Dermatology Devices Market Report

Dermatology Devices Market Analysis By Type (Imaging, Dermatoscopes, Light Therapy, Lasers, Liposuction), By Application (Skin Cancer, Hair Removal, Acne, Wrinkle Removal, Fat Removal, Pigmented Lesion Removal), And Segment Forecasts, 2014 - 2025

Published: February 2017  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-781-0

Industry Insights

The global dermatology devices market size was valued at USD 8.00 billion in 2015 and is expected to showcase lucrative growth over the forecast period. Esthetics has become a major concern now-a-days, and this has led to an increasing number of esthetic procedures, which aid in the treatment of poor skin conditions. Treatment of various skin disorders results into complete skin rejuvenation as well as reduces the risk of skin cancer. Hair-related problems are also accelerating the demand for dermatology devices globally.

According to the “International Survey on Aesthetic/Cosmetic Procedures performed in 2014” conducted by the “International Society of Aesthetic Plastic Surgery” (ISAPS), a total of 20,236,901 procedures were performed worldwide. Thus, a large number of esthetic procedures being conducted globally is expected to boost the demand for the dermatology devices market.

North America dermatology devices market, by product, 2014 - 2025 (USD Million)

North America dermatology devices market

There is a high prevalence of skin cancer across the globe. According to “The Skin Cancer Foundation”, around 10,130 people died due to melanoma in 2016. In order to reduce such high mortality rates, there is a growing need for rapid diagnosis of skin disorders, particularly, skin cancer. Hence, different diagnostic equipment are being used to treat various kinds of skin cancer. For instance, dermatoscopes are highly essential for detecting melanoma by evaluating pigmented lesions.

Growing technological advancements pertaining to dermatology devices has supported the growth of the market. Laser instruments and light therapy equipment has proved to be technologically advanced in improving the esthetic appeal of people. Advanced liposuction equipment has also resulted in improving the body contouring treatment. Power-assisted and vibration-assisted liposuction devices are some of the technologically advanced devices, which help in reducing a substantial amount of fat in lesser time.

Product Insights

Dermatology treatment devices dominated in 2015 due to an increasing number of people adopting different kinds of esthetic procedures for treatment of skin disorders. Acne-related problems are growing, which is motivating affected people to seek services of dermatologists, thereby propelling demand for dermatology devices.

The diagnostic devices segment in the field of dermatology is expected to witness lucrative growth over the forecast period. This is primarily due to the fact that there are a rising number of cases of skin cancer and other skin-related disorders.

Type Insights

In 2015, amongst dermatology diagnostic devices type, imaging segment held the largest market share owing to an increasing mortality rate for melanoma and need for early diagnosis of various types of cancerous skin diseases. Amongst dermatology treatment devices, light therapy held a significant share in 2015, due to its wider application in treating acne-related disorders.

Liposuction devices are expected to gain attractive growth over the forecast period due to growing concern about body contouring and fat removal amongst people with obesity. In addition, in order to initiate weight management techniques, liposuction treatments are highly useful.

U.S. dermatology diagnostic devices market share, by type, 2015

U.S. dermatology diagnostic devices market

Application Insights

Amongst the diagnostic application, skin cancer diagnosis dominated the market in 2015. The key factor supporting this growth includes high mortality rate pertaining to skin cancer. Amongst the dermatology treatment application, vascular lesion held the largest market in 2015 owing to a high usage of laser and light therapy devices to treat vascular lesions.

Acne, psoriasis, and tattoo removal are anticipated to exhibit lucrative growth over the forecast period. This is due to increased visibility of scars resulting from acne. In addition, tattoos pose a huge risk of adverse effects at a later stage of life, which leads to a higher demand for tattoo removal.

End-Use Insights

On the basis of end-use, the market is classified into hospitals, clinics, and other healthcare facilities. The hospital segment dominated the market in 2015 owing to the large number of treatment procedures performed in hospitals.

The others segment is expected to display significant CAGR over the forecast period. This segment includes diagnostic centers and e-commerce. Rapidly increasing skin cancer diagnosis has led to the growth of these diagnostic centers in the field of dermatology.

Regional Insights

In 2015, North America dominated the market owing to rising awareness related to esthetics, especially amongst the young population. High prevalence of obesity in the U.S. is also one of the significant factors supporting the growth of the market.

Asia Pacific is projected to display lucrative growth rate over the forecast period. This is due to the fact that medical tourism associated with low-cost treatments is providing a huge advantage to this region.

Competitive Insights

Some of the key players comprise Alma Lasers, Ltd., Cynosure, Inc., Valeant Pharmaceuticals International Inc., Cutera, Inc., Avita Medical Ltd., Syneron Medical Ltd., Solta Medical, Inc., and GE Healthcare.

The key companies are concentrating on strategic initiatives such as mergers and acquisitions, new product development, and geographical expansions. For instance, in 2013, Cynosure, Inc. acquired Palomar Medical Technologies, Inc. in order to expand its esthetic laser-based product portfolio.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, India, China, Brazil, Mexico, South Africa

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the dermatology devices market on the basis of diagnostic, treatment, end-use and region:

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Diagnostic

    • Treatment

  • Diagnostic Devices Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Imaging

    • Dermatoscopes

    • Microscopes

  • Diagnostic Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Skin Cancer Diagnosis

    • Others

  • Treatment Devices Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Light Therapy

    • Lasers

    • Electrosurgical Equipment

    • Liposuction

    • Microdermabrasion

    • Cryotherapy

  • Treatment Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Hair Removal

    • Skin Rejuvenation

    • Acne, Psoriasis, and Tattoo Removal

    • Wrinkle Removal and Skin Resurfacing

    • Body Contouring and Fat Removal

    • Vascular and Pigmented Lesion Removal

    • Others

  • End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Hospitals

    • Clinics

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

     

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