Diagnostic dermatology market to be valued at $43.4b by 2034

One key growth driver includes increasing consumer interest in cosmetic procedures.

The global diagnostic dermatology market is poised to reach $43.4b in 2034 at an estimated compound annual growth rate (CAGR) of 12.8%, according to Transparency Market Research.

The market is witnessing notable growth amidst increasing consumer interest in cosmetic procedures.

“As individuals seek to enhance their appearance and address skin concerns, such as ageing, pigmentation, and acne, the demand for diagnostic dermatology equipment has surged,” the report said.

Meanwhile, the market is further driven by the adoption of technological advancements in dermatological diagnostics and treatment.

These innovations include laser therapy, ultrasound imaging, and optical coherence tomography for improved precision and better outcomes.

“With a rising demand for aesthetic enhancements and advancements in skincare technology, the market is expected to expand further, catering to the evolving preferences and needs of consumers seeking dermatological solutions,” the report added.