Report Overview

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.

Saudi Arabia Dermatology Devices Market - Industry Trends & Forecast Report, 2028

Saudi Arabia dermatology devices market size is projected to grow at a CAGR of 8.1%, during the forecast period between 2022 and 2028. Growing consumer health consciousness and the increasing prevalence of skin disorders are expected to play a significant role in accelerating the growth of the Saudi Arabia dermatology devices market. Melanoma is one of the most dangerous types of cancer caused by excessive sun exposure, and dermatology devices aid in the early detection of melanoma. Saudi Arabia spends 60% of the GCC's healthcare budget, making healthcare a top priority for the government. The government intends to invest USD 65 billion in developing and supporting the healthcare industry in the country. They also intend to increase the private sector's contribution from 40% to 65% to improve healthcare quality.

Saudi Arabia Dermatology Devices Market - Overview

Hospitals and dermatology offices have equipment called dermatology devices to aid medical professionals in the diagnosis and treatment of skin conditions. Surgeons and dermatologists, as well as hospitals, dermatology clinics, doctor's offices, and university research organizations, use these devices. They can be used for Mohs micrographic surgery, cryosurgery, topical chemotherapy, skin biopsy, photodynamic therapy, electrodesiccation and curettage, and the diagnosis and treatment of skin-related diseases.

Saudi Arabia Dermatology Devices Market

Growth Drivers

Growing Adoption of Aesthetic Procedures 

The aesthetics and physical well-being of the body are becoming more widely recognized. Sedentary lifestyles and poor eating practices harm a person's skin, hair, and nail health. Skin health is negatively impacted by exposure to dirt, pollution, wrinkles, fine lines, blemishes, pigmentation changes, aging spots, ultraviolet rays, hard water, and harsh chemicals, which increases the demand for skin rejuvenation among both sexes. Patients are becoming more aware of the advantages of minimally invasive procedures, which have shorter recovery times, fewer incisions, and lower costs. In Saudi Arabia, obesity is a major public health concern. In the country, fat removal procedures are becoming more popular. Obese patients can receive quality, affordable treatment at a variety of hospitals and clinics. Rapid urbanization and consumers' high spending power allow them to invest in treatments and procedures that can improve their beauty and aesthetic appeal. Consumers' increased awareness of various procedures and services, as well as the opening of many healthcare facilities offering services and treatments, are expected to accelerate the Saudi Arabia dermatology devices market growth in the coming years.

Restraints

Lack of Awareness about Novel Instruments

Due to the nearly complete postponement of non-COVID-19 related surgeries, ineffective manufacturing practices, and disruptions in the supply chain, the market experienced short-term negative growth. The market has, however, experienced a V-shaped recovery. The volume of dermatological devices is starting to return to pre-pandemic levels with the successful rollout of injections in all regions. The low market share of dermatology devices can be attributed to decreased awareness of several novel instruments. Moreover, it is getting harder for businesses to survive in the market due to dermatology validation procedures and strict regulations by various authorities. Various barriers for businesses have been created by shifting governmental policies. As a result, it is anticipated that the lengthy approval process will limit the market expansion.

Impact of COVID -19 on Saudi Arabia Dermatology Devices Market

The COVID-19 pandemic hampered the growth of the dermatology devices market. Because of the increase in COVID-19 cases, global government measures such as shutdowns and strict rules impacted international supply chains for dermatology equipment. Dermatologists and surgeons diagnose and treat skin conditions using dermatological equipment. The dermatology division's closure and cancellation of dermatological treatments during the pandemic had an impact on the market for dermatology devices to avoid disease transmission among patients.

Saudi Arabia Dermatology Devices Market

Segmental Coverage

Saudi Arabia Dermatology Devices Market - By Type

Saudi Arabia dermatology devices market is divided into Diagnostic Devices and Treatment Devices based on type. The market is currently dominated by treatment devices, and this dominance is expected to continue during the forecast period. The demand for treatment devices is expected to rise during the forecast period as a result of rising demand for dermatology devices that aid in better disease management and a rise in the number of procedures utilizing these devices. The adoption of both surgical and non-surgical procedures is expected to speed up, as patients become more aware of the various aesthetic procedures and products. Compared to other common treatment options, dermatologists effectively remove unwanted hair with the least amount of patient discomfort and complications using light-based sources and lasers.

Saudi Arabia Dermatology Devices Market - By Application

On basis of the application, Saudi Arabia dermatology devices market is divided into Skin Cancer Diagnosis, Vascular Lesions Removal, Hair and Wrinkle Removal, Body Contouring, Fat Removal, and Others. With a significant market share in 2021, the hair and wrinkle removal treatment application segment will also experience the fastest CAGR between 2022 and 2028. The treatment application segment is further divided into the following sub-segments: 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. Laser hair removal devices in particular are less painful and safer for all skin tones and hair colors. The use of dermatology devices in this market has significantly increased due to a rise in demand for cosmetic laser procedures like tattoo removal, skin resurfacing, and skin tightening.

Saudi Arabia Dermatology Devices Market - By End User

On basis of the end user, Saudi Arabia dermatology devices market is divided into Hospital, Dermatology Clinics, and Others. Because of the widespread use of advanced dermatology equipment in hospital settings, the hospital segment held the largest market share in 2021. The availability of a variety of treatment options in such facilities increases the number of visits for skin disease diagnosis and treatment, which supports segment growth. The clinic end-user segment is expected to grow at the fastest rate between 2022 and 2028. Dermatology clinics are medical and cosmetic facilities that specialize in the diagnosis and treatment of skin disorders. Certified plastic surgeons provide both surgical and nonsurgical services in dermatology clinics.

Competitive Landscape

Saudi Arabia dermatology devices market is highly competitive. Major companies in the market include Amico Group, Alma Lasers, Allergan Plc., Galderma SA, Bausch Health Companies, Inc., AbbVie Inc., Henry Schein, Inc, Amjad Medical, and Candela Corporation. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

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