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.
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.
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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.
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.
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.
The research report on Microneedling Devices Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2026. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).
The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved. The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities. The report classifies the market into different segments based on technique, application and end-user. These segments are studied in detail incorporating the market estimates and forecasts at regional and country level. The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
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