The Microdermabrasion Devices Market is estimated to be valued at US$ 481.09 Mn in 2022 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Microdermabrasion Devices are widely used in the beauty and skincare industry for skin rejuvenation. These devices exfoliate the skin and remove dead skin cells, resulting in smoother and younger-looking skin. The increasing demand for skin rejuvenation treatments, along with the rising disposable income of consumers, is driving the growth of the microdermabrasion devices market. The market offers various products such as diamond-tipped microdermabrasion devices, crystal microdermabrasion devices, and hydradermabrasion devices, among others.
Market Dynamics:
The growth of the microdermabrasion devices market can be attributed to two primary drivers. Firstly, the increasing demand for skin rejuvenation treatments from both men and women is fueling market growth. The desire to achieve youthful and healthy skin, coupled with the advancements in microdermabrasion technology, is driving the adoption of microdermabrasion devices. Secondly, the rising disposable income of consumers is leading to increased spending on skincare and beauty treatments. As consumers become more aware of the benefits of microdermabrasion, the demand for these devices is expected to grow further.
SWOT Analysis:
Strengths: The microdermabrasion devices market is expected to experience steady growth with a CAGR of 8.0% during the forecast period. The increasing demand for non-invasive cosmetic procedures and the rising awareness about skincare among the population are major strengths for the market.
Weaknesses: One weakness of the microdermabrasion devices market is the high cost associated with these devices, which can limit their accessibility to a certain consumer segment. Another weakness is the potential side effects and risks associated with the procedure, which may deter certain individuals from opting for it.
Opportunities: The market presents opportunities for innovation and technological advancements in microdermabrasion devices to improve their efficiency and safety. Additionally, the growing market penetration in emerging economies provides untapped opportunities for market expansion.
Threats: Two main threats to the microdermabrasion devices market include the increasing competition from other non-invasive skincare treatments and procedures and the potential for stricter regulations and guidelines on cosmetic procedures.
Key Takeaways:
The global microdermabrasion devices market is expected to witness high growth, exhibiting a CAGR of 8.0% over the forecast period, due to increasing demand for non-invasive skincare procedures and rising awareness about skincare among individuals. In terms of regional analysis, North America is currently the fastest-growing and dominating region in the market, attributed to the high adoption rate of cosmetic procedures and advanced healthcare infrastructure. Key players operating in the microdermabrasion devices market include DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Silk’n, HoMedics USA LLC, PMD Beauty, Dermaglow, ImageDerm Inc., Clairderm Medical Aesthetics, Sylvan Company, Altair Instruments, Koninklijke Philips, Microderm GLO Skincare USA, Silhouet-Tone, and Edge Systems LLC (HydraFacial). These key players play a crucial role in driving market growth through product innovation, strategic partnerships, and geographical expansion.
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The global microdermabrasion devices market was valued at around US$ 150 Mn in 2017.
Expansion of the global microdermabrasion devices market is due to the rise in demand for non-invasive procedures and increase in awareness regarding usage of microdermabrasion procedures for skin-related issues during the forecast period.
The microdermabrasion devices market in Asia Pacific is expanding with a high potential to grow, at a CAGR of more than 5.0% due to high prevalence of skin-related issues, development in the health care sector, and increased focus on innovative technologies in the region.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=51045Increasing demand for usage of minimally-invasive and non-invasive equipmentThe global population is aging rapidly, especially in some developed countries such as the U.S., most of Western Europe, and Japan.
This is attributed to improved health care infrastructure, reimbursement policies, and advancement in health care facilities in these countries.
Moreover, introduction of handheld devices in the microdermabrasion segments is likely to increase convenience for service providers, thereby driving the adoption of these devices and expansion of the overall market.Request COVID Analysis on Microdermabrasion Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=51045 Increase in prevalence of skin-related issuesMicrodermabrasion devices are utilized in various esthetic procedures as an effective non-surgical approach to treat acne, fine wrinkles, stretch marks, and hyperpigmentation and sun spots.
Non-invasive nature, instant effect to treat various skin disorders, and negligible recovery time of microdermabrasion procedure drive its popularity among patients and are major factors that are anticipated to drive the market during the forecast period.
