Global Dermatology Devices Industry Dynamics:

Opportunity: Growing adoption of minimally invasive and non-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.

Restraint: Clinical risks and complications associated with dermatology procedures

Procedures related to dermatology have grown in popularity over the past 20 years. Due to the introduction of cutting-edge products for dermatology treatments and the increase in physicians and surgeons offering secure and efficient care, the market has seen a notable surge in the demand for aesthetic procedures. However, there are a number of potential side effects linked to dermatology procedures. Aesthetic treatment patients run the risk of developing various problems during or after the procedure.

Estimating the Market Size:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the dermatology devices market. These methods were also used extensively to estimate the size of various subsegments in the market.

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Revenue Growth Projections:

The global dermatology devices market in terms of revenue was estimated to be worth $6.2 billion in 2022 and is poised to reach $11.3 billion by 2027, growing at a CAGR of 12.7% from 2022 to 2027.

Triangulation of Data:

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.

Global Leading Companies:

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), among others.

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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Grographical Growth Dynamics:

The market for dermatology devices was dominated by North America.

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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