The skin cancer detection devices market size is projected to be worth USD 959.6 million in 2023. The market is likely to surpass USD 2.95 billion by 2033 at a CAGR of 11.9% during the forecast period.
Growing skin cancer incidences and the awareness regarding skin cancer is aiding the market growth. Since skin cancer affects so many individuals of all ages and ethnicities across the world, the Skin Cancer Foundation and the American Cancer Society urge that everyone should undertake a monthly self-examination of their whole skin surface. The skin cancer gadgets are put to the test with this monthly skin self-examination.
Other Drivers Propelling the Demand for Skin Cancer Detection Devices Market include:
Challenges for Companies /Manufacturers in the Skin Cancer Detection Devices Market:
Opportunities in the Skin Cancer Detection Devices Market Industry:
Latest Trends in the Skin Cancer Detection Devices Market:
| Attributes | Details |
|---|---|
| Skin Cancer Detection Devices Market Size (2023) | USD 959.6 million |
| Skin Cancer Detection Devices Market Projected Size (2033) | USD 2.95 billion |
| Value CAGR (2023 to 2033) | 11.9% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From 2017 to 2022, the global skin cancer detection devices market experienced a CAGR of 11.8%, reaching a market size of USD 959.6 million in 2023.
From 2017 to 2022, the global skin cancer detection devices market industry witnessed steady growth due to the increased awareness and acceptance of skin cancer detection devices. The growing public awareness of the need of early identification and prevention of skin cancer has aided the expansion of the market for skin cancer detection equipment. Educational efforts and initiatives by healthcare organisations and governments have aided in boosting public awareness. The global incidence of skin cancer has increased significantly during the last several decades. This rise has resulted in an increased need for skin cancer detection systems that are both effective and efficient.
Future Forecast for Skin Cancer Detection Devices Market Industry:
Looking ahead, the global skin cancer detection devices market industry is expected to rise at a CAGR of 11.9% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 2.95 billion by 2033.
The skin cancer detection devices market industry is expected to continue its growth trajectory from 2023 to 2033. Although very uncomfortable, skin biopsies are nonetheless a crucial technique for the early diagnosis of cancer.
There are currently around 30 benign lesions biopsied for every incidence of skin cancer that is discovered, thanks to intensive diagnostic efforts that have caused the number of biopsies to increase nearly four times more quickly than the number of tumors identified. A low-cost portable gadget that might reduce the number of unwanted biopsies in half and provide dermatologists and other front-line doctors with quick access to laboratory-grade cancer diagnoses is now being developed by researchers.
| Country | The United States |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 890.0 million |
| CAGR % 2023 to End of Forecast (2033) | 11.4% |
The skin cancer detection devices market industry in the United States is expected to reach a market size of USD 890.0 million by 2033, expanding at a CAGR of 11.4%. Due to the increasing incidence of skin cancer nationwide the market is on the rise. According to the American Academy of Dermatology Association, melanoma is projected to be responsible for 7,650 fatalities in the US in 2022. The market for skin cancer detection equipment is in high demand due to the rising incidence of diabetes in the nation.
| Country | The United Kingdom |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 207.0 million |
| CAGR % 2023 to End of Forecast (2033) | 11.6% |
The skin cancer detection devices market industry in the United Kingdom is expected to reach a market share of USD 207.0 million, expanding at a CAGR of 11.6% during the forecast period. The United Kingdom market is projected to growth of the market due to the growing personalized medicine initiatives. In the United Kingdom, there has been a growing emphasis on improving early diagnosis and creating novel skin cancer detection technology. This has resulted in the development of equipment such as dermoscopes, mole mapping systems, and smartphone apps that help in the early detection of suspected skin lesions. As healthcare professionals and individuals become more proactive in screening for skin cancer, the need for these devices may continue to rise.
| Country | China |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 285.0 million |
| CAGR % 2023 to End of Forecast (2033) | 13.4% |
The skin cancer detection devices market industry in China is anticipated to reach a market size of USD 285.0 million, moving at a CAGR of 13.4% during the forecast period. The skin cancer detection devices market industry in China is expected to grow prominently due to the increasing awareness regarding skin cancer among people.
Skin cancer is also becoming an increasing problem in China as a result of factors such as changing lifestyles, increased UV radiation exposure, and an ageing population. Skin cancer detection technologies are becoming increasingly essential in China's healthcare scene as the government works to increase cancer diagnosis rates and provide early therapies.
| Country | Japan |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 105.0 million |
| CAGR % 2023 to End of Forecast (2033) | 11.2% |
The skin cancer detection devices market industry in Japan is estimated to reach a market size of USD 105.0 million by 2033, thriving at a CAGR of 11.2%. The market in Japan is predicted to grow because of the growing technological advancements. Early detection and preventative care are highly valued in the Japanese healthcare system.
As a result, there has been increasing emphasis on the development and implementation of novel technologies for skin cancer screening and detection. In dermatological clinics and hospitals, dermoscopy instruments, digital imaging systems, and other modern technologies have been used to help in the identification and assessment of worrisome skin lesions.
| Country | South Korea |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 59.0 million |
| CAGR % 2023 to End of Forecast (2033) | 12.4% |
The skin cancer detection devices market industry in South Korea is expected to reach a market size of USD 59.0 million, expanding at a CAGR of 12.4% during the forecast period. Early identification and frequent screening for many forms of cancer are highly valued in South Korea.
Dermatology clinics and hospitals frequently use sophisticated imaging technology for skin cancer examination and diagnosis, such as dermoscopes and digital dermatoscopy systems.
Principal Consultant
The handheld devices is expected to dominate the skin cancer detection devices market industry with a market share of 54.3% in 2022. Due to its inexpensive portable device that might reduce the number of needless biopsies by half and provide dermatologists and other frontline doctors with simple access to laboratory-grade cancer diagnoses, this market category has a sizable market share in 2023.
There is an increasing need for portable devices since point-of-care tests offer a rapid turnaround time and are non-invasive, both of which have the potential to increase screening uptake.
The dermatology clinics is dominating the skin cancer detection devices market with the market share of 47.8% in 2022. Patients commonly visit specialty dermatological hospitals for rapid and efficient care, as the need for specialist dermatology treatments grows, fueling the segment's growth. Furthermore, due to the global increase in malignancies of the skin and melanoma incidence and the establishment of dermatology clinics, more people are seeking treatment and care at dermatological clinics.
The skin cancer detection device sector is fiercely competitive, with many companies fighting for market dominance. To stay ahead of the competition in such a circumstance, essential players must employ smart techniques.
Key Strategies Used by the Participants
Product Development
To produce innovative goods that increase efficacy, dependability, and cost-effectiveness, businesses make significant investments in R&D. Product innovation enables companies to stand out from the competition while also meeting the shifting needs of their customers.
Strategic Alliances & Collaborations
Strategic alliances and partnerships with other businesses are regularly formed by major players in an industry to take advantage of each other's advantages and expand their market reach. Through such arrangements, businesses may also obtain access to new technologies and markets.
Expansion into Emerging Markets
The market for skin cancer detection devices is rising quickly in developing nations like China and India. To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites.
Acquisitions and mergers
Key companies in the skin cancer detection devices market routinely employ mergers and acquisitions to strengthen their market positions, broaden their product offerings, and enter new markets.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key Developments in the Skin Cancer Detection Devices Market:
Integrated skin cancer devices enhance care coordination.
The market is estimated to secure a valuation of USD 959.6 million in 2023.
The market is forecast to register a CAGR of 11.9% through 2033.
The rising prevalence of skin cancer throughout the world boosts market expansion.
From 2017 to 2022, the market valuation rose to a CAGR of 11.8%.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Value Added Insights 5. Market Background 6. Global Market Volume (in Units) Analysis 2017 to 2022 and Forecast, 2023 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Modality 9.1. Handheld 9.2. Trolley Mounted 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 10.1. Hospitals 10.2. Dermatology Clinics 10.3. Cancer Research Centers 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East and Africa (MEA) 12. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 16. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033 18. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.1. DermaSensor AUS 20.2. Strata Skin Sciences (Mela Sciences) 20.3. FotoFinder Systems GmbH 20.4. Canfield Scientific 20.5. MedX Health Corp. 20.6. HEINE Optotechnik 20.7. Verisante Technology, Inc. 21. Assumptions and Acronyms Used 22. Research Methodology
Explore Healthcare Insights
View Reports
Skin Cancer Detection Devices Market
