Global Microdermabrasion Market, By Type (Bare Metal, Drug Eluting, BVS), By Offering (Hardware, Software) By End User (Hospital, ASC, Cardiology Center) opportunities and forecast 2020-2027
Rising cases of numerous skin conditions is expected to be key factor augmenting market growth. High demand for the anti-aging services (procedures and treatments) due to the growing geriatric population is further estimated to fuel industry growth. This eventually increases demand for the microdermabrasion devices, thus driving the market.
Rising cases of the skin-related conditions, growing disposable income, and the global acceptance of the non-invasive procedures for the skin beautification are among the noticeable factors supplementing the product demand.
In addition, globalization and social media have also certainly affected product demand, thus boosting the market growth. Anti-aging is fastest-growing application due to factors, such as rising geriatric population. According to the Population Reference Bureau, by 2060 number of individuals over 65 years of age is likely to reach closely 98 million, which is about double the number in the year 2016.Segment Overview
Based on type, the microdermabrasion market is segmented into the diamond and crystal microdermabrasion. Diamond segment lead the market share in 2019. The devices are convinient to use and provide complete safety to patients during treatment, thereby fuelling the segment growth. Procedures with such equipment are ideal for range of skin conditions, including fine lines, wrinkles, acne scars, old stretch marks, uneven skin tone, and hyperpigmentation. Furthermore, the systems are highly effective, non-invasive, and also help intensification of blood flow and in the the production of collagen in skin.
According to International Society of the Aesthetic Plastic Surgery (ISAPS), around 366,698 microdermabrasion processes were carried out globally in 2014. Microdermabrasion is safe and short nonsurgical procedure that provide many benefits. The procedure can be accomplished on all skin colour and type. In this procedure, non-allergenic crystals are used to treat skin, which is helpful for the chemical sensitive skin. The technique does not involve any severe risks when implemented by professionals.Regional Overview
North America held substantial market share in 2019 due to surge in number of the cosmetic procedures and the high demand for the minimally invasive methods. Presence of large number of companies with availability of skilled professional and dermatologists in the North America will propel the market further. Furthermore, advent of advanced products and the improved patient care services in region are expected to boost microdermabrasion market growth.
Asia Pacific led market share in 2019 and is expected to witness maximum CAGR over forecast period. This can be accredited to rising number of dermatology processes being performed, high presence of target population, growing disposable income levels, and the availability of the cost-effective procedures.Competitor overview
Introduction of the new products for treatment of various skin disorders is assessed to augments the market growth in the coming future. Some of key companies in global market are Silhouet-Tone, Koninklijke Philips N.V., Dermaglow, and Skin for Life. Other major firms in market include Johnson & Johnson., Altair Instruments, PMD, and Lumenis ltd.Key Players
- Johnson & Johnson
- Skin for Life
- Altair Instruments
- Lumenis ltd
- Koninklijke Philips N.V
By End User
- Acne & Scars
- Photo Damage
- Stretch Marks
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA