Market Research Future (MRFR) announces the publication of its research report – Global Anti-Aging Services Market, 2018-2023.
The global Anti-aging Services Market held a market value of USD 21.39 billion in 2017 and is projected to grow at a CAGR of 5.47% over the forecast period.
Aging is damage to the body’s macromolecules, cells, tissues, caused by genomic instability, epigenetic alterations, loss of proteostasis, mitochondrial dysfunction, cellular senescence, stem cell exhaustion, oxidation damage by free radicals etc. Factors such as growing demand for anti-aging drugs and services, the influence of media and fashion industry, increasing disposable income, growing awareness about the aesthetical industry are driving the market for anti-aging services.
On the other hand, the high cost of some of the procedures, and potential side effects of the anti-aging treatments are some of the factors that thwart the growth of the anti-aging services market to an extent.
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Some of the prominent players in the global anti-aging services market are
- Allergan Inc
- Alma Lasers
- Beiersdorf AG
- Cutera InC
- Cynosure Inc
- Elizabeth Arden
- Estee Lauder Inc
- Procter & Gamble
- Solta Medical Inc
- The global anti-aging services market has been segmented into type of service and service provider.
- Based on type of service, the market has been segmented into microdermabrasion, breast augmentation, liposuction, chemical peel, sclerotherapy, intense pulsed light, Botox treatment, dermal fillers, and others. The microdermabrasion segment is expected to account for the largest share in the global anti-aging services market in 2017. This large share is majorly attributed to the wider acceptance of the procedure, increasing acceptance in different regions, better patient compliance and better results as compared to other services. Liposuction segment is projected to hold the second largest market during the forecast period of 2018 to 2023.
- Based on service providers, the market has been segmented into hospitals, dermatology clinics, salons, and others. The dermatology clinics segment is expected to account for the largest share in the global anti-aging services market in 2017 followed by hospitals segment. The major share of the dermatology clinics is mainly attributed to the wide range of anti-aging services provided by these specialty clinics and
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Geographically, the Americas is anticipated to dominate the global Anti-aging Services Market owing to the well-developed healthcare infrastructure, high disposable income, high awareness about the body aesthetics, and increasing adoption of the anti-aging services by people in the US. Moreover, the huge influence of the fashion and film industry in the US has played an important role in generating demand for the beauty and aesthetic services including anti-aging. All these factors are responsible for the growth in the region.
Europe is expected to hold the second largest market share in the global Anti-aging Services Market. The market growth in this region is majorly attributed to the growing popularity of aesthetic treatments, a high number of old age people, and increasing acceptance of anti-aging treatments in the region. Similarly, the Asia-Pacific region has observed a rapid growth in the anti-aging services market owing to the growing disposable income and demand for cost-effective anti-aging service. Besides, increasing beauty consciousness in developing countries and rapidly growing medical tourism industry is also expected to generate growth opportunities in the untapped markets of the Asia-Pacific region. The Middle East & Africa region is anticipated to show minor growth opportunities in the anti-aging services market during the forecast period.
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