The North America Anti-Aging Market was worth $87.5 billion in 2016 and estimated to be growing at a CAGR of 5.24%, to reach $112.96 billion by 2021. North America is expected to have a leading share in the global market.
Advanced technology and positive market trends place age controlling at the forefront of the anti-aging industry. The strong need of consumers to look and feel healthy as their age fuels the business potential for both current and future new Skin distributors.
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The North America anti-aging market has been flourishing as the products and services it offers come with a promise of reversing the signs of aging. The success of the market is hinged on the opportunity of therapies accessible in this market can restore the youthful glow and radiant skin. The rising geriatric population is the major consumer base of the anti-aging market in both developing as well as developed countries.
The North America 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, USA and Canada. USA is dominating the anti-aging market in North America region followed by Canada.
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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