The latest niche market study “Global Anti-Aging Market Dynamics, Application Share, Growth, Vendor Competition, Trends and Forecast 2018-2025” published at AdroitMarketResearch.com
The anti-aging market size was valued at $xx Billion in 2015 and is expected to reach $xx Billion with a steady CAGR of xx% over the forecast period. New technologies have introduced new anti-aging products and treatments, which is driving the market growth of global anti-aging devices, products and services. Increase in awareness about side effects of sedentary routine, aging signs and obesity are responsible for the growth of the anti-aging market globally.
Aging occurs due to various biochemical processes in the body that affects the body both externally and internally. This results in degeneration of body that affects fitness, health and beauty. The anti-aging market has changed over the years and recent technology has participated by developing various devices, services and products. Anti-aging products are used in a large amount as they are comparatively cost effective and easily available than devices and services. The strict regulations and technological advancements helped the market to regain the belief and trust of the consumer resulting in the progress of the anti-aging industry.
Increasing Demand for Skincare Products
The natural products segment is anticipated to experience the highest growth because of the side effects related to chemical-based cosmetic products. Factors that drive the global anti-aging industry are strict regulations, a rise in demand for anti-aging products, growth in aging population and increase in therapeutic tourism for the cosmetic process. In addition, these factors have introduced efficient and safe anti-aging services and devices in the market. On the basis of products, the market has been divided into hair color, anti-wrinkle, anti-stretch marks, UV absorbers and many more. Anti-wrinkle products hold the largest share of the market, as wrinkles are the most notable signs of aging and these products help in reducing wrinkles.
Various services such as adult acne therapy, anti-pigmentation therapy, liposuction services, breast augmentation, chemical peeling, abdominoplasty, eyelid surgery, aesthetic surgery, sclerotherapy and hair restoration have been developed in anti-aging market. Hair restoration treatment holds the largest market share which is estimated to rapidly grow the market over the forecast period. Nowadays, hair transplantation procedures are increasing globally. In a chemical peel, an acid such as lactic acid, trichloroacetic acid, and the glycolic acid solution is placed on the skin to lift away smooth fine lines and discoloration. Trichloroacetic acid (TCA) is strong and reduces wrinkles and erases pigmentation.
Aesthetic Plastic Surgery has become a new trend in Anti-Aging Market
Aesthetic is a new trend which has covered a maximum portion of the market. As per research, in 2014, Americans spent approximately $13 million on aesthetics and almost 50,000 cosmetic procedures were performed in the United Kingdom. On the other hand, factors like strict regulatory environments are making consumers pessimist about the global anti-aging market which is restricting the growth of the market.
Numerous devices such as Microderm Abrasion Devices, Radiofrequency Devices, Anti-Cellulite Treatment Devices, and Laser Aesthetic Devices have captured the growing market of anti-aging. Radiofrequency devices hold the largest market share in anti-aging, as it offers advantages such as aesthetic enhancement, body contouring, skin tightening and cellulite.
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Cellulite treatments increasingly accepted in the anti-aging market
In Europe and U.S, cellulite reduction is a widely accepted anti-aging procedures. Cellulite treatment is widely observed in audience between 30-50 years of age, followed by anti-aging patients aged between 51-65 years. Cellulite is a common problem, affecting greater than 90% of female. Rising awareness amongst the population to keep up beauty and health is an essential factor for the growth of safe anti-cellulite treatment devices. Other anti-aging fat reducing procedures such as Vaser Shape, Liposonix and CoolSculpting are widely used. Increase in awareness regarding beauty and health are the factors that drive the growth of anti-aging market globally.
Geographically, regions involved in the development of anti-aging market are Europe, Asia Pacific, Latin America, Middle East & Africa and North America. North America is the prime region which drives the growth of the anti-aging market share. Latin America and the Asia Pacific are anticipated to experience growth in this market. Rising population of these regions and consciousness about aging in men and women have made future attractive markets for anti-aging devices and products.
Companies which are focusing on the development of anti-aging market size are L’Oreal SA, Allergan Inc., Personal Microderm Coty Inc, Cynosure Inc, Photomedex Inc, Alma Lasers Ltd, Solta Medical Inc, and Beiersdorf AG.
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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