Global Microdermabrasion Market – Synopsis
Acknowledging kind of the growth the market
perceives currently; Market Research Future (MRFR) has recently published a
study report giving out the complete market forecast up to 2023. In its
analysis, MRFR asserts that the global Microdermabrasion market share
projected to reach USD 1.03 Billion by 2032 with 8.50% CAGR during 2023-2032.
Microdermabrasion or microderm is a
technique of exfoliation with the use of a machine to improve health and
appearance of skin by sloughing off dead skin cells, allowing new cells to the
surface. Considered as a non-invasive treatment Microdermabrasion is safe for
individuals with all skin types and textures. However, Microdermabrasion
treatment is generally used to remove various types of scars caused due to
hyperpigmentation, acne & Trauma, Photo-Damage, and Stretch Marks, among
others.
Scars, especially on the face affect a
person’s appearance and hence personality, further making the person vulnerable
to lose the self-confidence. With the rapid urbanization and increasing access
to the improved healthcare, which is fuelled by the improving economic
conditions, people are becoming conscious about their appearance. To refine
their looks, they increasingly opt for Microdermabrasion. Augmenting uptake is
the key factor for the growth of Microdermabrasion market.
With the extensive research in the field,
this treatment has become safer and effective to remove the scar. Manufacturers
involved in the medical or these machines, strive to develop new and innovative
products continually, which can provide advanced solutions to the scar removal,
easing the processes further. Additionally, factors contributing the market
growth include growing population & urbanization worldwide. Improving
economic conditions, globally, are providing impetus to the market growth, increasing
consumers’ purchasing power.
On the hand, factors such as the
availability of alternative treatments such as chemical peel and laser skin
resurfacing coupled with the increasing uptake of the laser resurfacing
treatment are impeding the market growth.
Global Microdermabrasion Market –
Competitive Landscape
The rapidly growing market for
Microdermabrasion is fiercely competitive and fragmented with many
well-established as well small & new entrants forming the competitive edge.
Innovation, new technology launch and Brand reinforcement remain the popular
trends for the key players in the market. The growth statistics of the Scar
market presage the probable heights the market can reach further.
Microdermabrasion Market players including
Procter & Gamble, Johnson & Johnson Services Inc., Koninklijke Philips
N.V., Silhouet-Tone, Altair Instruments, Advanced Microderm, Inc., New Shining
Image LLC., Dermaglow, Lasertec Medical Service, and Delasco, lead the global
Microdermabrasion market. Profiling them in its analysis MRFR finds out their
strategies keeping them at the forefront of the market competition.
Global Microdermabrasion Market –
Segments
MRFR has segmented the Microdermabrasion market outlook into Four key dynamics: -
By Types : Comprising
Diamond Microdermabrasion, and Crystal Microdermabrasion, among others.
By Products : Microdermabrasion Machine (table top,
hand-held, others.), Microdermabrasion Crystals (aluminium oxide crystals,
sodium bicarbonate crystals, sodium chloride crystals, others.),
Microdermabrasion Tips (diamond tips, bristle tips, others.), Microdermabrasion
Creams and Scrubs, among other.
By Indications : Hyperpigmentation, Acne
& Trauma Scars, Photo-Damage, and Stretch Marks, among others.
By End Users :
Dermatology Clinics, Hospitals and Home Care,
among others.
By Regions : North America, Europe,
APAC and Rest of the World.
Global Microdermabrasion Market –
Geographical Analysis
Globally
North America market dominates the Microdermabrasion market insights with the
largest share owing to the presence of numerous facilities and availability of
treatments for acne & trauma scar removal. Other factors such as increasing
uptake of advanced technologies to address various dermal conditions like
stretch marks, acne, and hyperpigmentation, among others, are substantiating
the market growth. Owing to the rising demands for minimally invasive
procedures, the North America market is expected to create a larger revenue
pocket in the global market by 2023. The US, backed by the high expenditure on
healthcare coupled with the increasing demand for Microdermabrasion treatments,
accounts for the major contributor to the market growth.
Whereas
Europe accounts for the second largest market for Microdermabrasion, globally,
attributing to the recent advancements in the technology coupled with the
augmenting uptake of the technology in the region. Additionally, the presence of huge patient
population and rising healthcare expenditure facilitates the regional market
growth.
The
Asia-Pacific market is emerging as the rapidly growing market for
Microdermabrasion due to the increasing prevalence of acne and the development
of related technologies mainly in the countries such as India, China, and
Japan. Backed by the rising demand for minimally invasive procedures and
increasing adoption of the technologies for Scar removal, APAC market is
expected to register a phenomenal CAGR during the forecast period.
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