LOS ANGELES, July 05, 2019 (GLOBE NEWSWIRE) -- The global microdermabrasion devices market size is estimated to grow at CAGR above 8.6 % over the forecast time frame 2019 to 2026 and reach the market value around USD 650 million by 2026.
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Dermatology is a knowledge of skin abnormalities and disorders diagnosis and therapy. Medical equipment of the aesthetic quality of the skin and the body, including microdermabrasion, address multiple cosmetic apps. The market for microdermabrasion systems is a comparatively small market segment on the medical device markets; however, there is a predicted increase in demand for microdermabrasion processes over the forecast era, fueled by increasing the issues of skin, increasing geriatric populations and increasing expensive revenue and cultural recognition of the aesthetic procedure. A growing trend of technological innovation to guarantee maximum patient comfort during and after therapy is seen in the microdermabrasion device industry. Since most of these processes take numerous sessions, covering the whole therapy period of days to months, it is essential for producers as well as service suppliers to ensure minimum discomfort to the patient.
The incidence of skin problems will grow during the forecast period to fuel the region's market. Due to increased healthcare spending in the region, the market in Asia Pacific is expected to see elevated development during the forecast period. Furthermore, low production costs in China and India led to an increase in the amount of production plants, attracting producers of medical esthetic equipment from all over the globe to Asia-Pacific.
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In the worldwide microdermabrasion industry, Europe has an important market share, due to increased use of skin-related skin-treatment technologies in the region. In addition, a large population of patients and increased healthcare costs contribute to market development in the region. It has been estimated in 2016 that approximately 60% of the British population endured some kind of skin illness, according to the British Skin Foundation. In addition, roughly 28% of the inhabitants in the area have at some point of their lives confessed to acne. Because of bad markets in particular in the African area, the Near East and Africa has the least part in the worldwide microdermabrasion industry. The majority of the Middle East market in the Middle and African area is retained by countries such as Saudi Arabia, Kuwait and Qatar within the area owing to a well-developed health industry and enormous health care expenses.
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The growth of the market is also affected by the development of new technologically advanced machines and growing demand for cosmetics. The development of this market is also influenced by the growing numbers of non-surgical processes, providing huge advantages such as fast recovery, decreased therapy time and improved outcomes than other cosmetic surgical procedures. In addition, attracting young people to the Western style of life and comprehensive use of skin treatment cosmetics accelerate market growth. But market development is limited by the availability of alternative medicines such as chemical peel and laser skin surface treatments. Laser resurfacing acceptability is growing.
Key Players & Strategies
Most microdermabrasion systems are produced by main players covered in this study. The key players profiled in the Report include Johnson & Johnson, Allergan Plc, Syneron Medical Ltd., Lumenis Ltd., Viora, Dermaglow, Silhouet-Tone, AltaIr Instruments, Skin for Lifem and Others.
These market leaders have a broad variety of products for microdermabrasion and a comprehensive worldwide distribution scheme. In addition, tiny players are entering the emerging markets in Asia. But a strict legislative structure and high quality standards set by the industry rulers will probably limit the pace at which fresh entrants penetrate the market.
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