Microneedling Market
Microneedling Market Forecasts to 2030 - Global Analysis By Type (RF Microneedling and Laser Microneedling), Product (Dermapen, Dermaroller, Derma-Stamp and Other Products), Needle Material, Technique, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $601.31 MN |
|
Projected Year Value (2030) |
US $1135.02 MN |
|
CAGR (2023 - 2030) |
6.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Microneedling Market is accounted for $601.31 million in 2023 and is expected to reach $1,135.02 million by 2030 growing at a CAGR of 6.2% during the forecast period. Microneedling is a cosmetic procedure that uses small, sterilised needles to prick the skin. The importance of microneedling lies in its ability to stimulate collagen and elastin production, promote skin rejuvenation, and improve texture. It's used to address various skin concerns, including scars, wrinkles, fine lines, stretch marks, and hyperpigmentation. Microneedling can enhance the absorption of topical skincare products, making it an effective and versatile treatment for achieving smoother, firmer, and more youthful-looking skin.
According to the American Society for Dermatologic Surgery, sun damage is a top condition treated within the laser/light/energy-based devices, which increased by 14% year-over-year and up 22% from 2017 to 2020.
Market Dynamics:
Driver:
Rising beauty awareness
Aesthetics and personal appearance hold significant importance, and people are increasingly conscious of their skin's condition. Social media, beauty influencers, and the prevalence of image-driven platforms have fuelled a heightened awareness of skincare and appearance. This awareness has created a strong desire for solutions to address common skin issues such as fine lines, wrinkles, acne scars, and an uneven complexion. Moreover, microneedling offers a non-invasive and effective way to achieve these desired results, aligning with the growing preference for minimally disruptive cosmetic procedures. As a result, the demand for microneedling has surged, boosting the market.
Restraint:
Risk of side effects
Infection, scarring, and hyperpigmentation are among the potential side effects, even though the surgery is usually seen as safe when carried out by qualified specialists. This risk increases if the patient neglects to follow post-treatment care recommendations or if the process is not conducted properly. Moreover, people with underlying medical issues or those taking medications that could influence the outcome may be reluctant due to fear of negative effects, which would further restrict the market's potential for expansion.
Opportunity:
Technological advancements
Technological advancements have led to more precise and efficient microneedling procedures, enhancing the patient experience and treatment outcomes. Advanced microneedling devices now feature adjustable needle depths, improved safety mechanisms, and user-friendly interfaces, making treatments more customizable and comfortable. Integration with other technologies like radiofrequency (RF) or fractional lasers has optimised results by promoting collagen production and improving skin texture. In addition, specialty serums and skincare products designed to complement microneedling procedures further boost results and offer a holistic approach to skin rejuvenation. These technological advancements have expanded the range of applications, contributing to market growth.
Threat:
Misuse and untrained practitioners
Microneedling requires a skilled and knowledgeable approach to ensure safety and optimal results. Possible side effects include insufficient results, infection, scarring, and hyperpigmentation if the operation is carried out by unskilled specialists. Those who experience these negative consequences can spread negative reviews, damaging the reputation of microneedling and deterring potential clients. The growing popularity of at-home microneedling technology raises this risk even more because individuals may use it without the required expertise. Thus, it is hampering market growth.
Covid-19 Impact
COVID-19 had a significant negative impact on the microneedling market since it restricted the use of elective cosmetic operations. During the lockdown, many clinics and spas temporarily closed, and consumers postponed non-essential treatments. The long-term impact may include an increased focus on safety and hygiene standards in the industry, as well as a continued shift towards home-based options. Regardless, the microneedling market is forming favourable opportunities post-pandemic owing to its high popularity and effectiveness. Similarly, the increasing adoption of drug-loaded microneedles to administer pharmaceutical formulations and the use of social media to spread knowledge about cosmetic procedures drive the increase in market revenue.
The Laser Microneedling segment is expected to be the largest during the forecast period
The Laser Microneedling segment is estimated to hold the largest share. Laser microneedling combines traditional microneedling with laser technology to treat skin concerns. It creates controlled injuries in the skin using fine needles, stimulating collagen production and improving skin texture. This minimally invasive procedure is important for precise and effective skin rejuvenation, scar treatment, and the overall enhancement of skin quality. Moreover, laser microneedling can address a wider range of skin issues, offering a more customised and effective approach to skin rejuvenation. This segment caters to individuals seeking advanced and targeted solutions for their skincare needs, contributing to the diversity and growth of the microneedling market.
The Dermaroller segment is expected to have the highest CAGR during the forecast period
The Dermaroller segment is anticipated to have lucrative growth during the forecast period. A dermaroller is a handheld cosmetic device equipped with a roller covered in tiny, medical-grade needles. It is used to create controlled micro-injuries in the skin, stimulating collagen production. This promotes skin rejuvenation, reduces the appearance of scars, wrinkles, and hyperpigmentation, and enhances product absorption. Moreover, dermatologists come in various needle lengths and are popular for at-home and professional use, offering a non-invasive and cost-effective solution for improving skin texture and appearance.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to the high investments in R&D activities in surgical procedures, along with awareness and acceptance of skin care procedures. Increasing use of radiofrequency microneedling for skin rejuvenation and partnerships between major companies in this region are driving revenue growth in the market. Furthermore, growing emphasis on personal grooming, more disposable income, and growing awareness of the benefits of microneedling procedures in nations like China, Japan, and India are the main factors driving the market's revenue growth.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period due to the rise in the popularity of skin rejuvenation and resurfacing treatments and the growing geriatric population. The rising incidence of alopecia and other dermatological conditions in this region are major factors driving the revenue growth of the microneedling market in North America. Moreover, major companies in the market are undergoing mergers and acquisitions and launching new products to expand their product portfolio while increasing their commercial footprint on a global scale.
Key players in the market
Some of the key players in the Microneedling Market include Lumenis, Cynosure, Cutera, EndyMed Medical Ltd, Environ Skin Care, Candela Medical, Eclipse Med Global, Lutronic, Derma Quip, Dermaroller GmbH, Shenb Co. Ltd., Crown Aesthetics, Veroderm Medical Technologies, Timpac Healthcare, Nubway Co. Ltd., Sincoheren Ltd. and Beijing Sanhe Beauty S & T Co., Ltd.
Key Developments:
In March 2022, Cynosure announced a distribution partnership with a subsidiary of Jeisys Medical Inc., which is headquartered in Japan. This partnership will enable the latter company to have exclusive distribution rights in Japan for products of energy-based laser portfolio of Cynosure.
In 24 May 2022, Crown Laboratories announced to acquire aesthetic-focused assets of Eclipse Medcorp, LLC. Product portfolio of the former company will expand to offer dermatological and aesthetic medicinal services and products to customers and will consequently increase customer base..
Types Covered:
• RF Microneedling
• Laser Microneedling
Products Covered:
• Dermapen
• Dermaroller
• Derma-Stamp
• Other Products
Needle Materials Covered:
• Silicon Microneedle
• Glass Hollow Microneedle
• Metal Microneedle
Techniques Covered:
• Automated
• Manual
Applications Covered:
• Skin Rejuvenation
• Acne
• Wrinkles
• Alopecia
• Traumatic & Surgical Scars
• Other Applications
End Users Covered:
• Hospitals
• Homecare Settings
• Dermatology Clinics
• Ambulatory Surgical Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Microneedling Market, By Type
5.1 Introduction
5.2 RF Microneedling
5.3 Laser Microneedling
6 Global Microneedling Market, By Product
6.1 Introduction
6.2 Dermapen
6.3 Dermaroller
6.4 Derma-Stamp
6.5 Other Products
7 Global Microneedling Market, By Needle Material
7.1 Introduction
7.2 Silicon Microneedle
7.3 Glass Hollow Microneedle
7.4 Metal Microneedle
8 Global Microneedling Market, By Technique
8.1 Introduction
8.2 Automated
8.3 Manual
9 Global Microneedling Market, By Application
9.1 Introduction
9.2 Skin Rejuvenation
9.3 Acne
9.4 Wrinkles
9.5 Alopecia
9.6 Traumatic & Surgical Scars
9.7 Other Applications
10 Global Microneedling Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Homecare Settings
10.4 Dermatology Clinics
10.5 Ambulatory Surgical Centers
10.6 Other End Users
11 Global Microneedling Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Lumenis
13.2 Cynosure
13.3 Cutera
13.4 EndyMed Medical Ltd
13.5 Environ Skin Care
13.6 Candela Medical
13.7 Eclipse Med Global
13.8 Lutronic
13.9 Derma Quip
13.10 Dermaroller GmbH
13.11 Shenb Co. Ltd.
13.12 Crown Aesthetics
13.13 Veroderm Medical Technologies
13.14 Timpac Healthcare
13.15 Nubway Co. Ltd.
13.16 Sincoheren Ltd.
13.17 Beijing Sanhe Beauty S & T Co., Ltd.
List of Tables
1 Global Microneedling Market Outlook, By Region (2021-2030) ($MN)
2 Global Microneedling Market Outlook, By Type (2021-2030) ($MN)
3 Global Microneedling Market Outlook, By RF Microneedling (2021-2030) ($MN)
4 Global Microneedling Market Outlook, By Laser Microneedling (2021-2030) ($MN)
5 Global Microneedling Market Outlook, By Product (2021-2030) ($MN)
6 Global Microneedling Market Outlook, By Dermapen (2021-2030) ($MN)
7 Global Microneedling Market Outlook, By Dermaroller (2021-2030) ($MN)
8 Global Microneedling Market Outlook, By Derma-Stamp (2021-2030) ($MN)
9 Global Microneedling Market Outlook, By Other Products (2021-2030) ($MN)
10 Global Microneedling Market Outlook, By Needle Material (2021-2030) ($MN)
11 Global Microneedling Market Outlook, By Silicon Microneedle (2021-2030) ($MN)
12 Global Microneedling Market Outlook, By Glass Hollow Microneedle (2021-2030) ($MN)
13 Global Microneedling Market Outlook, By Metal Microneedle (2021-2030) ($MN)
14 Global Microneedling Market Outlook, By Technique (2021-2030) ($MN)
15 Global Microneedling Market Outlook, By Automated (2021-2030) ($MN)
16 Global Microneedling Market Outlook, By Manual (2021-2030) ($MN)
17 Global Microneedling Market Outlook, By Application (2021-2030) ($MN)
18 Global Microneedling Market Outlook, By Skin Rejuvenation (2021-2030) ($MN)
19 Global Microneedling Market Outlook, By Acne (2021-2030) ($MN)
20 Global Microneedling Market Outlook, By Wrinkles (2021-2030) ($MN)
21 Global Microneedling Market Outlook, By Alopecia (2021-2030) ($MN)
22 Global Microneedling Market Outlook, By Traumatic & Surgical Scars (2021-2030) ($MN)
23 Global Microneedling Market Outlook, By Other Applications (2021-2030) ($MN)
24 Global Microneedling Market Outlook, By End User (2021-2030) ($MN)
25 Global Microneedling Market Outlook, By Hospitals (2021-2030) ($MN)
26 Global Microneedling Market Outlook, By Homecare Settings (2021-2030) ($MN)
27 Global Microneedling Market Outlook, By Dermatology Clinics (2021-2030) ($MN)
28 Global Microneedling Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
29 Global Microneedling Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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