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Anti-Aging Market to Generate Revenue Worth $303.2 Billion by 2025

Published Date:   September 2018

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

Anti-Aging Market

  • Anti-wrinkle products are projected to generate largest revenue throughout the forecast period. This can be primarily attributed to the rising awareness about Botox treatment for enhanced skin appearance among consumers.
  • Radiofrequency devices held the largest share in the anti-aging market, owing to their advantages, such as skin tightening, aesthetic enhancement, cellulite, and body contouring; therefore, the adoption rate of these devices among consumers further drives the market growth in this category.
  • Hair restoration treatment is the fastest-growing category, mainly due to the increasing number of hair transplant surgeries across the globe.
  • Due to the fact that Generation X is more conscious about aesthetic appearance; therefore, this category is expected to witness the fastest growth in the anti-aging market during the forecast period.

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.

  • In 2017, Japan held the largest share in the APAC anti-aging market, mainly on account of the rising geriatric population and increasing awareness about cosmetic treatments.
  • Brazil held the largest share in the LATAM anti-aging market, primarily attributed to the increasing number of cosmetic procedures and growing medical tourism industry in the country.
  • The Saudi Arabian anti-aging market is also expected to witness the fastest growth in the MEA region. This can be attributed to the increasing awareness about innovative and advanced applications of anti-aging products and devices, rising number of cosmetic surgeries, and growing geriatric population in Saudi Arabia.

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.