Global Dermatology Devices Market by Product, by End-Use, by Application, By Region, Segments and Forecasts 2020–2026

Dermatology devices consist of microdermabrasion devices, RF devices, lasers, and several other associated accessories. Dermatology devices are installed in dermatology clinics and hospitals in order to assist physicians as well as non-physician clinicians for treatment of skin diseases. These devices are also utilized for diagnosis & treatment of skin cancer.

Global Dermatology Devices Market is valued to reach USD 16.25 Billion by 2021, exhibiting a CAGR of 11.02% over the forecast period 2020–2026. Increasing awareness on aesthetic procedures, increasing prevalence of skin cancer and other skin diseases coupled with prevalence of melanoma and non-melanoma skin cancers.

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The global dermatology devices market is anticipated to experience a significant growth in the coming years due to the growing aesthetic awareness and consciousness about appearance. The demand for non-invasive cosmetic correction procedures is also increasing and this will also fuel the growth of the dermatology devices market. The growing healthcare expenditure, rising disposable income, and growing geriatric population are collectively boosting the demand for dermatology devices. On the other hand, the high cost of dermatological treatments is expected to restrain patients from getting a procedure. In addition to this, there are various side effects of dermatological treatments and this is posing a grave challenge for players in the market.

Market Trends, Drivers, Restraints and Opportunity:

Growing prevalence of skin cancers and rise in demand for cosmetic products is likely to propel the market growth. In addition, rise in mortality rates caused by skin cancers is another growth factor fuelling the market demand
Rise in melanoma, a type of skin disease commonly found in mass population, is likely to result in demand for dermatology treatment in the upcoming years
Technological advancements such as use of light laser therapy and laser devices have improved the quality of service in the recent years. Moreover, use of liposuction equipment has gained immense popularity for skin contouring
Use of advanced devices for non-invasive surgeries is likely to create a pool of opportunities in the upcoming years
However, cost of treatment and expensiveness is a major hurdle for market progress. Despite, this fact, growth in disposable income and rise in purchase power is expected to crack the challenges in the forthcoming period