by Microdermabrasion devices offer a gentle yet effective solution for skin resurfacing and exfoliation without the use of lasers, chemicals, or needles. The treatment works by removing the top layer of dead skin cells using a controlled stream of crystals or sandpaper-like material over the skin. This reveals fresher, younger-looking skin beneath. With increasing consciousness about beauty and outer appearance, the demand for non-invasive treatments to reduce signs of aging, treat acne scars, and improve skin texture has surged significantly. The growing preference for aesthetic procedures with minimal downtime and discomfort provides a strong boost to the uptake of microdermabrasion devices.
The global Microdermabrasion Devices Market is estimated to be valued at US$ 517.61 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the microdermabrasion devices market is the rising popularity of at-home devices. Consumers prefer treating themselves in the comfort of their home over visiting skin clinics. This has prompted manufacturers to introduce user-friendly, compact, and affordable at-home microdermabrasion kits. Another notable trend is the increasing development of multi-functional devices integrating microdermabrasion with other functionalities like LED light therapy and ultrasound. Combining modalities provides enhanced cosmetic benefits and drives the demand for advanced multi-modal devices. The market is also witnessing a growing preference for cordless, battery-powered devices providing higher mobility and convenience during self-treatments. These trends are expected to significantly influence the dynamics of the overall microdermabrasion devices market during the forecast period.
Porter’s Analysis
Threat of new entrants: Low due to existing intellectual property rights of established players and high initial investment required to enter the market.
Bargaining power of buyers: Moderate as the use of microdermabrasion devices is not essential but widely adopted for aesthetic procedures. Buyers can compare available options from different brands.
Bargaining power of suppliers: Low as raw materials required for manufacturing microdermabrasion devices are commonly available.
Threat of new substitutes: Low as microdermabrasion has established itself as an effective and safe aesthetic procedure compared to other options like chemical peels or lasers.
Competitive rivalry: High due to presence of multiple global and regional players offering differentiated products. Players compete based on product innovation, quality, and effective marketing.
Key Takeaways
The Global Microdermabrasion Devices Market Size is expected to witness high growth.
Regional Analysis: North America region currently dominates the market owing to increasing awareness about aesthetic procedures and advanced healthcare infrastructure. Rising medical tourism in the Asia Pacific region is expected to boost the adoption of microdermabrasion devices in dermatology and cosmetic clinics during the forecast period.
Key players operating in the Microdermabrasion Devices market are Cipla, Teva Pharmaceuticals, Glenmark Pharmaceuticals, AdvaCare Pharma, Medlab Pharmaceuticals Private Limited, Dermocare Laboratories, Iva Healthcare Private Limited, Unilab Chemicals & Pharmaceuticals Pvt Ltd, Organon group of companies, Cosette Pharmaceuticals, Taro Pharmaceutical Industries Ltd., and Hikma Pharmaceuticals. Players are launching new portable devices with advanced features to gain higher market share.
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