Press release
Evolving Market Trends In The Dermatology Devices Industry: Technological Innovations And Ai-Driven Solutions In Skin Cancer Detection
Dermatology Devices
What Is the Expected Dermatology Devices Market Size During the Forecast Period?
The market size for dermatology devices has expanded swiftly in the past few years. It's projected to rise from $15.93 billion in 2024 to $18.38 billion in 2025, experiencing a compound annual growth rate (CAGR) of 15.4%. This growth during the historical period is linked to a number of factors, including an increase in skin health consciousness, the widespread occurrence of skin conditions, the growing elderly population, a rise in aesthetic and cosmetic procedures, as well as advanced skin cancer diagnostic methods.
In the coming years, the dermatology devices market is predicted to witness substantial growth. The market is expected to expand to $32.98 billion by 2029, with a compound annual growth rate (CAGR) of 15.7%. Factors contributing to this growth during the forecast period include the proliferation of minimally invasive procedures, an uptick in medical tourism, expanding markets in emerging economies, and an increase in research and development endeavors. Major trends anticipated during this period consist of the integration of tele-dermatology services, utilization of AI and machine learning, personalizing dermatology treatment, incorporating advanced laser technologies, and continual innovation in the dermatology arena.
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What Are the High-Growth Segments in the Dermatology Devices Market?
The dermatology devices market covered in this report 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
Subsegments:
1) By Diagnostic Devices: Dermatoscopes, Skin Biopsy Devices, Imaging Devices, Laboratory Testing Devices
2) By Treatment Devices: Laser Devices, Cryotherapy Devices, Light Therapy Devices, Radiofrequency Devices, Electrosurgical Devices
3) By Other Product Types: Microneedling Devices, Chemical Peeling Devices, Acne Treatment Devices, Skin Rejuvenation Devices
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What Key Drivers Are Expected to Influence Future Dermatology Devices Market Growth?
The dermatology devices market is expected to surge due to the rising occurrence of skin cancer and other skin conditions. Skin cancer is characterized by the abnormal and unchecked expansion of cells in the skin's outermost layer, known as the epidermis, and is a result of malignant tumors developing from unrepaired DNA damage. Eczema, cold sores, dry skin, acne, and other skin afflictions are some other diseases related to the skin. Dermatological instruments such as light treatment devices, lasers, and electrosurgical equipment are used for the removal of skin tumors. The American Cancer Society, a volunteer-based health organization in the US, reported that in 2022, approximately 99,780 fresh cases of melanoma skin cancer were identified, and about 7,650 individuals succumbed to melanoma in the US. Thus, the escalating incidence of skin cancer and other skin diseases is fueling the growth of the dermatology devices market.
Which Companies Hold the Largest Share Across Different Dermatology Devices Market Segments?
Major companies operating in the dermatology devices market include Cutera Inc., Lumenis Ltd., Alma Lasers Ltd., Solta Medical Inc., Aesthetic Group, Image Derm Inc., Johnson & Johnson Private Limited, Cortex Technology ApS, HEINE Optotechnik GmbH & Co. KG, Michelson Diagnostics Ltd., Bruker Corporation, Bovie Medical Corporation, Photomedex Inc., Applisonix Ltd., Candela Medical Corporation, STRATA Skin Sciences Inc., WON TECH Co. Ltd., LUSTRE® ClearSkin Ltd., DermLite LLC, Genesis Biosystems Inc., Cynosure LLC, Canfield Scientific Inc., Bausch Health Companies Inc., Stiefel Laboratories, Sun Pharmaceutical Industries Limited, Galderma S.A., Merz Pharma GmbH & Co. KGaA, Allergan plc, Syneron Medical Ltd., Bio-Therapeutic Inc., Sciton Inc., Viora Ltd.
What Trends Are Driving Growth in The Dermatology Devices Market?
The rise of technological progress has been identified as a prevalent trend in the dermatology device market. Major entities in the dermatology devices industry are emphasizing on the development of technological innovations in order to maintain their market standing. To illustrate, 3Derm Systems, Inc., a firm based in the United States that produces dermatology devices, introduced 3DermSpot. 3DermSpot is an algorithm that utilizes artificial intelligence (AI), along with highly standardized skin images, to spontaneously detect melanoma, squamous cell carcinoma, and basal cell carcinoma, aiding in quick detection of skin cancers.
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What Are the Emerging Geographies for The Dermatology Devices Market Growth?
North America was the largest region in the dermatology devices market in 2024. Asia-Pacific is the second largest region in the dermatology devices market. The regions covered in the dermatology devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dermatology Devices Market?
2. What is the CAGR expected in the Dermatology Devices Market?
3. What Are the Key Innovations Transforming the Dermatology Devices Industry?
4. Which Region Is Leading the Dermatology Devices Market?
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