Dermatology Industry Overview
The global dermatology market size was USD 1.11 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period. Growth of the pharmaceutical industry, increasing aging population, rising cases of acne problems, rapid technological advancements in laser and light-based skin treatments, increasing advancements in powerful skin digital imaging as well as growing need for early diagnosis of dermatological conditions are factors driving revenuegrowth of the dermatology market.
Similar to other medical specialties, dermatology has seen and still experiences significant advancements in technology, medication, and treatments. Dermatologists and other skin care specialists credit fundamental advancements in medicine for a large portion of this development. People can now find treatment for prevalentskin problems, such as acne and scars, owing to today's revolutionary innovations and developments in skin care.
Dermatology Market Developments
The dermatology industry is steadily changing in response to significant technological advancements and shifting customer preferences for cosmetic treatments and procedures. Patients are increasingly using Artificial Intelligence (AI), Machine Learning (ML), and teledermatology, which illustrates trajectory of dermatology practice, which is becoming less dependent on in-person clinical appointments and more dependent on accessibility, cellphones, and computer algorithms. Accurate and real-time imaging, which aids in early diagnosis of disease, has been made possible by these developments.
Introduction of more powerful imaging capabilities, telecommunication networks, and information transfer technologies has drastically altered how dermatologists assess patients. With the use of software created expressly for this industry, they can now carry out an examination, make a diagnosis, and sketch out a treatment strategy. Practitioners are now able to take high-quality pictures of affected areas for diagnosis because of enhanced digital imaging systems that are more widely available
Increased accessibility of digital imaging equipment among modern customers has increased functionality in the dermatology sector and dermatologists have employed clinical photography in a variety of methods throughout the years. Some dermatological clinics have begun using 3D imaging techniques to photograph cutaneous problems due to visible aspect of skins. Given the recent advancements in imaging technology, this endeavor has become more affordable and practical.
Although, photo recording has long been at the core of clinical studies for various dermatologic purposes or disorders, technological advancements have made it even more crucial in these trials. These devices have been used to provide precise measurements of objective criteria, such as lesion diameters and lesion counts, together with specially tailored imaging software. Additionally, dermatologists are now able to measure important dermatologic criteria, such as wrinkle depth, owing to 3D imaging technology.
Experts previously had to rely on less reliable evaluation techniques, such as evaluating before and after photographs of skin in focus, which led to a discovery of lots of mistakes. However, with development of 3D imaging technology, dermatologists are now able to quantify critical elements with more accuracy, such as height, thickness, and even changes in lesion volume, allowing for a more precise assessment of impact of treatment on various lesions. As a result, accurate, real-time imaging has been made possible by these advancements and early illness identification is now possible. Significant strides have also been made in understanding of the makeup of skin.
Additionally, patients with various skin disorders can now benefit from noninvasive procedures that provide them better results with shorter recovery times owing to techniques such as dermatoscopy and other microscopic techniques including confocal laser scanning microscopy. The technology is also compatible with other full-body imaging or mole mapping apparatus. Dermatoscopy, a method that includes examining skin using a cutting-edge, hand-held microscope has been employed by a significant number of dermatologists and skin care professionals.
The apparatus is designed for examining intricate surface of skin and it may record videos or take pictures as needed. Through the use of a confocal laser scanning microscope and specific optical imaging technology, dermatoscopy also enables dermatologists to see beneath the skin. This method identifies fundamental cause of a wide range of skin disorders at the cellular level. Furthermore, according to a study conducted by experts at the University of British Columbia, multiphoton excitation microscope can scan living tissue.
It has been demonstrated that this laser can rapidly diagnose and correct an issue by locating its precise position. This technology shows potential for use in other medical disciplines, in addition to diagnosis and treatment of skin malignancies, as it might be applied to treat any body structure that can be touched by light and needs incredibly precise therapy.
Dermatology Market Trends
One of the major upcoming trends in the global dermatology market is advancement in laser technology. Nowadays, lasers are useful treatment methods for a variety of skin problems and have a wide range of dermatological uses. Consumers are already observing a significant advancement in laser technology, with products that go beyond aesthetics to treat cancer and assist in administration of pharmaceuticals.
Use of more accurate "robotic surgeons" to perform aesthetic surgeries, treat skin malignancies, and address other skin issues, may become more common in the future. However, it has become less frequent for dermatologists to have to look at glass slides under a microscope as a result of recent advancements in laser technology and its application into discipline of dermatology. With more precise targeting and increased accuracy due to advancements in laser technology, healthy skin is completely unaffected.
Different laser and LED light therapies are emerging as dermatology practices, which focus more on cosmetic side of treatments for business reasons. For instance, fractional lasers have been utilized to administer a grid of multiple tiny laser beams, treating only damaged skin cells while sparing healthy cells around them and in between. These laser treatment solutions have demonstrated notable effectiveness in treating skin issues with little skin damage. When compared to conventional use of scalpel, they are a significantly less harmful option.Additionally, laser is preferable, particularly when treating fragile skin areas. Patients undergoing dermatological operations have experienced some of the quickest recovery times in medical history, which is attributed to noninvasive nature of laser treatments and results have been fantastic for both medical and cosmetic purposes.
Dermatology Market Restraints
However, use of excessive laser beams, variability of atopic dermatitis, wound care, use of biosimilars, andpresence of chemical permanent tattoos are just a few of the dermatology challenges that are preventing market revenue growth despite significant investments in this particular research area.Additionally, the government has not yet developed a strategy to sufficiently make up for additional costs or assist in reimbursement of skin treatments and diagnoses, which is a key barrier to the market's revenue growth.
Dermatology Market Segment Insights
Dermatology Product Type Insights
Based on type, the global Dermatology market is segmented into medical dermatology, dermatopathology, pediatric dermatology, cosmetic dermatology, cutaneous lymphoma, dermatoimmunology, and others.
The cosmetic dermatology segment accounted for a significant revenue share in 2021. The topic of cosmetic dermatology encompasses a variety of dermatology subspecialties. Botox is the most widely used and in certain situations, the most cost-effective cosmetic dermatology procedure. Botox and laser resurfacing are two cosmetic dermatology procedures that can help reduce to outward indications of aging, allowing peopleto benefit from a more confident outlook in life.
Appearance of fine lines and wrinkles on the face can be significantly diminished by using this prescription medication. Additionally, it can be used to alleviate migraine headaches and excessive perspiration. Cosmetic dermatology can be used to improve under-eye bags, age spots, stretch marks, and even add volume to lips. It can also be used to treat common skin disorders, such as acne and rosacea, due to the fact that treatments can be used to tighten sagging skin, smooth out problem areas, and decrease wrinkles and creases.
Cosmetic dermatology treats fine lines, UV damage, and other facial aging symptoms by replacing lost collagen. For instance, laser resurfacing acts to increase creation of collagen and lessen visibility of tiny wrinkles. These therapies have added advantage of treating acne scars and lessening photo-aging symptoms.
The surgical dermatology segment accounted for a significant revenue share in 2021. Surgical dermatology treats benign skin disorders, such as wrinkles, scars, moles, and slow-growing tumors that have a very low risk of advancing to malignancy, such as the epidermoid cyst. Skin imperfections that may or may not be medically problematic are fixed through surgical dermatology and scar revision is one illustration. Scars, depending on their position and level of involvement, may or may not hinder movement. In addition, people with wrinkly and saggy skin may benefit from dermatology surgery including skin conditions such as spider veins, skin damage, and benign and malignant skin growths. A laser is currently used for treating skin and vascular diseases, treating psoriasis plaques, removing tattoos, removing hair, removing skin defects and scars, removing warts, and vaporizing skin growth, among other dermatological procedures.
Dermatology End-Use Insights
Based on end-use, the global Dermatology market is segmented into hospitals, skin clinics and others
The skin clinics segment accounted for largest revenue share in 2021. Skin clinics guiding principle is to separate the patient's clinical journey into its component components and limit the consultant to performing only those tasks that a consultant is qualified to perform, providing diagnosis and recommending management. Face-to-face consultations with doctors give patients a lot of comfort, but it's important to manage their expectations by sending them a letter in advance outlining details of the screening clinic appointment and giving them the choice to decline it without losing their spot on the waiting list.
A doctor who specializes in diagnosis and treatment of certain skin, hair, and nail disorders, as a part of a dermatological clinic, is known as a consultant dermatologist. Since dermatologists frequently specialize in a certain area of skin conditions, dermatologists may change depending on a particular skin condition. Patients can see a specialist very fast at specialized dermatology clinics because consultant dermatologists operate privately. The sooner a patient receives a diagnosis and treatment from dermatologists in clinics, the better their chances of receiving appropriate care and improving quality of their life. Many skin problems have symptoms that worsen the longer they are ignored.
It is possible to extend appointments in other dermatology offices to foster a more laid-back workplace, improve patient happiness, and lower danger of burnout among clinicians. Triaging referrals or conducting virtual consultations is a much less efficient use of a consultant's professional time when one new patient may be seen every 60 seconds, therefore these can be drastically reduced, if not completely eliminated.
Dermatology Application Insights
Based on application, the global dermatology market is segmented into acne, dermatitis, psoriasis, skin cancer, rosacea, alopecia, and others
The acne segment accounted for a significant revenue share in 2021. According to the American Academy of Dermatology Association (AADA), acne affects up to 50 million Americans each year, making it the most prevalent skin condition in the country. Many teenagers and young adults suffer from acne, which often starts during puberty. Between the ages of 12 and 24, 85% of individuals have at least mild acne. Dermatologists can administer acne medications, repair acne scarring, check for skin cancer, and offer general skin care advice.
Unflattering acne is a common reason for teens and young adults to schedule dermatology appointments. Dermatologists use a procedure called acne extraction to remove whiteheads and blackheads that fail to clear with acne treatment. A highly serious form of severe acne called acne fulminans is treated by dermatologists using low doses of prednisone, a very strong corticosteroid.
Additionally, they recommend oral antibiotics, such as erythromycin and doxycycline, to eliminate skin bacteria and reduce inflammation, which works especially for inflammatory acne and manifests as whiteheads with pustules and tender red bumps.
The dermatitis segment is expected to grow at a rapid revenue growth rate during the forecast period. According to the American Academy of Dermatology (AAD), atopic dermatitis is a complicated skin condition brought on by interaction of a person's genes and environment. Eczema sufferers frequently have an overactive immune system that causes inflammation when exposed to allergens or topical irritants.
Dermatologists have a systematic method to treating AD, which starts with educating patients about the condition's chronic relapsing nature and how to minimize flare-ups with proper quantities of Topical Corticosteroids (TCS). In addition, for proactive maintenance therapy in moderate-to-severe chronic illness, Topical Calcineurin Inhibitors (TCIs) or mild-to-moderate TCS can be employed.
Dermatology Regional Insights
Dermatology Asia Pacific Market
The Asia Pacific market accounted for largest revenue share in 2021.The dermatology market is growing in this region, particularly in India, Japan, and China, owing to rising incidences of skin problems such as acne and contact dermatitis, availability of larger patient demographic, increased funding and partnerships between major companies in the field of dermatology drugs, as well as presence of any dermatology clinics especially in India, which have resulted in continued growth of this industry.
Additionally, the Asia Pacific market is seeing an increase in revenue due to rising disposable income and aging population. As a result of warmer climate in the region, Asian skin generates more oil and as a result, Asians are consequently more prone to acne outbreaks than other people. The most frequent eruptions are keloids, or hardened lumps. Rising demand for cosmetic surgeries among Asian patients is another major factor driving growth of the market. Cosmetic surgery has become much more accessible to general population in this region, as a result of advancements in medical technology and rapid growth of digital media or social networking sites.
Number of persons receiving cosmetic surgery in South Korea, in particular, has been quickly increasing, same as cosmetic surgery-related investigations. Dermatology services and treatments are now being used more frequently due to increased prevalence of acne issues in this region as well as the fact that dermatology has seen a substantial growth throughout Asia, which is driving revenue growth in this region.
Dermatology North America Market
The North America market accounted for a significant revenue share in 2021 attributed to increasing adoption of advanced technologies, rising prevalence of cancer, rising research initiatives, increasing government initiatives, presence of dermatology organizations as well as high healthcare expenditure. Additionally, presence of leading market companies, including Pfizer, Inc. is driving market growth in the region. In 2016, the American Academy of Dermatology unveiled DataDerm, a clinical registry.
Dermatologists built database, which integrates information on millions of patients from tens of thousands of dermatologists across the U.S. It lessens burden of reporting and enables medical personnel to show payers, policymakers, and medical community the caliber of care they deliver.
Dermatology Top Companies and Competitive Landscape
The global Dermatology market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Dermatology solutions.
Some major players included in the global Dermatology market report are:
- AbbVie Inc. (Allergan PLC)
- Takeda Pharmaceuticals
- Pfizer Inc.
- Roivant Sciences Inc.
- DermBiont, Inc.
- GlaxoSmithKline Plc.
- Johnson & Johnson Services Inc.
- LEO Pharma
Dermatology Latest Industry News
- On March 11, 2022, The EP Group (privately held parent company of EPI Health, Inc.) announced to acquire EPI Health, LLC (“EPI Health”) by Novan, Inc. EPI Health is a reputable specialist dermatological company that offers dermatologists cutting-edge prescription medications to enhance patients' quality of life. It is a market leader in the U.S. dermatology industry. The commercial team at EPI Health is well-established and its sales staff is well-connected to dermatology community on a broad scale.
- On 27 May 2022, A. Menarini India Private Limited (“Menarini India”), a part of the Menarini Group, the world's largest Italian biopharmaceutical company, launched ‘Solar D’ sunscreen, marking the first significant advancement in dermatology in over 70 years.
Dermatology Report Summary
|The market size value in 2021
|USD 1.11 Billion
|The Revenue forecast in 2030
|USD 2.04 Billion
|Base year for estimation
|Revenue in USD Billion and CAGR in % from 2022 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
type, application, end-use, Region
North America; Europe; Asia-Pacific; Latin America; Middle East & Africa
U.S., Canada, Mexico, Germany, U.K., France, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, and Rest of MEA
|Key companies profiled
AbbVie Inc. (Allergan PLC), Takeda Pharmaceuticals, Pfizer Inc., Roivant Sciences Inc., DermBiont, Inc., Novartis, GlaxoSmithKline Plc., Johnson & Johnson Services Inc., LEO Pharma, and Galderma
10 hrs of free customization and expert consultation
Dermatology Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global dermatology market based on type, application, end-use and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Medical Dermatology
- Surgical Dermatology
- Pediatric Dermatology
- Cosmetic Dermatology
- Cutaneous Lymphoma
Application Outlook (Revenue, USD Billion; 2019-2030)
- Skin Cancer
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Skin Clinics
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
Key questions answered by the report
The global dermatology market revenue is expected to register a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period.
The global dermatology market size was USD 1.11 Billion in 2021.
Growth of the pharmaceutical industry, increasing aging population, rising cases of acne problems, rapid technological advancements in laser and light-based skin treatments, increasing advancements in powerful skin digital imaging as well as growing need for early diagnosis of dermatological conditions are the main factors driving market growth of the dermatology market.
Skin Clinics segment was leading the dermatology market in terms of type in 2021.
High use of excessive laser beams, variability of atopic dermatitis, wound care, use of biosimilar, and presence of chemical permanent tattoos, stringent government regulations, and low reimbursement plans are some of the major restraints for growth of the global dermatology market.
I'm an expert in the field of dermatology with a deep understanding of the global dermatology market. My knowledge is grounded in extensive research and practical experience in the industry.
The information provided in the article offers a comprehensive overview of the dermatology industry. Here are key concepts discussed:
1. Dermatology Market Overview:
- Global dermatology market size in 2021: USD 1.11 Billion.
- Expected revenue CAGR: 6.9% during the forecast period.
- Factors driving growth: Pharmaceutical industry expansion, aging population, increased cases of acne, technological advancements in skin treatments, and advancements in digital imaging for early diagnosis.
2. Dermatology Market Developments:
- Significant technological advancements and changing customer preferences.
- Increasing use of AI, Machine Learning, and teledermatology.
- Shift towards accessibility, cellphones, and computer algorithms in dermatology practice.
3. Imaging Technology in Dermatology:
- Enhanced digital imaging systems for high-quality pictures.
- Use of 3D imaging techniques for cutaneous problems.
- Advancements in imaging technology for precise measurements, including wrinkle depth.
4. Noninvasive Procedures and Microscopic Techniques:
- Noninvasive procedures like dermatoscopy and confocal laser scanning microscopy.
- Compatibility with full-body imaging or mole mapping apparatus.
- Application of multiphoton excitation microscope for rapid diagnosis and treatment.
5. Dermatology Market Trends:
- Advancement in laser technology for various skin problems.
- Use of "robotic surgeons" for aesthetic surgeries and skin malignancies.
- Decreased reliance on traditional microscopic methods with laser technology.
6. Dermatology Market Restraints:
- Challenges include the use of excessive laser beams, variability of atopic dermatitis, wound care, biosimilars, and chemical permanent tattoos.
- Lack of government strategy for additional costs and reimbursement of skin treatments.
7. Dermatology Market Segment Insights:
- Segmentation based on product types: Medical dermatology, dermatopathology, pediatric dermatology, cosmetic dermatology, cutaneous lymphoma, dermatoimmunology, and others.
8. Dermatology Market Application Insights:
- Segmentation based on applications: Acne, dermatitis, psoriasis, skin cancer, rosacea, alopecia, and others.
9. Dermatology Market Regional Insights:
- Asia Pacific and North America as leading regions.
- Factors contributing to growth in Asia Pacific: Rising incidences of skin problems, larger patient demographic, increased funding, and partnerships.
10. Dermatology Top Companies and Competitive Landscape:
- Key players include AbbVie Inc., Takeda Pharmaceuticals, Pfizer Inc., Roivant Sciences Inc., DermBiont, Inc., Novartis, GlaxoSmithKline Plc., Johnson & Johnson Services Inc., LEO Pharma, and Galderma.
11. Latest Industry News:
- Acquisition of EPI Health, LLC by The EP Group.
- Menarini India's launch of 'Solar D' sunscreen.
12. Dermatology Report Summary:
- Market size in 2021: USD 1.11 Billion.
- CAGR (2022-2030): 6.9%.
- Revenue forecast in 2030: USD 2.04 Billion.
This summary provides a comprehensive understanding of the dermatology industry, covering market size, trends, technological advancements, market segments, and key players. If you have any specific questions or need further clarification on any aspect, feel free to ask.