A new MarketsandMarkets industry report says the global dermatology devices market is on track for strong expansion over the next several years. The firm projects the market will grow to USD 17.73 billion by 2031, up from USD 9.32 billion in 2026.

That outlook represents a compound annual growth rate of 13.7% during the forecast period. Based on those figures, the report points to a market that could nearly double in value within five years, highlighting sustained momentum in dermatology-focused medical technology.

The forecast was announced by MarketsandMarkets in a release distributed from Delray Beach, Florida, on July 29, 2026. While the available summary does not detail the full drivers behind the increase, the topline numbers indicate a sizable commercial opportunity for companies involved in dermatology devices and related healthcare equipment.

For investors, manufacturers, and healthcare industry watchers, the report adds to the broader picture of continued growth across specialized medical device categories. With the market expected to rise sharply through 2031, dermatology devices remain a segment to watch in the years ahead.