Anti-aging Market Size
As per our research report, the global anti-aging market size is forecasted to worth USD 55.03 Billion by 2025. This market size is estimated to hike at a CAGR of 5.30% from 2020 to 2025.
Key Market Drivers
Some of the factors that are escalating the demand for the anti-aging market are technological advancements in this area, investing hugely in research and development activities, which led the market towards introducing the new anti-aging treatments and products like breast implants, botulinum toxin injection therapies, and plastic surgeries, etc. offering long-term results. There are some points in helping the manufactures. Some of them are following the strict rules and regulations to manufacture the product safely and resulting in quick for the customer. Premium anti-aging products are disturbed by the stores like departmental stores, and specialty stores have made them more accessible and wide range in availability. Nowadays, these products are selling through online stores, spas, and salons and responding directly through infomercials on television and through the home shopping channels.
There are some challenges in the anti-aging market, i.e., the high price of the anti-aging products and procedures with the presence of counterfeit products which is containing toxic substances will posing a major challenge in the growth of the market.
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Impact of Covid-19 On the Global Anti-Aging Market
Due to COVID-19, many markets are facing difficulties in production. The world itself fighting against the pandemic situation as well as an emergency of the economy almost trillions of dollars according to the revenue. Covid-19 is affecting the economy of the market in many ways, like the reduction of production, disruption of the supply chain, and financial imbalance.
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This research report on the global anti-aging market has been segmented & sub-segmented into the following categories:
Anti-Aging Market – By Products Type:
- UV Absorbers
- Anti-Wrinkle Products
- Anti-Stretch Marks Products
- Natural Products
- Hair Colour
Anti-Aging Market – By Demographics:
- Baby Boomers
- Generation X
- Generation Y
Anti-Aging Market – By Services:
- Anti-Pigmentation Therapy
- Adult Acne Therapy
- Breast Augmentation
- Liposuction Services
- Chemical Peel
- Eye-Lid Surgery
- Hair Restoration
Anti-Aging Market – By Devices:
- Anti-Cellulite Treatment Devices
- Microderm Abrasion Devices
- Laser Aesthetic Devices
- Radiofrequency Devices
Anti-Aging Market – By Region:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Globally North America is leading the major share by region in the global Anti-Aging market. This region is driving by the rise in the population of old citizenships, especially the people who are more concerned about their wellness, beauty, and physical appearance. Over the forecast period, Asia Pacific is registering the highest CAGR. Increasing population and rising demand for skincare products with high quality are majorly fuelling the demand of the market. Also, the increasing economy in developed and developing countries is anticipated to set growth opportunities for the market. Europe is following North America is leading the dominant shares of the market with the rising disposable income in urban areas.
Leading companies in the market
Companies that are playing a promising role in the global anti-aging market profiled in this report are Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc.
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