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

The Business Research Company’s dermatology devices market report forecasts the dermatology devices market size to grow to $23.46 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Dermatology Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/dermatology-devices-global-market-report

Dermatology Devices Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The dermatology devices market size is expected to grow to $23.46 billion in 2027 at a CAGR of 13.7%.

North America held the largest dermatology devices market share.

Key Dermatology Devices Market Driver ­– Increase In The Prevalence Of Skin Cancer And Other Skin Diseases
For instance, according to the American Cancer Society, a US-based voluntary health organization, in 2022, around 99,780 new melanoma skin cancer cases were diagnosed and around 7,650 patients died due to melanoma, in the US. Therefore, the growing prevalence of skin cancer and other skin diseases is driving the growth of the dermatology devices market.

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Key Dermatology Devices Market Trend – Technological Advancement
Major companies operating in the dermatology devices sector are focused on new technological innovations to sustain their position in the market. For instance, in January 2020, 3Derm Systems, Inc., a US-based company that manufactures dermatology devices, launched 3DermSpot. The 3DermSpot is an algorithm designed to use artificial intelligence (AI) and highly standardized skin images to help in autonomously detecting melanoma, squamous cell carcinoma, and basal cell carcinoma. This helps in the speedy detection of skin cancer.

Dermatology Devices Market Segment
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

Dermatology Devices Market Major Players and Strategies
Major players in the dermatology devices 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.

In May 2021, Allergan Aesthetics, an Ireland-based pharmaceutical company, acquired Soliton’s for an undisclosed amount. Through this acquisition, Allergan Aesthetics aims to strengthen its portfolio of body contouring treatments. The new RAP device uses a rapid pulse of acoustics to break the fibrous septa band underneath the skin, which causes cellulite and is used to remove tattoos. The device is also being investigated for the treatment of fibrotic scars. Soliton is an Indian-based company that manufactures medical devices, automotives, and robotics and develops dermatology devices technology.

The Dermatology Devices Global Market Report 2023 covers regional data on dermatology devices market size, dermatology devices market trends and drivers, opportunities, strategies, and dermatology devices market competitor 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.

Dermatology devices are the equipment used to research, study, manage, and diagnose the health conditions and affecting the skin, nails, membranes, and fat. It is a branch of medicine that deals with skin-related diseases. Dermatology also includes cosmetic care and enhancement of the skin. The dermatology devices are used for treating skin-related problems.

View More Reports Related To The Dermatology Devices Market –
Dermatology Medical Lasers Global Market Report 2023
Natural Skin Care Products Global Market Report 2023
DNA Based Skin Care Products Global Market Report 2023

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