Dermatology Devices Market Size, Share, Growth Analysis, By Device Type (Diagnostic Devices, Treatment Devices), By Application (Hair Removal, Skin Rejuvenation), By End Use (Hospitals, Clinics), By Region - Industry Forecast 2024-2031

Global Dermatology Devices Market size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 6.99 billion in 2023 to USD 18.18 billion by 2031, growing at a CAGR of 12.7% in the forecast period (2024-2031).

Due to increasing incidences of skin cancer along with various other skin disorders, skin care instruments find their demand in the market. Usage also finds a significant rise due to recent technological development in dermatological devices and enhanced aesthetic awareness of them. Disposable income of individuals is increased hence considered as one of the major growth factors in the industry. Skin cancers, such as melanoma and non-melanoma, have become a widely occurring factor. In the present climatic conditions, people of all age groups are becoming interested in enhancing their aesthetic outlook, and this will stimulate the growth of the market. The restoration of complete skin enhances the aesthetic view of an individual. Conventional products have gradually given way to high-tech devices assisting various skin conditions and helping their diagnosis and treatment besides giving an edge to one's look. Dermatological equipment is in great demand with the advent of technologically advanced non-invasive laser therapy. In addition, increasing awareness of the aesthetic appeal and technical developments regarding gadgets and skin care products is drawing more people to it. Furthermore, mergers and acquisitions gave a push to the consolidation of the dermatology sales companies. Large companies, to strengthen their market position and expand their product portfolios, have acquired companies that guarantee access to emerging technologies, intellectual property, and clientele.