Market Overview:
Microdermabrasion devices are used for skin resurfacing and exfoliation through a vacuum process that uses a spray of crystals onto the skin surface to remove dead skin cells and improve skin texture. They are used for conditions like acne scars, fine lines, wrinkles, hyperpigmentation, and stretch marks.
The microdermabrasion devices market is estimated to be valued at US$ 517.61 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Microdermabrasion devices market offers a minimally invasive skin treatment option. It is a quick, painless and safe procedure that gently exfoliates the outer layer of skin. It helps to reduce fine lines, wrinkles, age spots and other signs of aging. Microdermabrasion devices removes dead skin cells without harming inner layers of skin.
Weakness: Microdermabrasion procedures need to be performed regularly to maintain results which can be inconvenient and expensive for users. Some users may experience adverse effects such as redness, swelling and minor bruising post treatment.
Opportunity: Rising aging population and increasing demand for non-surgical aesthetic treatments present significant growth opportunities. Growing awareness and adoption of at-home microdermabrasion devices also offers potential for market expansion.
Threats: Availability of alternative skin treatment options such as chemical peels and laser resurfacing poses competition. Stringent regulations associated with medical aesthetics devices add to compliance challenges.
Key Takeaways:
The Global Microdermabrasion Devices Market Size is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing demand for non-invasive aesthetics procedures. Rising consumer disposable income and growing preference for aesthetic treatments drove market value to US$ 517.61 Mn in 2023.
Regional analysis The North America dominates the microdermabrasion devices market due to high aesthetic consciousness among consumers and widespread adoption of minimally invasive procedures. Europe holds significant market share due to rising medical tourism and availability of advanced treatment options. Asia Pacific region is expected to grow at fastest pace considering increasing focus of key players and rising medical aesthetics industry in countries like China, India and Japan.
Key players operating in the Microdermabrasion Devices market are DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Silkn, 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. Key players are focusing on new product launches and geographic expansion to strengthen market presence.
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