The global Microneedling market gathered revenue around USD 590.1 Million in 2021 and market is set to grow USD 1.2 Billion by the end of 2030 and is estimated to expand at a modest CAGR of 7.9% during the prediction period 2021 to 2030.
Report Coverage
Report Scope | Details |
Market Size | USD 1.2 Billion by 2030 |
Growth Rate | CAGR of 7.9% From 2021 to 2030 |
Base Year | 2020 |
Forecast Period | 2022 to 2030 |
Historic Data | 2017 to 2021 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Technique, Product, Material, Application, End-user and Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Lumenis, Cutera, Cynosure, EndyMed Medical Ltd., Candela Medical, Environ Skin Care, Eclipse Med Global, Derma Quip, Lutronic, Dermaroller GmbH, Crown Aesthetics, Shenb Co. Ltd., Veroderm Medical Technologies, Nubway Co. Ltd., Timpac Healthcare, and Sincoheren Ltd. |
COVID-19 Impact Assessment on Market Landscape
The Increasing awareness of minimally invasive skincare procedures in which the top layer of the skin is punctured using needles in order to heal or rejuvenate the skin cells. This treatment is previously called collagen induction therapy that uses microneedling pen or roller to stimulate collagen production into your skin. Dermatologists suggest this treatment to heal skin problems such as acne, scars, wrinkles, discoloration, surgical scars, etc. Microneedling techniques are beneficial for the people having complex skin disorders. Though offering with several benefits, some safety concerns can hamper the growth of microneedling market across the globe. Microneedling market is harshly affected by pandemic 2020. All the dermatology services were halted during the lockdown. However, the microneedling market is creating lucrative opportunities post-pandemic due to its increasing popularity and efficacy.
Minimal invasive procedures are relatively simple, efficient, and cost-effective than any other traditional surgical procedures. It is the surgical process that uses smaller incisions or cuts. Apart from orthopedics, this technology can be widely used for various cosmetic treatments such as microneedling. Microneedling is a procedure that can be executed by puncturing of epidermis to stimulate the production of collagen. The ultimate aim is to cure wide range of skin issues such as acne, scars, burn scar, traumatic, stretch marks, alopecia, skin discoloration, and various other skin complexities. It has been found that many patients are incorporating minimally invasive surgeries to cure their skin disorders. Less complexity, less postoperative pain, little risk of infection, fastest recovery, and cost-effectiveness are some of the major factors for its growing success and popularity.
Manufacturers in the microneedling market are establishing their innovative products in the market to cater the demands from dermatology clinics, hospitals, and surgical centers. Metal is the most favorite material used by professionals to fabricate the microneedles used in this treatment. Apart from this, glass, silicon, polymers, etc. can also be used for microneedling treatments. Manufacturers operating in the microneedling market are focusing on creating more revenue opportunities through their quality products. In terms of microneedling devices, derma roller, derma pen or derma stamp are quite popular. Available in different sizes and shapes, these handheld devices are easy to operate. Microneedling pen is trending these days due to its promising control, adjustable depths, and efficiency than other devices.
The microneedling market is expected to rise at a CAGR of 7.9% during the forecast period. The microneedling market is estimated to cross the valuation of US$ 1.2 Bn by 2030. In North America, people have started investing in skin care treatments for skin problems. Being one of the effective solutions on aging, women are more likely to opt for microneedling procedures. Such trends are creating value-grab opportunities for companies and manufacturers operating in the microneedling market. Increasing popularity of skin rejuvenation & resurfacing treatments, growing geriatric population, rising number of skin problems are some of the factors boosting the microneedling market in North America.
Surging cosmetics procedures, technological advancement in dermatology, and rapidly increasing market contributors to stay ahead in the competition fuel market growth. Investments in R&D activities in surgical procedures, along with awareness and acceptance of skin care procedures are the factors responsible for the growth of the microneedling market in Asia Pacific. In addition, rising popularity of minimally invasive procedures in India, China, and Japan also creates tremendous growth opportunities.
Regional analysis
In 2020, North America held the largest market share of 41.1% and will expand further at a steady CAGR from 2021 to 2027. The U.S. accounted for the largest share in the North America regional market. An increase in the number of cosmetic procedures being performed is propelling the product demand in North America. The presence of advanced healthcare facilities & skilled professionals and high disposable income levels are also among the major factors driving the growth of the regional market.
On the other hand, Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. An increase in the demand for antiaging treatment, a rise in the standard of living, and growing consumer disposable income levels in emerging countries are boosting the market expansion in the Asia Pacific region. In addition, the availability of skilled professionals, advanced techniques, and cheaper treatments are attracting customers from around the world, which is leading to a large number of aesthetic procedures being performed in the region.
Some of the prominent players in the Microneedling Market include:
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 2027 and covers subsequent region in its scope:
Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Microneedling Market Study: