The global dermatology devices market size is expected to reach US$ 11,235.42 million by 2028, registering a CAGR of 11.2% from 2022 to 2028, according to a new research study conducted by The Insight Partners. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
Technological Advancements in Dermatology Devices Boost Overall Market Growth
According to the Frontiers S.A. report, dermatology is an independent clinical secondary discipline. With emerging digital technology, remote transmission technology, and internet technology, dermatology procedures have become the most accessible discipline coupled with innovative technologies and establish wide clinical applications. Top companies are developing technology-based devices intended for dermatology applications. Sofwave is using ultrasound energy-based products. Its "Ultratherapy Device" is the best fit, capable of detecting skin lesions at a 3–4.5 mm depth. A more profoundly penetrating beam is preferred among people with thicker or heavier skin. Ultratherapy Device is best suitable for detecting medium-thickness or thicker skin that is focal (in certain areas). Moreover, Ultratherapy Device Software is best for thicker skin where the underlying tissue is not much of an issue.
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Cosmetic and plastic surgery procedures have gained significant attention in the world. For example, the UK, South Korea, Australia, and the US report an increasingly high number of cosmetic and plastic surgery procedures. Moreover, technological advancements have added to the accessibility and feasibility of these procedures. Computer-assisted imaging assists surgeons in identifying the exact location of skin disorders, which helps offer high-quality results. Moreover, in the plastic surgery industry, the development of microdevices enables surgeons to effectively perform microsurgeries, consisting of tiny incisions and scarring. Such innovative technology-based products are safe and provide accurate results.
Based on product type, the global dermatology devices market is bifurcated into treatment device and diagnostic device. The treatment device segment accounted for a larger market share in 2021 and is expected to register a higher CAGR from 2022 to 2028. Based on application, the market is segregated as skin cancer diagnosis, skin rejuvenation, hair removal, body contouring & skin tightening, psoriasis, and others. The skin cancer diagnosis segment led the market in 2021 and is expected to retain its dominance during the forecast period. Based on end user, the global dermatology devices market is segmented into hospitals, dermatology clinics, and others. The hospitals segment led the market in 2021; however, the dermatology clinics segment is expected to account for the highest CAGR during 2022–2028.
The COVID-19 pandemic put immense pressure on health workers, especially in 2020. A socioeconomic analysis of the impact of the pandemic by the United Nations Development Programme (UNDP) helped governments overhaul policies and invest in public health, economic stimulus, and social safety. These measures helped countries recover faster from the adversities caused by the COVID-19 crisis. According to a report published in the Journal of Dermatological Treatment, based on the new dermatologic surgery criteria, the expected surgical activity decreased by 20%, while the actual reduction in surgical activity was 46.5% owing to altered preferences of patients and difficulties faced by them while reaching hospitals amid the social restrictions imposed during the pandemic. Moreover, outpatient activities involving dermatological surgeries were drastically reprioritized retaining only life-saving procedures to protect healthcare providers and patients. Nevertheless, the re-establishment of eligibility criteria for skin surgery is playing an essential role in the growth of the global dermatology devices market.
Alma Lasers (Sisram Medical), Cutera Inc., Candela Corporation, Solta Medical (Bausch Health Companies), FotoFinder System's, Cynosure, Lumenis, El.En SpA, Leica Microsystem, and Aerolase Corp are among the leading companies operating in the global dermatology devices market.
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
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