Analysis of Microdermabrasion Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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.
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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.
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.
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.
“Social media popularity and technological developments in microdermabrasion devices are prime factors for the market’s growth avenues.”
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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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.
Fact.MR has studied the microdermabrasion devices market with detailed segmentation on the basis of type, technology, application, end user, and key regions.
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The global microdermabrasion devices market is expected to grow at a CAGR of over 4% during the forecast period.
Capital equipment is the dominant segment and holds nearly 60% market share.
Koninklijke Philips N.V., Johnson & Johnson, Lumenis Ltd., Allergan PLC, Syneron Medical Ltd., Silhouet-Tone, Skin for Life and others.
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