Global Microdermabrasion Devices Market Insights
Microdermabrasion is a cosmetic technique used to remove dead skin cells from a human via a handheld device. Microdermabrasion is known to reduce signs of aging, make the skin appear cleaner, exfoliate the skin, etc. The global microdermabrasion devices market is expected to grow at a healthy CAGR of over 4% during a forecast period of 2020-2030.
Rise in the number of cases of skin conditions and increasing awareness about such esthetic procedures are some noteworthy factors that are key to augment the growth of the global microdermabrasion devices market. Demand for microdermabrasion devices is also significantly impacted by globalization and social media.
The COVID-19 pandemic has negatively affected the market. However, in the long run, rise in the number of aesthetic procedures across the world will lead to the expansion of the microdermabrasion devices market size.
Microdermabrasion Devices Market Insights by Product
The global microdermabrasion devices market is mainly segregated into two product, i.e. capital equipment and accessories. Capital equipment is the dominant segment of the market, and accounts for over 60% market share.
This is predominantly due to increasing demand for skin procedures, globally, and rise in awareness regarding microdermabrasion techniques. The accessories segment will see a gradual rise, mainly due to rising occurrence of skin diseases and increased health consciousness.
There are two key technologies used in a microdermabrasion procedure, which are crystal microdermabrasion and diamond microdermabrasion. In these, the diamond microdermabrasion segment holds a majority share of 70% in the market, mainly due to an increase in the geriatric population resulting in more demand for skin procedures such as microdermabrasion, especially in Western countries.
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Microdermabrasion Devices Market Analysis by Application
By application, the global microdermabrasion devices market is separated into several segments - acne & scars, photo damage, anti-aging, hyperpigmentation, stretch marks, and others.
Among these, the dominant segment is the anti-aging segment, which has a decent share of 28%, mainly due to rise in the decrepit population and increasing awareness of such procedures across the world. The acne & scars segment is predicted to witness steady growth, owing to the rising beauty trend and increasing non-invasive skin care procedures.
Microdermabrasion Devices Market Analysis by End User
Based on end user, the global microdermabrasion devices market is segmented into hospitals, dermatology clinics, and others. Out of these, the hospitals segment has a majority share of approximately 60% in the market. A key factor in this being, the preference of people having skin care procedures in well-equipped hospitals and the prevalence of skin diseases along with safety & security issues.
However, the dermatology clinics segment is set to witness rapid growth during the forecast period, due to increase in the number of private clinics with more convenient facilities and private spas.
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Regional Outlook of Microdermabrasion Devices Market
Geographically, the global microdermabrasion devices market is divided into five regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America leads the microdermabrasion devices market share, owing to the vast increase in cosmetic procedures and awareness through social media as compared to other regions.
However, the market in Asia Pacific is set to witness the fastest growth rate over the coming years, largely due to the increasing population and high prevalence of skin diseases or disorders.
Key Players in Microdermabrasion Devices Market
The global microdermabrasion devices market is moderately consolidated in nature. The market is dominated by a few prominent players, including Koninklijke Philips N.V., Johnson & Johnson, Lumenis Ltd., Allergan PLC, Syneron Medical Ltd., Silhouet-Tone, Skin for Life, Altair Instruments, Viora, and Dermaglow.
These companies have a vast range of products pertaining to microdermabrasion and other skin care techniques, and are engaged in organic growth approaches.
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The Analyst’s Viewpoint
“Social media popularity and technological developments in microdermabrasion devices are prime factors for the market’s growth avenues.”
COVID-19 Impact on Microdermabrasion Devices Market
The COVID-19 disease caused by SARS CoV-2 coronavirus has had an immense negative impact, globally, from a business standpoint. The global microdermabrasion devices market has also witnessed significant negative impacts. This is mainly due to the adverse effect of the pandemic on the overall supply and demand of microdermabrasion devices across the globe.
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Microdermabrasion Devices Market: About the Report
Fact.MR published an exclusive forecast report on the microdermabrasion devices market for 2020 and 2030. The foremost objective of this report on the microdermabrasion devices market is to pitch spearhead insights on the market scenario, demand generators, and technological. Also, the study on the microdermabrasion devices market addresses key dynamics that are expected to diversify the sales and future prominence of the microdermabrasion devices market.
The report on the microdermabrasion devices market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the microdermabrasion devices market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the microdermabrasion devices market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for microdermabrasion devices.
Supply chain analysis and pricing analysis of the microdermabrasion devices market along with the difference between microdermabrasion devices used as per application have also been included in the report, to help readers clearly understand the product framework map in the microdermabrasion devices market.
Microdermabrasion Devices Market: Segmentation
Fact.MR has studied the microdermabrasion devices market with detailed segmentation on the basis of type, technology, application, end user, and key regions.
- Capital Equipment
- Crystal Microdermabrasion
- Diamond Microdermabrasion
- Acne & Scars
- Photo Damage
- Stretch Marks
- Dermatology Clinics
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Microdermabrasion Devices Market - Scope of the Report
A recent study by Fact.MR on the microdermabrasion devices market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the microdermabrasion devices market.
This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of microdermabrasion devices.
The study also provides the dynamics that are responsible for influencing the future status of the microdermabrasion devices market over the forecast period.
A detailed assessment of microdermabrasion devices value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the microdermabrasion devices market along with their product portfolios enhances the reliability of this comprehensive research study.
Microdermabrasion Devices Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the microdermabrasion devices market across the globe.
A comprehensive estimate on the microdermabrasion devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of microdermabrasion devices during the forecast period. Price point comparison by region with global average price is also considered in the study.
Microdermabrasion Devices Market: Analysis on Market Size Evaluation
The microdermabrasion devices market has been analyzed for each market segment in terms of value (US$ Mn).
Market estimates at global and regional levels for microdermabrasion devices are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent microdermabrasion devices market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global microdermabrasion devices market.
Microdermabrasion Devices Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the microdermabrasion devices market report, which have helped deliver projections on regional markets.
These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of microdermabrasion devices market during the forecast period.
Country-specific valuation on the demand for microdermabrasion devices has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
Microdermabrasion Devices Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of microdermabrasion devices, along with their detailed profiles.
Essential and up-to-date data related to the market performers who are principally engaged in the production of microdermabrasion devices has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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