Market Trends of Global Microdermabrasion Devices Industry
This section covers the major market trends shaping the Microdermabrasion Devices Market according to our research experts:
Diamond Microdermabrasion Devices is Expected to Hold the Largest Market Share
The dominant share is retained by the diamond microdermabrasion devices segment owing to the attributes such as full fledges patients safety while therapy and its pain-free and simple procedure as no chemicals are used in this, also it helps in treating everything from acne scars to wrinkles which are expected to drive the market growth for diamond microdermabrasion devices. For instance, According to a survey by the Hana Institute of Finance in Seoul, in 2021, Cosmetic surgery and skin clinics in South Korea recorded a 10% jump in sales in the first 10 months of 2020 from the previous. For instance, as per the statistics by the KnoemaWorld Data Atlas, the female population in Saudi Arabia was 42.2 % in 2020. Also, the article titled ' perception of cosmetic procedures among Saudis during COVID-19 pandemic' published in June 2021 mentioned that 27.4% considered a cosmetic procedure during COVID-19. According to the American Society of Plastic Surgeons, in 2020, 6.8 million reconstructive procedures were performed in the United States, with a 3% increase in the number of procedures over 2019. Such increases in surgeries are expected to drive the growth of the market. Such an increase in the demand for cosmetic surgeries among people is expected to contribute to the growth of the studied segment during the forecast period.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall microdermabrasion devices market, throughout the forecast period. This is owing to the factors like the rising prevalence of skin disorders such as acne & scars, anti-aging cases, rising geriatric population, growing demand for non-invasive treatments and the availability of skilled dermatologists will drive the market for microdermabrasion devices market in the region.
As per the American Academy of Dermatology (AAD) estimates in 2022, acne is the most common skin condition that affects around 50 million (26%) US people annually, approximately 85% of individuals aged between 12 to 24, which is further expected to upsurge the demand of microdermabrasion devices, as the noninvasive surgery are on-demand which is also boosting the market growth. Furthermore, the number of surgeries has increased in the region over recent years. For instance, according to a report published by the American Society of Plastic Surgeons 2020, 15.6 million cosmetic procedures were recorded in 2020, which included around 2.3 million cosmetic surgical and 13.2 million cosmetic minimally invasive procedures. However, in 2019 the cosmetic surgeries performed were 2,678,302. Such increase in the surgeries is expected to drive the growth of the market. Additionally, an increase in research and development activities, quick adaptability to advanced technology, and the presence of favorable healthcare infrastructure are fueling the growth of the overall regional market to a large extent.
