatments and stringent regulatory policies for medical devices may hamper the growth of the market over the analysis period.

Dermatology Devices Market Trends

This section covers the major market trends shaping the Dermatology Devices Market according to our research experts:

Wrinkle Removal Segment is Anticipated to Show High Growth Over the Forecast Period

Dermatology Devices Industry Segmentation

As per the scope of the report, dermatology devices are devices that are installed in hospitals and dermatology clinics to assist physicians and non-physician clinicians. These dermatology devices are used for the diagnosis and treatment of skin-related disorders, cosmetic surgery, and replacement of deformed, damaged, or lost parts of the body; acne; genital herpes; liposuction; skin wounds; venous leg ulcers; genital warts, and others. The market is segmented by diagnostic devices type (imaging devices, dermatoscopes, and microscopes), diagnostic devices application (skin cancer diagnosis and other diagnostic device applications), treatment devices type (light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices), treatment devices application (vascular lesions, acne, psoriasis, and tattoo removal, hair removal, wrinkle removal, body contouring and fat removal, and other treatment device applications), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above-mentioned segments.