The Anti-Ageing Products Services and Devices Market Size is valued at 187.36 Billion in 2022 and is predicted to reach 349.47 Billion by the year 2031 at a 7.3 % CAGR during the forecast period for 2023-2031.
Anti-aging products create a market with high acceptance, and they are less expensive and more readily available than services and devices. A huge part of the youthful population is subjected to drastic environmental changes and a sedentary lifestyle, both of which have raised health problems and made them more sensitive of their appearance, appearance, and health. A significant shift in consumer taste for organic and natural products has emerged from a rising predisposition toward plant-based alternatives. Many firms are offering anti-aging solutions made with chemical-free substances in this regard. The anti-aging market is being driven by rising the demand for cosmetic products and increasing disposable income around the world. To acquire a solid footing in the anti-aging ingredients industry, formulators of anti-aging products come up with innovative technologies and effective ingredients such as advanced biotechnology goods or synthetic proteins.
However, in comparison to the non-COVID-19 period, the anti-aging market is expected to grow slowly during the COVID-19 pandemic over the forecast period. Growing urbanization, rising income levels, and increased healthcare awareness are all factors influencing the expansion of organizations affiliated with these industries.
Stringent regulations implemented by regulatory organizations and governments in various countries are impeding the growth of the personal care product industry, which in turn is impeding the growth of the anti-aging component market in the future years.
Market Segmentation:
The Anti-Ageing Products Services and Devices market is segmented based on product, applications, device Type and distributional channel. On the basis of product, the market is categorized as Creams, Moisturizers, Retinol, Dermal Fillers, Botulinum Toxin, Chemical Peels, Cellulite Treatments, Non-Surgical Fat Reduction, Other Products. The device type segment consists of Anti-Cellulite Treatment Devices, Microdermabrasion Devices, Laser Aesthetic Devices, and Radio Frequency Devices. Based on applications market is segmented as Anti-Pigmentation Therapy, Anti-Cellulite Treatment, Anti-Wrinkle Treatment, Acne Management, Scar Treatment, Other Applications. Based on Distribution Channel market is segmented into Dermatology Clinics, Hospitals and Pharmacies.
Based On Product, The Cream Segment Is Accounted As A Major Contributor In The Anti-Ageing Products Services And Devices Market
The cream category is expected to hold a major share in the global Anti-Ageing Products Services and Devices market in 2021. These are specially formulated products that help in the maintenance of moisture, firmness, and elasticity in the facial skin, hence reducing wrinkles and folds. Furthermore, as consumer consciousness about animal welfare and environmental issues grows, more consumers are opting for cruelty-free goods, which is increasing demand for vegan or plant-based ingredient blends in skincare products. New product releases and advances are expected to fuel the market.
Anti-Wrinkles Segment Witness Growth At A Rapid Rate
The anti-wrinkles segment is projected to grow at a rapid rate in the global anti-ageing products services and devices market during the forecast period. People's awareness of Botox's effectiveness for wrinkle removal is growing because of many celebrities admitting to using it. Furthermore, anti-wrinkle solutions are becoming more technologically advanced, allowing the visible signs of ageing to be decreased, that's why its use is increasing. in the anti-wrinkles sector, especially in countries such as the US, Germany, UK, China, and India.
In The Region, The North America Anti-Ageing Products Services And Devices Market Holds Significant Revenue Share.
The North America Anti-Ageing Products Services and Devices market is expected to register highest market share in terms of revenue soon. Increasing concerns about personal care, lifestyle changes, and awareness of the detrimental effects of pollution on skin are all expected to boost the market's growth in North America. In addition, Asia Pacific is projected to grow at a rapid rate. Anti-aging creams are also becoming more popular in India, Japan, South Korea, and other Asia Pacific growing markets. Acquisitions by cosmetics sector players are likely to help the market's growth in the region. Furthermore, the increased availability of products, together with increased access to diverse domestic and international brands via e-commerce, is driving this region's growth in the anti-aging food market over the upcoming years.
Competitive Landscape
Some of The Key Players in The Anti-Ageing Products Services and Devices Market:
- Allergan, Inc.
- Alma Laser
- Beiersdorf AG
- Coty Inc.
- Cynosure
- L'Oréal SA
- Lumenis
- Photomedex
- Personal Microderm (PMD)
- Solta Medical, Inc.
- Other Prominent Players
The Anti-Ageing Products Services and Devices Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 187.36 Billion |
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Revenue Forecast In 2031 |
USD 349.47 Billion |
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Growth Rate CAGR |
CAGR of 7.3 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product, By Applications, By Device Type, By Distributional Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Allergan plc, L'Oréal SA, Age Sciences Inc., The Estée Lauder Companies Inc., Or lane S.A., Alma Lasers Ltd., Lumens Ltd., TRIA Beauty Inc., YA-MAN LTD., Panasonic Corporation, Carol Cole Company Inc., MTG Co. Ltd., Cayden Limited, Coinlike Philips, and other |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
