The awareness of skin-related
disorders and the focus on esthetics by consumers have triggered the
development of dermatology devices. These devices hold the potential to restore
the skin to its unblemished state.
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Dermatology Devices
Dermatology devices and its related
accessories can aid dermatologists in treating skin disorders. These devices
include lasers, radiofrequency (RF) devices, cellulite-reducing devices,
microdermabrasion devices, and others. The application of these devices has
expanded to medical imaging, liposuction, and radiation therapy to treat
cancer.
Latest Developments
At-home skincare devices are the
latest fancy of consumers obsessed with esthetics. Blue LEDs (light-emitting
diode) possess the capacity to thwart acne-causing bacteria, while red LEDs can
alleviate inflammation. Microdermabrasion devices like the Silk’n ReVit Diamond
Microdermabrasion System provide the choice of effective skin treatment which can
be enjoyed from the confines of consumer homes.
RenovaCare, a US company, has
developed SkinGun, a device which utilizes stem cells to treat burns. This can
act as a viable alternative to skin grafts, which require months to heal.
DermaLumics, a Spanish company, has managed to create a non-invasive skin
imaging solution to detect tumors or unnatural growth. This tool can diagnose
the patient’s data in real-time, giving way to faster results and efficiency.
Market Outlook
The worldwide dermatology devices
market is projected to touch nearly USD 26 billion by 2025, according to Grand
View Research, Inc. Demand for esthetic-driven devices are primarily driving
the market. Rising prevalence of skin and hair disorders are also expected to
contribute to market growth over the forecast period (2014 - 2025).
Dermatology treatment and diagnostic
devices are two major products of the market. The latter is expected to expand
at a profitable CAGR over the forecast period. Acne, psoriasis, and tattoo
removal application is anticipated to grow lucratively over the same period.
North America had led the global market in 2015 due to high prevalence of
obesity and awareness of esthetics. Key market players are Avita Medical Ltd.; Cynosure,
Inc.; GE Healthcare; and Valeant Pharmaceuticals International Inc.
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