Dermatology Devices Market (By Product & Application: Diagnostic Devices, Treatment Devices; By End Use: Hospitals, Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The global dermatology devices market size was estimated at around USD 15.31 billion in 2023 and it is projected to hit around USD 50.43 billion by 2033, growing at a CAGR of 12.66% from 2024 to 2033. The dermatology devices market is driven by a confluence of factors including technological advancements, rising prevalence of skin disorders, and increasing awareness regarding aesthetic procedures.

Key Pointers

• North America dominated the market with the largest market share of 44% in 2023.
• By Production, the treatment devices segment held the largest revenue share of 80% in 2023.
• By Application, the hair removal application generated the maximum market share in 2023.
• By End-Use, the hospital segment dominated the market in 2023.

Dermatology Devices Market Growth Factors

The growth of the dermatology devices market is fueled by several key factors. Firstly, technological advancements have revolutionized the field, introducing non-invasive and minimally invasive procedures that offer enhanced precision and efficacy. Additionally, the rising prevalence of skin disorders globally, attributed to factors like lifestyle changes and environmental pollution, has spurred the demand for advanced diagnostic and treatment solutions. Moreover, the increasing emphasis on aesthetic procedures, driven by growing consumer awareness and demand for cosmetic enhancements, has contributed significantly to market growth. These factors collectively underscore a promising trajectory for the dermatology devices market, presenting ample opportunities for innovation and expansion in the coming years.

Dermatology Devices Market Trends:

• Rapid Technological Advancements: Continuous innovation in dermatology devices, such as lasers, light therapy systems, and radiofrequency devices, is driving the market forward. These advancements enable more precise and effective treatment options for various skin conditions.
• Growing Demand for Non-invasive Procedures: There's a notable increase in demand for non-invasive and minimally invasive procedures due to their shorter recovery times, fewer side effects, and enhanced patient comfort. Devices offering such procedures, like lasers and intense pulsed light (IPL) systems, are witnessing high adoption rates.
• Focus on Aesthetic Dermatology: The rising emphasis on aesthetic procedures, including wrinkle reduction, skin rejuvenation, and hair removal, is fueling the demand for dermatology devices tailored to cosmetic treatments. Dermal fillers, botulinum toxin injections, and IPL systems are among the sought-after devices in this segment.
• Shift towards Home-Use Devices: There's a noticeable trend towards the development and adoption of dermatology devices designed for home use. These devices offer convenience and accessibility to patients for managing certain skin conditions and aesthetic concerns without the need for frequent clinic visits.
• Integration of Artificial Intelligence (AI): The integration of AI technology into dermatology devices is gaining traction, enabling more accurate diagnosis, treatment planning, and patient management. AI-powered imaging systems and diagnostic tools are enhancing the capabilities of dermatologists and improving patient outcomes.
• Focus on Skin Cancer Detection and Monitoring: With the increasing incidence of skin cancer worldwide, there's a growing focus on dermatology devices for early detection and monitoring of skin lesions. Advanced imaging techniques, such as dermoscopy and confocal microscopy, are being integrated into devices to aid in the diagnosis and management of skin cancer.

Product Insights

The treatment devices segment dominated the market with a share of approximately 80% in 2023 and is projected to maintain the highest compound annual growth rate (CAGR) throughout the forecast period. This is primarily due to the broad spectrum of applications offered by dermatological treatment devices. Furthermore, the introduction of novel technologies within the laser device category has significantly contributed to the robust growth observed in this segment. Conversely, the relatively lower market share of diagnostic devices can be attributed to limited awareness regarding emerging diagnostic instruments. Nevertheless, the escalating prevalence of skin cancer is expected to bolster the growth trajectory of this segment in the forthcoming years.

Within the treatment devices category, laser products commanded the largest market share in 2023 and are poised to exhibit the most substantial growth over the forecast period, driven by their widespread adoption. Conversely, dermatoscopes emerged as the dominant segment within the diagnostic devices category in 2023, owing to the availability of advanced technological features.

The dermatology diagnostic devices market is forecasted to witness notable expansion over the forecast period, fueled by the escalating prevalence of dermatological conditions on a global scale. The surge in skin disorders, coupled with heightened awareness regarding early detection and treatment, has propelled the demand for advanced diagnostic devices within the dermatology devices market.

Application Insights

In 2023, the hair removal application segment emerged as the market leader, holding the largest share. Within the treatment application segment, hair removal is one of several categories, including skin rejuvenation, acne treatment, psoriasis management, tattoo removal, wrinkle reduction, skin resurfacing, body contouring, fat removal, cellulite reduction, vascular and pigmented lesion removal, and others.

According to data from the International Society of Aesthetic Plastic Surgery, plastic surgeons worldwide reported a substantial increase in procedures performed in 2022. The statistics revealed an 11.2% rise in overall procedures, with over 14.9 million surgical and 18.8 million non-surgical procedures conducted globally. This trend underscores the increasing demand for aesthetic treatments, which will directly influence the adoption of advanced and efficient dermatology devices.

End-Use Insights

In 2023, the hospital segment dominated the market, holding the largest share, primarily due to the presence of advanced dermatology equipment within hospital settings. Additionally, the wide array of treatment options available in these facilities has contributed to an increased number of visits for skin disease diagnosis and treatment.

The demand for specialized skin care treatments has prompted patients to seek services from specialty dermatology clinics, resulting in significant growth in this segment. Moreover, the global rise in the prevalence of skin cancer and melanoma, coupled with the growing number of clinics offering skin care services, has further bolstered patient visits to dermatology clinics for treatment and care.

Clinics serve as both cosmetic and medical facilities specializing in the diagnosis and treatment of various skin conditions. They provide a range of services, including both surgical and nonsurgical procedures, administered by certified plastic surgeons. According to TripleTree, as of 2020, there were 9,000 dermatology practices and 14,000 dermatologists in the United States. Among these practices, 34% operated as solo practices, while 48% included three or more physicians.

Regional Insights

In 2023, North America held the largest revenue share in the market, accounting for 44%. This dominance is attributed to several factors, including the rising prevalence of skin cancer and other skin conditions such as acne, eczema, and rosacea. Additionally, the increasing adoption of cosmetic procedures has contributed to market growth in this region.

The U.S. dermatology device market is projected to sustain its growth momentum in the upcoming years. This growth will be driven by factors such as the growing demand for non-invasive and minimally invasive treatments, continuous advancements in technology, the introduction of new devices, and the escalating prevalence of skin care diseases. According to the Centers for Disease Control and Prevention (CDC), Acne vulgaris affects 80% of the U.S. population at some point in their lives, with 20% experiencing severe acne, which can lead to permanent physical and mental scarring.

Dermatology Devices Market Key Companies

• Alma Lasers GmbH
• Cynosure, Inc.
• Solta Medical, Inc.
• Cutera, Inc.
• Syneron Medical Ltd.
• Canfield Scientific, Inc.
• 3Gen
• Aesthetic Group
• Ambicare Health
• Image Derm, Inc

Recent Developments

• In April 2023, Canfield Scientific obtained certification for its quality management system, meeting the ISO 9001:2015 and ISO 13485:2016 standards.
• In February 2023, Candela Corporation, a leading global manufacturer of medical aesthetic devices, announced that Health Canada had licensed and made available two of its innovative platforms: the dual-wavelength Frax Pro non-ablative fractional laser platform and the Nordlys multi-application platform featuring Selective Waveband Technology (SWT).

Dermatology Devices Market Segmentations:

By Production

• Diagnostic Devices
  • Dermatoscopess
  • Microscopes
  • Other Imaging Devices
  • Biopsy Devices
• Treatment Devices
  • Light Therapy Devices
  • Lasers
  • Electrosurgical Equipment
  • Liposuction Devices
  • Microdermabrasion Devices
  • Cryotherapy Devices

By Application

• Diagnostic Devices
  • Skin Cancer Diagnosis
  • Other
• Treatment Devices
  • 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

By End-Use

• Hospitals
• Clinics
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)