Microneedling Market Size 2022-28: Growth, Trends, Global Share Analysis

According to Precision Business Insights (PBI), the latest report, the microneedling market is expected to be valued at USD 540.3 million in 2022 and is poised to grow at a significant CAGR of 7.9% over 2022-2028. The primary drivers of the expansion of the microneedling market include the growing popularity of minimally invasive technology, the high adoption rate of derma care therapies and products, increasing investment in skin rejuvenating treatments, rising aesthetic consciousness among consumers, awareness about the effectiveness of microneedling procedures, and growing geriatric population.

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Dermapen to Dominate the Microneedling Market:
Based on product type, the global microneedling market is segmented into Derma-Stamp, Dermapen, Dermarollers, Laser Microneedling, Radiofrequency Microneedling, and Others. Among them, the dermapen is expected to account for a larger revenue share in the microneedling market, with a value share worldwide. Dermapen devices are mostly used in dermatological clinics by dermatologists or skilled professionals. Dermapens equipped with radiofrequency or laser are more efficient and effective than normal microneedles. Hence, this segment will dominate the global microneedling market in the forecasted years.

Asia Pacific Microneedling Market:
North America held a considerable market share in 2021 and is expected to dominate the market in the upcoming years. The USA, industry center accounted for the largest market share and will expand further at a significant CAGR. The increase in the number of cosmetic procedures being performed, the presence of advanced healthcare facilities & skilled professionals are boosting the global market in this region. The Asia Pacific market is expected to increase in the microneedling market over the forecast period. It is projected to grow at a CAGR of xx% in the coming years. The Asia Pacific market is expanding as a result of the increasing demand for non-invasive procedures for skin problems, especially among women.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The microneedling market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2021, Cynosure announced the U.S. launch of its one-of-a-kind Fusion Tip, the newest addition to its best-in-class Potenza radiofrequency (RF) microneedling system. In June 2021, Eclipse, a leading aesthetic and medical manufacturer announced FDA clearance of their latest medical-grade microneedling device, the MicroPen EVO.

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The microneedling market is segmented based on product, needle material, application, end-user, and geography.
Based on the product, the market is segmented into the following:
• Derma-Stamp
• Dermapen
• Dermarollers
• Laser Microneedling
• Radiofrequency Microneedling
• Others

Based on the needle material, the market is segmented into the following:
• Silicon
• Titanium
• Stainless Steel
• Polymers
• Others

Based on the application, the market is segmented into the following:
• Skin Rejuvenation
• Acne Scar
• Traumatic & Surgical Scars
• Wrinkles
• Others

Based on the end user, the market is segmented into the following:
• Hospitals
• Dermatology Clinics
• Homecare settings
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the microneedling market report are Lumenis, Cutera, Cynosure, Endymed Medical, Candela Medical, Dermaconcepts, Eclipse Aesthetics, Dermaquip, Lutronic, Dermaroller GmbH, Crown Aesthetics, Shenb Co. Ltd., and Veroderm Medical Technologies.

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