by The Microdermabrasion Devices Market is estimated to be valued at US$ 481.09 Mn in 2022 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Microdermabrasion devices are widely used in the beauty industry for exfoliating and rejuvenating the skin. These devices help in removing dead skin cells, reducing acne scars, and improving skin texture. They are popular among both men and women due to their non-invasive nature and effective results. The market offers various types of microdermabrasion devices, such as crystal microdermabrasion and diamond microdermabrasion. These devices find applications in dermatology clinics, spas, and at-home use.
Market Dynamics:
The market for microdermabrasion devices is driven by the increasing demand for non-invasive beauty procedures and the rising awareness regarding skin care. Consumers are increasingly inclined towards non-surgical methods for skin rejuvenation, which is fueling the demand for microdermabrasion devices. Additionally, technological advancements in these devices, such as the incorporation of vacuum technology and adjustable settings, are further propelling market growth. Moreover, the availability of portable and user-friendly devices for at-home use is contributing to the market expansion. However, the high cost of professional treatments and the availability of alternative procedures may hinder market growth to some extent.
Segment Analysis:
The microdermabrasion devices market can be segmented based on product type, end-user, and region. In terms of product type, the dominating sub-segment is the handheld devices segment. Handheld devices are compact, portable, and easy to use, making them popular among consumers for at-home use. They offer convenience, allowing users to perform treatments whenever and wherever they want. Additionally, handheld devices are often more affordable compared to professional-grade devices, making them accessible to a larger consumer base. The rising demand for at-home beauty treatments and the availability of a wide range of handheld devices from various manufacturers contribute to the dominance of this sub-segment in the market.
PEST Analysis:
Political: The regulatory landscape for microdermabrasion devices is relatively stable in most regions, with no major political barriers affecting the market.
Economic: The growing disposable income levels and increasing spending on skincare and beauty products support the demand for microdermabrasion devices.
Social: The rising awareness about skincare and beauty among the population, especially among millennials, is driving the demand for microdermabrasion devices.
Technological: Advancements in technology have led to the development of innovative microdermabrasion devices, such as those with adjustable intensity levels and additional features for enhanced results.
Key Takeaways:
The global microdermabrasion devices market is expected to witness high growth, exhibiting a CAGR of 8.0% over the forecast period of 2023-2030. The market is driven by increasing consumer awareness about skincare and beauty, growing disposable income levels, and technological advancements in the devices.
In terms of regional analysis, North America is the fastest-growing and dominating region in the microdermabrasion devices market. This can be attributed to the high disposable income levels, the presence of key market players in the region, and the popularity of at-home beauty treatments.
Key players operating in the microdermabrasion devices market include DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Silk’n, 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. These companies focus on product innovation, strategic collaborations, and marketing initiatives to maintain their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
