Flourishing Medical Tourism to Propel Global Skincare Devices Market in Developing Nations

Published By : 21 Apr 2016 | Published By : QYRESEARCH

Developing Nations to Augment Global Skincare Devices Market
The global skincare devices market is expected to rise at a significant pace in the coming years due to burgeoning medical tourism industry. This market will receive a massive impetus from emerging economies as several developing countries will be able to offer cheaper medical tourism facilities to treat various kinds of skin ailments. The growing awareness about cost-effectiveness of tourism is also expected to boost the skincare devices market in developing countries.  The only restraints for skincare devices market in developing nations are lack of skilled professionals, language barriers, and paucity of technologically advanced equipment. On the other hand, developed nations will continue to bear the brunt of struggling healthcare sector. Owing to this several nations in the league of developed countries will expenditure, quality, and access to skincare sector, thereby fueling the demand in the developing nations.

Dermatoscopes and Lasabrasion to Lead Overall Market
The global skincare devices market is segmented on the basis of type, application, and geography. The types of skincare devices are diagnostic devices and treatments. The diagnostic devices are further segmented into biopsy devices, dermatoscopes, and image guidance systems. On the other hand, the treatment devices segment is sub-segmented into lasabrasion (laser skin resurfacing) devices, microdermabrasion devices, electrosurgical devices, liposuction devices, cryotherapy devices, and LED therapy devices. Application of these devices is seen in disease diagnosis and treatment, skin rejuvenation for acne, sun damage, and wrinkles, hair removal, cellulite removal, skin tightening and body contouring, and damage repair such vascular, pigmented lesions, and tattoo removal. On the other hand, the lasabrasion devices segment in the overall market is expected to rise at a fast pace due to continuous product innovation and technological advancements. 

Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World. As the overall skincare devices market is undergoing major transform it has a high degree of competition. Existing market players and new entrants will have come up with innovative approaches and unique business and marketing ideas to tackle the competition.

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