Market OverviewRising cases of numerous skin conditions is expected to be key factor augmenting market growth. High demand for the anti-aging services (procedures and treatments) due to the growing geriatric population is further estimated to fuel industry growth. This eventually increases demand for the microdermabrasion devices, thus driving the market.
Rising cases of the skin-related conditions, growing disposable income, and the global acceptance of the non-invasive procedures for the skin beautification are among the noticeable factors supplementing the product demand.
In addition, globalization and social media have also certainly affected product demand, thus boosting the market growth. Anti-aging is fastest-growing application due to factors, such as rising geriatric population. According to the Population Reference Bureau, by 2060 number of individuals over 65 years of age is likely to reach closely 98 million, which is about double the number in the year 2016.
Segment OverviewBased on type, the microdermabrasion market is segmented into the diamond and crystal microdermabrasion. Diamond segment lead the market share in 2019. The devices are convinient to use and provide complete safety to patients during treatment, thereby fuelling the segment growth. Procedures with such equipment are ideal for range of skin conditions, including fine lines, wrinkles, acne scars, old stretch marks, uneven skin tone, and hyperpigmentation. Furthermore, the systems are highly effective, non-invasive, and also help intensification of blood flow and in the the production of collagen in skin.
According to International Society of the Aesthetic Plastic Surgery (ISAPS), around 366,698 microdermabrasion processes were carried out globally in 2014. Microdermabrasion is safe and short nonsurgical procedure that provide many benefits. The procedure can be accomplished on all skin colour and type. In this procedure, non-allergenic crystals are used to treat skin, which is helpful for the chemical sensitive skin. The technique does not involve any severe risks when implemented by professionals.
Regional OverviewNorth America held substantial market share in 2019 due to surge in number of the cosmetic procedures and the high demand for the minimally invasive methods. Presence of large number of companies with availability of skilled professional and dermatologists in the North America will propel the market further. Furthermore, advent of advanced products and the improved patient care services in region are expected to boost microdermabrasion market growth.
Asia Pacific led market share in 2019 and is expected to witness maximum CAGR over forecast period. This can be accredited to rising number of dermatology processes being performed, high presence of target population, growing disposable income levels, and the availability of the cost-effective procedures.
Competitor overviewIntroduction of the new products for treatment of various skin disorders is assessed to augments the market growth in the coming future. Some of key companies in global market are Silhouet-Tone, Koninklijke Philips N.V., Dermaglow, and Skin for Life. Other major firms in market include Johnson & Johnson., Altair Instruments, PMD, and Lumenis ltd.
Key Players
- Johnson & Johnson
- Skin for Life
- Altair Instruments
- Dermaglow
- PMD
- Silhouet-Tone
- Lumenis ltd
- Koninklijke Philips N.V
Market SegmentationBy Type
By End User
- Acne & Scars
- Photo Damage
- Hyperpigmentation
- Anti-aging
- Stretch Marks
- Others
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model