The global anti-aging market valued at $165.2 billion in 2017 and is further projected to generate $303.2 billion revenue by 2025, witnessing a CAGR of 7.9% during the forecast period (2018–2025). Based on product, the anti-wrinkle devices are projected to generate largest revenue in the market throughout the study period. This growth can be mainly attributed to the increasing awareness about Botox treatment for enhanced skin appearance among consumers.
Increasing Inclination of Consumers Toward Easy-to-Use At-Home Anti-Aging Devices
There is a wide variety of anti-aging devices available for wrinkle reduction, skin rejuvenation, cellulite reduction, and microdermabrasion, which have increased consumers' propensity toward easy-to-use and convenient anti-aging devices at home. The adult population is focused toward preventive measures to keep the signs of aging at minimal, while aged individuals are looking for practices to sustain the youthful appearance with the adoption of these products.
Increasing Number of Anti-Aging Seminars, Conferences, and Campaigns to Drive the Market Forward
The rising awareness about advanced anti-aging treatments, among students, delegates, and plastic surgeons, may be attributed to the widely increasing number of conferences, exhibitions, campaigns, and seminars, where numerous anti-aging market players launch and present their technologically advanced new solutions for aging conditions. For instance, EuroMediCom, which provides life sciences related knowledge through educational conferences, trainings, and exhibitions, is going to organize International Medicine of Anti-Aging and Aesthetics Congress (IMAAC) in Shenzhen, China in December 2018. These are expected to create notable demand for anti-aging products, devices, and treatment procedures.
Segmentation Analysis of Anti-Aging Market
Geographical Analysis of Anti-Aging Market
Together, North America and Europe are expected to account for 61.4% share in the anti-aging market by 2025. This can be mainly accredited to the rising demand for non-surgical anti-aging procedures, increasing awareness of at-home anti-aging devices, and surging number of aesthetic procedures in these regions.
On the other hand, APAC is the fastest-growing market for anti-aging devices and products, due to the increasing number of cosmetic procedures, growing geriatric population, and rising number of conferences and seminars to raise awareness among consumers.
Competitive Landscape of Anti-Aging Market
The Procter and Gamble Company, Nu Skin Enterprises Inc., Lumenis Ltd., Hologic Inc., Syneron Medical Ltd., Home Skinovations Ltd., Allergan plc, The Estée Lauder Companies Inc., Coty Inc., L’Oréal S.A., Orlane S.A., Age Sciences Inc., and Alma Lasers GMBH are some major players in the anti-aging market that offer anti-aging products and devices. Anti-wrinkle, hair color, UV absorbers, anti-stretch marks are the key products offered by these market players. The types of devices offered by these players include radiofrequency-based, laser-based, anti-cellulite, microdermabrasion, and other devices.
Browse report overview with 244 tables and 33 figures spread through 125 pages and detailed TOC on "Anti-Aging Market Research Report: By Product (Anti-Wrinkle, Hair Color, UV Absorbers, Anti-Stretch Marks), Device (Radiofrequency, Laser, Anti-Cellulite, Microdermabrasion), Treatment (Hair Restoration, Anti-Pigmentation, Anti-Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel), Demography (Generation X, Baby Boomer, Generation Y) - Global Industry Size, Share, Trends, Growth and Forecast to 2025" at:https://www.psmarketresearch.com/market-analysis/anti-aging-market
Recently, the major players operating in the global anti-aging market have taken several strategic measures, including product launches. For instance, in August 2018, Alma Lasers GMBH launched PICO CLEAR, a solution for a large number of complex dermatological indications. The PICO CLEAR platform includes a comprehensive range of applicators for different skin types.
Similarly, in July 2018, Lumenis Ltd. introduced NuEra tight, a non-invasive, temperature-controlled top to toe radiofrequency-based skin laxity and cellulite treatment device in 2018 Aesthetic Show organized in Las Vegas, the U.S.