ALBANY, New York, June 20, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) " Skincare Devices Market (Lasabrasion, Microdermabrasion, Liposuction, LED Therapy, Dermatoscopes, Skin Rejuvenation, Cellulite Reduction, Skin Tightening & Body Contouring and Hair Removal) - Global Industry Analysis, Size, Sha re, Growth, Trends and Forecast, 2012 - 2018, " in 2011, the global skincare devices market was valued at USD 5.4 billion and is expected to grow at a CAGR of 10.1% from 2012 to 2018, to reach an estimated value of USD 10.7 billion in 2018.
Browse the full report with TOC at http://www.transparencymarketresearch.com/skincare-devices-market.html
The global skincare devices market is expected to grow at a CAGR of 10.1% during the forecast period mainly due to the technological advancements in product design, thus making the devices highly efficient as well as increasing adoption of minimally and non-invasive procedures to ensure better patient comfort. Due to a rise in global incidence of skin cancer and other skin disorders such as psoriasis, dermatitis and acne, and abnormalities such as moles, warts, lesions, etc. a large patient population undergoes diagnostic tests and subsequent treatments to cure the same. On the other hand, a surge in the demand for aesthetic procedures such as liposuction, skin rejuvenation, skin tightening, hair removal and body contouring is also expected to drive this market.The market for LED therapy devices accounted for the largest share of the total market for treatment devices whereas the lasabrasion devices market is expected to record the highest growth during the forecast period. The rising numbers of liposuction and hair removal procedures make these market segments highly attractive in terms of revenue and CAGR. Worldwide acceptance and use of laser and light based devices for aesthetic treatments will drive growth in future.