Dermatology Devices Market Expected to Reach USD 25.6 billion by 2025 at a CAGR of 13.4%.
Dermatology Devices Market Overview:
It is expected that the global market of dermatology devices will grow significantly in the coming years. The main motivator that leads to market growth is the increasing prevalence of skin problems such as scars and acne. Other factors that drive the global dermatological device market include the strong demand for home appliances, the growing number of obese people, demand from celebrities in movies and modelling, and the significant increase in non-invasive liposuction procedures. Dermatology devices include radiofrequency devices, lasers, microdermabrasion devices and other related accessories. These devices are installed in dermatology clinics and hospitals to help physicians in the treatment of skin diseases and also for the diagnosis of skin cancer. The report provides a brief description of the sector and focuses on the key factors and limitations that affect the growth of the dermatology devices market.
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Dermatology Devices Market size is expected to reach a value of USD 25.6 billion by 2025 at a 13.4% CAGR during the forecast period.
Dermatology Devices Market Drivers and restraints:
It is expected that the global market will grow significantly in the coming years due to the growing aesthetic awareness and consciousness about appearance. The demand for non-invasive aesthetic correction procedures is also increasing, which will also boost the growth of the market. The increase in medical care costs, the increase in disposable income and the growth of the geriatric population are strengthening the demand for these devices. On the other hand, the high cost of dermatological treatments should prevent patients from undergoing surgery. In addition, dermatological treatments have several side effects, which represents a great challenge for market players.
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Dermatology Devices Market Geographical segmentation:
North America is expected to dominate the global dermatology devices market in the near future due to high rates of skin-related diseases, technological advances and high non-recoverable health expenditures. It is also expected that Europe will experience rapid growth in the market in the next period. The Asia-Pacific region is expected to experience remarkable market growth in the near future due to increasing patient awareness, untapped opportunities, increased penetration and rapid improvement of healthcare infrastructure.
The prominent players in the global dermatology devices market include GE Healthcare, Ambicare Health Ltd., Nikon Corp., Cutera, Inc., Agilent Technologies Inc., Lumenis, Ltd., Applisonix Ltd., Valeant Pharmaceuticals, Biolitec Ag, Cynosure Inc., Genesis Biosystems, Alma Lasers Ltd and Bruker Corp.
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