Dermatology Devices Market Demand, Segmentation, Trends, Strategies and Forecast to 2027

 


The Global Dermatology Devices Market is projected to reach USD 11.3 billion by 2027 from USD 6.2 billion in 2022, at a CAGR of 12.7% during the forecasted period (2022 to 2027). Dermatology devices help dermatologists and surgeons in diagnosing and treating skin disorders. These devices are used by various medical care providers, such as hospitals, dermatology clinics, physician offices, and academic research institutes. The rising incidence of skin diseases and increasing awareness of aesthetic procedures are the primary growth drivers for the dermatology devices market. The expansion of healthcare infrastructure in developing regions is expected to provide growth opportunities to players operating in this market. However, reimbursement issues and stringent regulatory policies for medical devices are estimated to restrain the growth of this market.

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Key Market Players

Alma Lasers, Ltd. (a subsidiary of Sisram Medical Ltd.) (Israel), Cutera, Inc. (US), Cynosure Inc. (US), El.En. S.p.A.(Italy), Lumenis, Ltd. (a subsidiary of Boston Scientific) (Israel), Solta Medical (a subsidiary of Bausch Health Companies Inc.) (US), Bruker Corporation (US), Carl Zeiss (Germany), Candela Corporation (US), Genesis Biosystems, Inc. (US), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics Ltd. (UK), PhotoMedex, Inc. (US), Leica Microsystems (a subsidiary of Danaher Corporation) (US), Olympus Corporation (Japan), FotoFinder Systems GmbH (Germany), Canfield Scientific, Inc. (US), Beijing Toplaser Technology Co., Ltd. (China), DermLite (US), Syneron Medical Ltd. (a part of Apax Partners) (US), Aerolase (US), and Bovie (a subsidiary of Symmetry Surgical) (US).

Market Dynamics

Rising adoption of aesthetic procedures among geriatric individuals

The global population of individuals aged 60 years and above is expected to increase from 880 million in 2011 to 2.1 billion by 2050, representing 22% of the world’s population (Source: UN Population Division). The process of aging is associated with progressive deterioration of the skin. Subsequently, the demand for aesthetic procedures, such as anti-wrinkle treatment and skin tightening, is expected to grow among the elderly.

According to the American Society for Aesthetic Plastic Surgery, in 2019, nearly 204,745 liposuction procedures were performed in people aged 51–64 years, and 35,289 procedures were performed in people aged 65 years and above in the US. In 2018, these figures were 225,067 procedures in people aged 51–64 years and 32,573 procedures in people aged 65 years and above. However, in 2020, these figures were 38,389 procedures in people aged 55–69 years and 3,165 procedures in people aged 70 years and above, mainly due to the COVID-19 pandemic. However, the market is recovering now

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North America commanded the largest share of the dermatology devices in 2021.

Based on region, the dermatology devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America has the largest share of the dermatology devices market. The large share of this regional segment can be attributed to factors such as the rising incidence of skin diseases, increased awareness about aesthetic procedures, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region.

Key developments:

·         In 2022, Cynosure, Inc. collaborated with Clayton, Dubilier & Rice and announced a new investment of USD 60 million from lead investor Clayton, Dubilier & Rice

·         In 2021, Lumenis entered into a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific. The acquisition of Lumenis Surgical (including its robust product portfolio, global team, and the Israeli surgical laser center of excellence) represents a major milestone for the Lumenis team and will enable Boston Scientific to enhance the execution of its urology strategy.

·         In 2022, Candela collaborated with The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, Laserplast, this collaboration enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan

·         In 2022, Canfield Scientific, Inc. acquired Medici Medical s.r.l. to create Canfield Scientific s.r.l., open a state-of-the-art facility near Modena, and launch a medical dermatology education program.

·         In 2021, Alma launched Alma PrimeX, a non-invasive platform for body contouring and skin tightening.

·         In 2021, Alma launched Alma Hybrid, which exclusively combines 3 powerful energy sources to deliver effective results.

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