Increase in awareness about benefits of early diagnosis and increased healthcare expenditure is expected to drive the demand for Saudi Arabia Dermatology Devices Market in the forecast period, 2023-2027.
According to TechSci Research report, “Saudi Arabia Dermatology Devices Market By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia dermatology devices market is expected to witness steady growth in the forecast period, 2023-2027. Dermatology is a branch of medicine that diagnoses, treats, and prevents diseases relating to hair, skin, and nails, such as acne, wrinkles, psoriasis, and pigmentation. It can deal with both medical and surgical aspects. Some of the devices used in dermatology treatment are microdermabrasion devices, light therapy devices, energy-based therapy devices, lasers, and cryotherapy devices. Factors such as the surge in the health consciousness of consumers and the increasing prevalence of skin disorders are expected to play a major role in accelerating the growth of the Saudi Arabia dermatology devices market. Formation of melanoma is one of the most dangerous kinds of cancer which occurs due to over-exposure to the sun, and dermatology devices help in the early diagnosis of melanoma. Saudi Arabia accounts for 60 percent of GCC country's healthcare expenditure and is a top priority for the government. The government plans to invest $65 billion to develop and support the country’s healthcare industry. They also aim to increase the private sector contribution from 40 to 65 percent to improve the quality of healthcare services.
Also, the market players are making high-end investments in research and development activities to find innovative solutions and upgrade the existing infrastructure. The launch of advanced dermatology devices to remove age spots or dark marks is expected to drive the product demand. Using procedures such as microdermabrasion can improve the overall skin tone and lower the scar, wrinkles, and other skin-related conditions.
However, the risks associated with using dermatology treatment devices and stringent regulatory policies may restrain the Saudi Arabia dermatology devices market growth in the forecast period.
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The Saudi Arabia dermatology devices market is segmented into product type, end user, regional distribution, and competitive landscape.
Based on product type, the market is divided into diagnostic devices v/s treatment devices. Treatment devices are dominating the market and are expected to maintain their dominance over the forecast period. An increase in demand for dermatology devices that helps in better management of diseases and the surge in the number of procedures using dermatology devices are driving the demand for treatment devices in the forecast period. Patients are becoming more aware of the different aesthetic procedures and products expected to accelerate the adoption of both surgical and non-surgical procedures. Dermatologists use light-based sources and lasers to efficiently remove unwanted hair with minimal patient discomfort and complications compared to other prevalent treatment procedures.
Based on the end user, the market is divided into hospital, dermatology clinics, and others. The hospital segment is expected to capture the highest market share in the forecast period. The government is making investments and working on making Saudi Arabia healthcare a world-class infrastructure. They adopt the advanced system and treatment procedures to provide quality services to their patients. Also, several specialized treatment departments and skilled professionals increase the number of patient visits for skin diagnosis and treatment in hospital facilities.
Major market players operating in the Saudi Arabia dermatology devices market are:
- Ethraa Medical Company
- Al Amin Medical Instruments Co. Ltd. (AMICO Group)
- Alma Lasers Saudi Arabia
- DermLiTe (Al-Enayah Est.)
- Heine Saudi Arabia
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“There has been a significant rise in the adoption of minimally and non-invasive aesthetic procedures over traditional surgical procedures due to the growing consumer awareness about the benefits of these surgeries. The surge in the aesthetic procedures in the country is driving the demand for treatment devices, including hair removal, skin rejuvenation, acne, psoriasis, vascular lesions, pigmented lesions, wrinkle removal, and skin resurfacing, among others. Market players are introducing long-range lasers with longer wavelengths and better configurations. The growing popularity of minimally invasive procedures is expected to fuel the demand for photo rejuvenation products, chemical peels, and botulinum toxin, which in turn is expected to propel the Saudi Arabia dermatology devices market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Dermatology Devices Market By Product Type (Diagnostic Devices v/s Treatment Devices), By End User (Hospital, Dermatology Clinics, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Saudi Arabia dermatology devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia dermatology devices market.
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