The global market for dermatology devices is expected to experience a prominent surge in demand over the coming years. The growth of dermatological treatments across the world is apparently the prime factor contributing to market growth. Furthermore, the rising consciousness amongst the people about their physical appearance also acts as an important standpoint for the market. Dermatology devices include lasers, RF devices, and microdermabrasion devices, and other accessories that can either cure skin diseases or enhance the skin. A report by Transparency Market Research (TMR) expounds key dynamics prevalent in the global market in order to give a holistic view of the market. The report titled ‘Dermatology Devices Market – Global Industry Size, Share, Trends, Analysis, And Forecasts 2016 – 2024’ acts as a yardstick to gauge the lucrativeness of the market over the coming years.
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The growing levels of population over the past decade have directly influenced the instance of skin diseases. This has necessitated the need to have effective dermatological treatments, thus, creating demand within the global dermatological devices market. Furthermore, the nascent propensity of the people towards cosmetic correction procedures to enhance beauty has also been a substantial propeller for market growth. The psychological inclination of the people towards enhanced physical appearance has also streamlined a large chunk of the population into the market. Although the high costs of dermatological treatments pose a threat to market growth, the glorification of skin treatments and high instance of skin diseases is expected to keep bolstering market demand.
Asia Pacific, North America, Europe, and the rest of the world are the key regional market segments. The market in North America is expected to attain supremacy over other regions on account of the high instance of skin cancer and other skin diseases in the region.
The leading market players include Cynosure Inc., Ellipse A/S, Bruker Corp., Ge Healthcare, Genesis Biosystems, Nikon Corp., Lucid Inc., and Michelson Diagnostics Ltd.