The global dermatology devices market size is expected to reach a value of USD 25.7 billion by 2025 at a 13.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Dermatology devices are expected to grow at a faster rate due to rising concerns among people regarding esthetics. This has led to growing awareness about various types of esthetic procedures used for treating hair- and skin-related disorders. Since women are larger consumers of skin and haircare treatments, they are considered as key revenue generators for the market.
Incidence of skin disorders is continuously rising among people owing to irregular lifestyle and food habits. Psoriasis, acne, eczema, and skin lesions are some of the most common skin ailments. Melanoma is a life-threatening skin cancer, which often results due to these disorders. Dermatology diagnostic devices help in early diagnosis of such deadly cancerous diseases.
Obesity has emerged as a major cause for concern among both men and women. With fat removal procedures gaining much demand, liposuction is considered as an effective treatment option. Rise in disposable income is a key factor aiding demand for such procedures, further driving market demand. In addition, there have been several technological advancements in laser treatments and devices, making the market highly lucrative.
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Further key findings from the study suggest:
- By product, treatment devices dominated the market in 2017 due to rise in awareness among people regarding esthetics, which has led to rise in adoption of both surgical and non-surgical cosmetic procedures
- On the basis of treatment device type, laser devices held a lucrative market share in 2017owing to its wide application in a variety of disease and cosmetic treatments
- Based on diagnostic device application, skin cancer diagnosis has emerged asakey revenue generator owing to high diseaseprevalence, particularlymelanoma
- By treatment device application, skin rejuvenation is expected to gain lucrative growth over the forecast period due to a large aging population base opting for these procedures
- On the basis of end use, hospitals held a significant share in 2017. This can be attributed to rise in adoption of advanced infrastructure and enhanced services in these settings
- North America dominated the global market in 2017 owing to growing awareness regarding esthetic appeal, higher disposable income, and greater availability of advanced treatment and surgical procedures
- Some of the key players in the market are Alma Lasers GmbH; Cynosure, Inc.; Solta Medical, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Aesthetic Group; Ambicare Health; and Image Derm, Inc.
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