The Europe Anti-Aging Market was worth $72.5 billion in 2016 and estimated to be growing at a CAGR of 5.52%, to reach $94.84 billion by 2021. Anti-aging market has been rising at a fast rate in Europe region due to the increasing awareness among female as well as male population.
The demand for restoring younger looks by repairing aging skin has given the world of beauty a novel way for growth. For numerous cosmetologists and health care professionals, budding anti-aging solutions has become a mission in terms of delivering effectual products and earning huge revenues.
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The increasing awareness among the overall population to hold younger looking skin, hard-line marketing campaigns, and rising interest in a health and beauty regimen are driving the anti-aging products, services, and devices market in Europe. Dominance of market is mainly due to high awareness and accessibility of large variety of anti-wrinkle products at reasonable cost in Europe. Few side effects associated with the products is acting as a restrain for this market.
The Europe Anti-Aging market is segmented on the basis of demographics into Baby Boomers, Generation X and Generation Y. On the basis of products the market is divided among UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Marks Products, Natural Products and Hair Colour. Based on services the market is bifurcated into Anti-Pigmentation Therapy, Adult Acne Therapy, Breast Augmentation, Liposuction Services, Abdominoplasty, Chemical Peel, Eye-Lid Surgery, Hair Restoration and Sclerotherapy. By devices, the segmentation is among Anti-Cellulite Treatment Devices, Microderm Abrasion Devices, Laser Aesthetic Devices and Radiofrequency Devices. Baby boomer and generation X are considered as the majority informed and cost-effective customer group for anti-aging market.
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Based on geography the market is analysed under various countries namely, Germany, U.K., France, Italy and Spain.
The key players dominating the anti-aging market include Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc. Opportunity for new products, services or devices are high as the market consists of recognized players and their brands.
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