Microdermabrasion Devices Market to hit USD 921.1 million by 2032, says Global Market Insights Inc.
Microdermabrasion Devices Industry is projected to witness a CAGR of 6.9% during the period 2023-2032. This growth can be attributed to the growing awareness and focus on skin rejuvenation.
Selbyville, Delaware, Aug. 16, 2023 (GLOBE NEWSWIRE) —
Microdermabrasion Devices Market size is expected to be worth USD 921 million by 2032. The rising consumer focus on skin rejuvenation driven by the cultural shift towards self-care and wellness practices will drive industry development. The significant advancements in skincare technologies for visible results with minimal downtime have led to the development of more effective as well as innovative skin rejuvenation treatments.
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The burgeoning skin concerns have also compelled consumers to seek non-invasive or minimally invasive solutions. The growing awareness of sun damages and aging effects will also prove favourable for the industry expansion.
Diamond Microdermabrasion Devices to gain notable traction
Diamond microdermabrasion devices market is expected to record substantial expansion through 2032 owing to the rising frequency of various skin conditions and the higher obligation to enhance skin health and appearance. As per the Skin Cancer Foundation, over 9,500 people in the U.S are diagnosed with skin cancer every day. These devices are increasingly preferred as they can be used on different areas of the body, including the face, neck, and hands. The dire need for pain-free treatment and limited scars or complications post-op will also outline the industry development.
Rising adoption for home use
The microdermabrasion devices market share from the home use segment may showcase lucrative gains through 2032. This can be attributed to the growing popularity of at-home microdermabrasion devices as they are essentially smaller and are designed for exfoliating and rejuvenating the skin by promoting the growth of new skin cells and removing dead skin cells. The rising focus on bringing improvements in at-home microdermabrasion devices with powerful motors for enhanced pore cleansing capabilities will add to the segment expansion.
APAC to present potential advance opportunities
Asia Pacific accounted significant share of the microdermabrasion devices market in 2022 and will witness a robust development rate through 2032 driven by the rising disposable incomes amongst the middle-class population and the higher spending on personal grooming as well as skincare products. As per Vietnam Briefing, a middle-class female in Vietnam averagely spends US$19 – US$21 (VND 450,000 – VND 500,000) monthly on makeup and skincare. The surging awareness of several skincare treatments and procedures will also drive the regional industry expansion.
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Microdermabrasion Devices Market Participants
Some of the leading industry players include Johnson & Johnson, Lumenis Ltd, Koninklijke Philips N.V., Alma Lasers, Syneron Medical Ltd, Allergan plc, Envy Medical, Inc, Altair Instruments, The HydraFacial Company, ImageDerm Inc., and Silhouet-Tone, among others.
Partial Table of Contents (ToC) of the report:
Chapter 3 Microdermabrasion Devices Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
220.127.116.11 Growing incidence of skin condition
18.104.22.168 Technological advancements in microdermabrasion devices
22.214.171.124 Growing awareness and focus on skin rejuvenation
126.96.36.199 Expansion of aesthetic clinics and med spas
3.2.2 Industry pitfalls & challenges
188.8.131.52 Risk associated with microdermabrasion
184.108.40.206 High cost of the dermatology procedures
3.3 Growth potential analysis
3.3.1 By type
3.3.2 By application
3.3.3 By end-use
3.4 COVID-19 impact analysis
3.5 Technology landscape
3.6 Regulatory landscape
3.7 Porter’s analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.2 Company matrix analysis, 2022
4.3 Competitive dashboard, 2022
4.4 Company market share analysis, 2022
4.5 Vendor matrix analysis, 2022
4.6 Competitive analysis of major market players
4.7 Competitive positioning matrix
4.8 Strategic outlook matrix
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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