According to the research report titled ‘Dermatology Devices Market Size By Product Type (Diagnostic Devices [Imaging Devices, Dermatoscopes, Biopsy Devices], Treatment Devices [Light Therapy Devices (LED Therapy), Lasers, Microdermabrasion Devices, Cryotherapy Devices, Electrosurgical Equipment, Liposuction Devices]), By Application, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, global dermatology devices market is projected to garner a valuation of USD 20 billion by the end of the forecast period 2019-2025.
 

Surging demand for cosmetic procedures, technological advancements in skincare devices, increasing cases of skin related disorders and skin cancer, and rising expenditure on skincare are fueling global dermatology devices market growth.
 

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Moreover, high demand for home-based devices and rising prevalence of obesity are augmenting the demand for dermatology gadgets. Furthermore, mounting geriatric population, an upward trend in healthcare spending, and escalating disposable income are contributing to the market progression.
 

On the contrary, various side effects associated with skin treatments, and high cost of related equipment are likely to hamper the remuneration scope of the industry over the forecast timeframe, claims the report.
 

Based on product type, treatment devices segment is speculated to record 12.5% CAGR over the assessment period, owing to growing acceptance of technically advanced treatments, rising cases skin diseases, and increasing desire for better appearance among the population.
 

Meanwhile, lasers segment is expected to significantly contribute to worldwide dermatology devices industry revenue over the forecast years, creditable to wide adoption of laser treatment for skin tightening and removal of unwanted air, age spots, fine lines, and wrinkles.
 

As per application spectrum, skin rejuvenation segment accrued USD 2 billion revenue share in 2018 and is anticipated to expand significantly through 2025, creditable to increasing aging population demanding skin rejuvenation solutions to look young and healthy by substituting old, damaged skin cells with new ones.
 

Geographically, Europe held 27% revenue share in 2018 and is expected to emerge as a key avenue for the industry players over 2021-2025, owing to growing emphasis on technically advanced devices, presence of well-established healthcare infrastructure, and rising cognizance regarding advanced skin treatment and diagnosis.
 

Prominent firms impacting global dermatology devices market trends are Genesis Biosystems Inc., Ellipse (Candela Corporation), Dansys Group, Cutera Inc., Cortex Technology, biolitec AG, Beijing Toplaser Technology Co. Ltd., AMD Global Telemedicine Inc., and Ambicare Health Ltd., among others.