The global
Anti Aging Industry Statistics is
likely to spur at a CAGR of 13.3% during the forecast period and expand
from the value of USD 124,896.6 million in 2023. This growth is primarily
attributable to the increasing elderly population coupled with desire to
look young and beautiful. Aging damages to the macromolecules, cells,
tissues and may result into epigenetic alterations, genomic instability,
loss of proteostasis, cellular senescence, mitochondrial dysfunction,
and stem cell exhaustion. In
addition to this, increasing influence of media or film industry in
daily life is boosting demand for the anti-aging drugs and services. In
order to cater to this demand, the key players are investing heavily for
development of more effective and less harmful drugs and treatments are
driving growth of the global anti-aging services market. Despite of
these factors, the high cost of surgical procedures or treatments and
risk of potential side effects of these treatments are some of the
factors that may hamper its adoption and resulting to slow growth of the
global anti-aging services market to some extent.
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Competitive Analysis:
Some
of the major companies in the global anti-aging services market include
Allergan Inc., Alma Lasers, Beiersdorf AG, Cutera Inc., Cynosure Inc.,
Elizabeth Arden, Estee Lauder Inc., Lumenis, Procter & Gamble, Solta
Medical Inc.
Segmentation:
The anti-aging services market is segmented on type of service, service provider, and region.
Based
on type of service, the market is segmented into breast augmentation,
microdermabrasion, liposuction, sclerotherapy, chemical peel, intense
pulsed light, dermal fillers, Botox treatment, and others. Among these,
the microdermabrasion segment held largest share in the global
anti-aging services market in 2017 and is estimated to remain larger
share holder in the coming years. This growth is attributable to the
wider acceptance of the procedure, better patient compliance, increasing
acceptance in different regions. Additionally, the better results are
estimated to remain as a trend in coming years, which is likely to
benefit the market growth.
By
the service providers, the market is segmented into dermatology
clinics, hospitals, salons, and others. Of these, the dermatology
clinics segment held larger share in the global market for anti-aging
services market in 2017 and is anticipated to account remain dominant in
the global anti-aging services market during the forecast period.
Regional Analysis:
Regionally, the anti-aging services market is segmented into the Americas,
Asia Pacific, Europe, and Middle East & Africa. Of these, the
Americas is likely to be most lucrative region in the global anti-aging
services market on the back of the well-established healthcare
infrastructure and high awareness toward the body aesthetics.
Additionally, the factors such as high disposable income coupled with
increasing acceptance of the anti-aging services especially in the U.S
are estimated to benefit the market growth in coming years. Furthermore,
the huge influence of fashion, beauty, and aesthetic services are
fueling growth of the global anti-aging services market in the region.
Europe
is estimated to hold the second largest share in the global anti-aging
services market owing to popularity of these services and increasing
geriatric population. However, the market in the Asia Pacific is
estimated to witness fastest growth during the predictable years owing
to increasing disposable income, beauty consciousness, and growing
demand for cost-effective anti-aging service in the region.
Additionally, increasing availability of these services along with
awareness about its benefits is fueling the market growth.
Industry News:
In
2019, ProMD Health has expanded in Arlington, after eight years of
success in Baltimore and Annapolis. These services are offering the
personalized medicinal approach to help patients look younger and feel
younger through complete suite of facial transformation, lifestyle
services, and hormone optimization therapy.
In
2019, ActivLayr introduced its advanced and easiest Nano-collagen under
eye firming masks, which are the most effortless way to treat signs of
aging around eyes. These masks help them to look younger and act as a
quickest anti-aging agent based on the bio-actives dermal delivery
system.
List of Figures
FIGURE 1 GLOBAL ANTI-AGEING DRUGS MARKET BY DRUG CLASS MARKET SHARE, 2020 (%) 11
FIGURE 2 GLOBAL ANTI-AGEING DRUGS MARKET BY APPLICATIONS MARKET SHARE, 2020 (%) 11
FIGURE 3 GLOBAL ANTI-AGEING DRUGS MARKET BY REGION MARKET SHARE, 2020 (%) 12
FIGURE 4 GLOBAL ANTI-AGING DRUGS MARKET: MARKET STRUCTURE 14
FIGURE 5 RESEARCH PROCESS OF MRFR 15
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