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Published: March 2017
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Report Code: LS10343
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Available Format:
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Pages: 210
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Category : Healthcare
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Anti-aging refers to prevention, treatment, and reversal of age-related conditions such as age spots, scars and wrinkles. There are various anti-aging products available in the form of cream, gel, serum, cleanser, moisturizer and facial oil are used to treat different aging-related problems such as wrinkles, acne, scars, spots and stretch marks. Hair restoration, breast augmentation, anti-pigmentation, anti-adult acne, liposuction and chemical peel are the major treatments performed for anti-aging. The global anti-aging market has been segmented on the basis of product, device, treatment and demography.
On the basis of product, the global market has been further segmented into anti-wrinkle, hair color, UV absorbers, anti-stretch marks and others. Anti-wrinkle has been the largest product segment in the global anti-aging market.
On the basis of device, the global market has been segmented into radiofrequency, laser, anti-cellulite and microdermabrasion.
On the basis of treatment, the global market has been segmented into hair restoration, anti-pigmentation, anti-adult acne, liposuction, breast augmentation, chemical peels and others. Increasing awareness about breast augmentation procedures has led to an increase in volume of breast augmentation procedures, which acts as a major driver for the growth of the global anti-aging market for breast augmentation. In 2015, highest number of breast augmentation procedures were performed in the U.S., followed by Brazil.
On the basis of demography, the global market has been segmented into Generation X, Baby boomer and Generation Y.
POPULAR ANTI AGING SURGICAL PROCEDURES IN EUROPE BY COUNTRY 2015
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The global anti-aging market is expected to witness a CAGR of 7.9%, during 2017 -_ 2025. Growing aging population, increasing anti-aging awareness campaigns and increasing disposable income are the key drivers for the global market. Besides, technological advancements in anti-aging devices and treatments drive the growth of the global market. On the other hand, the market has been facing certain challenges such as high cost, strict regulations and risk associated with anti-aging devices, which may impede its growth, during the forecast period. Apart from it, need for minimally or non-invasive treatments and rising use of social network and e-commerce is expected to create enormous revenue generation opportunities for the manufacturers in this market.
Opportunities
The revenue of the global anti-aging market is expected to be positively impacted by growing need for minimally or non-invasive treatment and increasing use of social networking and e-commerce. There is growing need for minimally and non-invasive (non-surgical) treatments to avoid pain and complications caused by cosmetic surgical procedures.
These treatments serve as effective alternatives as compared to plastic surgeries for treating wrinkles, fine lines, acne, skin pigmentation, ulceration of the legs, and abdominal fat. As reported by Vascular Disease Foundation (VDF), around 20 to 25 million Americans had varicose veins in 2012. To treat varicose veins and spider veins, sclerotherapy and laser treatments are performed, globally. According to the ASAPS, in 2015, the number of overall cosmetic procedures performed increased by 39%, further the surgical procedures increased by 17% and non-surgical procedures increased by 44% from 2011. Moreover, in 2015, Americans spent around 13.5 billion on combined surgical and non-surgical procedures wherein, non-surgical procedures accounted for 42% of the total expenditure. With the increase in the number of people undergoing the non-surgical procedures, there is an increasing need for minimally non-invasive (non-surgical) treatments for enhancing a person’s physical appearance. This is expected to drive the growth of the market in future.
Growth Drivers
Increasing geriatric population has created a positive impact on the growth of the global anti-aging market. Old age is associated with loss of fibrous tissue, and reduced vascular and glandular network in the layers of skin. In the elderly population, the appearance and characteristics of the skin gets altered, leading to wrinkles, dryness, pigmentary alteration, and sagging of the skin. In addition, anti-aging products and devices help in reducing skin aging, thus giving younger look to a person by revitalizing and tightening the skin. According to the United Nations Department of Economic and Social Affairs (UNDESA) report the number of people aged 60 years or above are projected to grow by 56%, globally, i.e. from 901 million in 2015 to 1.4 billion by 2030. Also, by 2050, the global aging population is projected to reach nearly 2.1 billion. In addition, the number of people aged 60 years and above is expected to reach approximately 437 million in China, 324 million in India, 107 million in the U.S. and 58 million in Brazil by 2050. According to American Geriatrics Society (AGS), around 20% of Americans are expected to be more than 65 years of age by 2030, and 21% of those over 60 years of age are likely to undergo surgical procedures.
Increase in the number of anti-aging awareness campaigns has also been fueling the growth of the global anti-aging market.
Some of the key players in the global anti-aging market include L’Oréal, The Proctor & Gamble Company, Beiersdorf AG, Allergan Plc., The Estee Lauder Companies Inc., Nu Skin Enterprises, Inc., Johnson & Johnson, Coty Inc., Cynosure, Inc., Lumenis Ltd., Syneron Medical Ltd., Photomedex Inc., Orlane, Personal Microderm and Alma Lasers Ltd.
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