(EMAILWIRE.COM, February 22, 2019 ) Globally, the Dermatology Devices Market is witnessing high growth due to factors such as the rising incidence of skin disorders, increasing awareness on aesthetic procedures, technological advancements, and increasing healthcare expenditure.

On the other hand, reimbursement uncertainties & issues and stringent regulatory policies are expected to restrain the growth of this market to a certain extent during the forecast period. Key players in the market are focusing on the strategies of expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their foothold in the market.

Based on the type of diagnostic devices, the dermatology devices market is segmented into dermatoscopes, microscopes, and imaging devices. The imaging devices segment is expected to account for the largest share of the market during the forecast period. The high growth of this segment can be attributed to technological advancements and increasing awareness about the available aesthetic procedures in the market.

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Based on the type of treatment devices, the dermatology devices market is segmented into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices. The light therapy devices segment is projected to witness the highest growth in this market due to technological advancements in treatments and increasing incidence of skin disorders.

Based on the application of diagnostic devices, the dermatology devices market is segmented into skin cancer diagnosis and other diagnostic applications. The skin cancer diagnosis segment is projected to witness the highest growth in this market during the forecast period primarily due to the rising incidence of skin disorders.

Based on the application of treatment devices, the dermatology devices market is segmented into hair removal; skin rejuvenation; acne, psoriasis, and tattoo removal; wrinkle removal and skin resurfacing; body contouring and fat removal; vascular and pigmented lesion removal; warts, skin tags, and weight management; and other treatment applications. The hair removal segment is estimated to account for the second-largest share of the dermatology treatment devices market in 2016. The large share of this segment can primarily be attributed to the increase in the number of hair removal procedures.

In the coming five years, growth in the dermatology devices market is likely to be centered in Asia. High growth in this region can be attributed to the rising incidence of skin diseases, increasing healthcare expenditure, and increasing awareness regarding aesthetic procedures.

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