Microneedling is a safe, cosmetic, and derma roller procedure used for various skin treatments. This process is also called as collagen induction therapy. Microneedles are rolling devices that have several tiny needles, which penetrate in living layer of skin and trigger collagen and elastin production. Microneedling is used for various skin-related complications such as fine lines, acne, scarring, wrinkles, loose skin, stretch marks, and pigmentation.
Global Microneedling Devices Market – Dynamics
Increasing incidences of uneven skin tone and skin discoloration are expected to boost growth of the microneedling devices market. According to a report by The Journal of Clinical and Aesthetic Dermatology, in July 2010 published, the prevalence of uneven skin tone and skin discoloration in Arab Americans was around 56.4% and 55.9%, in 2007 respectively. Moreover, increasing cost of cosmetic surgeries and high discomfort level of such surgeries as compared to microneedling procedure is also expected to boost growth of the global market for microneedling devices. According to the National Center for Biotechnology Information (NCBI) report in August 2017, the microneedling procedure is well tolerated with less discomfort and pain. Moreover, the procedure has less side effects compared to other invasive treatment such as radio frequency and laser treatment. According to the National Institute of Health (NIH) in June 2017, the innovation in the microneedle patch for vaccination of flu is expected to boost the microneedling market over the forecast period.
Global Microneedling Devices Market – Regional Insights
North America accounted for the largest market share in 2017, owing to launch and approval of new microneedling devices in the region. For instance, the U.S. Food and Drug Administration (FDA) approved a microneedling device (SkinPen®) developed by Bellus Medicals, a U.S.-based company. Increasing prevalence of skin-related diseases is expected to boost growth of the microneedling devices market in Asia Pacific. According to the Indian Journal of Dermatology, In India over 80% of the population has skin color heterogeneity results from postinflammatory hyperpigmentation or melasma. Therefore, these factors and scenarios are expected to boost growth of the global microneedling devices market.
Global Microneedling Devices Market – Competitive Landscape
Key players operating in the global microneedling devices market include, Dermapen, Dermaroller GmbH, MDPen Fractional Microdermal Needling, DermaConcepts, ConceptSkincare, Ramboll Environ, Inc., Edge Systems LLC., Weyergans High Care, Bomtech Electronics Co., Ltd., and others.
Key players in the market are focused on developing new products in order to enhance their market share. For instance, Dermaroller GmbH developed – Dermaroller HC902 and Beauty Mouse that can be used at home by patients. In 2013, the company was awarded by the professional magazine ‘Ästhetische Dermatologie.’ for the product Dermaroller Beauty Mouse.
Global Microneedling Devices Market - Taxonomy
On the basis of product type, the global microneedling devices market is segmented into:
On the basis of needle material, the global microneedling devices market is segmented into:
On the basis of end user, the global microneedling devices market is segmented into:
On the basis of regions, the global microneedling devices market is segmented into:
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.