03-15-2019 01:20 PM CET - Health & Medicine

Microdermabrasion Devices Market: Key players Analysis - Johnson & Johnson, Lumenis Ltd., Allergan Plc, Syneron Medical Ltd., Silhouet-Tone

Press release from: Transparency Market Research

Dermatology refers to the science of diagnosis and treatment of skin abnormalities and disorders. Medical esthetic devices, including microdermabrasion, cater to various applications for cosmetic care and enhancement of appearance of the skin and body. The microdermabrasion devices market is currently a relatively minor market segment of the medical device market; however, demand for microdermabrasion procedures is projected to increase significantly during the forecast period, driven by the increase in skin-related problems, rise in geriatric population, and increase in expendable income, and cultural acceptance of undergoing esthetic procedures for enhancement of beauty. In 2016, the global market for microdermabrasion devices was valued at US$ 151.6 Mn. It is expected to expand at a CAGR more than 4.0% from 2018 to 2026.

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The microdermabrasion devices market is witnessing an increasing trend of innovation in technology to ensure maximum patient comfort during and after treatment. Since most of these procedures last for multiple sessions with the entire treatment duration spanning from days to months, ensuring minimal discomfort to the patient is an important consideration for manufacturers as well as service providers.

The global microdermabrasion devices market has been segmented based on type, technology, application, end-user, and geography. Furthermore, in terms of type, the market has been classified into capital equipment and accessories. Among these segments, the capital equipment segment accounted for a major share of the market in 2017. Utilization of accessories is rising gradually, due to the increase in occurrence of skin and aging issues, worldwide, leading to increase in consumption of consumables and reagents that are utilized in the microdermabrasion procedure. The accessories segment is expanding rapidly, owing to the rise in health consciousness, specifically in the Western world.

Based on technology, the market has been segregated into crystal microdermabrasion, diamond microdermabrasion, and others. The diamond microdermabrasion segment held a prominent share of 69% owing to the smooth appearance of the skin while using diamonds, rather than crystals. Moreover, diamond technology causes less abrasion, as compared to that caused by crystal technology.

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Based on application, the market has been divided into acne & scars, photo damage, anti-aging, hyperpigmentation, stretch marks, and others. The anti-aging segment accounted for a notable share of 28% of the market, owing to the increase in geriatric population, leading to increase in demand for non-invasive techniques, such as microdermabrasion, especially in Western countries.

In terms of end-user, the market has been split into hospitals, dermatology clinics, and others. The hospitals segment held a significant share of the market in 2017 owing to the increased preference by people for performing such procedures at well-equipped hospitals. However, the others segment is projected to expand at a prominent growth rate during the forecast period, owing to the increase in number of private clinics, spas, and med-spa centers.

In terms of geography, the global microdermabrasion devices market in Asia Pacific is likely to expand at a high CAGR between 2018 and 2026. Increase in the incidences of skincare issues is projected to fuel the market in the region during the forecast period. The market in Asia Pacific is projected to witness high growth during the forecast period, due to increasing health care expenditure in the region. Moreover, low cost of manufacturing in China and India has resulted in the rise in number of production facilities, attracting medical esthetic device manufacturers to Asia Pacific from across the world.

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A majority of microdermabrasion devices are being manufactured by key players who have been covered in this report. Key players profiled in the report include such as Johnson & Johnson, Lumenis Ltd., Allergan Plc, Syneron Medical Ltd., Silhouet-Tone, Skin for Life, Koninklijke Philips N.V., Altair Instruments, Viora, and Dermaglow. These market leaders have a wide product range to offer in microdermabrasion and have an extensive distribution system across the world. Additionally, the emerging markets in Asia are witnessing the entry of small players. However, stringent regulatory framework and high quality standards set by the market leaders are likely to restrain the speed of market penetration by new entrants.

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