Beauty Dermabrasion Equipment Market to Score Past $400.6 Million Valuation by 2027, Owing to Increasing Adoption of Dermabrasion Procedures
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According to Global Beauty Dermabrasion Equipment Market Report, by Product Type (Diamond Tip and Wire Brush), By Application (Skin Rejuvenation, Acne Scars, Traumatic & Surgical Scars, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), published by Coherent Market Insights, the global beauty dermabrasion market was valued at US$ 262.8 million in 2018 and is expected to exhibit a CAGR of 4.8% over the forecast period (2019-2027).
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Increasing adoption of dermabrasion procedures is expected to propel growth of the global beauty dermabrasion market over the forecast period. For instance, according to the American Society for Aesthetic Plastic Surgery (ASAPS), 88,182 and 87,216 dermabrasion procedures in the U.S. in 2016 and 2015, respectively.
Among regions, Asia Pacific is expected to witness significant growth in the global beauty dermabrasion equipment market over the forecast period. This is attributed to increasing inorganic growth strategies adopted by market players in the region. For instance, in October 2018, Synreon Candela, a subsidiary of Syneron Medical Ltd. inaugurated new headquarters in South Korea.
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Among product type, diamond tip segment accounted for the largest market share in the global beauty dermabrasion equipment market in 2018. This is attributed to launch of new products in the segment. For instance, in May 2011, Syneron Medical Ltd. launched ePrime and GentleLASE(R) Pro at the World Congress of Dermatology in Israel.
Among applications, skin rejuvenation segment accounted for the largest market share in the global beauty dermabrasion equipment market in 2018. This is owing to increasing adoption of skin rejuvenation. For instance, according to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2016, the number of total skin rejuvenation increased from 2,562,009 in 2015 to 2,821,221 in 2016.
Major players in the market are focused on adopting expansion strategies to enhance their market share. For instance, in February 2019, Alma Laser ltd. extended a new innovation center in Caesarea Industry Park in Israel. The new innovation center is around 11,000 m². This center supports in increasing production of aesthetic products of Alma Lasers Ltd.
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Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in September 2018, Aurobindo Pharma, a pharmaceutical company based in India, acquired the business unit, dermatology and oral solid from Sandoz Inc, a subsidiary of Novartis. In February 2014, PhotoMedex, Inc. signed an agreement to acquire LCA-Vision, a provider of laser vision correction services. The agreement is signed for US$ 106 million which makes US$ 5.37 per share.
Key Takeaways:
- The global beauty dermabrasion equipment market is expected to exhibit a CAGR of 4.8% over the forecast period
- Major players operating in the global beauty dermabrasion equipment market include Syneron Medical Ltd., Photomedex, Inc., Alma Lasers Ltd., The HydraFacial Company (EDGE SYSTEM LLC.), RUIXI Aesthetic. Equipment Co., Limited, and PMT Corporation.
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