The dermatology treatment devices market was estimated to be US$ 6.73 billion in 2021 and US$ xx billion in 2023. It is expected to reach US$ 21.86 billion by 2031 and record a CAGR of 12.5% until 2031. Home use dermatology devices, integration of AI in dermatology devices and development of dermatology devices with customised settings will likely remain key dermatology treatment devices market trends.
Rising prevalence of skin diseases is expected to drive the dermatology treatment devices market's growth. Age-related skin issues such as pigmentation, wrinkles, creases, and acne, as well as burn scars caused during accidents are common among masses. According to the National Center for Complementary and Integrative Health, one in three Americans suffers from skin diseases. Further, as per the Skin Cancer Foundation, one in five Americans will develop skin cancer by the age 70 and over 2 people die of skin cancer in the U.S. every hour. These skin diseases require critical medical intervention and dermatology devices for their therapeutic treatment to combat severe condition, which is further likely to propel the growth of the dermatology treatment devices market.
Global dermatology treatment devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The market growth in this region is expected due to factors such as the rising prevalence of skin issues and technological advancements in dermatology treatment devices are expected to boost the growth of the market. However, the risk of undesirable side effects associated with the use of dermatology treatment devices is likely to hinder the market growth.
Continuous research and development studies are being carried out worldwide to understand skin-related medical conditions better. Companies are investing in developing new and innovative medical devices to secure good return on investment (ROI). In addition, the approval by regulatory authorities confirms the reliability and credibility of the new-age products and medical devices for skin treatment. For instance, in February 2024, Nu Skin Enterprises, a global beauty and wellness leader, introduced Nu Skin RenuSpa iO, a microcurrent body device a smart beauty and wellness device designed to promote overall wellness and body through skin stimulation.
As per the European Union, the global middle class is expected to reach 5.3 billion people by 2030, and the Asian population will likely be at the forefront of this development. By 2030, China and India are expected to represent ~66% of the global middle-class population and 59% of middle-class consumption. The expansion of the middle-class, with significant changes in consumer behavior and consumption patterns, is likely to drive economic development. In addition, the US Bureau of Labor Statistics stated that the disposable income in the US increased from US$ 10,036.9 billion in 2006 to US$ 21858.08 billion in 2021.
Key segments that contributed to the Dermatology Treatment Devices market analysis derivation are services and applications.
The geographic scope of the dermatology treatment devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America includes US, Canada, and Mexico. The market in North America held a significant share in the global market during the year 2023. The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as increasing demand for advanced technology-based dermatology solutions, rising incidence of skin diseases, technological advancements in the field of dermatology supported by FDA approvals and the presence of well-known market players.
The Asia Pacific is the fastest-growing market for dermatology treatment devices globally owing to the large population of countries such as China and India, the increasing focus of market players, and the introduction of new products or therapies in the country. Moreover, the rising incidence of skin disorders, growing awareness of cosmetic procedures to improve aesthetic appeal, increase in healthcare expenditure, and availability of technological advancements in dermatology devices help to boost the growth of the dermatology treatment devices market in the region.
The regional trends and factors influencing the Dermatology Treatment Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Dermatology Treatment Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6.73 Billion |
| Market Size by 2031 | US$ 21.86 Billion |
| Global CAGR (2023 - 2031) | 12.5% |
| Historical Data | 2021-2023 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Dermatology Treatment Devices Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Dermatology Treatment Devices Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The dermatology treatment devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for dermatology treatment devices and strategies:
The “Dermatology Treatment Devices Market Size and Forecast (2022–2030)” report provides a detailed analysis of the market covering below areas: