Global Microdermabrasion Market – Synopsis
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.
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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.
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 furthering the gains will register a growth of USD 802.44 Million by 2023 with 3.42% CAGR during 2017 to 2023.
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.
Key Players
The prominent players in the global microdermabrasion market are Johnson & Johnson Services Inc., Procter & Gamble, Koninklijke Philips N.V., Altair Instruments, Silhouet-Tone, Advanced Microderm, Inc., Dermaglow, New Shining Image LLC, Lasertec Medical Service, and Delasco.
Key strategies followed by the participants of the global microdermabrasion market are innovation, product development, acquisition, and expansion.
Global Microdermabrasion Market – Segments
MRFR has segmented the Microdermabrasion market 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.
Industry/Innovations/Related News:
May 22, 2018 – Atlantic Coast Aesthetics (USA), a clinic specializing in Laser Rejuvenation announced the opening of its new treatment center at Spinoff Location. The new center specializes in laser hair removal services, as well as IPL for acne and microdermabrasion.
Global Microdermabrasion Market – Geographical Analysis
Globally North America market dominates the Microdermabrasion market 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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