Published on: May 13, 2024
The dermatology market covers the diagnosis, treatment, and prevention of skin diseases and conditions, ranging from common issues like acne to more serious concerns such as skin cancer. It includes both medical dermatology for diagnosing and treating skin diseases and cosmetic dermatology for aesthetic procedures.
The dermatology market size is estimated to grow by USD 12.76 billion at a CAGR of 10.82% between 2022 and 2027. Its growth is driven by factors such as the increasing prevalence of skin diseases, rising awareness of aesthetic procedures, and technological advancements in dermatological devices.
Dermatology treatments and devices vary based on the type of skin disease, such as acne, psoriasis, and skin cancer. Types of treatment procedures include laser therapy, microdermabrasion, chemical peels, and other therapies, and use dermatological devices like laser devices, and microdermabrasion instruments.
Key trends in the dermatology market include the adoption of technologically advanced devices for both medical and cosmetic procedures, the growing popularity of non-invasive treatments such as laser therapy and skin rejuvenation, and innovations in imaging technologies for better diagnostic precision.
The rising incidence of skin diseases such as skin cancer, the increasing aesthetic appeal among consumers, advancements in dermatological devices and treatments, and rising disposable incomes enabling more individuals to afford dermatological procedures are all contributing to the growth of the market.
Challenges facing the dermatology market include addressing skin diseases with high prevalence rates such as melanoma and non-melanoma skin cancers and ensuring access to dermatological treatments and devices in underserved regions. Regulatory hurdles and reimbursement issues may also challenge market players.
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our dermatology market segmentation covers topics such as:
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American market has been witnessing significant growth, primarily due to an increase in the geriatric population and a high prevalence of chronic and infectious skin diseases that have raised demand for dermatology products and services. In particular, there has been growing demand in the United States due to increased awareness of diagnostic tests related to skin diseases among older people.
Technavio's dermatology industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our dermatology market reports include:
Learn more about the dermatology industry: Explore Reports
In order to provide you with a comprehensive view of the dermatology industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the dermatology market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the dermatology market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the dermatology market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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