Market Analysis - World Dermatology 2023

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The global dermatology devices market size was valued at over USD 12.5 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.9% during the forecast period. The hospital segment held the largest market share of over 54% in 2021 owing to the wide adoption of advanced dermatology equipment in the hospital setting. The availability of various treatment options in these facilities increases the number of visits for the diagnosis and treatment of skin diseases, which, in turn, supports the growth of the segment. The end-user segment of clinics is estimated to register the fastest CAGR from 2022 to 2030. Dermatology clinics are cosmetic and medical establishments that focus on the diagnosis and treatment of skin conditions. In dermatology clinics, both surgical and non-surgical services are offered by board-certified plastic surgeons.