Global Industry Growth Boosting Factors:

# Rising Incidence of Skin Disorders
# Increase in Aesthetic Procedures
# Emerging Technological Advancements
# Increasing Healthcare Expenditure

Impact of COVID19 on Global Growth:

The COVID-19 pandemic significantly affected the Dermatology Devices Market. The beauty and luxury sector faced challenges in its manufacturing and supply chain, such as delivering products to end-users in a timely manner as well as attending to an uneven demand for products and services. The market faced a period of short-term negative growth, which was attributed to factors such as a decline in the product demand from key end-users, limited operations in most of the industries, temporary closure of key end-user facilities (including beauty centers and spas), disrupted supply chains, and challenges in terms of providing essential/post-sales services due to lockdowns.

The global spread of COVID-19 led to the complete suspension of elective surgeries, especially in the most-affected countries. Some regions witnessed up to a 70% reduction in the number of patients seeking aesthetic treatments from January 2020 onwards. In addition, in some regions, clinics were voluntarily shut down to protect their staff from COVID-19. The pandemic also resulted in a major impact on the income levels of the population. Considering this, several prospective patients changed their priorities and put on hold their plans of undergoing aesthetic procedures, at least in the short term.

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Expected Growth Rate:

The global dermatology devices market is projected to grow at a healthy reate of 12.7% during the forecasted period (2022 to 2027).

Major Objectives of This Study:

# To define, describe, and forecast the dermatology devices market based on product, end-user, and region.

# To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, and opportunities, COVID-19 Impact Analysis).

# To strategically analyze micro markets for individual growth trends, prospects, and contributions to the overall dermatology devices market

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.

# To forecast the size of the market segments in four geographical regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World.

# To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.

# To track and analyze competitive developments such as product launches and approvals, deals, and expansions in the dermatology devices market.

North America commanded the largest share of the dermatology devices in 2021.

Based on region, the dermatology devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America has the largest share of the dermatology devices market. The large share of this regional segment can be attributed to factors such as the rising incidence of skin diseases, increased awareness about aesthetic procedures, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region.

Key Developments, Globally:

# In 2022, Cynosure, Inc. collaborated with Clayton, Dubilier Rice and announced a new investment of USD 60 million from lead investor Clayton, Dubilier Rice.

# In 2021, Lumenis entered into a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific. The acquisition of Lumenis Surgical (including its robust product portfolio, global team, and the Israeli surgical laser center of excellence) represents a major milestone for the Lumenis team and will enable Boston Scientific to enhance the execution of its urology strategy.

# In 2022, Candela collaborated with The Vascular Birthmarks Foundation, Dr. Giacomo Colletti, Laserplast, this collaboration enabled more than 30 pre-qualified patients from 13 countries to receive free laser treatments in Milan

# In 2022, Canfield Scientific, Inc. acquired Medici Medical s.r.l. to create Canfield Scientific s.r.l., open a state-of-the-art facility near Modena, and launch a medical dermatology education program.

# In 2021, Alma launched Alma PrimeX, a non-invasive platform for body contouring and skin tightening.

# In 2021, Alma launched Alma Hybrid, which exclusively combines 3 powerful energy sources to deliver effective results.

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