Global microdermabrasion devices market size reached value of US$ ~ 495.3 million in 2021 by Growth+ Reports' deep-dive market assessment study. From 2022 to 2030, the market is predicted to grow at a CAGR of ~8.62%.
Microdermabrasion is an easily accessible, minimally insensitive epidermal resurfacing technique. The general tone and consistency of the skin is improved by the non-invasive procedure of microdermabrasion. It can help with sunburns, wrinkles, dark circles, age spots, acne scars, melasma, and other epidermis problems and conditions. In professional salons, microdermabrasion equipment is frequently used to remove impurities from the skin and exfoliate it. They use diamond tips or tiny crystals to remove dead skin cells, keeping your face smooth and revitalised.
The demand for microdermabrasion will probably rise as it has been shown to be effective in treating acne and acne scars. Numerous aesthetic professionals anticipate that after the epidemic, patient traffic may significantly increase. The industry growth post-pandemic is being fed by a number of factors, including an enormous rise in video chats and the advantage of discreet rehabilitation at home. For example, American Society of Plastic Surgeon from their survey discovered that more than 75% of aesthetic plastic surgery practises are experiencing higher business than they were prior to the epidemic. Due to the rising demand for anti-aging treatments and procedures like wrinkle, age spots, etc., it is also predicted that the ageing geriatric population will fuel industry expansion throughout the projection period. In the end, this raises consumer demand for microdermabrasion treatment, driving the market. Furthermore, it is anticipated that people will use improved microdermabrasion equipment more frequently, which will help the market expand.
Additionally, a variety of for-profit businesses allow individuals to join equipment trials at facilities that give patients helpful information about selecting a piece of apparatus that is suited for their particular condition. For instance, Lancer Skincare, a leading international skincare company based in Los Angeles and founded by Board Certified Dermatologist Dr. Harold Lancer, announced the release of Pro Polish Microdermabrasion Equipment, its first ever skincare exfoliating device. Also, in 2020, the American Society of Plastic Surgeons, United States reported that, there will be about 522,693 microdermabrasion procedures performed. The growth of social media and global trade has encouraged a desire, especially among women, for beautiful, flawless skin, which has aided in the industry's expansion.
However, the primary commercial restraint, is the high cost of the microdermabrasion procedure. The availability of several medical treatments is one of the key factors limiting the expansion of the microdermabrasion sector. The absence of infrastructure in many nations will also provide a significant barrier to the industry's expansion.
According to regional distribution, North America leads the global market for microdermabrasion devices, followed by Europe, the Asia Pacific area, and the rest of the world. North America is expected to see the highest CAGR of any region throughout the projection period. The increase can be attributed to an increase in the senior population. This indicates that there is a high demand for anti-aging treatments in America since Americans are more concerned about looking young. Over the past ten years, there has been a surge in the availability of non-invasive treatments due to the rising focus on aesthetics. For instance, numerous data indicate that women who use social media frequently and have low self-esteem are more likely to get cosmetic surgery.
The market for microdermabrasion devices has a few significant companies and is moderately competitive. Few of the big competitors now control the majority of the market in terms of market share. And some well-known players are actively making acquisitions and launching new products with other businesses to strengthen their market positions around the world. The business organizations holding the highest earnings of global blood and fluid warming devices are, Johnson & Johnson, Skin for Life, Altair Instruments, Dermaglow, Silhouet-Tone, Lumenis Ltd., Envy Medical, Inc., The HydraFacial Company, Koninklijke Philips N.V., Altair Instruments, ImageDerm Inc., PMD Beauty, and Microderm GLO.