MICRODERMABRASION DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global Microdermabrasion Devices Market Drivers:

Rise in burden of skin conditions to augment market growth

One of the key factors expected to augment the growth of the global microdermabrasion devices market over the forecast period is the rising prevalence of skin-related conditions across the globe. Such a high burden of skin-related conditions leads to increase in demand for microdermabrasion devices. Skin diseases are ranked as the fourth most common cause of human illness. According to the World Health Organization (WHO), skin diseases are among the most common of all human health afflictions and affect more than 900 million people in the world at any time. Five common conditions account for over 80% of all skin diseases.

High Demand for microdermabrasion devices to boost market growth

Another factor which is driving the growth of the global microdermabrasion devices market is the rise in demand for microdermabrasion devices around the world. For instance, with the increase in burden of skin conditions and rise in awareness among people, the use of microdermabrasion devices is also increasing rapidly. In July 2020, Lancer Skincare announced the launch of its very first skincare exfoliating device, Pro Polish Microdermabrasion Device. The Pro Polish combines diamond-encrusted exfoliating tips, gentle vacuum suctioning, and 180^o swivel head to revitalize overall skin tone and texture and reduce the appearance of fine lines and wrinkles.

Global Microdermabrasion Devices Market Opportunities:

Growing geriatric population around the world is expected to offer lucrative growth opportunities for players in the global microdermabrasion devices market. For instance, aging can cause changes in the skin that can increase a person’s risk of developing skin disease. Several skin conditions are commonly seen in the elderly. According to the UN DESA’s Population Division, one in six people in the world will be over the age 65 by 2050, up from one in 11 in 2019. In several regions, the population aged 65 will double by 2050, while global life expectancy beyond 65 will increase by 19 years. This in turn is expected to increase demand for microdermabrasion devices.

Increase in usage or adoption of home microdermabrasion tool is expected to provide significant growth opportunities for players in the microdermabrasion devices market. For instance, with the increase in awareness among people about the benefits of microdermabrasion devices, the adoption of home microdermabrasion tools is also increasing rapidly. In July 2021, PMD Beauty announced the launch of home microdermabrasion tool that uses patented spinning disc technology embedded with aluminum oxide crystals, which gently removes the top layer of dull, dead skin. The device’s vacuum suction also helps stimulate, activate, and rejuvenate the skin.

Global Microdermabrasion Devices Market Restraints:

Risk of microdermabrasion to hinder market growth

One of the key factors expected to hamper growth of the global microdermabrasion devices market is the risk of microdermabrasion. For instance, though microdermabrasion is a safe and effective procedure, there are few complication associated with a procedure. People are at risk of contracting infection if the microdermabrasion applicator and vacuum are not properly sanitized. If improperly applied, the microdermabrasion crystals can enter a patient’s eye and cause irritation. Some of the other risks include redness and swelling of the skin. This in turn may hinder the adoption rate of these devices, restraining the growth of the market.

Social stigma among people to hamper market growth

Another factor which is hampering the growth of the global microdermabrasion devices market is the social stigma among people. For instance, social stigma acts as a barrier to aesthetic treatment services, and there are increasing concerns with aesthetic interventions. Moreover, in recent years, violation of ethical principles in plastic surgery has become increasingly noticeable, which in turn is hindering the potential for aesthetic intervention. This in turn may also hamper the adoption of these devices, restraining the growth of the market.