The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Anti-aging Treatment Market, By Product Type (UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Mark Products, Natural Products, and Others), By Technology (Botulinum Toxin Therapy, Dermabrasion, Microdermabrasion, Chemical Peels, Fractional Laser Skin Resurfacing, Dermal Fillers, and Nonablative Skin Rejuvenation), By End User (Hospitals, Skin Care Clinics, Homecare Settings, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 21.06 billion in 2020 and is expected to exhibit a CAGR of 7.3% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Increasing launches of new and advanced anti-aging treatment products by market players is expected to boost the market growth over the forecast period. For instance, in January 2018, NuFACE announced the launch of NuBODY, a microcurrent beauty device designed for whole body. The device targets the larger and denser areas of the body such as arms, stomach, thighs, and others, and provides a smooth and even tone skin.
Global Anti-aging Treatment Market – Impact of Coronavirus (Covid-19) Pandemic
Market players are opting for digital platforms to ensure continuous sales amid coronavirus (COVID-19) pandemic. For instance, on April 16, 2020, L’Oréal S.A released it financial statement for first quarter of 2020 stating that 20% of sales is contributed by e-commerce. The company is further planning to maximize its e-commerce opportunities to ensure its revenue growth through digital platforms.
Furthermore, key players are focusing on the production of hand sanitizers in order to compensate for the revenue loss due to COVID-19 pandemic. For instance, on April 15, 2020, Shiseido Company announced that it will be starting the production of hand sanitizers specially designed for people who have sensitive skin.
Browse 27 Market Data Tables and 26 Figures spread through 201 Pages and in-depth TOC on “Anti-aging Treatment Market”- Global Forecast to 2027, By Product Type (UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Mark Products, Natural Products, and Others), By Technology (Botulinum Toxin Therapy, Dermabrasion, Microdermabrasion, Chemical Peels, Fractional Laser Skin Resurfacing, Dermal Fillers, and Nonablative Skin Rejuvenation), By End User (Hospitals, Skin Care Clinics, Homecare Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in the global anti-aging treatment market press release, click the link below: https://www.coherentmarketinsights.com/press-release/anti-aging-treatment-market-3479
Market players are focusing on various inorganic growth strategies such as acquisitions and partnerships in order to expand their product portfolio. For instance, in May 2020, AbbVie Inc. completed the acquisition of Allergan plc. Through this acquisition, AbbVie Inc. enhanced its product portfolio in aesthetics business, with leading brands including Botox and Juvederm.
Furthermore, market players are focusing on strengthening their geographical footprint and market presence by launching its skincare products in the global market. For instance, in September 2019, Rodan & Fields, LLC announced that it will be launching new product formulations in Japan in 2020. The launch is a strategic move of Rodan & Fields, LLC for global expansion.
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Key Takeaways of the Global Anti-aging Treatment Market:
- The global anti-aging treatment market is expected to exhibit a CAGR of 7.3% over the forecast period, owing to increasing number of aesthetic procedures. According to the International Society of Aesthetic Plastic Surgery, around 142,505 facial rejuvenation procedures such as chemical peel and microdermabrasion were performed in Brazil in 2017.
- Among product type, anti-wrinkle products segment accounted for largest market share in 2019, owing to increasing approvals by regulatory authorities. For instance, in September 2019, Beroni Group received China Food and Drug Administration approval to distribute its skin rejuvenating and wrinkle care lotions and masks in China.
- Among technology, botulinum toxin therapy segment accounted for largest market share in 2019, owing to increasing product approvals from the regulatory authorities. For instance, in February 2019, Evolus, Inc. received the U.S. Food and Drug Administration approval for Jeuveau, a prabotulinumtoxinA-xvfs injection, developed for temporary improvement of moderate to severe glabellar lines in adults.
- Key players operating in the global anti-aging treatment market include Allergan Plc, Estée Lauder Companies, Shiseido Company, Beiersdorf AG, L’Oréal S.A, NuFACE, Ostium Cosmetics, PhotoMedex, Inc, Alma Laser, Rodan & Fields, LLC, and others
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