Microdermabrasion Market Booming at ~3.42% CAGR in Asia Specific Region | Emerging Technologies | Competitive Landscape and Future Forecasts up to 2023; Marketresearchfuture.com

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The market for global microdermabrasion is expected to reach USD 802.44 million by 2023 from USD 609.79 million in 2016, at a CAGR of 3.42% from 2017 to 2023.

Market Scenario:

Microdermabrasion is an abrasive process used to gently sand the thicker and uneven layers of skin. According to the American Society for Aesthetic Plastic Surgery, microdermabrasion is used for the treatment of hyperpigmentation, acne & trauma scars, photo-damage, and stretch marks. There is an increasing demand for minimally invasive cosmetic procedures which is an important driver for the growth of the market. According to the American Society of Plastic Surgeons, about 15.9 million surgical and minimally-invasive cosmetic procedures were performed in the U.S. in 2015. Additionally, development of new technologically advantaged devices, and increasing demand for cosmetics also influence the growth of the market. Increasing number of non-surgical procedures, offering enormous benefits such as quick recovery, reduced time of treatment, and better results than other cosmetic surgical procedures is also influencing the growth of this market. Furthermore, attraction of the youth towards western lifestyle and extensive use of cosmetics for skin care accelerate the growth of the market. However, the growth of the market is restrained by the availability of alternative treatments such as chemical peel and laser skin resurfacing. The acceptance of the laser resurfacing is increasing. According to the American Society of Plastic Surgeons, the number of laser skin resurfacing procedures in 2016 reached approximately to 586,662 from 569,458 in 2015.

Key players for global microdermabrasion market:

The key players for the global microdermabrasion market are Johnson & Johnson Services Inc., Procter & Gamble, Koninklijke Philips N.V., Altair Instruments, Silhouet-Tone, Advanced Microderm, Inc., Dermaglow, New Shining Image LLC., Lasertec Medical Service, Delasco, and others.

Regional Analysis:

The Americas dominate the global microdermabrasion market. Increasing adoption of new technologies for addressing various dermal conditions like acne, stretch marks, hyperpigmentation, and others is the major driver for the market growth. Moreover, rising healthcare expenditures is fuelling the market growth.

Europe is the second largest market, in the global microdermabrasion market. Huge patient population and rise in healthcare expenditure facilitate the market growth within the region. Moreover, the presence of the developed healthcare sector fuels the market growth during the forecast period.

Asia pacific region is the fastest growing market due to huge patient population and rising demands for minimally invasive procedures.  According to the Indian Journal of Pediatric Dermatology in 2017, 200 million to 300 million people in India suffer from acne.

The Middle East & Africa has the least share in the global microdermabrasion market due to the presence of poor economies, especially in the African region. Majority of the market in the Middle East & Africa region is held by the Middle East due to the presence of the developing economies within the region.

Intended Audience:

• Pharmaceutical companies
• Biotechnological institutes
• Research and Development (R&D) Companies
• Medical Research Laboratories
• Market Research and Consulting Service Providers

Segmentation:

The global microdermabrasion market is segmented on the basis type, product, indication, and end user.

On the basis of type, the market is segmented diamond microdermabrasion, crystal microdermabrasion, and others. On the basis of product, the market is categorised into microdermabrasion machine, microdermabrasion crystals, microdermabrasion tips, microdermabrasion creams and scrubs, and others. The microdermabrasion machine segment is sub-segmented into table top, hand-held, and others. The microdermabrasion crystals segment is sub-segmented into aluminium oxide crystals, sodium bicarbonate crystals, sodium chloride crystals, and others. The microdermabrasion tips segment is sub-segmented into diamond tips, bristle tips, and others.

On the basis of indication, the market is segmented into acne & trauma scars, hyperpigmentation, photo-damage, stretch marks, and others. On the basis of end users, the market is segmented into hospitals, dermatology clinics, home care, and others.

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