Anti-Aging Market Overview
Aging is achieved by a series of diverse biochemical procedures in the body that persuade it, both internally and externally. Skin aging is a biological process influenced by the combination of the hormone and metabolic process. These factors lead to physiological alterations of each layer of skin especially sun exposed. Gradual loss of skin elasticity leads to a phenomenon of lagging. Anti-aging involves procedures and medication intentional to delay, stop or retard the aging process. Three primary structural components of the dermis, collagen, Elastin and GAG’s are the subjects of the majority of the aging research.
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The future growth of the anti-aging market is observed to rely on the advancement and technological development with enhanced efficacy and safety of anti-aging products.
Anti-Aging market is observed to be one of the rising markets in today’s world. New technologies have initiated the association of new anti-aging treatments and products, which is propelling the anti-aging products, service, and devices market growth. Increased awareness about aging signs, increase in obesity and sedentary routine are fuelling the market growth.
Anti-Aging Market Forecast Report (2018-2023)
Global Anti-Aging Market was worth USD $42.51 Billion in 2018 and estimated to be growing at a CAGR of 5.30%, to reach USD $55.03 Billion by 2023.
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Anti-Aging market Segmentation
The Global Anti-Aging market is segmented on the basis of demographics into Baby Boomers, Generation X, and Generation Y. On the basis of products, the market is divided among UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Marks Products, Natural Products, and Hair Colour. Based on services the market is segmented into Anti-Pigmentation Therapy, Adult Acne Therapy, Breast Augmentation, Liposuction Services, Abdominoplasty, Chemical Peel, Eye-Lid Surgery, Hair Restoration and Sclerotherapy. By devices, the segmentation is among Anti-Cellulite Treatment Devices, Microderm Abrasion Devices, Laser Aesthetic Devices, and Radiofrequency Devices. Baby boomer and generation X are considered as the majority informed and cost-effective customer group for the anti-aging market.
Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. North America dominated the anti-aging market in 2018 owing to the high awareness of signs of aging and increasing obesity in the region. The Asia Pacific is likely to experience utmost growth in the near future, mainly due to the approval of new anti-aging services, products, and devices in this region.
Key Developments in the Anti-Aging Market
- January 2018: USANA announced the launch of a new skincare line in 2018 Celavive, which is likely to revolutionize the market and has the unique ability to reduce the appearance of wrinkles, improve the tone and texture of the skin.
- January 2018: Vernell launched its new anti-aging gel for men that promise excellent skin revitalization and firmness.
- Cellifique is a new collagen injectable that is quite natural looking and doesn’t result in the discoloration and has shown a promise in the reduction of wrinkles around the mouth.
The major companies dominating this market for its products and services are
- Coty Inc.,
- Personal Microderm,
- Beiersdorf AG, Photomedex Inc.,
- Lumenis Ltd, Alma Lasers Ltd,
- Solta Medical Inc.,
- Cynosure Inc.,
- L’Oreal, SA,
- Allergen Inc.
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