Anti-Aging Market Forecast (2021-2026)

 Anti-Aging market size was valued at $45,037 million in 2020, and is anticipated to grow at a CAGR of 5.2% during the forecast period 2021-2026. The anti-aging industry growth rate is attributed to the advancements in anti-aging products coupled with improved efficiency have resulted in the expansion of more improved and radical anti-aging products and is anticipated bringing new opportunities. 


Download Report Sample

Anti-aging involves the procedure of preventing or delaying these shifts by the use of wide range of products consisting of anti-wrinkle, anti-pigmentation, etc. These are widely used to so that ageing can be reversed or slowed down. Moreover, they are generating great demand nowadays owing to the necessity of a good physical personality, which in turn, regulates a person's performance in various aspects of life. 

Apart from this, anti-aging products benefits the skin in multiple ways, as these products are manufactured with the potential of making the user look younger by reducing, masking or preventing various signs of aging, which is indeed playing a vital role in the development and production of these products. 

Recent study conducted by the International Society of Plastic Surgery (ISPAS) in 2019 stated that, a total of 1,582,296 individuals aged 51-64 years underwent botulinum toxin procedures globally in 2019 which in turn supports the fact that there is a high growing consciousness among geriatric consumers regarding their physical appearance that has fostered the demand for anti-aging products and therapies. However, high cost of anti-aging products are among the major factors obstructing market development during the forecast period 2021-2026.

Inquiry Before Buying

Report Coverage

The report: “Anti-Aging Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Anti-Aging market:
By Product Type: Anti-Wrinkle Products, Anti-Pigmentation Products, Hair Care Products and Others.
By Device Types: Microdermabrasion Devices and Aesthetic Energy Devices.
By Industry: Skin Care Industry, Hair Care Industry and Dental Care Industry.
By Treatment Type: Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel and Others.
By Demographics: Generation X, Baby Boomers, Generation Y.
By End-Users:    Hospitals, Specialty Clinics and Home Healthcare.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).

Key Takeaways

  • The factors such as rise in aging population and increase in awareness regarding various anti-ageing therapies are amongst the major factor projected to impel growth of Anti-Aging market.
  • Additionally, factors such as advancements in anti-aging products coupled with improved efficiency have resulted in the expansion of more improved and radical anti-aging products are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

Anti-Aging Market Segment Analysis - By Product Type

In 2020, on the basis of product type, generation X segment accounted for the largest segmental revenue of the anti-aging market. The generation X held the largest market on account of the fact that these generation people laid emphasis on their physical appearance and the increased disposable incomes of the generation X is attributed to supplement the segment development.

On the contrary, generation Y segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 6.80% since this demographic group comprises mostly of customers who are acquainted to the use of well-known premium brands such as Estée Lauder and Elizabeth Arden that has been on the upswing amongst the millennial generation is anticipated to fuel the sector growth in the product type segment during the forecast period 2021-2026.

Anti-Aging Market Segment Analysis - By End Users

On the basis of end users, hospitals segment accounted for the largest segmental revenue of the anti-aging market in 2020. The large share can be attributed to the introduction of mostly used advanced therapies coupled with the fact that they serve as primary centers for treatment and diagnosis of multiple anti-ageing treatments. The global rise in the number of geriatric population and an increasing number of diagnostic & screening tests are anticipated to positively affect market growth during the forecast period 2021-2026.

On the other hand, home healthcare segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 6.50%. The home healthcare uses witness a healthy growth owing to consumer awareness regarding personal hygiene coupled with willingness to spend more on luxury convenience products which has been driving the sale of the home healthcare products across the globe. Apart from this, there has been a continuous advancement in the e-commerce industry that is driving the online sale of these products across the globe as cosmetics products are one of the most popular items bought through e-commerce which is also anticipated to offer significant growth for the research institutes segments during the forecast period 2021-2026.

Anti-Aging Market Segment Analysis - By Geography

North America is the major region dominating the anti-aging market with a market share of 33.89% in the year 2020. This can be attributed to the fact that the presence of well-established infrastructure, key market players, and increasing average life expectancy and the median age in the region. Apart from this, there is a rise in number of plastics surgeries in North America, which is to raise the demand for anti-aging products, thereby is anticipated to fuel the North American market growth during the forecast period 2021-2026. 

Furthermore, according to the World Population Ageing report 2019, by the UN, the number of people aged 65 years or above is projected to surge up from 59.9 million in 2019 to 96.2 million by 2050. This rise in the  geriatric population is to increase the demand for various types of anti-aging products, devices, and treatments, which further fuels the regional market.

However, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 as the growing investment by developers and the availability of a wide range of innovative products is poised to raise revenue produced by the region's developing economies. Several countries such as India and China have large number of geriatric population with a high prevalence of various age-related aesthetic conditions which is poised to propell the market growth throughout the Anti-Aging market forecast period 2021-2026.

Anti-Aging Market Drivers

Rapid Increase in Geriatric Population

The anti-aging market is poised to receive upswing owing to the rising geriatric population coupled with the development of new technologies and production facilities of anti-aging products that has resulted in a rise in overall volume of anti-aging cosmetic procedures. Furthermore, according to a recent study conducted by WHO, it estimated that by 2050, there will be approximately 2 billion people over the age of 60 years, with 80% of them living in developing countries, and the anti-aging medicine with determination to slow, stop, or reverses the aging process and its associated effects is poised to be one of the primary factors driving market development.

Anti-Aging Market Challenges

High Cost Of Anti-Aging Products And Stringent Rules

One of the major factors restricting the acceptance and use of anti-aging procedures in many countries around the world is owing to high cost of anti-aging products that are obstructing market development during the forecast period 2021-2026. Moreover, stringent rules and regulations by the government in approving the new products are fluctuating the prices of raw materials and thereby, the final product prices. Besides that, various countries are now focusing on the economic and health risks posed by COVID-19 as a result of the continuing pandemic. As a result of this problem, the world have been suffering negative effect anti-aging product supplies globally, which have slowed the anti-aging market's growth temporarily.

Anti-Aging Market Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Anti-Aging market. In 2020, Anti-Aging market share is fragmented by the top ten players present in the market. The Anti-Aging market top 10 companies are Cynosure; Lumenis; Solta Medical, Inc.; Procter & Gamble; Estee Lauder, Inc., Acorda Therapeutics, Allergan, Inc., Alma Lasers, Beiersdorf AG, Biotime, Inc., PhotoMedex, Inc., Solta Medical and others.

Acquisitions/Product Launches

  • In March 2020, Lumenis Ltd. launched Stellar M22, which is the next generation of multi-application platforms for skincare. It includes an improved user interface with a larger screen that enables a faster treatment and more comfortable consultation process from a distance.

Buy Now


For more Lifesciences and Healthcare related reports, please click here

Comments

Post a Comment

Popular posts from this blog

Inflammatory Bowel Disease Market Forecast (2022-2027)

Image
  Inflammatory Bowel Disease Market Size is estimated to reach   $26.3 billion   by 2027 and is poised to grow at a   CAGR of 5.9%   over the forecast period of 2022-2027. Inflammatory bowel disease (IBD) is an umbrella term used to describe disorders that involve chronic inflammation of the digestive tract. It includes ulcerative colitis, a condition in which inflammation and soreness of the superficial lining of the rectum and colon, and in Crohns disease affect any part of the gastrointestinal tract. The cause of IBD is unknown, but it mostly occurred after weaken immunity power. Some agent or combination of agents such as bacteria, viruses, and antigens are considered as responsible to trigger the immune system, and causing inflammation. The common symptoms of IBD are abdominal pain, weight loss, persistent diarrhea, rectal bleeding, and fatigue. To treat such disease medication with amino-salicylates, immunomodulators,   antibiotics , corticosteroids, ...
Read more

Narcolepsy Market - Forecast(2022 - 2027)

  Narcolepsy Market size is estimated to be $2.68 billion in 2019, growing at a CAGR of 10.4% during the forecast period 2020-2025.Increasing obese population and rising prevalence of narcolepsy is a major factor driving the narcolepsy market during the forecast period 2020-2025.Futhermore, narcolepsy is a lifelong nervous system disorder that effect a person quality of life. Moreover, according to the Narcolepsy Network narcolepsy affected an estimated 1 in every 2000 people in the U.S. That’s 2000,000 Americans and approximately 3 million worldwide. Furthermore, people suffering from narcolepsy frequently enter into cataplexy and REM sleep within every 15 minutes of falling asleep, thereby driving the demand of proper narcolepsy treatment which in turn is boosting the narcolepsy market. In addition sleep apnea symptoms are similar to narcolepsy and patients go through excessive daytime sleepiness (EDS) thereby raising the demand of narcolepsy treatment. Request Sample Report Cov...
Read more

Plant Growth Regulators Market - Forecast(2022 - 2027)

Global Plant growth regulator market is valued $1,550 million in the year 2017 and is expected to grow at a CAGR of 4.6% from 2018 to 2023. The market is growing steadily due to wide adoption of ethylene across groups. Cytokinins is having the highest market share in the year 2017 and is followed by Ethylene which is valued $448.5 million and $386.2 million respectively in the year 2017 and is anticipated to grow with a CAGR of 4.6% and 5.9% from the year 2018 to 2023. Request Sample What is plant growth regulator?Plant growth regulators are the synthetic or natural chemicals that are responsible in controlling the growth and development of the plant. Natural plant growth regulators are produced with in specific parts of plants in minimal qualities and migrate to other parts, manipulating several physiological functions to regulate the plant’s growth such as promoting plant cell division and cell expansion, leaf expansion, retarding senescence of the leaves, ripening of fruits & v...
Read more