Microdermabrasion Market Forecasts to 2030 – Global Analysis By Type (Diamond Microdermabrasion, Crystal Microdermabrasion and Other Types), Product (Microdermabrasion Machine, Microdermabrasion Crystals, Microdermabrasion Tips, Microdermabrasion Creams a

Microdermabrasion Market Forecasts to 2030 – Global Analysis By Type (Diamond Microdermabrasion, Crystal Microdermabrasion and Other Types), Product (Microdermabrasion Machine, Microdermabrasion Crystals, Microdermabrasion Tips, Microdermabrasion Creams and Scrubs and Other Products), Indication, Application, End User and by Geography

According to Stratistics MRC, the Global Microdermabrasion Market is accounted for $574.8 million in 2023 and is expected to reach $1200.9 million by 2030 growing at a CAGR of 11.1% during the forecast period. The outermost layer of skin can be removed with a non-invasive procedure called microdermabrasion, which uses a spray of microcrystals. Treatments for sun damage, discoloration, light scarring, and stretch marks frequently involve this type of skin rejuvenation. Moreover, the procedure thickens collagen, which results in a younger-looking skin texture. The thick outer layer of the skin is gently removed using a special applicator with an abrasive surface to rejuvenate the skin.

According to the American Academy of Dermatology (AAD) estimates in 2022, acne is the most prevalent skin condition that affects about 50 million (26%) U.S. people every year, about 85% of individuals aged between 12 to 24 years, which is further anticipated to upsurge the demand of microdermabrasion devices.

Market Dynamics:

Driver:

Increasing requests for non-invasive skincare treatments

The rise in popularity of non-invasive skincare procedures, such as microdermabrasion, can be attributed to patients' inclination towards treatments that are less invasive, have shorter recovery times, and carry fewer risks than surgery. The growing focus on minimally invasive alternatives has expanded the allure of microdermabrasion, drawing in a wide range of customers, including those who might have been reluctant to consider more intrusive procedures. Additionally, the need for this more accessible and safer option keeps rising as consumers become more discriminating and health-conscious.

Restraint:

Limited effectiveness for specific skin issues

Many skin issues, such as fine lines, mild acne scars, and uneven skin texture, can be effectively treated with microdermabrasion. Still, for more serious or deeply ingrained skin problems, like deep wrinkles or significant scarring, it might not be the best option. Furthermore, patients may have to investigate other options in these situations, such as chemical peels or laser therapy. Since microdermabrasion is only partially effective for some skin issues, its target market may become smaller, and its growth may be impeded.

Opportunity:

Increased availability of DIY microdermabrasion kits

The demand for at-home microdermabrasion kits has increased significantly. Manufacturers and consumers alike stand to gain greatly from this trend. For those who would rather self-administer treatments, home kits offer convenience and affordability, making it possible for them to reap the benefits of microdermabrasion without having to go to a clinic. Moreover, businesses can benefit from this trend by creating creative, easy-to-use, and secure home kits and by growing their product portfolios to appeal to a wider range of customers.

Threat:

Competition and market saturation

The market for microdermabrasion has grown more competitive due to the abundance of goods, tools, and service providers. Saturation of the market can result in price wars and lower profitability, which makes it harder for both new and established companies to prosper. Additionally, maintaining a competitive edge requires differentiating through cutting-edge technology, specialization, or superior service quality to counter this threat.

Covid-19 Impact:

The COVID-19 pandemic had a big effect on the microdermabrasion market because lockdowns, social isolation policies, and safety worries caused temporary clinic closures and a decline in in-person treatments. Consumer expenditure on non-essential services, such as microdermabrasion and other cosmetic procedures, was limited. Moreover, the pandemic caused a downturn in the market, but it also sped up the skincare industry's adoption of innovation and technology, which could have long-term effects on how microdermabrasion is applied and used.

The Microdermabrasion Machine segment is expected to be the largest during the forecast period

It is projected that the microdermabrasion machine segment will have the largest market share. These sophisticated machines provide accurate and individualized skin care through the controlled exfoliation of the epidermis. For both medical and cosmetic skincare needs, dermatology clinics, medical spas, and beauty salons frequently use microdermabrasion machines. However, these machines are a dominant and essential part of the microdermabrasion market, catering to a wide range of clients seeking skin rejuvenation and treatment of different skin concerns due to their versatility, efficiency, and professional-grade capabilities.

The Dermatology Clinics segment is expected to have the highest CAGR during the forecast period

In the microdermabrasion market, the segment with the highest CAGR is dermatology clinics. Under the supervision of qualified dermatologists and skincare specialists, these specialty clinics provide a variety of skincare procedures, including microdermabrasion. Moreover, the adoption of advanced technology, the growing demand from consumers for professional skincare treatments, and the support of dermatological experts are the main drivers of the high growth. With the ability to offer professional advice, customized treatment programs, and access to the most recent developments in the field, dermatology clinics are well-positioned to draw in a growing number of patients looking for secure and efficient solutions for a range of skin conditions.

Region with largest share:

The largest market share for microdermabrasion is held by the North American region, which consists of the US and Canada. Many things contribute to this dominance: a firmly established skincare and beauty sector; a high degree of consumer awareness and demand for cosmetic procedures; notable developments in microdermabrasion technology; and the abundance of dermatology clinics and medical spas that provide these treatments. Moreover, the area's leadership in the microdermabrasion market is also a result of its solid economic standing, extensive healthcare system, and beauty-conscious culture.

Region with highest CAGR:

The Middle East and Africa region is projected to grow at the highest CAGR. An expanding beauty and wellness culture, rising awareness of skincare procedures and treatments in the area, and rising disposable income are all credited with this growth. There is a growing demand for microdermabrasion services due to the Middle East's reputation for having a strong interest in grooming and beauty. In order to meet the changing needs and preferences of the local populace, an increasing number of dermatology clinics and skincare centers are expanding their product offerings to include microdermabrasion as the market matures.

Key players in the market

Some of the key players in Microdermabrasion market include Aesthetic Solutions, Silhouet-Tone, Abbvie. Inc , Lasertec Medical Service, Johnson & Johnson Services Incorporated, Koninklijke Philips N.V., Advanced Microderm Incorporated, Pretika Corporation, Procter & Gamble, Delasco, Altair Instruments, New Shining Image LLC, Lumenis Be Ltd and HydraFacial LLC.

Key Developments:

In May 2023, Janssen Biotech, Inc., one of the Janssen Pharmaceutical Companies of Johnson & Johnson, announced today that it has entered into a worldwide collaboration and license agreement with Cellular Biomedicine Group Inc. (CBMG) to develop, manufacture and commercialize next-generation chimeric antigen receptor (CAR) T-cell therapies for the treatment of B-cell malignancies.

In May 2023, Aesthetic Medical International Holdings Group Limited, a leading provider of aesthetic medical services in China, announced its unaudited financial results for the three months ended March 31, 2023.

In January 2023, Pharmaceutical companies AbbVie (ABBV.N) and Eli Lilly have withdrawn from Britain's voluntary medicines pricing agreement, an industry body said on Monday. Companies are increasingly arguing that it is no longer possible to justify the UK's ""voluntary scheme"" to global boardrooms and investors as repayment rates in 2023 have surged to 26.5% of revenue, the Association of the British Pharmaceutical Industry (ABPI) said in a statement.

Types Covered:
• Diamond Microdermabrasion
• Crystal Microdermabrasion
• Other Types

Products Covered:
• Microdermabrasion Machine
• Microdermabrasion Crystals
• Microdermabrasion Tips
• Microdermabrasion Creams and Scrubs
• Other Products

Indications Covered:
• Acne and Trauma Scars
• Hyper Pigmentation
• Stretch Marks
• Photo-Damage
• Other Indications

Applications Covered:
• Professional Devices
• At-home Devices
• Other Applications

End Users Covered:
• Hospitals
• Dermatology Clinics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances