Global Beauty Dermabrasion Equipment Market, by Product Type (Diamond Tip and Wire Brush), by Application (Skin Rejuvenation, Acne Scars, Traumatic & Surgical Scars, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), 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), as highlighted in a new report published by Coherent Market Insights.
Increasing demand for dermatological procedures from the patients with scars or injuries and people with younger looking concern, with its results in less time & effectiveness are expected to propel growth of the market over the forecast period. For instance, according to plastic surgery statistics report published in 2016 by the American Society for Aesthetic Plastic Surgery (ASAPS), the overall dermabrasion procedures in America were performed on 88,182 and 87,216 patients in 2016 and 2015 respectively.
Moreover, market players are focused on collaborations & expansion strategies, in order to strengthen their global distribution network, which are expected to drive market growth over the forecast period. For instance, in February 2019, Alma Laser ltd. extended a new innovation center in Caesarea Industry Park in Israel. The new innovation center is around 11,000 m². This center supports in increasing production of aesthetic products of Alma Lasers Ltd.
Browse 32 Market Data Tables and 21 Figures spread through 129 Pages and in-depth TOC on ‘Beauty Dermabrasion Equipment Market’- Global Forecast to 2027, by Product Type (Diamond Tip and Wire Brush), by Application (Skin Rejuvenation, Acne Scars, Traumatic & Surgical Scars, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Asia Pacific is expected to offer lucrative growth opportunity in the beauty dermabrasion equipment market over the forecast period, owing to adoption of inorganic growth strategies such as expansions by the market players in the region to expand their product offerings. For instance, in October 2018, Synreon Candela, a subsidiary of Syneron Medical Ltd., announced about inaugural of new headquarters in South Korea, which would support to all the commercial activities of Syneron Candela in South Korea.
Moreover, manufacturers of beauty dermabrasion in the region are focusing on acquisitions with the aim of promoting such non-surgical procedures globally, which is expected to facilitate growth of the market over the forecast period. For instance, in February 2014, PhotoMedex, Inc. signed an agreement to acquire LCA-Vision, a provider of laser vision correction services. The agreement is signed for US$ 106 million which makes US$ 5.37 per share. This agreement expected the potential for influential economic leverage and profitable long-term growth in the market.
Key Takeaways of the Beauty Dermabrasion Equipment Market:
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