Global Anti-Aging Market to Record CAGR of 7.2% during 2022-2028

 Posted on: Nov-2022 | Healthcare

The Global Anti-Aging Market size was valued at USD 101.2 Billion in 2021. The market is projected to grow from USD 106.6 Billion in 2022 to USD 151.7 Billion by 2028, exhibiting a CAGR of 7.2% during the forecast period.

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Anti-aging refers to the process of limiting or retarding these changes through a range of products and services. At the present time, a good physical personality has become an inevitability and determines the success of an individual in different areas of life. The growing awareness among both the young and old customers about their physical appearance has support the demand for anti-aging products and devices. Now a days the novel approaches for drug delivery system has been given a great opportunity with a main focus on antiaging cosmetics. Numerous treatments available for anti-aging include antipigmentation therapy, anti-adult acne therapy, breast augmentation, liposuction, chemical peel and hair restoration treatment.

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Anti-Aging Market Scope

Attribute

Details

Market Size in 2021

USD 101.2 Billion

Estimated Market Size in 2028

USD 151.7 Billion

CAGR Growth Rate

7.2% CAGR

Historical Year

2016 to 2021

Forecast Years

2022-2028

Segmentation

Product, Age Geographic, Services, Devices, and region

Major Regions Covered

  • North America
  • The U.S.
  • Canada
  • Europe
  • France
  • UK
  • Germany
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Report Coverage      

Revenue forecast, company share, competitive landscape, growth factors, and trends

Free customization scope (equivalent to 5 analysts working days)

 

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The rising consciousness of anti-aging products for the body and skin in younger generation is pouring into the global anti-aging market. Aging is inevitable natural process and most people wish to delay aging. In order to maintain a youthful appearance both men and women are using anti-aging products available in the market. Consumer interest and demand for anti-aging treatments including medical, surgical, and cosmetic approaches is extremely high. Anti-aging products offer various advantages which include dark spot reduction, wrinkle reduction, dead skin removal, etc. Aesthetic surgeries are also available to get rid of signs of aging. The per capita spending on anti-aging treatment has increased due to its increasing demand owing to increased awareness and benefits of anti-aging products. Furthermore, the increasing geriatric population in emerging economies is also responsible for the increasing sales of anti-aging products across the world. In next 10 years there will be an increase of about 236 million geriatric population worldwide and further, it is projected to almost double from 2025 to 2050.

Research studies have proven that many of the ingredients of the anti-aging products contain harmful substances. Most anti-aging creams contain carcinogenic chemicals like monoethanolamides (MEA), diethanolamine (DEA), and triethanolamine (TEA). Exposure to such chemicals over long period of time may cause cancer. Parabens used as preservatives may result in skin rashes and other side effects. Also, mineral oil containing creams may hamper normal skin functioning resulting in pimples, acne etc. Some other common side effects of anti-aging products are black or brown spots on skin, burning sensation, redness of the skin. Bisabolol has shown to cause sunburn, skin rashes and limonene is skin irritant as well as act as carcinogen. however, the side effects of anti-aging product may hamper the market growth.

Anti-Aging Market Segmentation

By Product

On the basis of Product, the global Anti-Aging is bifurcated into Botox, Anti-Wrinkle Products, Anti-Stretch Mark Products, Others. Anti-Wrinkle Products was the leading category of the above product and accounted for around 49.48% market share in 2021. anti-stretch mark predictable to be the fastest growing segment among all other segment owing to rising demand for anti-stretch mark products.

By Age Geographic

On the basis of age geographic, the global energy recovery ventilator is categorized into Baby Boomer, Generation X, Generation Y. Generation X segment accounted for the largest share because of people’s increasing awareness of their skin’s look. This category held more than 37.4% share in 2021.

By Devices

Based on devices, the market has been divided into Microdermabrasion, Laser Aesthetics, Anti-Cellulite Treatment and Anti-Aging Radio Frequency Devices. The microdermabrasion devices segment dominated the anti-aging market in 2021. 

By Services

In 2021, the Anti-Adult Acne Therapy segment was the largest revenue generator, and is expected to grow at a CAGR of 8.9% during the forecast period. Chemical Peel segment is expected to grow at modest rate and it’s accounted for 14.95% of the global revenue share in 2021. 

By Region

North America is projected to generate the highest revenues in the global market because of the rising presence of key market players and growing adoption of anti-aging products. In 2021 North America contributed 38.6% of share for the global market and is expected to grow at a CAGR of 7.5% in the forecast period of 2022 to 2028.

Asia-Pacific is projected to grow at a high CAGR majorly due to the increasing disposable income and growing increased awareness and benefits of anti-aging products are expected to drive the market in the region. China dominated the market in the region and is expected to grow at a leading CAGR of 8.5%. China and India were the leading players in this region.

The global analytical standards market Key players are as follows:

  • Personal Microderm
  • Alma Lasers Ltd
  • L‘Oreal, Allergan Inc
  • Cynosure Inc.
  • Solta Medical Inc
  • Beiersdorf AG
  • Avon Products Inc
  • Estee Lauder Inc

 

Recent Developments:

  • March 2017 - L‘Oréal finalized the acquisition from Valeant of skincare brands CeraVe, AcneFree, and Ambi.
     
  • March 2017 - Hologic, Inc. completed the acquisition of Cynosure, Inc., a leader in medical aesthetics systems and technologies, for $66 per share in cash.

The global Anti-Aging Market segments are as follows:

By Product

  • Botox
  • Anti-Wrinkle Products
  • Anti-Stretch Mark Products
  • Others

By Age Geographic

  • Baby Boomer
  • Generation X
  • Generation Y

By Services 

  • Anti-Pigmentation Therapy
  • Anti-Adult Acne Therapy
  • Liposuction
  • Chemical Peel
  • Hair Restoration Treatment
  • Breast Augmentation
  • Others

By Devices  

  • Microdermabrasion
  • Laser Aesthetics
  • Anti-Aging Radio Frequency Devices
  • others

Major Regions Covered   

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East & Africa

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