The global diagnostic dermatology equipment market is poised
for remarkable growth, reflecting advancements in technology and a growing
emphasis on cosmetic and dermatological procedures. Valued at US$ 11.6
billion in 2023, the market is projected to expand at an impressive CAGR
of 12.8% from 2024 to 2034, reaching a valuation of US$ 43.4 billion by
the end of 2034.
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Analyst Viewpoint: Growth Drivers and Industry Trends
The market is experiencing substantial growth due to the rising
inclination toward cosmetic procedures and the adoption of advanced
technologies in dermatology. Increasing awareness of skin treatments' safety
and effectiveness, coupled with innovative tools such as AI-enabled
diagnostics, is further driving demand.
AI is becoming a transformative force in dermatology.
Companies are increasingly incorporating AI into dermoscopy to improve
diagnostic accuracy, particularly in distinguishing between malignant and
benign skin lesions. The anticipated launch of AI-powered apps for early
detection of skin cancer highlights the industry's commitment to leveraging
technology to enhance patient outcomes.
Market Introduction
Diagnostic dermatology equipment encompasses a variety of
devices and tools specifically designed for skin, hair, and nail treatments.
These include dermatoscopes, dermojet injectors, micro-cannulas, cryoprobes,
and more. Such tools are critical for dermatologists addressing skin
pathologies and performing both diagnostic and cosmetic procedures.
The market also sees growing interest in teledermatology,
especially in remote areas. However, traditionalists have raised concerns about
precision in diagnoses, underscoring the need for advanced tools that ensure
accuracy even in virtual consultations.
Market Drivers
- Rise
in Cosmetic Procedures:
The popularity of cosmetic dermatology is surging. Dermatologists now perform a range of aesthetic procedures, including laser treatments, skin biopsies, and mole removal. Data from the Aesthetic Plastic Surgery National Databank reveals a 54% increase in Botox procedures and a 75% rise in filler treatments since 2019. The adoption of diagnostic dermatology equipment ensures timely and effective cosmetic interventions, further propelling market growth. - Technological
Advancements:
Innovations in dermatological tools, designed for minimal pain and maximum efficacy, are driving the market forward. For instance: - In
January 2022, Lumenis launched Splendor X, a CE-certified device
for vascular treatments, hair removal, and wrinkle reduction.
- In
June 2022, Casio Computer Co., Ltd. unveiled the DZ-D100
dermatology camera and DZ-S50 dermatology scope, marking its foray into
advanced diagnostic equipment for the European market.
Regional Insights
North America leads the global diagnostic dermatology
equipment market, accounting for the largest share in 2023. The region's
dominance is attributed to a high prevalence of skin cancer and other
dermatological conditions, such as rosacea and eczema, alongside a growing
focus on aesthetic procedures.
The American Cancer Society's 2022 report estimated nearly 99,780
new cases of melanoma in the U.S. that year. This prevalence has fueled
demand for advanced diagnostic tools to ensure early and accurate detection.
Moreover, companies in the region are prioritizing innovation to deliver faster
and more affordable patient care. For example:
- AbbVie
Inc. received FDA approval in June 2020 for JUVEDERM VOLUMA XC to
enhance chin profiles.
- Lancer
Skincare introduced the Pro Polish Microdermabrasion Device in July
2020 for at-home skin rejuvenation.
Key Players and Competitive Landscape
Leading players such as Bausch Health, Cutera,
Inc., Lumenis Be Ltd., and Cynosure Inc. are driving
innovation with new product launches and strategic partnerships. For example:
- In June
2022, Cynosure launched the PicoSure Pro, a U.S. FDA-approved device
featuring 755nm picosecond lasers for non-invasive skin treatments.
- In
April 2022, Skin Science Solutions introduced ICOONE Roboderm, a
revolutionary device offering painless body and facial rejuvenation.
These companies, along with others like Alma Lasers Ltd.,
Galderma S.A., and Michelson Diagnostics Ltd., are focused on expanding their
product portfolios and strengthening their market presence.
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