“Global Dermatology Imaging Devices Market to reach a market value of USD 5.4 Billion by 2030 growing at a CAGR of 12.5%”
The Global Dermatology Imaging Devices Market size is expected to reach $5.4 billion by 2030, rising at a market growth of 12.5% CAGR during the forecast period.
Digital photographic imaging allows dermatologists to capture high-quality images of skin conditions for documentation and record-keeping purposes. Thus, the digital photographic imaging segment acquired $560.2 million in 2022. Digital photographic imaging allows dermatologists to capture high-quality images of skin conditions for documentation and record-keeping purposes.
The global rise in aesthetic consciousness and the desire for youthful and healthy-looking skin contribute to the growing demand for cosmetic dermatology procedures. Therefore, the market is expanding significantly due to the rise in cosmetic dermatology procedures.
Additionally, public health campaigns and awareness initiatives focus on educating the population about the risks of skin cancers and the significance of early detection. Thus, because of the growing emphasis on early detection of skin cancers, the market is anticipated to increase significantly.
Further, The market, like other industries, experienced disruptions in the supply chain during the pandemic. Challenges such as production delays, transportation issues, and shortages of certain components affected the availability of devices. Thus, the COVID-19 pandemic had a moderate effect on the market.
However, Smaller dermatology practices and clinics may struggle to afford the upfront investment required for advanced imaging technologies. Thus, high initial costs can slow down the growth of the market.
On the basis of end use, the market is divided into hospitals, dermatology centers, and specialty clinics. In 2022, the hospitals segment registered a 45% revenue share in the market. Precise visualization of lesion boundaries and structures helps dermatologists accurately target biopsy sites, ensuring that samples are representative of the affected tissue and improving the diagnostic yield.
By modality, the market is categorized into digital photographic imaging, optical coherence tomography (OCT), dermatoscope, high frequency ultrasound, and others. The optical coherence tomography (OCT) segment procured 10% revenue share in the market in 2022.
Based on application, the market is classified into skin cancers, inflammatory dermatoses, plastic & reconstructive surgery, and others. In 2022, the skin cancers segment witnessed 49% revenue share in the market. Dermatology imaging devices guide skin biopsies and surgical procedures.
Free Valuable Insights: Global Dermatology Imaging Devices Market size to reach USD 5.4 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating 50% revenue share. The North American population's interest in cosmetic dermatology procedures has led to integrating imaging devices into aesthetic practices.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.1 Billion |
| Market size forecast in 2030 | USD 5.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 12.5% from 2023 to 2030 |
| Number of Pages | 248 |
| Number of Tables | 380 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Modality, Application, End-use, Region |
| Country scope |
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| Companies Included | GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Canfield Scientific, Inc., FotoFinder Systems GmbH, Courage + Khazaka electronic GmbH, FUJIFILM VisualSonics, Inc. (Fujifilm Holdings Corporation), Longport, Inc., Michelson Diagnostics Ltd, DRAMINSKI S. A., Cortex Technology ApS |
By End-use
By Modality
By Application
By Geography
This Market size is expected to reach $5.4 billion by 2030.
Rise in cosmetic dermatology procedures are driving the Market in coming years, however, High initial costs of dermatology imaging devices of restraints the growth of the Market.
GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Canfield Scientific, Inc., FotoFinder Systems GmbH, Courage + Khazaka electronic GmbH, FUJIFILM VisualSonics, Inc. (Fujifilm Holdings Corporation), Longport, Inc., Michelson Diagnostics Ltd, DRAMINSKI S. A., Cortex Technology ApS
The expected CAGR of this Market is 12.5% from 2023 to 2030.
The Dermatoscope segment is leading the Market by Modality in 2022; there by, achieving a market value of $2.2 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $2.1 billion by 2030.
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