The global dermatology devices market is projected to reach USD 11.3 billion by 2027 from USD 6.2 billion in 2022, at a CAGR of 12.7% during the forecasted period (2022 to 2027). Dermatology devices help dermatologists and surgeons in diagnosing and treating skin disorders. These devices are used by various medical care providers, such as hospitals, dermatology clinics, and academic research institutes. The rising incidence of skin diseases and increasing awareness of aesthetic procedures are the primary growth drivers for the dermatology devices market. The expansion of healthcare infrastructure in developing regions is expected to provide growth opportunities to players operating in this market.
The dermatology devices market is highly competitive in nature, with only a few players dominating the overall market. 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).
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Lumenis was the leading player in the dermatology devices market in 2021. Lumenis is an Israel-based company that provides healthcare-based solutions in aesthetics, ophthalmology, and surgical applications. The company’s operating expenses comprise selling and marketing, general and administrative, and research and development expenses.
Solta Medical is a Canada-based company that manufactures and markets pharmaceutical products, over-the-counter products, and energy-based medical device systems for aesthetic applications in North America, the Asia Pacific, Europe, and the Middle East. Its Medical Aesthetics business offers a broad selection of aesthetic medical devices that address a variety of conditions, including skin tightening, skin resurfacing, pigmentation conditions, body sculpting, and acne.
Alma Lasers, Ltd.
Alma Lasers has a strong presence in 90 countries worldwide, with a direct presence in Israel, Hong Kong, the US, India, and Germany. The company focuses on product development as its core strategy to strengthen its product portfolio and increase its share in the market. Over the last four years, the company has invested significantly in R&D activities. Also, in the last three years, the company launched several products and brands, such as Soprano ICE, LipoLife 3G, Accent Prime, and Harmony XL Pro. These advancements made by the company are expected to enable it to hold a strong position in the market.
Dermatology Devices Market by Type (Diagnostic Devices (Dermatoscopes, Imaging Devices), Treatment Devices (Laser, Cryotherapy, Liposuction), Application (Skin Cancer, Acne, Psoriasis, Skin Rejuvenation, Tattoo Removal) - Global Forecast to 2027
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