September 02, 2021
According to the business intelligence report titled ‘Global Microneedling Market Size study, by Type (Laser, RF) Product (Derma-stamp, dermapen, dermarollers) Needle Material (Silicon, Metal, Glass Hollow) Application (Skin Rejuvenation, Acne Scar, Traumatic & Surgical Scars, Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global microneedling market is projected to expand significantly between 2021-2027.
Growing geriatric populace, coupled with increasing aesthetic consciousness among consumers are key factors spurring global microneedling market growth. Moreover, growing prevalence of skin diseases such as pigmentation and skin damage, alongside availability of at-home needling equipment will aid revenue inflow in this business domain.
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Rising awareness about advantages of microneedling such as decrease in wrinkles, firmer skin, and its capability to facilitate the absorption of topical skincare products such as retinoids, vitamins, and other ingredients by skin cells will aid market outlook.
For the unversed, microneedling or collagen induction treatment is a low-risk therapeutic method which is used in tandem with laser, chemical, or IPL skin treatments. The therapy involves a small device with hundreds of tiny needles. It is rolled over the skin and triggers a physiological response that results in a rise in elastin and collagen production.
While changes in lifestyle will facilitate industry expansion, lack of adequate experience in using modern technology will act as a challenge for businesses in this market sphere.
From the regional frame of reference, North America held 41% of worldwide microneedling industry share in the past year due to increasing number of cosmetic surgeries, in consort with availability of advanced healthcare facilities and skilled professionals.
Meanwhile, Asia Pacific market is slated to expand rapidly between 2021 and 2027, owing to rising demand for antiaging therapy as a result of higher disposable income and better standard of living in developing countries. Availability of innovative techniques, cost-effective treatments, and skilled doctors will aid industry growth as well.
Leading players formulating the competitive landscape of global microneedling market sphere are Lumenis, Cynosure LLC, Cutera Inc., Candela Laser Corporation, EndyMed Medical Ltd., Dermaroller GmbH, DermaConcepts USA, Eclipse Aesthetics LLC, DermaQuip, and Lutronic Corporation.