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Dermatology Imaging Devices Market Size
Dermatology Imaging Devices Market size was valued at USD 2.3 billion in 2023 and is expected to reach USD 6.7 billion by 2032 growing at a CAGR of 12.7% over the analysis period. The market is driven by several factors, including enhanced awareness and timely identification of dermatological issues, continuous advancements in dermatology imaging technologies, and increasing incidence of skin cancer worldwide. Additionally, growing focus on non-invasive diagnostic techniques in dermatology is also contributing towards escalating the growth of the market.
The rising incidence of skin cancer, encompassing melanoma and non-melanoma skin cancers, has spurred the need for dermatology diagnostic devices and imaging devices. These devices are pivotal in early detection, diagnosis, and surveillance of questionable skin lesions, aiding in mitigating the health risks linked to skin cancer. According to the Global Cancer Observatory, in 2022 about 1.2 million incidence of non-melanoma skin cancers was reported globally that is expected to rise to about 1.8 million in 2035.
Why is the dermatology imaging industry growing through skin cancer?
The skin cancer segment garnered 48.8% industry share in 2023, attributed to rising occurrence of skin cancers, heightened emphasis on early detection and diagnosis of skin cancers, and the upsurge in global skin cancer screening initiatives.
What is the size of the dermatology imaging market?
Dermatology imaging industry size recorded USD 2.3 billion in 2023 and will grow at a 12.7% CAGR between 2024 and 2032, owing to ongoing advancements in dermatology imaging technologies, and the rising prevalence of skin cancer globally.
How large is the dermatology imaging industry in North America?
North America dermatology imaging market will register USD 2.5 billion by 2032, driven by rising healthcare infrastructure, widespread awareness about early diagnosis of skin-related concerns, and an increasing prevalence of skin cancer.
Who are the key players are operating in the dermatology imaging industry?
Major dermatology imaging firms are Fotofinder Systems GmbH, Cortex Technology, Draminski S.A., GE Healthcare Technologies, Inc., VisualSonics, Clarius, Koninklijke Philips N.V., Michelson Diagnostics Ltd., Caliber Imaging and Diagnosis, DermLite, DermaSensor, Inc. among others.