The global microdermabrasion devices market size was valued at USD 5.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% over the forecast period.
Report Scope of The Microdermabrasion Devices Market:
|Market Size In 2022||USD 5.08 Billion|
|Revenue Forecast By 2032||USD 11.81 Billion|
|Growth Rate From 2023 to 2032||8.8%|
|Segments Covered||Type, Application, End-Use|
|Market Analysis (Terms Used)||Revenue In USD Million/Billion And CAGR From 2023 To 2032|
|Regional Scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Key Companies Profiled||Johnson & Johnson; Skin for Life; Altair Instruments; Dermaglow; PMD; Silhouet-Tone, Lumenis Ltd.; Koninklijke Philips N.V.; Envy Medical, Inc.; The HydraFacial Company|
Rising cases of skin conditions and an increased obsession with flawless skin, especially in women, are the key market growth drivers. The market witnessed a significant setback due to the COVID-19 pandemic. Since the majority of cosmetic applications were not medical necessities, lockdowns imposed in numerous countries led to the closure of dermatology clinics, beauty salons & med spas, and retail stores. However, the incidence of several skin conditions like contact dermatitis, seborrheic dermatitis, acne, etc. increased during the COVID-19 pandemic.
As microdermabrasion has proven to help treat acne and acne scarring, the demand for the procedure will likely increase. Many esthetic practitioners predict that there can be a significant increase in patient footfall post-pandemic. Various factors, such as a considerable increase in video calls and the benefit of discreet recovery at home, are boosting the post-pandemic aesthetic market. Moreover, the growing geriatric population is estimated to fuel the industry growth over the forecast period due to increasing demand for anti-aging treatments and procedures like wrinkles, age spots, etc. This ultimately increases the demand for microdermabrasion devices, thereby driving the market.
Furthermore, advanced microdermabrasion devices are expected to gain more popularity among individuals, thus positively impacting the microdermabrasion devices market growth.Microdermabrasion is a minimally abrasive esthetic treatment that uses a microcrystal that gently removes the outer layer of the skin. Microdermabrasion procedure triggers a wound response in the skin, which allows the skin to repair itself, allowing it to be thicker, smoother, and more elastic, giving a healthier appearance. The market has grown as a result of several variables including a growing number of cases of skin-related conditions and increasing demand for minimally invasive treatments.
For instance, as per the study published by the journal JMIR Dermatology in August 2021, 1.79% of the world’s illness burden is attributable to skin problems.The rise in skin-related conditions, increased disposable income of consumers, and global acceptance of non-invasive treatments for skin beautification are a few other drivers of the market. The rise in demand for skin treatments is estimated to result in dermatologists providing higher-margin procedures. The American Society of Plastic Surgeons reported that in 2020 around 522,693 microdermabrasion procedures were carried out in the U.S. The growth of the market was impacted by the dermatology sector's constant growth and an upsurge in the number of operations.
The market has been growing due to the non-invasive characteristics of the procedure as well as advances in technology that ensure comfort for patients before, during, and during therapy.Social media and globalization have triggered a need to have beautiful and flawless skin, especially among women, thus fueling market growth. For instance, an article published by Medical News Today mentions that individuals with low self-esteem, few religious beliefs, and high media exposure are more prone to undergo cosmetic surgery. According to the American Society of Plastic Surgeons, microdermabrasion procedures decreased in 2020 by 40% as compared to 2019. Thisnegatively affected the overall market.
Microdermabrasion Devices Market Report Segmentationation:
Acne & scars
Clinics & Beauty Centers