Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Beauty Dermabrasion Equipment Market – An Innovative Tool in Dermatology Sector
The beauty dermabrasion equipment is the first choice among people as it offers deep removal of acne scars wrinkles For instance, according to the American Society of Plastic Surgeon (ASPS), a total number of 80,697 dermabrasion procedures were performed in 2018 in the U.S. Moreover, according to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2017, 500,758 skin rejuvenation procedures were performed in the U.S.
The dermabrasion procedure is considered is favorable for all the age group. For instance, according to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2017, in American population 2,546 dermabrasion procedures were carried out in the age group of 51-64. Moreover, 1,876 number of dermabrasion procedures were performed on the age group of above 65, whereas this procedure decreased with the age group, for instance 603 number of procedures were performed of age group 35-50 and 402 procedures were conducted on age group of 19-34.
The procedure are performed in both male & female with better results in less time. For instance, according to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2017, in America out of 5,427 number of dermabrasion procedure, 5,159 of procedures were performed on females and 268 of these non-surgical procedures were performed on males.
The global beauty dermabrasion equipment market size was valued at US$ 262.8 million in 2018 and is expected to exhibit a CAGR of 4.8% over the forecast period (2019-2027).
Figure 1. Global Beauty Dermabrasion Equipment Market Value (US$ Mn), by Region, 2018
Source: Coherent Market Insights Analysis (2019)
Product launches and wide range of product offerings in the market by the major players are driving the growth of the market.
Rising demand of cosmetic procedures with minimally invasive techniques is expected to boost demand for technologically advanced products, which is further expected to drive growth of the market over the forecast period. For instance, in August, 2015 SkinFirst launched Diamond Tip Microdermabrasion system. This system stimulates cell renewal with gentle approach to facial treatment. The system is available in at salon or spa and specialty clinics for the treatment.
Moreover, PMT Corporation, a research-based medical devices manufacturing company, based in the U.S. offers wide range of product portfolio for the dermabrasion and micropigmentation devices with accessories. The company offers 12 different sterile needle configurations for dermabrasion accessories and 53 sterile pigment shades in micropigmentation devices.
Figure 2. Global Beauty Dermabrasion Equipment Market Share (%), by Product Type, 2019 and 2027
Source: Coherent Market Insights Analysis (2019)
Increasing adoption of mergers and acquisitions by market players will boost the market growth
North America is expected to hold dominant position in the market, owing to large healthcare industry in the region and adoption of acquisition and collaboration strategies by the market players in the region. For instance, in December 2018, HydraFacial Company entered into a collaboration with SENTÉ, a privately held specialty aesthetics designer. This collaboration aimed to launch SENTÉ Dermal Repair, a patented sulfated glycosaminoglycan (SuGAG) equivalent technology that is clinically proven to offer rapid skin rejuvenation. The SENTÉ Dermal Repair a booster, when combined with HydraFacial’s treatments offers increased superficial and deep hydration and reduces the appearance of fine lines, wrinkles & redness.
Moreover, in February 2014, PhotoMedex, Inc. signed an agreement to acquire LCA-Vision, a provider of laser vision correction services. The agreement was signed for US$ 106 million, which accounts for US$ 5.37 per share. This agreement is expected to grow with influential economic and profitable long-term growth in the market.
Moreover, Asia Pacific is expected to witness significant growth over the forecast period. For instance, in April 2013 Shanghai Fosun Pharma Group (Fosun Pharma) acquired Alma Lasers (Caesarea, Israel), a subsidiary of Alma Lasers Ltd. This acquisition was valued at US$ 240 million. With this acquisition Fosun Pharma gained a leading position in the international aesthetic medical device market.
Major players operating in the global beauty dermabrasion equipment market include Syneron Medical ltd, Photomedex, Inc., Alma Lasers ltd, The HydraFacial Company (EDGE SYSTEM LLC.), RUIXI Aesthetic. Equipment Co., Limited, and PMT Corporation.