Microdermabrasion is a skin care technique getting extensively popularized, owing to its non-invasive method, thereby providing rapid growth of 4.3% to the microdermabrasion devices market in terms of revenue. However, the COVID-19 pandemic has proven to have a slight negative impact on this market. The pandemic has lowered the growth of the market due to lesser supply and demand for microdermabrasion devices across the world.
This factor has introduced more competition in the market, which has paved the way for further technological advancements in microdermabrasion devices. This will be a key driver for market growth across the globe over the coming years. Investments in research & development by key players such as Johnson & Johnson, Koninklijke Philips N.V., etc., are also expected to surge the growth of the global microdermabrasion devices market over the coming years.
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Key Takeaways from Microdermabrasion Devices Market Study
- The diamond microdermabrasion technology holds a majority share of 70% in the microdermabrasion devices market.
- The anti-aging segment of the microdermabrasion devices market is the dominant segment, holding 30% share.
- Demand for home use self-care microdermabrasion devices is predicted to be a key driver of the market.
- The hospitals segment is a key end user segment, having a share of 60% of the total market.
- Leading players of the market such as Koninklijke Philips N.V., Altair Instruments, Johnson & Johnson, etc., account for 40% of the total market share.
“Technological advancements in home-use microdermabrasion devices will prove to be an important driver of the market in the future,”says a Fact.MR analyst.
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Microdermabrasion Devices Market: Segmentation
Fact.MR has studied the microdermabrasion devices market with detailed segmentation on the basis of type, technology, application, end user, and key regions.
- Capital Equipment
- Crystal Microdermabrasion
- Diamond Microdermabrasion
- Acne & Scars
- Photo Damage
- Stretch Marks
- Dermatology Clinics
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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The Microdermabrasion Devices Market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing Microdermabrasion Devices Market does?
- How the global Microdermabrasion Devices Market does looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2029?
- What innovative products are being introduced by the players in the global High Speed Steel Market does?
- Which regions are showing the fastest market growth?
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