May 22, 2024
Microdermabrasion Devices Market

Microdermabrasion Devices Market is Expected to be Flourished by Rising Focus on Skincare Services

Microdermabrasion is a nonsurgical cosmetic procedure that uses an exfoliating device to help remove surface layers of the skin to reveal a fresher, younger-looking complexion. The procedure helps smoothen skin texture, reduce the appearance of fine lines and signs of aging, soften facial scars, and diminish hyperpigmentation concerns such as acne spots and age spots. Microdermabrasion can be used on the face, neck, chest, hands, and other body parts. It is commonly performed in dermatology clinics, medical spas, and beauty salons. Microdermabrasion lowers the depth of wrinkles by 1⁄4 to 1⁄3 of the original depth and stimulates the production of collagen and elastin.

The global microdermabrasion devices market is estimated to be valued at US$ 517.61 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The microdermabrasion devices market is driven by rising focus on skincare and anti-aging procedures among consumers. Changing lifestyles and stress have accelerated skin aging, driving the demand for non-invasive procedures to reduce signs of aging. Additionally, factors such as increasing disposable income, growing millennial population, and expanding medical tourism industry are also fueling the growth of the microdermabrasion devices market.

Furthermore, technological advancements have led to the development of new generation microdermabrasion machines equipped with features such as adjustable vacuum pressure, ceramic heads, and safety filters. These devices ensure more effective exfoliation results with minimal side effects. The availability of cordless and compact devices has also made microdermabrasion treatment accessible for home use. This growing popularity of at-home microdermabrasion systems is expected to propel the market growth over the forecast period.
Segment Analysis
The microdermabrasion devices market is segmented into the product and application. Based on product, the market is classified into Crystal microdermabrasion, Diamond microdermabrasion and others. Currently, the crystal microdermabrasion dominates the market due to its advantages like minimal pain, less downtime, and lower cost.

PEST Analysis
Political: The regulations regarding usage and safety of medical aesthetics devices are becoming more stringent. This increases compliance cost for manufacturers.
Economic: Rising disposable income and growing middle class in developing countries is fueling the adoption of microdermabrasion devices for cosmetic procedures.
Social: Increasing social acceptance of medical aesthetic procedures is driving high demand. People are more conscious about their youthful appearance.
Technological: Advanced devices with features like adjustable suction levels help achieve better results with minimal pain and discomfort. Integration of other technologies like vacuum and LED therapy further enhances the treatment outcomes.

Key Takeaways
The Global Microdermabrasion Devices Market Size is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis: North America is expected to maintain its dominance during the forecast period. Rising medical tourism in Mexico is boosting the market in this region. In Asia Pacific, China and India are projected to offer most lucrative opportunities owing to growing medical aesthetics industry, rising affluence, and increasing access to quality healthcare.

Key players operating in the Microdermabrasion Devices market are Cipla, Teva Pharmaceuticals, Glenmark Pharmaceuticals, AdvaCare Pharma, Medlab Pharmaceuticals Private Limited, Dermocare Laboratories, Iva Healthcare Private Limited, Unilab Chemicals & Pharmaceuticals Pvt Ltd, Organon group of companies, Cosette Pharmaceuticals, Taro Pharmaceutical Industries Ltd., and Hikma Pharmaceuticals. Cipla and Teva Pharmaceuticals have the largest market share due to their wide global distribution network and diverse product portfolio.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it