Global Microneedling Market By Type (Laser and RF), By Product (Derma-Stamp, Dermapen, and Dermarollers), By Needle Material (Silicon, Metal, and Glass Hollow) By Application (Skin Rejuvenation, Acne Scar, and Traumatic and Surgical Scars) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Market Overview

The global microneedling market size is expected to be worth around USD 35.3 billion by 2033, from USD 10.3 billion in 2023, growing at a CAGR of 13.1% during the forecast period from 2023 to 2033.

Market growth will be driven by growing aesthetic consciousness, a growing geriatric population, and awareness about the effectiveness of microneedling treatments. You can also find more home-based microneedling products.

Microneedling is considered a somewhat invasive procedure. The procedure involves micro-puncturing the epidermis using a derma pen. This technique’s primary purpose is to cause superficial trauma to the skin to activate the skin’s healing mechanisms and increase the production of collagen.

Key Takeaways

• Market Growth Projections: Market Size: The microneedling market is expected to reach around USD 35.3 billion by 2033. CAGR: The anticipated growth rate stands at 13.1% between 2023 and 2033.
• Drivers: Increased aesthetic consciousness, aging population, and rising awareness regarding microneedling’s efficacy are fueling market growth.
• Restraints: Patience is key as noticeable results might take up to six weeks and multiple sessions might be needed.
• Opportunities: Microneedling aids in skin rejuvenation, combatting aging signs, and boosting skin’s natural radiance.
• Type Analysis: RF-type microneedling holds the highest revenue share and is projected to continue growing rapidly.
• Product Analysis: Dermapen dominates in revenue, while derma rollers find popularity due to affordability and home-use convenience.
• Application Analysis: Skin rejuvenation remains the most profitable segment, showing promising growth rates.Geopolitical and Recession Impact: Geopolitical factors and economic downturns influence supply chains and consumer spending, impacting microneedling market dynamics. Microneedling demonstrates resilience during economic challenges, driven by cost-effective alternatives and the quest for anti-aging solutions.
• Regional Analysis: North America leads the market, attributed to rising cosmetic procedures and advanced healthcare facilities. Asia Pacific emerges as the fastest-growing market due to increased demand for anti-aging treatments and rising disposable incomes.
• Key Players and Developments: Major players engage in mergers, product launches, and strategic collaborations to diversify offerings and maintain market share. Technological advancements, such as the introduction of Potenza Microfrequency microneedling tools, drive market competitiveness.

Type analysis

In 2023, the highest revenue share was held by the RF-type segment at 61%. It is expected that it will continue to be the highest-earning sector, with the fastest CAGR during the forecast period. It is possible to treat other parts of the body with microneedling and radiofrequency. Radiofrequency microneedling uses needle-like instruments that are insulated to penetrate the skin and release radiofrequency energy to the epidermis. It causes no bleeding and does not cause scarring.

RF microneedling has been widely accepted because it does not cause any damage to the epidermis. According to type, there are two segments in the market: RF microneedling (laser) and RF microneedling (RF microneedling). The laser microneedling techniques are still being developed. It is a combination treatment of laser and microneedling. NCBI states that there was significant improvement in the appearance of a postburn scar when it was treated using a mixture of laser and microneedling.

Product analysis

Segmentation is based on the product. Dermapen was the most valuable company in terms of revenue, accounting for more than 38.7% by 2021. They will continue to dominate the global market during the forecast period. You can find dermatology clinics that carry Dermapen devices. According to the American Academy of Dermatology Association, microneedling in the office with dermapen equipped with RF produces better results.

The ease of ordering products online has made dermaroller a popular product. You can use them at home with a combination of top-quality serums. It is smaller than the office microneedling device (0.2 to 0.3 mm), so it delivers fewer results. However, it is the most affordable option, at less than 60 bucks, and is being widely adopted.

Application Analysis

In 2023, skin rejuvenation was the most profitable segment. It had a revenue share higher than 40%. This segment also shows the highest CAGR. It’s estimated to be between 223 and 232. These are some of the most frequently performed minimally invasive procedures in the world. Based on the application of these procedures, the market can be further divided into skin scarring (skin rejuvenation), traumatic and surgical scars, and skin scarring.

ISAPS reported the U.S. was responsible for 26.7%, or 26% of the total non-surgical market. This market will grow in the future due to increased awareness of beauty and aesthetic procedures, as well as increased consciousness regarding appearance.

Needle Material Analysis

The largest revenue share was held by metals at 43%. They will also be the fastest-growing segment during the forecast period. This is due to the strength and durability of metals that are less likely than silicon to fracture, making them more suitable for microneedle devices.

They are also very mechanically sound and biocompatible, which will help drive segment growth over the forecast period. Most microneedling devices such as dermapen or Dermarollers, use metal material. The market can be divided into silicon hollow microneedles (or metal), based on the material used.

Кеу Маrkеt Ѕеgmеntѕ

By Type

• Laser
• RF

By Product

• Dermapen
• Dermarollers
• Derma-Stamp

By Needle Material

• Silicon
• Glass Hollow
• Metal

By Application

• Acne Scar
• Traumatic & Surgical Scars
• Skin Rejuvenation
• Other Applications

Drivers

Who wants to look older than they are, right? Those fine lines and wrinkles can be a bummer. But microneedling works some magic there. It kind of nudges your skin to make more collagen and elastin, which are like the building blocks that keep your skin young and bouncy. Plus, it helps heal your skin, making those lines on your forehead and around your eyes way less noticeable.

And hey, if you’ve been out in the sun a bit too much and got those brown spots, microneedling’s got your back. It can sort out sun damage by getting your skin to make new cells and collagen, giving you a more even skin tone.

Restraints

You’ve gotta be a little patient with microneedling—it doesn’t show results overnight. It might take up to six weeks for you to notice the changes. And here’s the thing: for most folks, it’s not a one-time deal. You might need a couple of sessions, spaced around 4-6 weeks apart, to see the results you’re after. Some people even go for 4-5 sessions in total. So, all in all, it might take a few months to really see all the benefits of microneedling.

Opportunities

Technology’s got some tricks up its sleeve for fighting aging. It’s not just about wrinkles—aging skin can get dull and lose its natural glow. But microneedling steps in to save the day. It encourages your skin to make more collagen, which helps tighten things up and fight sagging. After a session, your skin can look way fresher and radiant, giving off that healthy glow.

Geopolitical and Recession Impact Analysis

When considering the microneedling market, it’s essential to understand the various factors influencing its trajectory. Geopolitical dynamics and economic recessions play significant roles in shaping this industry.

Geopolitical factors, such as trade policies and global alliances, exert a direct influence on the microneedling market. Recent tensions and trade disputes have introduced uncertainties, impacting supply chains. This affects the availability and pricing of raw materials critical to microneedling devices and solutions. As the industry heavily relies on global sourcing, shifts in geopolitical landscapes necessitate agile supply chain strategies and vigilance over international relations.

Furthermore, economic downturns can significantly affect this market. Microneedling, often utilized in the cosmetic and dermatological sectors, can experience fluctuations in demand during recessions. Reductions in consumer spending and a slowdown in healthcare and wellness expenditures can directly impact the adoption of microneedling procedures.

Yet, amidst economic challenges, microneedling displays resilience. The quest for cost-effective alternatives to traditional cosmetic procedures during financial constraints often boosts the adoption of minimally invasive treatments like microneedling. Moreover, the continual pursuit of skin rejuvenation and anti-aging solutions supports market stability.

To thrive in this landscape, businesses in the microneedling market must diversify their client base across industries and regions. Additionally, closely monitoring geopolitical shifts and investing in research and development for innovative, cost-effective solutions becomes imperative. While geopolitical tensions and economic recessions pose genuine risks, the adaptability and innovation within the microneedling industry offer avenues for resilience and potential growth, even in challenging times.

Regional Analysis

North America dominated the market with a 42.3% share in 2021. The North American market will grow steadily at a constant CAGR of 2023-2032. The U.S. was the dominant market player in North America’s regional markets. North America is experiencing a rise in cosmetic procedures. Regional market growth is also driven by the presence of highly skilled professionals and advanced healthcare facilities.

The Asia Pacific is projected to be the fastest-growing market region over the forecast period. The Asia Pacific is experiencing a surge in demand for anti-aging treatment. There has also been a rise in the standard and disposable income levels of consumers in emerging nations. This has boosted the region’s market growth. Additionally, there are many cosmetic procedures performed in the region due to the high demand for skilled professionals, advanced treatments, and low prices.

Key Regions and Countries

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Players Analysis

Technological advancements and rapid adoption for advanced treatment methods are the main factors that influence competition. In order to keep market shares and diversify product ranges, the major players often engage in mergers & acquisitions.

As they continue to focus on product launches and strategic collaborations, geographic expansion, and strategic collaborations with other key players, the competition between them will heat up. Cynosure launched its Potenza Microfrequency micro needling tool in February 2020.

This device will expand the company’s skin revitalization portfolio. Here are some of the top companies in the global market for micro-needling:

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• Lumenis
• Cutera
• Cynosure
• Endymed Medical
• Candela Medical
• Dermaconcepts
• Eclipse Aesthetics
• Dermaquip
• Lutronic
• Other Key Players

Recent Development

On 24 May 2022, Crown Laboratories announced to acquisition of aesthetic-focused assets of Eclipse Medcorp, LLC. The product portfolio of the former company will expand to offer dermatological and aesthetic medicinal services and products to customers and will consequently increase the customer base. Integration of the latter company with Crown Laboratories is expected to merge the product offerings of both companies to enlarge retail and commercial footprint while providing optimized services to pre-existing customers.

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