PUBLISHER: Orion Market Research | PRODUCT CODE: 1078069
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078069
Global Anti-Aging Market Size, Share and Trends Analysis Report by Demography (Age, Gender, and Income), by Industry (Skin Care Industry, Hair Care Industry, and Dental Care Industry), by Products (Anti-Wrinkle Products, Anti Pigmentation Products, UV Absorbers Products, and Hair Care Products), by Services (Abdominoplasty, Adult Acne Treatment, Ant Pigmentation Therapy, Liposuction Services, Chemical Peel, Breast Augmentation, Eye Lid Surgery, Sclerotherapy, and Hair Transplant) and by Devices (Radiofrequency Devices, Laser Aesthetics Devices, Anti-Cellulite Treatment Devices, and Microderm Abrasion Devices) Forecast Period (2022-2028)
The global anti-agingmarket is anticipated to grow at a substantial CAGR of 7.2% during the forecast period. Onlinestoresare likely to develop at a stellar rate in the coming years. This is due to a rising number of online stores, as well as a rising consumer preference for shopping online, which is supporting the global anti-aging market over the forecast period. The availability of various products supports online stores to expand their business.
The global anti-aging market is segmented based on the demography, industry, products, services, and devices. Based on the demography the market is segmented into age, gender, and income. Based on industry, the market is augmented into the skincare industry, hair care industry, and dental care industry. Based on products, the market is further segmented into the anti-wrinkle products, anti-pigmentation products, UV absorbers products, and hair care products, based on services, the market is again sub-segmented into the abdominoplasty, adult acne treatment, anti-pigmentation therapy, liposuction services, chemical peel, breast augmentation, eyelid surgery, sclerotherapy, and hair transplant. Based on devices, the market is augmented into radiofrequency devices, laser aesthetics devices, anti-cellulite treatment devices, and microdermabrasion devices. The above-mentioned segments can be customized as per the requirements.Among the devices, the laser aesthetics devices are expected to boost the segment growth over the forecast period. As the treatments are easier and tend to be shorter in duration than traditional surgical procedures. Less anesthesia is requiredin these cases, and procedures can often be done on an outpatient basis instead of requiring a hospital stay.
Geographically the global anti-agingmarket is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to be the fastest-growing region over the forecast period. The increasing health infrastructure along with expenditure by the government is fueling the growth of the market over the forecast. For instance, in 2020-21, the Ministry received an allocation of $8,667.39million. This is an increase of 3.9% over the revised estimates for 2019-20. Under the Ministry, the Department of Health and Family Welfare accounts for 97% of the Ministry's allocation, i.e.$8,396.17million. Whereas, the Department of Health Research is allocated $271.21million(3% of the allocation).
The major companies serving the global anti-agingmarket include Christian Dior SE, Ella Bache, Henkel AG & Co. KGaA, Johnson & Johnson Services, Inc., L'Oreal SA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, the startup company, LaMaria is the latest skin-care brand to launch in the anti-anti-aging movement. The brand's initial two products are its Carioca feminine moisturizer for $68 and Mineira phytoestrogen-infused facial moisturizer for $158.
Research Methodology
The market study of the global anti-agingmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Pharmaceuticals