Micro needling is based on the use of tiny needles to create micro channels (tiny holes) in the skin. The process stimulates your skin’s natural ability to heal itself and in the process produces collagen and elastin.
In the last several years, global market of Micro-needling Unit developed rapidly, with an average growth rate of 10%. In 2016, global revenue of Micro-needling Unit is nearly 29.47 M USD; the actual production is about 294.04 K Unit.
The classification of Micro-needling Unit includes manual type, automatic type, and the proportion of manual type in 2016 is about 92.52%, and the proportion is in decreasing trend from 2012 to 2016. Micro-needling Unit is widely used in commercial and household. The most proportion of Micro-needling Unit is household, and the sales in 2016 are 185.63 K Unit. The trend of commercial use is decreasing.
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Europe is the largest sales place, with a consumption market share nearly 37% % in 2016. Following Europe, USA is the second largest consumption place with the consumption market share of 27%.
Market competition is not intense. Edge Systems, Dermapen, Mcure, Weyergans High Care, Bomtech Electronics, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.