Market Research Report
Anti-Aging Market by Product, by Device, by Treatment, by Demography, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2025
|Published by||Prescient & Strategic Intelligence Private Limited||Product code||719419|
|Published||Content info||225 Pages
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|Anti-Aging Market by Product, by Device, by Treatment, by Demography, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2025|
|Published: September 1, 2018||Content info: 225 Pages||
Anti-aging market is forecasted to generate a revenue of $303.2 billion by 2025, the market is mainly driven by growing geriatric population, rise in technological advancements, growing medical tourism industry, and increasing volume of anti-aging cosmetic procedures.
The different types of products available in the anti-aging market are anti-wrinkle, hair color, UV absorbers, anti-stretch marks and other products. The demand for anti-wrinkle products is expected to observe fastest growth, witnessing a CAGR of 8.4% during the forecast period. The growth is mainly driven by the increasing adoption of different types of dermal fillers and Botox injection for the treatment of wrinkles.
On the basis of device, the anti-aging market is segmented into radiofrequency, laser, anti-cellulite, microdermabrasion and other devices. Radiofrequency devices held the largest share of, 40.5%, in the global market in 2017. These devices have been gaining popularity mainly due to the various benefits offered by these devices. Advantages of radiofrequency devices, such as skin tightening, aesthetic enhancement, cellulite reduction, and body contouring, have increased their adoption rate among consumers.
Among the various treatments, anti-aging products and devices were most commonly used for hair restoration treatments, with 27.4% share in 2017, demonstrating a CAGR of 8.6% during the forecast period. Rising prevalence of hair loss and androgenetic alopecia; and growing appearance consciousness are the major factors contributing to the largest share of this category.
During the forecast period, anti-aging market in APAC is expected to witness fastest growth, due to increasing medical tourism; growing aging population; increasing number of cosmetic procedures; and rising number of conferences and seminars to raise awareness among the consumers. According to The International Society of Aesthetic Plastic Surgery (ISAPS), Japan and India were among the top 10 countries for cosmetic procedures in 2016. With the increasing number of cosmetic procedures, the demand for anti-aging products and devices is expected to increase in the coming years.
With the growing aging population and rising appearance consciousness among the aged population, number of cosmetic surgical procedures has been continuously increasing across the world. Aged women are more concerned about their facial appearance and therefore opt for various cosmetic procedures, such as Botox, dermal fillers, chemical peels, and facelift, which in turn lead to rise in the demand of cosmetic procedures. For instance, according to the ISAPS, 8,548,597 injectables procedure, such as Botox, and dermal fillers, were performed in 2016, globally.
Major key players in the global anti-aging market are acquiring other aesthetic based manufacturers to expand their product portfolio for different type of skin conditions. For instance, in September 2018, Syneron Medical Ltd. acquired Ellipse A/S, a Danish medical device company that manufactures and markets laser based and intense pulse light (IPL) platforms for different types of medical and aesthetic skin treatments. This acquisition will help Syneron Medical Ltd. to strengthen its footprints in multi-application space and provide customers a comprehensive product portfolio.
In March 2017, Hologic Inc. acquired Cynosure Inc. for $66 per share in cash. Cynosure Inc. manufactures light-based aesthetic and medical systems. With this acquisition, Hologic Inc. aimed to enter into medical aesthetic market, which is expected to boost the growth of the company in the coming years.
Some of the other key players operating in the anti-aging market are The Procter and Gamble Company, Nu Skin Enterprises Inc., Lumenis Ltd., Home Skinovations Ltd., Allergan plc, The Estee Lauder Companies Inc., Coty Inc., L'Oreal S.A., Orlane S.A., Age Sciences Inc., and Alma Lasers GMBH.