Global Growth Driving Factors:

The rising prevalence of skin conditions and growing public awareness of aesthetic procedures are driving growth in this market. The development of healthcare infrastructure in developing nations is anticipated to present growth prospects for industry participants.

Nonetheless, it is anticipated that concerns about reimbursement and strict regulations pertaining to medical devices will impede the market's expansion. Dermatologists and surgeons can diagnose and treat skin disorders with the aid of dermatology devices. Numerous healthcare facilities, including hospitals, dermatology clinics, doctor's offices, and academic research institutes, use these devices.

Revenue Growth Dynamics:

Revenue from dermatology devices was projected to reach $6.2 billion globally in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% to $11.3 billion by 2027.

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Dermatology Devices Market Size Estimation:

The entire size of the dermatology devices market was estimated and validated using both top-down and bottom-up methods. The size of different market subsegments was also extensively estimated using these techniques. The following is a list of the research methods utilized to determine the market size:

# A great deal of secondary research has been done to identify the major players in the markets and industry.
# Primary and secondary research procedures have determined the industry's supply chain and market size in terms of value.
# Secondary sources were used to determine the percentage shares split and breakdowns, which were then confirmed by primary sources.

Data Triangulation:

Following the application of market size estimation procedures to determine the overall market size, the market was divided into multiple segments and subsegments. Data triangulation and market breakdown procedures were used where appropriate to finish the overall market engineering process and obtain the precise statistics of each market segment and subsegment. By examining numerous elements and patterns from the supply and demand sides of the dermatological devices market, the data was triangulated.

Opportunity: Increasingly popular non-invasive and minimally invasive aesthetic procedures

The preference for non-invasive and minimally invasive aesthetic procedures over traditional surgical procedures has significantly increased over the last ten years. Compared to traditional surgical procedures, minimally invasive/non-surgical alternatives have a number of benefits, including less pain, less scarring, and faster recovery. In addition, these procedures are less expensive than conventional surgical methods.

The market for treatment devices, aesthetic lasers, and cosmetic dermatology is being driven by the growing demand for aesthetic procedures. In addition to other skin conditions, these lasers are used for aesthetic procedures like hair removal, skin rejuvenation, acne, psoriasis, wrinkle removal, tattoo removal, skin resurfacing, vascular lesions, and pigmented lesions. The range of beauty treatments has increased thanks to lasers with longer wavelengths and improved configurations, which has made the aesthetic lasers market profitable. The more costly CO2 and YAG laser systems, which can retail for more than USD 50,000 each and have seen a sharp increase in user popularity, are the main drivers of this market.

North America accounted for the largest share of the dermatology devices market.

The dermatology devices market is divided into four geographic segments: North America, Europe, Asia Pacific, and the Rest of the World. In terms of market share for dermatology devices, North America leads the way. The significant portion of this regional market can be ascribed to elements like the growing prevalence of skin conditions, growing public awareness of cosmetic procedures, the quick rise in healthcare costs, the ease of access to cutting-edge technologies, and the robust market players in the area.

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Global Leading Companies Operating in This Industry:

The major players operating in this market are Alma Lasers, Ltd. (a subsidiary of Sisram Medical Ltd.) (Israel), Cutera, Inc. (US), Cynosure Inc. (US), El.En. S.p.A. (Italy), Lumenis, Ltd. (a subsidiary of Boston Scientific) (Israel), Solta Medical (a subsidiary of Bausch Health Companies Inc.) (US), Bruker Corporation (US), Carl Zeiss (Germany), Candela Corporation (US), Genesis Biosystems, Inc. (US), HEINE Optotechnik GmbH & Co. KG (Germany), Michelson Diagnostics Ltd. (UK), PhotoMedex, Inc. (US), Leica Microsystems (a subsidiary of Danaher Corporation) (US), Olympus Corporation (Japan), FotoFinder Systems GmbH (Germany), Canfield Scientific, Inc. (US), Beijing Toplaser Technology Co., Ltd. (China), DermLite (US), Syneron Medical Ltd. (a part of Apax Partners) (US), Aerolase (US), and Bovie (a subsidiary of Symmetry Surgical) (US).

Recent Developments of Dermatology Devices Industry:

# In 2022, Cynosure, Inc. collaborated with Clayton, Dubilier & Rice and announced a new investment of USD 60 million from lead investor Clayton, Dubilier & Rice

# In 2021, Lumenis entered into a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific. The acquisition of Lumenis Surgical (including its robust product portfolio, global team, and the Israeli surgical laser center of excellence) represents a major milestone for the Lumenis team and will enable Boston Scientific to enhance the execution of its urology strategy.

# In 2022, Candela collaborated with The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, Laserplast, this collaboration enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan

# In 2022, Canfield Scientific, Inc. acquired Medici Medical s.r.l. to create Canfield Scientific s.r.l., open a state-of-the-art facility near Modena, and launch a medical dermatology education program.

# In 2021, Alma launched Alma PrimeX, a non-invasive platform for body contouring and skin tightening.

# In 2021, Alma launched Alma Hybrid, which exclusively combines 3 powerful energy sources to deliver effective results.

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