Microdermabrasion Devices Market Is Estimated To Witness High Growth Owing To Increasing Demand For Non-Invasive Aesthetic Procedures

 

Microdermabrasion Devices Market 

Microdermabrasion is a cosmetic procedure that exfoliates the outer layer of dead skin cells and stimulates new cell turnover using a hand-held device that sprays particles onto the skin. It is a minimally invasive, painless, and effective treatment for several skin conditions such as acne scarring, sun damage, fine lines and wrinkles. 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 Dynamics:

 

The rising adoption of non-invasive aesthetic procedures is estimated to be one of the major drivers fueling the growth of the global microdermabrasion devices market over the forecast period. Non-invasive procedures allow improvement in the skin condition without risk of complications associated with surgical procedures. This leads to higher patient preference for microdermabrasion over other invasive procedures such as chemical peels and laser resurfacing. Furthermore, increasing disposable incomes and growing social acceptance of aesthetic treatments have boosted the demand for microdermabrasion devices globally. Improved device functionality with features such as adjustable vacuum and pressure levels and integration of crystals, aluminum oxide particles and diamond tips further complements the market growth.

 

SWOT Analysis

Strength: Microdermabrasion devices address skin imperfections effectively and safely without any risks associated with laser treatments. Some key benefits include improved skin tone and texture, reduced signs of aging like fine lines, wrinkles, and age spots. They also help remove dead skin cells and stimulate skin cell turnover. Microdermabrasion can treat a variety of skin conditions like acne scars, hyperpigmentation, sun damage, and stretch marks.

Weakness: Microdermabrasion treatments have to be performed repeatedly to maintain results as it is a temporary procedure. It may not be as effective on deeper wrinkles and skin imperfections compared to laser treatments. Some individuals may face risks of erythema, stinging, or discomfort during the treatment.

Opportunity: Rising demand for non-invasive cosmetic procedures to delay signs of aging is a major driver for the market. Growing emphasis on aesthetic looks especially in developed nations is encouraging people to opt for anti-aging treatments. Increasing disposable incomes also allow people to spend more on skincare and aesthetic treatments. Growth of medical tourism in developing countries present opportunities for manufacturers.

Threats: Preference for alternative anti-aging remedies like laser resurfacing owing to better results pose threats to microdermabrasion devices. Economic slowdowns can limit discretionary spending on aesthetic treatments. Stringent regulatory approvals and quality standards for cosmetic devices also pose challenges.

 

Key Takeaways

The Global Microdermabrasion Devices Market Size is expected to witness high growth. Microdermabrasion devices are used for various skin treatment applications like acne, anti-aging, hyperpigmentation, and others. North America currently dominates the market due to high awareness levels and technological advancements. Growing medical tourism in countries like India and China also presents lucrative opportunities.

 

Regional analysis: North America currently accounts for the largest share of the global market due to strong economic conditions and rising focus on aesthetic appearance. Presence of major players and availability of advanced treatment options further support market growth. Asia Pacific is expected to witness the fastest growth during the forecast period owing to increasing medical tourism and significant infrastructure developments supporting healthcare facilities in countries like India, China, Thailand, and Malaysia. Rising disposable incomes also encourage higher spending on skincare treatments in Asia Pacific region.

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


Get More Insights Here

https://www.newswirestats.com/medical-devices-reimbursement-market-size-share-growth-outlook-2023/

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