Dermatology Devices Market: Technologies Boost Treatment Precision - PowerPoint PPT Presentation

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Dermatology Devices Market: Technologies Boost Treatment Precision

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The global dermatology devices market is expected to reap $32.33 billion by 2030, growing at a CAGR of 13.06% during the forecast period 2023-2030. Read More – PowerPoint PPT presentation

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Title: Dermatology Devices Market: Technologies Boost Treatment Precision


1
Dermatology Devices Market Technologies Boost
Treatment Precision As per WHO, skin diseases are
among the most common human health ailments,
affecting around 900 million people globally at
any time. Conditions like psoriasis, melanoma,
and acne are among the major conditions that
have elevated the demand for dermatology devices
for skin biopsy, topical chemotherapy,
cryosurgery, etc. The adoption of these devices
has also soared due to demand for procedures like
soft tissue fillers, skin rejuvenation, and
liposuction to enhance appearance. Given these
factors, the global dermatology devices market is
expected to reap 32.33 billion by 2030, growing
at a CAGR of 13.06 during the forecast period
2023-2030.
  • Dermatology diagnostic and treatment devices have
    also grown considerably due to the rise in
    obesity and the geriatric population. According
    to the World Obesity Atlas 2022, around 1 billion
    people worldwide will be diagnosed with obesity
    by 2030. This has influenced manufacturers to
    develop devices supporting skin tightening,
    resurfacing, and contouring.
  • As a result, the prevalence of skin conditions
    and focus on aesthetic appearance have spurred
    technological advancements, widening the overall
    scope of the dermatology devices market
  • Smart Diagnostics Revolutionize Dermatology
  • In recent years, emerging technologies like
    digital photographic imaging, AI, machine
    learning, etc., have surpassed traditional
    diagnosis and treatment methods. These
    technologies have improved the accuracy of skin
    cancer diagnosis in real time. For instance,
    Spectrascope enables non-invasive in- vivo skin
    cancer diagnosis via machine learning algorithms
    and non-discrete molecular laser spectroscopy.
    Also, DermaAId by AIIMS-Delhi (with NurithmLab)
    addresses accuracy issues in

diagnosing dermatological diseases, including
skin cancers, using AI and ML algorithms.
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  • Besides, on February 2, 2023, Oro Health
    announced the launch of its AI-powered
    pre-diagnostic triage tool DermSmart to
    accurately categorize skin types and common
    diseases.
  • Our report analysis indicates the skin cancer
    diagnosis category in terms of diagnostic devices
    is estimated to witness the fastest growth at a
    CAGR of 12.55 from 2023 to 2030.
  • Further, more than 9,500 people in the US are
    diagnosed with skin cancer daily, as per the
    American Academy of Dermatology. Estimates
    suggest that the incidence rate of melanoma is
    rising rapidly, which has accelerated the demand
    for advanced treatment options. In such a
    scenario, photodynamic therapy and digital
    photography have emerged as ideal solutions that
    offer effective and personalized treatment
    options to patients. These factors thus widen the
    scope of the North American dermatology devices
    market, fronted by the United States.
  • Targeted Treatments with Laser Technology
  • From hair removal to skin tightening to tattoo
    exclusion, laser technology has gained
    significant prominence in aesthetic dermatology
    treatments. In this regard, a laser with longer
    wavelengths has expanded the range of beauty
    treatments, making aesthetic lasers a lucrative
    sector for manufacturers to tap. The market is
    primarily driven by the CO2 and YAG laser
    systems. For instance, CO2 lasers have gained
    traction to resurface facial skin by stimulating
    collagen, whereas YAG lasers are widely popular
    for tattoo removal.
  • While skin rejuvenation and tattoo removal are
    popular treatment device use classes, the hair
    removal category is expected to observe the
    fastest growth at a CAGR of 14.11 during
    2023-2030.
  • Also, laser leads the treatment device segment in
    terms of equipment, attaining a revenue worth
  • 2369.50 million in 2022. In recent years, laser
    devices have materialized as low-risk skin
    solutions. Their popularity has fueled strategic
    collaborations, creating opportunities for the
    dermatology
  • devices market. For instance, in March 2022, the
    Vascular Birthmarks Foundation collaborated with
  • Candela Medical, Dr. Giacomo Colletti, and
    Laserplast to offer pro-bono laser therapies to
    more than 30 pre-qualified patients from 13
    nations.
  • Teledermatology Remote Care Spurs Device Demand
  • COVID-19-induced virtual healthcare platforms
    have also penetrated the field of dermatology. As
    the name suggests, teledermatology includes
    professional consultation in a remote setting.
    Over the years, teledermatology has expanded into
    one of the popular specialties, with
    dermatoscopes witnessing high demand to
    accurately examine morphological structures of
    skin lesions.
  • Based on our assessment, the dermatoscopes
    category is expected to witness the fastest
    growth in terms of diagnostic equipment at 13.09
    of CAGR during the forecast period 2023-2030.
  • Advanced manufacturing processes such as
    reduction in dimensions, digital image analysis,
    and integration of AI have enabled digital
    dermatoscopes to gain prominence in
    teledermoscopy.
  • Therefore, the rise in teledermatology,
    especially to treat highly prevalent conditions
    like psoriasis, opens new avenues for the
    dermatology devices market.
  • Minimally Invasive Treatments Broaden Growth
    Prospects
  • In recent years, there has been a considerable
    rise in demand for minimally invasive and non-
    invasive procedures over traditional surgical
    treatment. This is mainly because of advantages
    like less pain, reduced scarring, and the fastest
    recovery. Moreover, the growing demand for
    treatments like skin resurfacing, body
    contouring, and wrinkle removal has increased the
    demand for minimally

invasive lasers and biopsy devices. Hence, in
retrospect, technologically advanced pain-free
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treatments are expected to create multiple
opportunities for the dermatology devices
market globally.
FAQs Q1) What regions lead in the dermatology
devices market? North America leads in the
dermatology devices market, attaining revenue
worth 5200.51 million in 2022. Q2) What major
trends shape the dermatology devices
market? Advancements in developing dermatology
devices, growing skin diseases, and rising
preference for cosmetic procedures shape the
dermatology devices market.
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