MICRODERMABRASION DEVICES MARKET ANALYSIS

Microdermabrasion Devices MarketSize and Trends

The global microdermabrasion devices market was valued at US$ 481.09 Mn in 2022 and is forecast to reach a value of US$ 886.57 Mn by 2030 at a CAGR of 8.0% between 2023 and 2030. The global microdermabrasion devices market is experiencing strong growth due to the rising burden of skin-related conditions and increase in demand for microdermabrasion devices across the globe. Moreover, growing geriatric population and rise in usage or adoption of home microdermabrasion tool is expected to boost growth of the market. However, factors such as risk of microdermabrasion and social stigma among people are expected to hamper the market growth.

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 Trends:

Rise in demand for minimally invasive procedures is a recent trend

The demand for diamond microdermabrasion devices has increased due to its advantages such as the safety of the patients during the treatment and its painless and simple procedure as it does not use any chemicals, as well as it is suitable for all skin types ranging from acne scars to wrinkles, increasing the demand or adoption of diamond microdermabrasion devices. This trend is expected to continue over the forecast period, driving the market growth.

Technological advancements is another trend

Players in the market are making continuous effort to offer microdermabrasion devices, decreasing the burden of skin-related diseases around the world. Market players are focusing on developing or launching technologically advanced devices for aesthetic or cosmetic procedures. Advancement in technology and ensuring maximum patient convenience after/during therapy is also contributing to the market growth, which is experiencing a growing trend as it is a non-invasive procedure. This trend is also expected to continue during the forecast period.