Microneedling Market Size

Microneedling Market worth $1.0 Billion by 2027 – Exclusive Report by Nova one advisor

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[150+ Pages Research Report] According to the recent analysis research report; the global Microneedling Market in 2020 was approximately USD 490.1 Million . The market is expected to grow at a CAGR of 7.2% and is anticipated to reach around USD 1.0 Billion by 2027. Top market players are Lumenis, Cutera, Cynosure, EndyMed Medical Ltd., Candela Medical, Environ Skin Care, Eclipse Med Global, Derma Quip, Lutronic, Dermaroller GmbH, Crown Aesthetics, Shenb Co. Ltd., Veroderm Medical Technologies, Nubway Co. Ltd., Timpac Healthcare, and Sincoheren Ltd.

Growth Factors:

Microneedling is a wrinkle, scar, and atypical texture or pigment therapy. Microneedling is a procedure that involves the use of needles to make small holes in the skin. The aim of the procedure is to generate new collagen and skin tissue. The treatment is primarily used on the face. It is a minimally invasive procedure used to treat wrinkles, stretch marks, hyperpigmentation, scars, and cellulite. This promotes the synthesis of collagen and elastin fibers, as well as the formation of capillaries, resulting in tissue remodeling.

The global microneedling market is driven by rise in awareness and concerns about physical appearance, combined with increase in demand for non-surgical treatments that provide maximum results with minimal downtime.

Rise in incidence of uneven skin tone and skin discoloration is projected to boost the growth of the global microneedling devices market. According to a report by the Journal of Clinical and Aesthetic Dermatology (July 2017), the prevalence of uneven skin tone and skin discoloration among the population of the U.S. was around 56.0% and 55.0%. Moreover, rise in cost of cosmetic surgeries and high discomfort level of these surgeries compared to microneedling procedure is expected to boost the growth of the microneedling market. According to the National Center for Biotechnology Information (NCBI) report in August 2017, the microneedling procedure is well tolerated with less discomfort and pain.

Furthermore, the procedure has less side effects compared to other invasive treatments such as radio frequency and laser treatment. This will, in turn, increase the uptake of microneedling devices, thereby driving the market.

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Report Coverage

Report Scope Details
Market Size USD 1.0 Billion by 2027
Growth Rate CAGR of  7.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Technique, Product, Material, Application, End-user and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Lumenis, Cutera, Cynosure, EndyMed Medical Ltd., Candela Medical, Environ Skin Care, Eclipse Med Global, Derma Quip, Lutronic, Dermaroller GmbH, Crown Aesthetics, Shenb Co. Ltd., Veroderm Medical Technologies, Nubway Co. Ltd., Timpac Healthcare, and Sincoheren Ltd.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Microneedling market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Microneedling Market include:   Lumenis, Cutera, Cynosure, EndyMed Medical Ltd., Candela Medical, Environ Skin Care, Eclipse Med Global, Derma Quip, Lutronic, Dermaroller GmbH, Crown Aesthetics, Shenb Co. Ltd., Veroderm Medical Technologies, Nubway Co. Ltd., Timpac Healthcare, and Sincoheren Ltd.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

Market: Segmentation

  • Microneedling Market, by Technique
    • Manual
    • Automated
  • Microneedling Market, by Product
    • Dermapen
    • Dermaroller
    • RF Microneedling Devices
    • Others
  • Microneedling Market, by Material
    • Silicon
    • Titanium
    • Stainless Steel
    • Polymers
    • Others
  • Microneedling Market, by Application
    • Skin Rejuvenation
    • Scarring
    • Acne
    • Wrinkles
    • Others
  • Microneedling Market, by End-user
    • Hospitals
    • Dermatology Clinics
    • Homecare Settings
    • Others

Regional Segmentation:

– North America Region (U.S., Canada, Mexico)

– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

– South America Region (Brazil, Argentina, Columbia, Rest of South America)

– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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Scope of the Study

This Microneedling market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Regional analysis

In 2020, North America held the largest market share of 41.1% and will expand further at a steady CAGR from 2021 to 2027. The U.S. accounted for the largest share in the North America regional market. An increase in the number of cosmetic procedures being performed is propelling the product demand in North America. The presence of advanced healthcare facilities & skilled professionals and high disposable income levels are also among the major factors driving the growth of the regional market.

On the other hand, Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. An increase in the demand for antiaging treatment, a rise in the standard of living, and growing consumer disposable income levels in emerging countries are boosting the market expansion in the Asia Pacific region. In addition, the availability of skilled professionals, advanced techniques, and cheaper treatments are attracting customers from around the world, which is leading to a large number of aesthetic procedures being performed in the region.

Important years considered for this report:

Historical Years: 2017-2019

Base Year: 2020

Forecast Period: 2021-2027

Key Points Covered in Microneedling Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Microneedling, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Microneedling market.
  • Hospitals are expected to showcase higher demand for Microneedling on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Microneedling market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • Microneedling Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Microneedling market. It examines trends and factors influencing demand for Microneedling globally and gauges the impact of the same on the production.
  • Microneedling Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Microneedling across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Microneedling. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global Microneedling market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Microneedling are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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