Rising Focus on Non-Invasive Skin Treatments to Accelerate Adoption of Microdermabrasion Devices
Market Overview:
Microdermabrasion is a non-invasive skin treatment procedure that uses a stream ofCrystals or aluminum oxide crystals to remove the outermost layer of the skin and stimulate the production of collagen and elastin. It helps in renewing damaged skin by removing dead skin cells and smoothing the surface of the skin, thereby reducing signs of acne, sun damage, aging and scars. The procedure is commonly used to treat acne scarring, age spots, fine lines, wrinkles and uneven skin tone and texture. It leaves the skin feeling smoother and look younger.
Market Dynamics:
Rising demand for non-invasive aesthetic procedures is a major factor driving growth of the microdermabrasion devices market. Non-invasive procedures are gaining traction as they offer painless and quick skin treatments without any major side effects or downtime. Moreover, they do not require hospitalization and are less expensive compared to surgical procedures. This is encouraging more customers to opt for non-invasive skin treatments using microdermabrasion.
Another key driver is the growing aging population globally that is increasingly seeking treatment for signs of aging such as fine lines, wrinkles, age spots and uneven skin tone and texture. According to the United Nations, by 2050, one in six people in the world will be over age 65, up from one in 11 in 2019. Rapid population aging is fueling demand for non-surgical anti-aging treatments including microdermabrasion. This trend is expected to continue during the forecast period, supporting growth of the microdermabrasion devices market.
Segment Analysis
The Microdermabrasion Devices Market Share is dominated by crystal microdermabrasion sub-segment owing to its effectiveness in removing dead skin cells and debris from the skin's surface. It treats a variety of skin conditions such as fine lines, acne scars, sun damage, age spots, hyperpigmentation, and other signs of aging. Crystal microdermabrasion uses fine crystals, aluminum oxide or sodium chloride, to gently buff and exfoliate the skin's outer layers. As compared to other sub-segments like diamond-tipped microdermabrasion and combination microdermabrasion, crystal microdermabrasion is more affordable which has increased its popularity and dominance in the market.
PEST Analysis
Political: Regulations regarding the usage of certain abrasive crystals may restrain the market growth. However, favorable government initiatives to promote medical aesthetics will support market expansion.
Economic: Rising disposable incomes and growing medical tourism industry have augmented the demand for microdermabrasion procedures, thereby driving the market.
Social: Changing lifestyles, rising cosmetic awareness, and focus on self-care has increased the preference for aesthetic solutions to enhance physical appearance.
Technological: Advances in crystals and enhanced procedure precision are allowing doctors to perform microdermabrasion even on sensitive skin types safely and effectively. New product launches incorporate advanced technologies offer better results.
Key Takeaways
The global microdermabrasion devices market is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing demand for non-invasive aesthetic treatments. North America dominates the market and is expected to maintain its leading position throughout the forecast period owing to growing medical tourism, rising awareness about microdermabrasion procedures, and presence of key players in the region.
Regional analysis
North America holds the major share of the global microdermabrasion devices market and is expected to continue its dominance during the forecast period. This is attributed to factors such as rising awareness about microdermabrasion procedures, growing medical tourism, and presence of key players in the region. Asia Pacific exhibits the fastest growth owing to improving healthcare infrastructure, increasing medical tourism, rising disposable incomes, and growing focus on aesthetics in countries like China, Japan, and India.
Key players operating in the Microdermabrasion Devices market are DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Silkâ€TMn, 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), among others.
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