Microdermabrasion devices are used for skin resurfacing procedures that use crystals or diamond-tipped brushes to remove dead skin cells from the outermost layer of the epidermis. This gentle exfoliation stimulates collagen production for younger-looking skin. The procedure is often used to reduce signs of aging like fine lines and wrinkles, improve skin tone and texture, and diminish acne scarring. It provides a cost-effective alternative to laser skin treatments and injections.
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 growing demand for at-home microdermabrasion devices. Many people prefer doing skin treatments at home due to factors like convenience and privacy. Leading players are launching affordable and user-friendly at-home microdermabrasion devices with advanced features. For instance, in 2021 Neutrogena launched the Neutrogena Skinperfect Microdermabrasion System with advanced diamond crystals and exfoliating rollers for all skin types. Such innovations are expected to make microdermabrasion more accessible to the masses and support the market growth over the forecast period.
Threat of new entrants: The threat of new entrants is moderate due to established brand names and the need for significant capital investment for R&D.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of alternative treatment options.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the presence of a large number of raw material suppliers.
Threat of new substitutes: The threat of new substitutes is high due to the introduction of novel aesthetic procedures such as laser resurfacing.
Competitive rivalry: The competitive rivalry is high owing to the presence of many players operating in the market.
The Global Microdermabrasion Devices Market Size is expected to witness high growth.
Regional analysis: North America region is expected to dominate the microdermabrasion devices market during the forecast period due to rising aesthetic consciousness and increasing demand for non-invasive aesthetic procedures in the region.
Key players: 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.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it