Global Dissolving Microneedle Market Poised to Surge, Projected to Hit USD 118.5 Million by 2034

The global dissolving microneedle market value is expected to rise from USD 47.2 million in 2024 to USD 118.5 million by 2034. This estimated growth is expected to be driven by a promising CAGR of 9.60% in the dissolving microneedle industry over the next decade.

Surging demand for dissolving microneedles to painlessly penetrate and deliver the actives below the skin’s surface is propelling the market growth. Similar products have been cropping up in the market, typically in the acne care category. Thus appreciating the market’s value. Research is underway to realize the full potential of dissolving microneedles. In return, more microneedle skin care products are anticipated to be commercialized.  Furthermore, as additional evidence for the effectiveness of dissolving microneedles emerges for different health concerns, manufacturers are predicted to harness the technology to address and correct them.

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“Key players are focused on improving the functionality of dissolving microneedles to efficiently and painlessly administer dosages among the needle-phobic population. As demand for these needles is catching up in emerging countries, the key players are predicted to expand their operations in these locations, besides their operations in developed countries,” says an analyst of Future Market Insights.

Key Takeaways: Dissolving Microneedle Market Insights

• United States Leading the Charge:

The U.S. dissolving microneedle market is forecasted to grow at a CAGR of 9.6% through 2034, driven by rising cosmetic treatment demand, increasing skin diseases, technological advancements, and strong R&D investments.

• Germany Emerging as a Strong European Contender:

With an impressive 14.1% CAGR, Germany is embracing dissolving microneedles for enhanced drug delivery, vaccine administration, and diagnostics, supported by a robust healthcare infrastructure and aging population.

• United Kingdom Sees Rapid Uptake:

The UK market is projected to expand at 12.8% CAGR, fueled by the microneedles’ versatility in transdermal drug delivery and rising partnerships among key players.

• China Tapping into Modern Therapeutics:

China’s market is growing at 10.7% CAGR, with increasing usage in both clinical and aesthetic applications, driven by consumer preference for innovative treatment methods.

• Japan’s Market Strengthened by Commercialization:

Japan’s dissolving microneedle market is set to grow at a CAGR of 10.2%, aided by rising commercialization efforts, a high prevalence of skin disorders, and demand for advanced dermal patches.

• Wrinkle Treatment Dominates Application:

Wrinkle treatment holds a dominant 85.3% market share in 2024, backed by rising consumer interest in anti-aging solutions and the proven efficacy of microneedles in stimulating elastin and collagen production.

• Online Stores Lead Distribution Channels:

Accounting for 41.0% of the market share in 2024, online platforms are preferred for their convenience, privacy, and transparent offerings, especially among consumers seeking cosmetic treatments.

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Competitive Landscape

Key players are developing and launching new products to enhance their product portfolio. They are further building strategic partnerships and strengthening their distribution channel to deepen their penetration.

Leading companies are investing in brand awareness campaigns to reach the target customers. By marketing the unique selling points of their microneedle technology, players are expected to increase their loyal customers. Additionally, players are acquiring and merging with complementary businesses to increase their visibility among potential clients.

Recent Developments in the Dissolving Microneedle Market

• In 2024, CD Formulation, a provider of contract pharmaceutical formulation development services, announced the launch of its dissolving microneedle preparation services. This innovative advancement in drug delivery technology is set to transform the healthcare industry by improving efficiency and enhancing patient comfort.
• In February 2022, Raphas Co., Ltd. entered into a strategic research partnership with Johnson & Johnson to advance skin health solutions. The collaboration focuses on the exclusive development and application of microneedle particles made with Raphas’ patented Droplet Extension (DEN) technology for use in skincare products.

Key Dissolving Microneedle Manufacturers

• CosMED Pharmaceutical Co.Ltd.
• Micron Biomedical, Inc.
• Raphas Co., Ltd
• Nissha Co., Ltd
• Micropoint Technologies
• Small Lab
• Vice Reversa
• NINGBO CHIMED TECHNOLOGY CO., LTD
• Vaxess Technologies, Inc.
• QuadMedicine

Key Segments in the Dissolving Microneedle Market Report

By Application:

• Wrinkle Treatment
• Acne Treatment

By Distribution Channel:

• Retail Stores
• Supermarkets and Hypermarkets
• Online Stores
• Aesthetic/Cosmetic Clinics

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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