The total size of the dermatology devices market was USD 7,117.4 million in 2023, and it will grow at a compound annual growth rate of 12.9% by the end of this decade, to touch a value of USD 16,552.7 million by 2030.
This is because of the growing incidence of skin ailments all over the world, rising consciousness of aesthetic procedures, mounting healthcare spending in emerging nations, and dermatology devices letting dermatologists and surgeons to identify and treat numerous skin ailments in time.
There is a notable surge in the incidence of skin ailments at a global level recently, particularly amongst people living in regions with higher ozone exhaustion. The most common conditions are eczema, acne vulgarism, urticaria, sunburn, herpes zoster, and rosacea, contributing to the increasing acceptance of dermatology devices.
The imaging devices category will grow at a rate of 13.3% in the years to come. This is because of the growing requirement for diagnostic devices as a result of the increasing incidence of various skin disorders and skin cancer.
In 2023, North America led the industry with a share, of 55%, in the industry. This is because of the increasing incidence of skin ailments, the growing consciousness with regards to aesthetic cosmetic surgeries, the existence of leading players, the growing healthcare spending of the government, and easy availability of cutting-edge technologies.
Furthermore, in the U.S., over the past half a decade, about 7,000 novel incidences of self-reported skin issues have taken place every year. Amongst these, roughly 53% of contact dermatitis cases were sensitized, and 60% were as a result of irritants. Consequently, the acceptance of cutting-edge dermatology diagnostics is on the rise, and, in turn, is boosting the industry development in the nation.
It is because of the rising prevalence of skin diseases all over the world, the demand for dermatology devices is on the rise. And, this trend will continue in the years to come as well.
