by The microdermabrasion devices market consists of equipment used for treating various skin conditions and improving skin appearance by gently exfoliating the outer layers of the skin. Microdermabrasion devices use highly controlled vacuum and microcrystals to suction away dead skin cells through a comfortably abrasive technique that stimulates collagen production. The growing demand for non-invasive and less painful aesthetic procedures to treat acne, sun-damage, fine lines, wrinkles, and stretch marks is driving the need for microdermabrasion devices.
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 key trends:
The growing need for skin treatment is propelling the microdermabrasion devices market over the forecast period. With increasing disposable incomes and rising aesthetic consciousness, people are more willing to undergo routine skin treatments and non-invasive procedures. Microdermabrasion is a popular non-invasive skin treatment method that physically exfoliates the top layers of dead skin to promote new skin growth and reduce the appearance of skin imperfections. The technique helps treat various skin conditions like acne, sun damage, wrinkles, stretch marks and aging skin. As the demand for easy, quick and painless aesthetic procedures increases, microdermabrasion devices are gaining more popularity globally. This rising need for skin treatment and rejuvenation will continue to drive the growth of microdermabrasion devices market in the coming years.
SWOT Analysis
Strength: Microdermabrasion devices are non-invasive and minimal downtime procedures for skin exfoliation. They help reduce fine lines, wrinkles, sun damage and acne scars.
Weakness: Microdermabrasion may cause side effects such as mild to moderate redness, peeling or dryness of the skin. It requires multiple treatments for long lasting results.
Opportunity: Growing demand for non-invasive and minimal downtime cosmetic procedures among millennials drives the market. Also, increasing aesthetic consciousness fuels the market growth.
Threats: Presence of alternative techniques for skin resurfacing such as laser resurfacing limits the market potential. Strict regulatory environment pertaining to cosmetic procedures also poses challenges.
Key Takeaways
The Global Microdermabrasion Devices Market Size is expected to witness high growth.
Regionally, North America dominates the market currently due to high aesthetic awareness and availability of advanced cosmetic treatments. Asia Pacific is anticipated to grow at fastest pace during the forecast period driven by rapid urbanization, rising medical tourism and growing middle class population in countries such as China, India and South Korea.
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. These players are focusing on new product launches and geographical expansion to strengthen their market position. For instance, Cipla launched microdermabrasion kit in 2018 to cater to the aesthetic industry in India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
