Due to unprecedented outbreak of COVID-19, sales of anti-ageing products, services and devices dived by 1.3% during the FQ-21. Growth also was affected by disruption in supply chain and halt in production activities.
However, growth prospects are expected to remain positive in response as focus on remaining youthful and young is gaining precedence among millennials and baby boomers. North America market is expected to reach the total revenue of approx. US$ 53,987.4 Mn by the end of 2021.
Anti-Ageing Products Services and Devices Market Snapshot
Demand for anti-ageing products, services and devices is set to rise at over 5.20% CAGR between 2021 and 2031. Increasing demand for non-invasive procedures such as anti-wrinkle chemical peel and others will propel market growth.
Due to unprecedented outbreak of COVID-19, sales of anti-ageing products, services and devices dived by 1.3% during the FQ-21. Growth also was affected by disruption in supply chain and halt in production activities.
However, growth prospects are expected to remain positive in response as focus on remaining youthful and young is gaining precedence among millennials and baby boomers. North America market is expected to reach the total revenue of approx. US$ 53,987.4 Mn by the end of 2021.
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Key Points Covered in Anti-ageing Products Services and Devices Market Study
- Market estimates and forecast 2021-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Anti-ageing Products Services And Devices Market and How to Navigate
- Recommendation on Key Winning Strategies
Anti-Ageing Products Services and Devices Market by Category
By Application:
- Anti-Pigmentation Therapy
- Anti-Cellulite Treatment
- Anti-Wrinkle Treatment
- Acne Management
- Scar Treatment
- Others
By Product Type:
- Creams
- Moisturizers
- Retinols
- Dermal Fillers
- Botulinum Toxin
- Chemical Peels
- Cellulite Treatment
- Non-Surgical Fat Reduction
- Others
By Distribution Channel:
- Dermatology Clinics
- Hospitals, Pharmacies, Drugstores
- Rejuvenation Centers
- Others
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Growth in demand for anti-ageing products, services, and devices can be attributed to the rapidly ageing and affluent baby boomer population and increasing beauty and health awareness among generation X and Y.
Alongside this the increasing cases of skin cancer and other skin diseases have improved the adoption of such procedures. Growing penetration of social media and relentless urge to have younger looking skin have increased the number of people undergoing anti-wrinkle and anti-cellulite treatment & procedures.
According to the American Society of Plastic Surgery and International Society of Plastic Surgery (ISPS) 2019, around 2.68 million people underwent soft tissue filler procedure and around 709,413 procedure of microdermabrasion were recorded in 2017.
Several advanced techniques have been introduced by key players in the anti-ageing market, which are fueling market revenues. Increasing demand for clinically-advanced solutions are boosting non-surgical-medical anti-ageing cosmetic procedures, creating lucrative growth opportunities especially across the U.S, UK, India and Germany.
Global revenue is predicted to reach approximately US$ 369.76 Bn, expanding at a CAGR of over 5.20% during the forecast period.
Competitive Landscape
Relentless urge to look youthful and have unblemished skin have significantly propelled the market growth along with the competition in the industry.
With increasing competition, key players are introducing new and effective products to maintain their lead. Product innovation and combination therapeutics are the key strategies market players have adopted to stay ahead in the competition.
Alongside product innovation, manufacturers are also collaboration and building partnerships with top brands to expand their customer base and have an extended reach to the global audience.
Increasing social media penetration and hyper-awareness about skincare have urged the key players to come up with new & effective devices and products catering the booming demand, to gain remunerative revenue over the forecast period.
For instance:
In January 2021, Amorepacific-owned South Korean brand, ‘Innisfree’ announced the launch of a new anti-ageing line, ‘Black Tea Youth Enhancing’, in Singapore after witnessing a huge success in South Korea.
Crescita Therapeutics Inc, another leading player and a commercial dermatology, announced the new certification from Laboratories FILLMED, in January 2021, for its new ART FILLER range products and New Cellular Treatment Factor in Canada.
In December 2020, Bare Minerals announced a new product line of its anti-ageing collection for dry winter skin with a plant based alternative to retinol.
Aesthetics Biomedical Inc., a regenerative aesthetics medical device and top skin care company, in September 2021, announced new scientific finding through its research & development initiatives for its radio frequency micro-needing device (RFMN), Vivace, adhering to the booming demand for minimally invasive devices to address anti-ageing and skin care procedures.
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Key Questions Answered in the Report
- What is the current anti-ageing products services and devices market value?
- The anti-ageing products services and devices market is expected to surpass a valuation of approx. US$ 222.11 Bn in 2021
- At what rate did the Anti-ageing products services and devices market grow between 2016 and 2020?
- The anti-ageing products services and devices market witnessed moderate growth at around 6.50% CAGR between 2016 and 2020.
- What are the key trends driving anti-ageing products services and devices sales?
- Growing ageing population worldwide, strict regulations led to introduction of safe and efficient anti-ageing products and services and increase in awareness about ageing signs in younger generations are the key trends driving sales.
- Who are the leading players of anti-ageing products services and devices?
- Allergan, Inc., Beiersdorf, AG, L’Oreal, SA, Coty, Inc., and Cynosure, Inc. are the top players leading the anti-ageing products services and devices market.
- What will be the demand outlook for North America Anti-ageing products services and devices market?
- Sales in North America for anti-ageing products services and devices market are set to grow at a healthy rate, reaching a valuation of approx. US$ 53,987.4 Mn by 2021.
- Which country in Europe will lead the anti-ageing products, services and devices market?
- Germany is expected to spearhead the market growth across Europe, contributing over 15% of global market share in anti-ageing products, services, and devices market
- Which are the top countries leading the anti-ageing products services and devices market demand?
- The U.S., UK, Germany, China, and France are the top countries driving the anti-ageing products services and devices market.
- What is the market share of leading players in anti-ageing products services and devices market?
- Top tier-1 players operating in anti-ageing products services and devices market contribute around 25-30% of global market share.
- What is the current market share of Japan in the global anti-ageing products, services and devices market?
- Currently, Japan accounts for over 1.5% of global market share in the global anti-ageing products, services and devices market.
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