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Global Microdermabrasion Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 1.7 Bn by 2028, Likely to Grow with the CAGR of 6.8% During the Forecast Period.
The global Microdermabrasion market has shown moderate growth and is anticipated to witness impressive growth in coming years. Some of the factors fuelling the growth if global market includes rising skin related issues, high demand for anti-aging service, and advantages associated with microdermabrasion.
Rising Prevalence of Skin Related Issues Coupled With Geriatric Populations Is Driving the Demand for Microdermabrasion Across The Globe
The global market is driven by rising occurrences of skin related issues and growing geriatric population across the globe. This promotes the demand for microdermabrasion devices significantly. The increasing disposable income, global acceptance of non-invasive beautification treatments, and rising incidents of skin related issues are the major factors fuelling the growth of global market.
Moreover, rising social media penetration and globalization is also expected to poise a positive impact on the market growth. Manufacturers are continuously launching new products based on different skin related issues which is anticipate to create growth opportunities for global microdermabrasion market during the forecast period.
Based on Product Type, the Diamond Segment Accounted for Key Share in Global Market
On the basis of product type, the diamond segment is anticipated to lead the global market throughout the forecast period. The segment occupied highest market share in 2019. This is mainly due to the advanced features associated with diamond products. These devices offer enhanced safety to the patient skin and easy to use. These devices have treatment for several diseases including hyperpigmentation, wrinkles, old stretch marks, acne scars, and fine lines. Additionally, these products help in increasing collagen in the skin, increase blood flow, are highly effective, and non-invasive which augment the demand of these products over the forecast period.
Anti-Aging Segment is Anticipated to Witness Lucrative Growth during the Forecast Period
Based on application, the anti-aging segment is projected to witness rapid growth during the forecast period. The growth of the segment can be credited to the rising geriatric population. According to a study conducted by Population Reference Bureau, the average number of geriatric populations aged between 60 to 65 years. is estimated to be more than 90 million.
Moreover, the others segment occupied significant market share throughout the forecast timespan. The microdermabrasion devices have registered high demand for several skin issues since last few years.
Clinics & Beauty Segment Is Estimated To Experience Fastest CAGR During The Forecast Period
On the basis of end-user, the clinics & beauty segment is projected to show highest growth over the forecast period. The clinic & beauty settings offer efficient and high-quality treatment which is expected to propel the segment growth.
On the other hand, home use segment is expected to show noteworthy growth in coming years. These products as more convenient and user friendly to use. Also, the rising demand for home-based medications is expected to create new growth opportunities for the segment.
North America held Key share in Global Market in 2019
By geography, North America is expected to occupy maximum market share throughout the forecast period. The dominance of the region can be attributed to high demand for non-invasive techniques and rising popularity of cosmetic surgeries across North America. Moreover, availability of skilled dermatologists and growth in patient care services are anticipated to propel the regional growth.
Asia Pacific is anticipated to witness impressive growth during the forecast period. The growth of Asia Pacific can be accredited to large number of consumer base, availability of cost-effective techniques, and rising income per capita.
Some of the major players operating in global market include Koninklijke Philips N.V, Johnson & Johnson, Lumenis ltd, Skin for Life, Silhouet-Tone, Altair Instruments, PMD, and Dermaglow.
Global Microdermabrasion Market by Type
Global Microdermabrasion Market by Application
- Stretch Marks
- Acne & Scars
- Photo Damage
Global Microdermabrasion Market by End-Use
- Clinics & Beauty Centers
- Home Use
Global Microdermabrasion Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America