According to Vision Research Reports, the global Microdermabrasion Devices Market size is expected to reach US$ 980.7 Mn by 2030, expanding at a CAGR of 8.5% during the forecast period 2022 to 2030.
Growing cases of skin-related conditions is a major factor driving the market growth. Moreover, high demand for anti-aging treatments due to the growing geriatric population will boost the market. Increasing demand for cosmetic procedures is also anticipated to fuel market growth.
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Rising cases of skin conditions and increased obsession with flawless skin are the key market growth drivers. The market witnessed a significant setback due to the COVID-19 pandemic. Since the majority of cosmetic products were not medical necessities, lockdown imposed in several countries led to the closure of beauty salons & med spas, dermatology clinics, and retail stores. However, the incidence of several skin conditions like contact dermatitis, seborrheic dermatitis, acne, etc. has increased during the COVID-19 pandemic.
|Market Size||US$ 980.7 Million by 2030|
|Growth Rate||CAGR of 8.5% From 2022 to 2030|
|Largest Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Segments Covered||Type, Application, End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Johnson & Johnson; Skin for Life; Altair Instruments; Dermaglow; PMD; Silhouet-Tone; Lumenis Ltd.; Koninklijke Philips N.V.|
By Type Analysis
On the basis of types, the global market is segmented into diamond and crystal microdermabrasion devices. The crystal microdermabrasion segment accounted for the highest share of around 54.0% of the global revenue in 2021. The segment is projected to expand further at the fastest CAGR over the forecast period.
The segment growth can be credited to the ability of diamond microdermabrasion devices to provide a smooth appearance as compared to crystal microdermabrasion devices. Procedures with diamond microdermabrasion devices are ideal for a range of skin conditions, such as wrinkles, fine lines, acne scars, uneven skin tone, old stretch marks, and hyperpigmentation.
By Application Analysis
On the basis of applications, the global market has been further divided into acne & scars, photo damage, anti-aging, hyperpigmentation, stretch marks, and others. The anti-aging application segment held the highest market share of more than 34.0% in 2021 and is expected to grow further at the fastest CAGR over the forecast period.
The growth can be attributed to the increasing geriatric population. For instance, according to Population Reference Bureau, by 2060, the number of individuals aged above 65 years is estimated to reach nearly 98 million, which is approximately double the number in 2016.
This indicates that the population in the U.S. is more focused on looking young and therefore the region has a high demand for anti-aging treatments. The number of non-invasive treatments has increased globally due to the fact that the focus on aesthetic appearance has risen in the last decade, which has led people to opt for such procedures diligently.
By End-use Analysis
On the basis of end uses, the market is categorized into clinics & beauty centers and home use. The clinics & beauty centers segment held the largest revenue share of more than 87% in 2021 and will expand further at a steady CAGRduring the forecast period.
The procedure carried out in-office under the supervision of an aesthetic professional is more effective and gives more visible results and therefore has a high market growth. The home-use segment is also gaining popularity as home-use products are user-friendly and offer much more comfort to patients.
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By Regional Analysis
On the basis of geographies, the global market has been further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of 43.0% of the global revenue in 2021 due to the increasing number of cosmetic procedures and high demand for minimally invasive techniques.
North America is expected to be a key revenue generator for the global market in the coming years. On the other hand, the regional market in Asia Pacific is projected to grow at the fastest CAGR during the forecast period. The regional market is mainly driven by countries, such as China, India, and Thailand.
- Johnson & Johnson
- Skin for Life
- Altair Instruments
- Lumenis Ltd.
- Koninklijke Philips N.V.
- Envy Medical, Inc.
- The HydraFacial Compan
- By Type
- By Application
- Acne & scars
- Photo damage
- Stretch marks
- By End-use
- Clinics & Beauty Centers
- Home Use
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- North America
The microdermabrasion devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of microdermabrasion devices market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global microdermabrasion devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the microdermabrasion devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted microdermabrasion devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the microdermabrasion devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of microdermabrasion devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global microdermabrasion devices market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major microdermabrasion devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of microdermabrasion devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the microdermabrasion devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
microdermabrasion devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microdermabrasion devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of microdermabrasion devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new microdermabrasion devices market. These factors have benefited the growth of the global market for microdermabrasion devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for microdermabrasion devices. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of microdermabrasion devices are as follows:
- History Year: 2019-2021
- Base Year: 2022
- Forecast Year 2022 to 2030
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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