The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Dermatology Devices Global Market Report 2023, the dermatology devices market is expected to show significant growth in the forecast period.

Key insights from the dermatology devices market forecast include:

1. Market Size

The global dermatology devices market is expected to grow from $12.04 billion in 2022 to $14.03 billion in 2023 at a compound annual growth rate (CAGR) of 16.5%. The dermatology devices market size is expected to grow to $23.46 billion in 2027 at a CAGR of 13.7%.

2. Major Driver

The rising frequency of skin cancer and other skin illnesses is projected to boost the dermatological devices market forward in the coming years. Skin cancer is defined as the uncontrolled development of aberrant cells in the epidermis, the skin’s outermost layer. It is caused by malignant tumours that arise as a result of unrepaired DNA damage. Eczema, cold sores, dry skin, acne, and other skin problems are also common. Dermatology technologies such as light treatment devices, lasers, and electrosurgical equipment are used to eradicate skin tumours. According to the American Cancer Society, a non-profit health organisation located in the United States, around 99,780 new melanoma skin cancer cases will be diagnosed in 2022, with approximately 7,650 patients dying as a result of melanoma. As a result, the rising frequency of skin cancer and other skin illnesses is propelling the dermatological devices market forward.

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3. Key Trend

Technological developments have emerged as a prominent trend in the dermatology device industry. To maintain their market position, major players in the dermatological devices sector are focusing on new technological advances. For example, 3Derm Systems, Inc., a dermatology device manufacturer based in the United States, debuted 3DermSpot in January 2020. The 3DermSpot algorithm is aimed to identify melanoma, squamous cell carcinoma, and basal cell carcinoma autonomously using artificial intelligence (AI) and highly standardised skin pictures. This aids in the identification of skin cancer.

4. Largest Region

North America was the largest region in the dermatology devices market in 2022.

5. Major Players

Major players in the food diagnostics market are Cutera Inc., Lumenis Ltd., Alma Lasers, Solta Medical Inc., Aesthetic Group, Ambicare Health, Image Derm Inc., Johnson & Johnson Private Limited, AMD Global Telemedicine Inc., Cortex Technology, HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics, Bruker Corporation, Bovie Medical Corporation, Illuco Corporation Ltd., Photomedex Inc., and Applisonix Ltd.

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Key Dermatology Devices Market Segments
The global dermatology devices market is segmented –
1) By Product Type: Diagnostic Devices, Treatment Devices, Other Product Types
2) By Application: Skin Cancer Diagnosis, Psoriasis, Skin Rejuvenation, Warts, Other Applications
3)By End User: Hospitals: Clinics, Other End Users

The Dermatology Devices Global Market Report 2023  provides an in-depth analysis on the dermatology devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the dermatology devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Dermatology Medical Lasers Global Market Report 2023
Dermatology Endoscopy Devices Global Market Report 2023
Dermatology Lasers Global Market Report 2023

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