NEW YORK, May 25, 2018 (GLOBE NEWSWIRE) -- The skincare devices market size is projected to grow at a CAGR of 11.2% during 2017-2023. The growth in the market will be led by increasing cases of skin cancer and skin related disorders, rising demand for aesthetic procedures, growing geriatric population, technological advancements in skincare devices, and increase in disposable income.
Medical tourism is defined as the travel across international borders to avail some form of medical treatment, which might or might not be present in the traveler’s home country. It includes people who travels to different places to receive better treatment and care at affordable prices as compared to traveler’s home country. Some of the reasons of the medical tourism are affordable treatment cost, access to immediate services, excellent quality and world class facility, access to latest technology, and more qualified and experienced doctors and surgeons. Medical tourism is among the major factors for generating revenue in the global skincare devices market in developing countries such as India, South Africa, Thailand and Mexico. According to Medical Tourism Association (MTA) patient survey, 33% patients travelled abroad for cosmetic surgery. As per the reports of MTA 2013 Medical Tourism Patient Survey, Latin America and Asia are the two leading regions for medical travel.
Request for sample pages: https://www.psmarketresearch.com/market-analy...ort-sample
Increase in the disposable income has led to the rise in the expenditure on skincare, globally. According to the American Society of Plastic Surgeons (ASPS), Americans spent more than $16 billion on cosmetic plastic surgeries, in 2016. According to the World Bank, the GDP per capita growth rate in China was 6.4% in 2015, and around 6.3% in India. The increase in GDP per capita income and high disposable income has led to increasing spending power of the Asian population on the skincare treatment. Liposuction, hair removal and photo rejuvenation are some of the most commonly performed skin treatment, which further drives the growth of the global skincare devices market.
Europe is the second largest market for skincare devices, estimated to account for 22.7% of the global market in 2017. The market growth in Europe is mainly attributable to the increasing aging population and rising number of surgical procedures performed for the treatment of obesity in the region. Among the European nations, the German skincare devices market is the largest. However, France is expected to project the fastest growth in demand for skincare devices in the region.
Browse Report Summary with Detailed TOC on Skincare Devices Market @ https://www.psmarketresearch.com/market-analy...ces-market
Some of the other key players operating in the skincare devices market include Michelson Diagnostic Ltd., Merz Pharma GmbH & Co. KGaA, PhotoMedex Inc., Lumenis Ltd., Hologic Inc., Alma Lasers Ltd., Panasonic Corporation and Valeant Pharmaceuticals International Inc.
More Reports by P&S Market Research
Breast Biopsy Devices Market
Breast biopsy surgeries are cheaper in India and they are also witnessing an increase in the research and development for the treatment of breast cancer, which is ultimately propelling the growth of the breast biopsy devices market in the region.
https://www.psmarketresearch.com/market-analy...ces-market
Transradial Access Devices Market
Similarly, in February 2016, Nipro North America announced the launch of Cronus HP high-pressure, 0.035" over-the-wire percutaneous transluminal angioplasty (PTA) balloon catheter. The catheter was meant for PTA through femoral, iliac, popliteal, and renal arteries, for the treatment of obstructive lesions in arteriovenous dialysis fistulae.
https://www.psmarketresearch.com/market-analy...ces-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact: P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
