Saudi Arabia Dermatology Devices Market
Saudi Arabia Dermatology Devices Market Size to Grow at 8.1% CAGR during 2022–2028
Published | 25 November 2022
Saudi Arabia dermatology devices market is flourishing owing to growing demand for aesthetic procedures due to the increasing importance of one's appearance, the booming medical tourism industry, ongoing developments in dermatology device technology, and the introduction of better-performing and highly accurate dermatology devices.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia dermatology devices market size to grow at a CAGR of 8.1% during the forecast period between 2022 and 2028. The increasing prevalence of diseases that require surgical intervention, particularly minimally invasive surgery (MIS), is expected to rise in the coming years, which will aid the market for dermatology devices. Additionally, it is expected that the rise in skin disorders, which call for dermatology devices for condition management, will drive the market to produce higher revenue shares. Throughout the forecast period, it is expected that conditions like psoriasis, acne, and other skin disorders will become more common. During the forecast period, an increase in healthcare spending that can be used to treat skin conditions will aid market growth.
Saudi Arabia Dermatology Devices Market – Overview
Devices used in dermatology aid in the diagnosis and treatment of skin conditions. These tools can be used for electrodesiccation, curettage, topical chemotherapy, photodynamic therapy, Mohs micrographic surgery, and skin biopsy. There are many different types of skin conditions, such as psoriasis, eczema, acne, rosacea, ichthyosis, vitiligo, hives, and seborrheic dermatitis. The symptoms and severity of skin disorders vary. These can also be either temporary or permanent, as well as painless or painful. While some skin conditions may have genetic causes, others may have situational causes. Skin conditions range from minor to potentially fatal.
Due to growing consumer awareness of the advantages of these surgeries, minimally invasive and non-invasive aesthetic procedures have been adopted at a significant rate over traditional surgical procedures. The demand for treatment devices, such as those for wrinkle removal, skin resurfacing, vascular lesions, pigmented lesions, acne, and psoriasis, among others, is being driven by the country's explosion in aesthetic procedures. Long-range lasers with longer wavelengths and improved configurations are being introduced by market players.
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Opportunity: Technology Advancements in Dermatology Devices
The high product demand is largely attributed to the rise in skin cancer cases and other skin conditions. The popularity of these devices is also rising because of people's growing awareness of the aesthetic value and technological advancements in dermatology devices. Another significant factor influencing the growth of the market is a rise in disposable income. Skin cancer incidence, including melanoma and non-melanoma, is noticeably increasing.
Challenge: Lack of Knowledge about Innovative Instruments
The market briefly saw negative growth because of the nearly complete postponement of surgeries unrelated to COVID-19, inefficient manufacturing techniques, and supply chain disruptions. However, the market has recovered in a V-shape. With the widespread success of injections, the volume of dermatological devices is beginning to revert to pre-pandemic levels. Reduced awareness of several novel instruments is one factor contributing to the low market share of dermatology devices. Furthermore, because of strict regulations by various authorities and dermatology validation procedures, it is becoming more difficult for businesses to survive in the market. Governmental policies have changed, resulting in the creation of various barriers for businesses. It is therefore anticipated that the protracted approval process will prevent market growth in general.
Impact of COVID-19 on Saudi Arabia Dermatology Devices Market
The market for dermatology devices in Saudi Arabia struggled to expand due to the COVID-19 pandemic. International supply chains for dermatology equipment were impacted by global government measures like shutdowns and stringent regulations because of the rise in COVID-19 cases. Dermatological tools are used by dermatologists and surgeons to identify and treat skin conditions. The market for dermatology devices was impacted by the dermatology division's closure and cancellation of dermatological treatments during the pandemic to stop patient infection.
Saudi Arabia Dermatology Devices Market – By Application
The market for dermatology devices in Saudi Arabia is segmented based on the use of the devices into the following categories: Skin Cancer Diagnosis, Vascular Lesions Removal, Hair and Wrinkle Removal, Body Contouring, Fat Removal, and Others. The hair and wrinkle removal treatment application segment dominated the market in 2021 and is also expected to grow at the fastest CAGR between 2022 and 2028. Cellulite reduction, vascular and pigmented lesion removal, hair removal, skin rejuvenation, acne, psoriasis, and tattoo removal; wrinkle removal and skin resurfacing; removal of wrinkling and age spots; and others make up the following sub-segments of the treatment application segment. The growth of this market is being driven by laser hair removal devices because they are less painful and secure for people of all skin tones and hair colors.
Saudi Arabia dermatology devices market includes prominent players, such as Amico Group, Alma Lasers, Allergan Plc., Galderma SA, Bausch Health Companies, Inc., AbbVie Inc., Henry Schein, Inc, Amjad Medical, and Candela Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia dermatology devices market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Dermatology Devices Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Dermatology Devices Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Saudi Arabia Dermatology Devices Market, By Type (Diagnostic Devices, Treatment Devices); By Application (Skin Cancer Diagnosis, Vascular Lesions Removal, Hair and Wrinkle Removal, Body Contouring, Fat Removal, Others); By End User (Hospital, Dermatology Clinics, Others), Trend Analysis, Competitive Landscape & Forecast, 2018–2028
Publish Date: November 2022
Growing adoption of non-invasive and minimally invasive aesthetic procedures to treat skin disorders and strategic initiatives by key players could boost the growth of Saudi Arabia Dermatology Devices Market during the forecast period between 2022 and 2028.
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