Dermabrasion And Microneedling Market to Reach $684.4 Million, Globally, by 2031 at 5.1% CAGR: Allied Market Research

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Apr 07, 2023, 02:30 ET

PORTLAND, Ore., April 7, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Dermabrasion and Microneedling Market By Procedure (Dermabrasion, Microneedling), By Gender (Female, Male), By Application (Scar, Fine line and Wrinkle, Others), By End User (Specialty and Dermatology Clinics, Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global dermabrasion and microneedling industry generated $417.7 million in 2021 and is anticipated to generate $684.4 million by 2031, witnessing a CAGR of 5.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers, Restraints, and Opportunities

The increase in the prevalence of skin care treatments, the rise in the adoption of minimal invasive procedures in various aesthetic service providers, a surge in the number of plastic surgeons to conduct dermabrasion procedure, and the rise in the demand for aesthetic appearance, and an increase in the number of product approvals for dermabrasion and microneedling devices for different procedures drive the global dermabrasion and microneedling market. However, the high cost of dermabrasion procedure and the availability of alternative treatments are likely to hinder the market growth during the forecast period. On the other hand, a rise in the number of development strategies, such as agreement and collaboration by market players is expected to provide new opportunities in the coming years.

Covid-19 Scenario:

The outbreak of COVID-19 had a negative impact on the global dermabrasion and microneedling market, as the pandemic caused a stress in healthcare systems across the globe. A huge number of clinics and hospitals worldwide were reconstructed to increase the hospital capacity for the patients diagnosed with COVID-19.
Furthermore, non-essential surgical procedures were cancelled due to the pandemic. A decline in the number of elective surgeries during the COVID-19 pandemic resulted in the decrease in the demand for facial aesthetic procedure owing to the imposition of lockdown by governments of several countries. This had a negative impact on the market for dermabrasion and microneedling.
On the other hand, a sudden sharp cut in the monthly income of population restricted the market growth during the pandemic.

The dermabrasion segment to grab the lion's share during the forecast period

Based on procedures, the dermabrasion segment contributed to the largest share of more than two-thirds of the global dermabrasion and microneedling market in 2021, and is expected to maintain its dominance during the forecast period. The growth is attributed to the rising prevalence of skin disease like acne scar and advancement in technology for the development of advanced dermabrasion treatments. The microneedling segment, on the other hand, is projected to witness the fastest CAGR of 5.5% from 2022 to 2031. This is due to the increase in the demand for anti-aging procedures, the surge in R&D activities in medical aesthetic centers, and a rise in the number of clinical trials on microneedling treatment.

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The scar segment to dominate the market during the forecast period

In terms of application, the scar segment held the highest market share in 2021, accounting for nearly two-thirds of the global dermabrasion and microneedling market and is estimated to maintain its leadership status throughout the forecast period. Also, the same segment is projected to manifest the highest CAGR of 5.3% from 2022 to 2031. The growth of the segment is driven by the increase in the prevalence of scars caused due to acne, accident, and previous surgery and the rise in the demand for minimal invasive aesthetic procedures.

The hospitals segment to maintain its leadership status throughout the forecast period

On the basis of end user, the hospitals segment contributed to the largest share of more than two-fifths of the global dermabrasion and microneedling market revenue in 2021 and is expected to maintain its dominance during the forecast period. The same segment is expected to witness the fastest CAGR of 5.5% from 2022 to 2031. The increase in the adoption of aesthetic procedures in hospitals and a rise in expenditure by government on developing the healthcare sector are the factors driving the growth of the segment.

North America to garner the largest revenue by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for around two-fifths of the global dermabrasion and microneedling market and is likely to dominate the market during the forecast period. The growth is attributed to a rise in the number of minimal invasive surgical aesthetic procedures, the increase in the adoption of advanced aesthetic procedures in hospitals, the surge in the prevalence of acne scar, and a strong presence of key market players in the region. However, the market in Asia-Pacific is likely to show the fastest CAGR of 6.1% from 2022 to 2031. This is due to the high prevalence of aging population with increased need of aesthetic surgery, the rise in healthcare awareness, and a rise in healthcare expenditure in the region.

Leading Market Players:

Essi Clinic
SpaSurgica,
LuxeSkin Med Spa
Bingham Memorial Hospital
Azura Skin Care Center
Apollo Hospitals Enterprise Ltd.
JNU Hospital
Cutis Skin Clinic & Cosmetology Center
Fortis Healthcare
Yorkville Institute of Plastic Surgery

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