Global Microdermabrasion Devices Market Is Estimated To Witness High Growth
The Microdermabrasion Devices Market is estimated to be valued at US$ 481.09 Mn in 2022 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Microdermabrasion Devices are widely used in the beauty and skincare industry for skin rejuvenation. These devices exfoliate the skin and remove dead skin cells, resulting in smoother and younger-looking skin. The increasing demand for skin rejuvenation treatments, along with the rising disposable income of consumers, is driving the growth of the microdermabrasion devices market. The market offers various products such as diamond-tipped microdermabrasion devices, crystal microdermabrasion devices, and hydradermabrasion devices, among others.
Market Dynamics:
The growth of the microdermabrasion devices market can be attributed to two primary drivers. Firstly, the increasing demand for skin rejuvenation treatments from both men and women is fueling market growth. The desire to achieve youthful and healthy skin, coupled with the advancements in microdermabrasion technology, is driving the adoption of microdermabrasion devices. Secondly, the rising disposable income of consumers is leading to increased spending on skincare and beauty treatments. As consumers become more aware of the benefits of microdermabrasion, the demand for these devices is expected to grow further.
Key Takeaways:
The global microdermabrasion devices market is expected to witness high growth, exhibiting a CAGR of 8.0% over the forecast period, due to increasing demand for non-invasive skincare procedures and rising awareness about skincare among individuals. In terms of regional analysis, North America is currently the fastest-growing and dominating region in the market, attributed to the high adoption rate of cosmetic procedures and advanced healthcare infrastructure. Key players operating in the microdermabrasion devices market include DermaSweep Inc., Lifetrons Switzerland AG, Trophy Skin, Silk’n, HoMedics USA LLC, PMD Beauty, Dermaglow, ImageDerm Inc., Clairderm Medical Aesthetics, Sylvan Company, Altair Instruments, Koninklijke Philips, Microderm GLO Skincare USA, Silhouet-Tone, and Edge Systems LLC (HydraFacial). These key players play a crucial role in driving market growth through product innovation, strategic partnerships, and geographical expansion.
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