“Inclining healthcare expenditure, rising incidence of skin related diseases, technological advancement and rising awareness of aesthetic procedures will boom the global dermatology devices”, says RNCOS.
Noida, UP -- (SBWIRE) -- 07/13/2015 -- According to a new research report by RNCOS entitled, "Global Dermatology Device Market Outlook 2020", Asia has been witnessing higher growth in the skin care devices industry across worldwide, backed by factors such as rising popularity of cosmetic procedures and skin problems among the population of Asian region. The global dermatology devices market generates approximately US$ 6.8 Billion in 2014 and expected to grow at CAGR 12% during 2014-2020.
Treatment devices captures over 90% of the dermatology market in the year 2014 and their share is expected to remain more or less same in the next five years. However industry faces some challenges as well such as reimbursement issues and expensive treatments which hinder the growth of the market. Companies such as Cynosure Inc, Syneron Medical and Cutera are considered to be the larger players whereas small players in the global dermatology devices market are Lumenis, Photomedex, Carl Zeiss etc.
The report is spread in over 56 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Dermatology Device industry. The report provides clear picture of Skin care device market, its growth, and drivers & challenges backing up the industry. In addition to this, the study further highlights emerging trends and developments which have been occurring in the over the years, competitive landscape and regulatory scenario, among other pointers. It also provides valuable information to pharmaceutical and dermatology device companies and investors looking to enter this market. Facts and figures regarding market size, growth, share, regulatory environment and trends in technology development have been thoroughly analyzed in the report to provide clients a comprehensive overview of the market.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.