Global Anti-Aging Market: Outlook
Global anti-aging market is projected to grow with a CAGR 7.9%, given the fact that there is a growth in the aging population, advancement of technology, growing awareness among the people from every part of the globe & increase in the disposable income as well. Moreover, the increasing volume of anti-aging process is expected to have a high impact on the global market. The growing aging population is more susceptible to getting wrinkles and scars, which increases the demand for anti-aging products and treatments.
Study period in terms of years:
Historical year: 2014-2016
Base Year: 2017
Forecast Year: 2018-2025
Global Anti-Aging Market: Growth Drivers
The global anti-aging market is driven by factors, such as an increase in volume of anti-aging procedures, growing aging population, the rise in anti-aging awareness campaigns, technological advancements, and an increase in disposable income. Increasing life expectancy and fall in birth rate are the major causes of aging population. The aging population develops wrinkles due to lack of nutrients in the body, exposure to UV light, smoking, dehydration, medications, and other genetic factors. Furthermore, since there is an increase in disposable income, people tend to search for anti-aging treatment options.
GLOBAL ANTI-AGING MARKET, BY TYPE OF PRODUCT, USD (MILLION), 2014 – 2025
Global Anti-Aging Product Market: Key Stakeholders/Participants
Anti-aging product and device manufacturing
Suppliers and distributors of anti-aging
products and devices
Hospitals, surgical centres, cosmetic clinics,
retailers and consumers
Market research and consulting firms
Government bodies and municipal corporations
Global Anti-Aging Product Market: Research Methodology
The research was conducted covering the desk research and primary research. Extensive secondary research was conducted using paid data sources, including Bloomberg, Factiva, OneSource, and Hoovers. Additionally, several publicly-available data sources were used, including American Geriatrics Society (AGS), Bureau of Labor Statistics (BEA), Centers for Disease Control and Prevention (CDC), Center for Devices and Radiological Health (CDRH), Organization for Economic Co-operation and Development (OECD), United Nations Department of Economic and Social Affairs (UN-DESA) and various journals. These data sources were used to gather industry related information to develop an understanding of anti-aging. Data sources used for primary research included, but were not limited to, distributors, manufacturers, physicians, surgeons, store managers and suppliers. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Anti-Aging Product Market: Research Summary
The growing popularity of anti-aging products and treatments is the combined result of consumer awareness coupled with an increase in disposable income. Moreover, the growing aging population due to higher life expectancy and increased awareness for birth control demands for a healthy and younger aging population. The increase in conferences and seminars is expected to have medium impact on the global market, since it is expected to create awareness about various anti-aging treatments.
Anti-wrinkle products segment is expected to be
the largest contributor in the global anti-aging market; contributing over
62.7% share in 2017 and is further expected to reach over 64.3% by 2025. The
growth of anti-wrinkle products can be attributed to growing concern towards
appearances and awareness among women about anti-wrinkle products
Based on type of devices, radiofrequency is
expected to lead the anti-aging market, with a CAGR over 51.7% by 2025. Factors
such as an increase in the aging population and increasing prevalence of skin
photoagingare the major driving force of the market
Based on demography, generation X is expected to
lead the anti-aging market in accounting over 59.8% share in 2017, which is
expected to record market share at 61.4% by 2025. Factors such as increasing
awareness about anti-aging treatments in treating aging spots and wrinkles are
driving the market growth
The report also gives a detailed description of
which segment of anti-aging market are doing well in terms of market analysis
of different regions around the globe- North America, Europe, Asia-Pacific,
Latin America and Rest of the World
Global Anti-Aging Product Market: Competitive Dynamics
The research states that the global anti-aging market is highly competitive, with players developing new technologies and providing the customers with a plate full of options to choose from. Some of the key players in the global anti-aging product market are L’Oreal, Procter & Gamble (in terms of offering a number of products), and other brands offering anti-aging products are Helena Rubinstein, Vichy, and SkinCeuticals. The key players manufacturing the anti-aging devices include Nu Skin Enterprises, Lumenis Ltd, Cynosure, Inc., and Solta Medical Inc. (Valeant Pharmaceuticals).