The global microdermabrasion devices market size was valued at USD 473.2 million in 2021, and is predicted to be worth around USD 980.7 million by 2030, registering a CAGR of 8.5% during the forecast period 2022 to 2030.
Growth Factors:
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.
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.
Report Coverage
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.
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.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Microdermabrasion Devices Market include:
- Johnson & Johnson
- Skin for Life
- Altair Instruments
- Dermaglow
- PMD
- Silhouet-Tone
- Lumenis Ltd.
- Koninklijke Philips N.V.
- Envy Medical, Inc.
- The HydraFacial Compan
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Market Segmentation
- By Type
- By Application
- Acne & scars
- Photo damage
- Anti-aging
- Hyperpigmentation
- Stretch marks
- Others
- By End-use
- Clinics & Beauty Centers
- Home Use
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Microdermabrasion Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Microdermabrasion Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Microdermabrasion Devices markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Microdermabrasion Devices Market Study:
- Growth of Microdermabrasion Devices in 2022
- Market Estimates and Forecasts (2017-2030)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Microdermabrasion Devices and How to Navigate
- Key Product Innovations and Regulatory Climate
- Microdermabrasion Devices Consumption Analysis
- Microdermabrasion Devices Production Analysis
- Microdermabrasion Devices and Management
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