“Increasing Trends of At-home Nonsurgical Cosmetic Equipment Increases the Demand for Microdermabrasion Devices Globally”
The microdermabrasion device market is expected to grow at a CAGR of 7.5% during the forecast period from 2023 to 2030, starting from US$ 432.9 Mn in 2021.
Increasing trends for nonsurgical procedures worldwide increases the demand for microdermabrasion devices. According to a report published by the Harvard Medical School suggests the total number of nonsurgical cosmetic procedures conducted in the U.S. accounts for about 12.6 million. Out of which the number of microdermabrasion procedure accounts for about 672,000 and is continuously increasing. Moreover, the report also suggests that half a million microdermabrasion treatments are performed in the U.S. annually.
Consumers nowadays are more inclined towards performing cosmetic treatments at home, nonsurgical cosmetic treatments that can be performed at home are becoming increasingly common thereby, drives the overall market for microdermabrasion devices globally. Additionally, increasing expenditure on anti-aging and cosmetic products by the consumers globally supports market growth. For instance, a report published by The American Society of Plastic Surgeons, suggests that more than US$ 16 billion was spent by Americans on cosmetic plastic surgery in the year 2016. The anti-aging products market accounts for around 9,400 Mn by the year 2020 thereby, increases the demand for microdermabrasion devices market globally.
Type Analysis
“Wide consumer acceptance for diamond microdermabrasion device globally drives the market”
In 2021, diamond microdermabrasion dominated the microdermabrasion devices market and is expected to continue its dominance during the forecast period. Diamond microdermabrasion is suitable for every skin type, it deeply polishes and exfoliates the skin surface thereby, delivers instant smoother and glowing skin. Consumers are more inclined towards using diamond microdermabrasion as this treatment provides instant glow and one can able to see the difference in the person only after a single-use.
The diamond microdermabrasion device offers patients security during therapy. Moreover, the diamond microdermabrasion device offers collagen generation and increase blood circulation that provides glow to the skin. Thereby, supports the segment growth.
“Increasing demand for cosmetic products in North America propels the growth of the market”
North America dominated the microdermabrasion device market in 2021 and projected to grow at a significant rate during the forecast period. North America's skincare devices market accounts for 4.5 billion by the year 2020. Thereby, increases the demand for microdermabrasion devices market in the North America region. Rapid technological advancements in the region coupled with the presence of key market players such as Kosmet Inc., Johnson & Johnson Services Inc., and Pmdbeauty.com & Age Science Inc. support the growth of microdermabrasion devices in the region. As per The American Academy of Dermatology, about 50 million people of the U.S that is, about 85% of the individual aged between 12 to 24 suffers from acne-related skin problems annually. Consequently, supports the dominance of microdermabrasion device market in North America.
“Asia Pacific region expected to be fastest-growing region”
Asia Pacific is expected to witness the highest CAGR during the forecast period. Rising disposable income of the consumers in the Asia Pacific region. Moreover, increasing demand for cosmetic products among the female population supports the growth of the market.
List of Companies Covered:
Key Industry Developments:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Microdermabrasion Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
